Paradise Valley, AZ Real Estate News

By James Wexler
(wexzilla.com)
According to a report from the Arizona State University just released , ..  Valley Cities (Phoenix, Scottsdale, Paradise Valley and other surrounding cities of Glendale, Peoria, Mesa, Tempe ,etc...) recorded a year over year price drop of 18%. In the North east region of the Valley which includes Paradise Valley and Scottsdale, prices dropped more than 10% from April of 2007. ASU real estate professor Karl Guntermann, noted that the rising amount of foreclosures was the primary factor for the "off-the-cliff drop". However, rising gas prices, rising food prices, rising interest rates also contributed to the falling home prices. I am sorry to be the bearer of such news. However, let's think positively for a moment and ask, If you have been waiting for the house you could not afford, and c...
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
If you live in the "Valley of the Sun" and have a child between 6 and 14 years of age and are looking for something both fun and educational for them for the summer then check out Paradise Valley's Community College. From July 7 through 17 there are classes that offer these budding minds the chance to design rockets and robots, build Sudoku puzzles and create computer animations. There are also classes in art, guitar, astronomy, reading and journalism. Call 602-787-6804 or visit their website.
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
Dining at Lons is like stepping back a bit into history. Lons at the Hermosa is Arizona's only remaining authentic hacienda. There is a territorial old time decor and patios. There is a romantic feeling and old Arizonia charm. Located at 5532 N Palo Cristi road in Paradise Valley Arizona, the hacienda overlooks some of the most amazing scenary that Arizona can offer. There are many special offerings at the hacienda, including "trust" Tuesdays where the guests allow the chef to select and cook what he decides. There are special brunches, winemaker dinners and other interesting offerings that allow interesting ways to take advantage of this special place. For more information call 602-955-7878 or visit their website.
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By Artur Ciesielski, CCIM
(Realty Executives)
Last year while the rest of the Phoenix real estate market was on a clear decline, especially in the second two quarters, the luxury home market, especially in Scottsdale and Paradise Valley held steady.  That steadiness has, since the beginning of 2008 turned into a decline, especially for entry level homes in Paradise Valley. Here is the activity from the first of May 2008 to mid June. Active Homes in Paradise Valley,  453 and an average of 227 days on the market. 34 Homes are pending.  These homes have been on the market for an average of 212 days. 26 Homes sold in 45 days bringing  the inventory supply to 26 months.  The homes that sold in Paradise Valley were on the market an average of 271 days. What is interesting that the sales price compared to the sold price is 92% but looking...
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Yes, you are reading correctly. this past march , March, according to John McClean who researched this from the public tax records in Maricopa County , (which includes, phoenix, Scottsdale, Glendale, Tempe, Peoria, Fountain Hills and Paradise Valley) in fact, throw in a couple of ‘smaller’ home sales for $3,900,000 and another $3,800,000 and you have a total of $34,000,000 (that’s 34 Million) in just 6 homes alone. Let’s face it, Phoenix, and its surrounding cities like Tempe, Fountain Hills and Scottsdale, Arizona is still a wonderful place to live. Home values are cheap (when compared to many other resort destinations) and have been getting cheaper (down about 20% from highs). Interest rates are near historic lows. Stock market is volatile, inflation is high. Where else but real estat...
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By Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info
(Hawai'i Life Real Estate Brokers)
  Camelback Mountain - Phoenix, Arizona I want to say what a great experience we had climbing the trail at Echo Canyon Park - to the top of Camelback Mountain, in the heart of the Phoenix metropolis. It was a good hike that took us over 3 hours (we rested for an hour at the top).  The guidebook told us it was going to be strenuous, and they weren't kidding.  It was hot and steep, but so worth it.  Parts of the trail were so steep that there were handrails to cling to.  Other parts you had to use your hands to climb up the rocks.  Once you get to the top the views are incredible, and you can see 360 degrees, for miles around... all of the metropolitan area and then some.  To the south is the Sky Harbor Airport.  To the north were some really high priced homes in Paradise Valley. Did you...
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By Will Daly, www.WeKnowUrban.com - Phoenix High Rise and Loft C
(We Know Urban Realty)
The article below has nothing to do with urban living or high rises or lofts but it's certainly relevant to what's going on in Phoenix real estate with respect to higher end properties.  Contrary to what anyone may be telling you, Canadians are in town buying properties.  We know this for a fact (and not just from the article).  Canadian buyers will not turn our market around but the fact that they are buying is a possible indicator that we have hit or are near the bottom.  If Canadians buy a couple of the higher end penthouses at some of the high rise condo buildings that will certainly make a huge difference for those particular developers.  Also, we haven't seen it yet but we expect that some will buy the middle priced high rise or loft condos as well which again will not turn the ma...
