Jon Mirmelli | June 2021 | Digital Newsletter

JON MIRMELLI REAL ESTATE GROUP

FEATURED LISTINGS

June 2021

JUST

LISTED

FOR SALE

CASABELLA PATIO HOMES

7351 E Mclellan Blvd. | Scottsdale, AZ 85250 3 Beds | 2.5 Baths | 2,795 SQFT | $942,000

E GROU AT

Jon Mirmelli 602.300.1900

JM

AL ES T RE

PRESENTED BY

JON M MELLI IR

P

A NOTE FROM

JON JUNE 2021

Slight increase in Supply, but still very difficult market for Buyers:

As I write this (5/21), there are 4,100+ homes listed as active and 650 Coming Soon listings in the MLS for Maricopa County - last month on 4/19 there were 3,600+ active listings and 700 coming soon listings. Coming Soon listings are marketed in our MLS, but they do not show up in typical consumer sights like Zillow, Realtor.com & Redfin. There currently are 10,200+ homes under contract that are not yet closed (400+ decrease from same period last month). We are still not seeing a sufficient number of homes available to meet buyer needs and most sales being negotiated are still looking for postpossession agreements so the Sellers have time to find their next home (either to buy or rent).

Chart below has some has a few interesting things to take note of and watch:

• Under Contract price is starting to fall a bit and actual sales prices are exceeding under contract prices.

• The spread of closing price is growing over list price when went under contract (over asking offers that closed).

• As the green line crosses the red line we need to monitor and look for indicators to see if just a blip or if demand is cooling / buyer pushback on increased list prices.

• I personally don’t feel reduction of demand in the market now, but anticipate that June/July temperatures will take more steam out of the buyer’s enthusiasm.

• Until there is a sharp increase in inventory supply anticipate more of the same

New Broker & Office Location: On May 20th I officially moved my license and office to My Home Group located at 8360 E. Raintree Dr, Scottsdale 85260. There are many great things about new broker, location and co-workers. My Home Group is located right next to Scottsdale Gun Club and K O’Donnell’s restaurant at Raintree & Northsight off HWY 101 Raintree exit. Ping me if you want to stop by for a tour, grab a drink or perhaps slip in some range time at the gun club.

Thank you for your continued referrals and trust: I have to thank you all for continuing to refer me to your friends and family. Without you I would not be where we are today and I am thankful to have the experience from over $325,000,000 of sales to guide my clients forward. Thru May 2021, I will have closed over $25,000,000 in 2021 sales. About an equal split of clients with buyer purchases and listings represented. For me, it has been a very busy year. Each day starts with early rise, scrub inventory changes and looking for off market opportunities for buyers looking for the right homes, then meditation via exercise as I plan the day. I’m blessed that I love what I do and really work hard to help my clients by exceeding expectations and hope to bring some fun along the way! Speaking of fun, I will be looking to do a June volunteer day at St. Mary’s Food Bank. Please let me know if you would like to join. I’m trying to do a packing event there with friends every other month. Only a few hrs and very rewarding and fun. If you want to make a donation to them there is a direct link on my website jonmirmelli.com Every $ donated helps provide 7 meals to families in need.

All the best,

Jon Mirmelli

ZIP CODE

SCOTTSDALE

HOMES RECENTLY SOLD

JUNE 2021 04/22/21 – 05/22/21

# OF CLOSED LISTINGS

E GROU AT

PRESENTED BY

JM

Jon Mirmelli Real Estate Group AVERAGE SOLD PRICE

AVERAGE SALE/LIST PRICE

AL ES T RE

CLOSED

JON M MELLI IR

MARKET WATCH

P

AVERAGE $/SQFT

AVERAGE DOM

85266

77 $1,404,010 100.1% $349.99 50

85255

185

85262

85254

85260

85259

85258

85250

85251

128

$1,448,406

100%

$389.29

68

135

$771,761

100.2%

$335.29

29

$1,434,258

108

100.2%

$738,777

65

100.3%

$1,004,701

130

100.2%

$717,299

74

100.1%

$628,936

100.1%

$395.82 $329.53

$332.59

$340.45

$333.75

37

21

30

34

24

151 $656,663 100% $368.66 44

FOUNTAIN HILLS 85268

148 $764,797 100.1% $277.44 41

PARADISE VALLEY 85253

88 $3,024,148 98%

$555.66 122

ARCADIA/BILTMORE 85016 85018

98 $567,028 100.1% $310.81 39 111

$1,286,216

100%

$420.42

36

ZIP CODE MAP

77

SCOTTSDALE

128

homes closed

homes closed

185

homes closed

135

homes closed

108

homes closed

65

homes closed

148

homes closed

119

homes closed

88

homes closed

98

homes closed

74

homes closed

111

homes closed

151

homes closed

The properties on this list have been listed/sold by various members of the MLS. If your home is currently listed, this is not a solicitation for that listing.

Data reported is based upon sales information provided by the MLS as of May 22, 2021. Data deemed to be reliable but not guaranteed. Each office is independently owned and operated.

MARKET

WATCH

MIRM

LISTED

PRESENTED BY

Jon Mirmelli Real Estate Group

Jon Mirmelli Real Estate Group - Active, Pending, Closed

Need help selling your existing home or looking to buy? Please call Jon today! Referrals always appreciated.

CLOSED

FEATURED

LISTING

Gainey Ranch

Casabella

7272 E Gainey Ranch Rd. 71 Scottsdale, AZ 85258 2 Beds | 2.5 Baths | 1,603 SQFT | $585,000

7351 E Mclellan Blvd. | Scottsdale, AZ 85250 3 Beds | 2.5 Baths | 2,795 SQFT | $942,000

R

are opportunity in the heart of Scottsdale - this Casabella patio home has an ideal floor plan with 3bd/2.5 baths (split master) - no interior steps! Located minutes from great retail / restaurants off Scottsdale Rd & Lincoln, this privately gated home has a great setup with low maintenance and the community has all the amenities you will need (heated pool, spa, tennis /pickle ball courts and a recreation center for gatherings with workout facilities). This property was the builder’s model home and is a short walk to the community amenities.

Original owner and this home is well cared for.

Sands Scottsdale 8538 E Via De Encanto Scottsdale, AZ 85258 4 Beds | 3.5 Baths | 3,284 SQFT | $1,680,000

CLOSED

McDowell Mountain Ranch

Windgate Ranch

Hawknest Trail

9978 E Desert Beauty Drive Scottsdale, AZ 85255 5 Beds | 4 Baths | 4,960 SQFT | $2,055,000

Julianna Kinkade | 602.570.9171

If your home is currently listed, this is not a solicitation for that listing.

Jon Mirmelli | 602.300.1900 JonMirmelli@gmail.com | JonMirmelli.com P

JON M

JM

MELLI IR

Jon Mirmelli Real Estate Group

8671 E Eagle Claw Drive Scottsdale, AZ 85266 4 Beds | 4.5 Baths | 3,879 SQFT | $1,520,000

E GROU AT

15931 N 102nd Place Scottsdale, AZ 85255 4 Beds | 2.5 Baths | 2,316 SQFT | $645,000

CLOSED

AL ES T RE

CLOSED

CLOSED

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