LIFESTYLE E S TA N C I A
September | October 2021
Mid-Summer Real Estate Snapshot
Exclusively Presented By Luxury Property Group
Custom Homes
Estancia Mid-Summer Real Estate Snapshot
W
e’re pleased to provide our annual “Mid-Summer Real Estate Update” and with the overall health concerns related to COVID-19, we hope that you are all healthy, happy and enjoying the summer. First, we want to share with you the success of your on-site real estate team. Debbie Negrin, Jay Pennypacker and Will Foote (Luxury Property Group) have sold over $285 million in real estate during the last year. We were involved in 41 transactions in Estancia and an additional 101 transactions outside the gates. Our production places us in the Top 1% for real estate sales teams in the United States. Our team continues to outperform all other real estate teams with the highest volume of sales and number of transactions in Estancia. We were involved in over 75% of the $125 million in sales in Estancia during the last 12 months and homes consistently sell at a higher price per square foot with our team. Over the past two decades our team members have been involved in over 341 transactions behind the gates of Estancia. Luxury Property Group is a boutique real estate group offering personalized customer service that exceeds the expectations of our clients, which is consistent with the brand and identity of The Estancia Club. We have a deep understanding of the Estancia lifestyle which enables us to deliver the best marketing platform and sales results in the community and beyond.
Estancia Market – HOMES Overall there have been a total of 40 homes sold in the community during the last 12 months compared to 14 during the previous year when we include both CUSTOM homes and LaScalas. This establishes the annual record for total home sales in the community. Currently there are 2 homes pending sale in Estancia that will close later this month.
30
$1,800,000 TO
$7,025,000
During the last 12 months there have been a total of 30 CUSTOM home sales compared to 11 the previous year; a 173% increase from the total last year. The average sale price for CUSTOM homes in Estancia during the last 12 months is $3,734,737, which is up 4% from the previous year. CUSTOM home sales pricing ranged from $1,800,000 - $7,025,000. Finally, there were 10 LaScala sales over the last 12 months, compared to 3 sales during the previous 12 months. The average sale 7 price for LaScalas is $1,718,500 with sales prices ranging from $1,050,000 - $3,525,000.
Estancia Market – LOTS During the last 12 months there have been 3 lot sales, which is down from the previous year when 8 lots closed. However, the average sale price has increased by 16% finishing at $1,056,667 this year versus $965,000 last year.
LOTS:
# SOLD 3
AVERAGE PRICE $1,056,667
Overall Luxury Market in North Scottsdale When we review the luxury HOME market in North Scottsdale we utilize the 85262 and 85266 zip codes and include homes that closed at $1,000,000 or greater. In this market volume has continued to improve with a whopping 163% increase in sales volume, while the average sales price has increased by 12% during the last 12 months. Overall, 887 homes have sold in the last 12 months compared to 337 sales during the previous 12 months. Average sales price is $1,958,999 this year compared to $1,745,776 last year. Furthermore, the average sale price per square foot has increased by 16% averaging $411 this year compared to $355 last year. As it relates to the ultra luxury market that includes sales over $3,000,000, there were 124 sales this year compared to 29 during the previous 12 months; a 328% increase. Listed to the right are the detailed statistics for Estancia sales this year.
LUXURY | DEFINED
Estancia
2020/2021 STATS Total Home Sales
LPG Representation
32
21
Custom Homes
SALES
SQ. FT.