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By Tish Tischer, Associate Broker/Developer/Help Buy/Sell/Invest
(Realty Executives)
  From the Stauffer Weekly Update: " Market continues to improve. Overall supply has moved to 11 months, and pendings and closes continue their upward trend." "476 active listings in Paradise Valley" 
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Contact Lori Kaufman with Phoenician Properties at 602-741-8996 for more information. GOLF COURSE LOT---Views, Views, Views!!! Acre+ lot in gorgeous Camelback Country Estates. This is Paradise Valley at it's best...Enjoy every day and every evening with unobstructed golf course, mountain and sunset views from the Southwest facing back patio. Gorgeous North/South lot. Quality construction--Marchal built home. Home needs some updating but has great bones. Heated pool and spa with water feature. Priced to sell!! Want a dynamic real estate video tour for your listing? Contact Show Appeal at 480-306-6620.
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I am excited to announce the opening of a new Chapter of LeTip International, Inc. called "LeTip of Paradise Valley"!  As you all know, there is only ONE spot in these groups per area of expertise, so please contact me ASAP if you are interested in joining!!!  We meet every Wednesday morning at 7:00 a.m. in North Scottsdale.  Please contact me for details!!!  The purpose and intent of the group is not just for referrals, but building a powerful group of successful professionals.  That means I will personally screen ALL applicants to ensure the utmost in professionalism.  We are focusing on bringing in as many referrals as possible so we will accept only tenured professionals from each area of business.Here are just some of the open spots for this networking group:FINANCIAL: Attorney - B...
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By Tish Tischer, Associate Broker/Developer/Help Buy/Sell/Invest
(Realty Executives)
Tish Tischer --   To be kind is to act lovingly - kindness is the answer to all our issues -- kind thoughts are selfless thoughts - egoless - Holy Spirit more.   We can forget and replace Love with intellect and come to believe that intellect is right -- unfortunately correct may not be Love.Resting in the arms of God, kindness comes naturally unfortunately in the immediate world often Ego (Fear and Judgment) interrupt the higher energy Love and cause us to turn from God. Selfless Power is God's power within us to carry the Holy Spirit to the world. We were perfect in God's eyes and only we can see it otherwise. As I stay in High Energy I can effect more Love and die to sin(turning away from Love). As we approach the celebration of the transfiguration of Christ, help me God to better se...
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By Tish Tischer, Associate Broker/Developer/Help Buy/Sell/Invest
(Realty Executives)
Don't Wait -- Good Houses Get Sold -- when they are priced close enough to the market!  If you wait for the bottom you will miss the best houses and you miss the bottom. On the way down the market gives up the best buys and the best investments. -- Be counter culture and reap the rewards. -- Location is # 1 but Buying on the way down is #2 Principle. Google Tish Tischer Blog
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By Erik Walbot, "Doing Real Estate Better"
(The Walbot Group )
Paradise Valley AZ Real Estate Search 24/7 live feed, Paradise Valley AZ Real Estate for sale, one click to view Paradise Valley AZ Real Estate by subdivisionsClick here to search by one of the following PARADISE VALLEY AZ Real Estate subdivisions belowParadise Valley SubdivisionsCamelback Country Club Estates Camelback Country Estates Camelback Foothills Camelback Lands Camelhead Estates Casa Blanca Cheney Place Cinco Soles Clearwater Hills Colonia Miramonte Cypress Creek Desert Vista Estates Doubletree Estates El Dorado Estates Finisterre Jokake Camelback Judson La Place Du Sommet Las Brisas Lincoln heights Martingale Farms Merril Cantatierra Montana De Bonitas Casas Mountain View Estates Mummy Mountain Park Palo Verde Foothills Paradise Canyon Foothills Paradise Hills Paradise Mansio...
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By Congress Realty, Congress Realty
(Congress Realty)
Word on the street is that Shaq may be heading to the Phoenix Suns.  Shaq sold an approximately $30 million trophy property in Miami in 2007.  (unfortunately he did not use a $299 flat fee listing or else he could have saved perhaps $1 million)I took a brief look at the Phoenix MLS this morning and saw some very fine inventory in Paradise Valley at over $10 million.  Shaq, if you are interesting in seeing any of these properties, please give me a call at 480-471-9393:    Comparative Market Analysis     Property Type:   Residential       Status:   Active SubjectProperty                 # ML# Status Address Built Fe Code SqFt List Price LP/ SF ADOM CDOM 1  2879755  act  6136 N Kachina LN Paradise Valley  1997  913FBDXPSTQAO4+G  18364  $10,000,000  $545  90  90  2  2924538  act  5335 N WIL...