LPG REPRESENTED
SALE PRICE
DATE CLOSED
Lot 239 Lot 140
4415 3685
Seller Seller
$1,800,000 $1,900,000
2/24/21 5/14/21
Lot 28 Lot 47
5907 8055
Seller
$2,100,000 $2,600,000
12/10/20 5/13/21
Lot 29 Lot 40
6563 5104
Seller Seller
$2,900,000 $2,900,000
11/12/20 3/15/21
Lot 37 Lot 193 Lot 65
5766 5089 6438
Seller
$3,085,000 $3,095,000 $3,100,000
11/30/21 12/28/20 6/7/21
Lot 176 Lot 34
4773 7504
$3,100,000 $3,125,000
6/28/21 12/7/20
Lot 46 Lot 237 Lot 207
5779 7538 4111
$3,138,000 $3,150,000 $3,200,000
8/31/21 1/14/21 9/25/20
Lot 27 Lot 200
5095 5193
Seller Seller
$3,250,000 $3,350,000
4/19/21 11/12/20
Lot 190 Lot 31 Lot 167
5200 5985 5422
Buyer/Seller Buyer
$3,425,000 $3,550,000 $3,705,000
4/30/21 6/15/21 3/1/21
Lot 80 Lot 171
8743 7338
$3,750,000 $3,900,000
12/21/20 11/10/20
Lot 166 Lot 164 Lot 254 Lot 38 Lot 163 Lot 266 Lot 158/159
5004 5240 5035 5650 5779 7080 9892
Buyer/Seller Buyer/Seller Buyer/Seller Buyer/Seller Buyer/Seller Seller Seller
$3,950,000 $3,950,000 $3,950,000 $4,200,000 $4,500,000 $4,750,000 $5,000,000
8/24/21 10/12/20 1/15/21 12/2020 Pending Pending 1/7/21
Lot 196 Lot 234 Lot 203 Lot 201
7132 5559 4875 5401
Seller
$5,000,000 $5,950,000 $6,500,000 $7,025,000
5/7/21 2/5/21 5/25/21 3/5/21
Seller
Buyer/Seller Seller
Current Custom Home Market Active | 8
Avg. List Price | $4,880,000
Total Villa Sales
LPG Representation
10
10
Avg. Price per Sq. Ft. | $784
Villas
SALES
SQ. FT.
LPG REPRESENTED
SALE PRICE
DATE CLOSED
Lot 120 Lot 121 Lot 109 Lot 112 Lot 94
2846 2846 2846 2846 4279
Seller Buyer Buyer/Seller Buyer/Seller Buyer
$1,050,000 $1,100,000 $1,175,000 $1,200,000 $1,300,000
8/10/20 11/30/21 1/29/21 2/25/21 12/14/20
Lot 90
5500
Buyer/Seller
$1,500,000
5/12/21
Lot 110 Lot 105 Lot 103
2846 4450 5476
Buyer/Seller Seller Buyer/Seller
$1,735,000 $1,800,000 $2,800,000
5/14/21 12/1/20 4/30/21
Lot 87
4550
Buyer/Seller
$3,525,000
2/25/21
The luxury LOT market in North Scottsdale is measured again using the 85262 and 85266 zip codes and includes lots that have closed at $300,000 or greater. Lot pricing and sales volume has exceeded the previous year with 225 lots selling in the last 12 months compared to 83 sales during the previous 12 months; a 171% increase. Average sales price has increased slightly averaging $572,003 this year versus $566,165 last year. As it relates to days on market for luxury lots selling over $300,000, the average this year is 349 days versus 416 days to sell last year. In closing, thank you for your business and your time reading this update. Please feel free contacting any member of our team for assistance in evaluating your real estate needs. You will continue to receive the very best real estate services from our group and we will always go the extra mile for you. Warm regards,
Debbie Negrin | Jay Pennypacker | Will Foote Luxury Property Group
SAVE THE DATE! 11.03.21 Mark your calendars as we look forward to seeing you at our Annual Welcome Back Party on November 3, 2021!
Current Villa Market Active | 0
Total Lot Sales
LPG Representation
4
3
Lots
SALES
SQ. FT.
LPG REPRESENTED
SALE PRICE
DATE CLOSED
Lot 264 Lots 1,2,3
51096 196654
Buyer/Seller
$885,000 $950,000
3/2/21 5/17/21
Lot 212 Lot 160
31537 52838
Buyer/Seller Seller
$1,160,000 $1,395,000
3/12/21 Pending
Current Lot Market
Active | 1 Avg. List Price | $995,000 If your property is currently listed, this is not a solicitation to that listing. Sales data compiled from MLS.