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By Erik Walbot, "Doing Real Estate Better"
(The Walbot Group )
Paradise Valley Arizona Real Estate Search 24/7 live feed, Paradise Valley Luxury Homes for sale, one click to view Paradise Valley Real Estate by subdivisions, consumer friendlyClick here to search by one of the following PARADISE VALLEY ARIZONA subdivisions below the link.Paradise Valley SubdivisonsCamelback Country Club EstatesCamelback Country EstatesCamelback FoothillsCamelback LandsCamelhead EstatesCasa BlancaCheney PlaceCinco SolesClearwater HillsColonia MiramonteCypress CreekDesert Vista EstatesDoubletree EstatesEl Dorado EstatesFinisterreJokake CamelbackJudsonLa Place Du SommetLas BrisasLincoln heightsMartingale FarmsMerril CantatierraMontana De Bonitas CasasMountain View EstatesMummy Mountain ParkPalo Verde FoothillsParadise Canyon FoothillsParadise HillsParadise Mansion Estat...
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By Erik Walbot, "Doing Real Estate Better"
(The Walbot Group )
Camelback Mountain Homes for sale in real time always. View Camelback Mountain Homes & information on Camelback Mountain Real Estate with no red tape or registration Just one click below and you have constant feed and the pulse of what is happening in Camelback Mountain Real Estate and all of the beautiful Camelback Mountain Homes.See what Camelback Mountain Real Estate pricing is doing. BOOKMARK the page after you click the Camelback Mountain Real Estate link to stay on top of Camelback mountain real estate.CLICK HERE BELOW FOR CAMELBACK MOUNTAIN REAL ESTATE LIVE INFORMATIONhttp://armlslistings.marketlinx.com/portal/?PID=935801&MID=EW056 By Clicking on one of the Pins on the Map in the you will receive the following Additional home features like year built, taxes, and A LOT MORE  Full ...
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By Chris Cohan
(Countrywide Home Loans)
Don't forget to sign up for my weekly newsletter.  My newsletter is designed to keep you updated with information like this:Risks favor:  Locking  as Prices Press Against a Brick Wall  Current Price of FNMA 6.0% Bond: $101.53, +3bp   The saying goes "Don't fight the Fed", and after favorable comments by Fed Chief Ben Bernanke in his speech last night, as well as a tame read on inflation this morning by way of the Core PCE, another Fed cut on December 11th is in the bag.  The question of whether the cut will be .25% or .50% should be highly influenced by next Friday's Jobs Report.   In other comments, Bernanke stated the housing slump and related mortgage problems are "adding greater than usual uncertainty to the economic outlook.  These developments have resulted in a further tightening...
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By Chris Cohan
(Countrywide Home Loans)
Risks favor:  Cautiously Floating as Bond trades just above support at 50-day Moving Average Current Price of FNMA 6.0% Bond:  $99.97 -3bp   Yesterday's Fed Meeting Minutes pressured Bonds lower - why?  The main reason was the less vigilant tone towards inflation.  The Fed didn't change their bias, but the fact that the Fed showed increasing concern on economic growth and was less vocal on the threat of inflation had Bond traders thinking that nobody is in the Bond's corner if inflation is allowed to emerge.Speaking of inflation, since the Fed rate cut in September, the value of the US Dollar has declined against foreign currencies and this is inflationary.  How?  The US Dollar's decline makes things overseas cost more because you need more US Dollars to purchase the same item.  This do...
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By Chris Cohan
(Countrywide Home Loans)
Risks favor: Cautiously Floating as Bond clings to support at 200-day Moving Average Current Price of FNMA 6.0% Bond:  $100.09, Unchanged   After trading beneath the 200-day Moving Average earlier this morning, Bond prices have now bounced back higher and are presently resting right on this important floor of support.   Sub-prime mortgage woes are back in the news this morning after Citigroup Bank forecasted a sharp decline in third-quarter profit and Switzerland 's largest bank, UBS SA, reported it would post a pretax loss of up to $690 million in the third quarter.  Both companies cited losses related to deteriorating conditions in Mortgage-Backed Securities, US Sub-prime mortgages and the credit markets overall. Traders are now waiting for this morning's important data on the health ...
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Are you considering listing your luxury home in Paradise Valley? Which realtor you choose to list your luxury home is of the utmost importance. While luxury home buyers are generally immune to market swings, they number far less than the "typical" home buyer. That makes marketing your luxury home listing in Paradise Valley crucial. At The Lusso Group, we research where buyers come from and let that dictate our marketing. We'll won't simply stick your house on the MLS and wait it out. We have a comprehensive 12 point marketing plan to maximize your home's exposure, actively capture buyers, and get other Paradise Valley realtors working to sell your home. If you're looking for a company to list your luxury home in Paradise Valley, give us a few minutes to present our listing program to yo...
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