ESTANCIA
Outside Sales NEIGHBORHOOD
SALE PRICE
LPG REPRESENTATION
Scottsdale/Old Town
$450,900
Buyer
Scottsdale/Old Town
$530,000
Seller
Flagstaff/Forest Highlands
$575,000
Buyer
DC Ranch
$685,000
Buyer
Desert Mountain
$760,000
Seller
DC Ranch
$785,000
Seller
Scottsdale
$795,000
Seller
Troon/Candlewood Estates
$825,000
Seller
Scottsdale
$845,000
Buyer
Optima Kierland
$925,000
Seller
Fountain Hills
$930,000
Buyer
Scottsdale
$939,118
Seller
Scottsdale
$1,075,000
Seller
DC Ranch
$1,150,000
Buyer
DC Ranch
$1,175,000
Buyer
Windgate Ranch
$1,190,000
Seller
Windgate Ranch
$1,225,000
Seller
DC Ranch
$1,247,000
Buyer
Optima Kierland
$1,250,000
Seller
Bellasera
$1,250,000
Seller
DC Ranch
$1,295,000
Buyer/Seller
Desert Highlands
$1,300,000
Seller
Flagstaff/Forest Highlands
$1,465,000
Buyer
Sincuidados
$1,600,000
Seller
Whisper Rock
$1,795,000
Seller
Phoenix/Arcadia
$1,812,500
Buyer
Windgate Ranch
$1,850,000
Seller
Silverleaf
$1,885,000
Buyer
Whisper Rock
$1,900,000
Seller
Desert Mountain
$1,940,000
Buyer
Whisper Rock
$1,983,000
Seller
Whisper Rock
$1,985,000
Buyer/Seller
Optima Kierland
$2,025,000
Seller
Whisper Rock
$2,080,026
Buyer/Seller
Optima Kierland
$2,141,000
Seller
Pinnacle Canyon
$2,200,000
Seller
Whisper Rock
$2,243,750
Buyer/Seller
Whisper Rock
$2,300,000
Buyer
DC Ranch
$2,325,000
Buyer
Windgate Ranch
$2,350,000
Seller
Whisper Rock
$2,395,000
Seller
Troon
$2,450,000
Seller
Whisper Rock
$2,510,000
Seller
Sincuidados
$2,550,000
Seller
Whisper Rock
$2,555,000
Seller
Desert Mountain
$2,575,000
Buyer/Seller
Whisper Rock
$2,625,000
Seller
Optima Kierland
$2,675,000
Seller
Whisper Rock
$2,700,000
Seller
Pinnacle Canyon
$2,750,000
Seller
Silverleaf
$2,900,000
Buyer
Paradise Valley/Azure
$2,949,990
Buyer
Whisper Rock
$3,050,000
Seller
Pinnacle Canyon
$3,350,000
Seller
Scottsdale/Whitehorse
$3,395,000
Buyer
Kierland Plaza Lofts
$4,100,000
Seller
Desert Mountain
$4,250,000
Buyer
Paradise Valley/Azure
$4,550,000
Buyer
Paradise Valley
$4,700,000
Seller
Paradise Valley/Azure
$5,000,000
Buyer
Paradise Valley
$7,137,000
Buyer
LAND
SALE PRICE
LPG REPRESENTATION
Whisper Rock
$300,000
Seller
Whisper Rock
$385,000
Buyer/Seller
Whisper Rock
$400,000
Buyer/Seller
Whisper Rock
$425,000
Seller
Whisper Rock
$433,000
Seller
Whisper Rock
$444,000
Seller
Whisper Rock
$470,000
Buyer/Seller
Whisper Rock
$600,000
Seller
Whisper Rock
$625,000
Seller
Whisper Rock
$625,000
Seller
Merit Crossing
$700,000
Buyer
Whisper Rock
$750,000
Buyer/Seller
Whisper Rock
$1,000,000
Buyer/Seller
Whisper Rock
$1,025,000
Buyer/Seller
Whisper Rock
$1,200,000
Seller
Whisper Rock
$1,400,000
Buyer/Seller
Paradise Valley
$4,000,000
Buyer
If your property is currently listed, this is not a solicitation to that listing. Sales data compiled from MLS.
If your home is currently listed, this is not a solicitation for that listing.
ESTA
Sales Outside Estancia
Did you know that Luxury Property Group sells real estate throughout Scottsdale and Paradise Valley? Check out the table to the left showing our sales outside of Estancia:
MIKE HOLDER
602.432.3273 c DEBBIE NEGRIN
480.734.3498 c
JAY PENNYPACKER
602.570.3962 c WILL FOOTE
480.242.2483 c
LPG-3.com Luxury | Defined
Luxury Property Group is a consistent top-producer in the luxury market and possesses an intimate knowledge of North Scottsdale. Whether you are looking to purchase a lot or home or want to sell a property you currently own, our team provides complete sales and marketing services. Produced by Prime Source & DLP • 480.921.0511 • PrimeSourceAZ.com