LPG Group | Whisper Rock | Sept/Oct 2021 Digital Newsletter

LIFESTYLE WHISPER ROCK ESTATES

September | October 2021

Mid-Summer Real Estate Snapshot

Exclusively Presented By Luxury Property Group

per square foot has increased during the last 12 months finishing at $445 per square foot this year versus $417 per square foot last year; a 7% increase. Currently there are 3 homes pending sale.

Whisper Rock 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. Will Foote, Mike Holder, Jay Pennypacker and Debbie Negrin (Luxury Property Group) have sold over $285 million in real estate during the last year. We were involved in 31 transactions in WR Estates and an additional 104 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 groups with the highest volume of sales and number of transactions in WR Estates. We were involved in over 65% of the $68 million in sales in WR Estates 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 209 transactions behind the gates of WR Estates!

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 WR Estates. We have a deep understanding of the WR Estates lifestyle which enables us to deliver the best marketing platform and sales results in the community and beyond.

WR Estates Market – HOMES During the last 12 months there have been a total of 23 home sales compared to 15 home sales the previous year. The average sale price for homes in WR Estates has increased by 9% over the last 12 months averaging $2,338,425 this year versus $2,154,573 last year. Additionally, the average price

LUXURY | DEFINED

HOMES:

# SOLD 23

AVERAGE PRICE $2,338,425

WR Estates Market – LOTS The lot market has jumped significantly during the last year compared to the previous 12 months. 23 lots sold this year versus 4 lot sales last year. The average lot sale price during the last 12 months is $672,133 which is 51% increase over the previous year average of $446,250.

LOTS:

# SOLD 23

AVERAGE PRICE $672,133

WR Estates – THE VILLAS During the last 12 months we have sold all 9 of The Villas at WR Estates which are built by Platinum Homes and designed

by PHX Architecture.

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. This market 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 sale prices over $2,500,000, there were 194 sales this year compared to 48 during the previous 12 months; a 304% increase.

Listed to the left are the detailed statistics for WR Estates sales this year.

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.

All the best from your On-Site Real Estate Team,

Will Foote | Jay Pennypacker | Mike Holder | Debbie Negrin Luxury Property Group

WHISPER ROCK

WHISPROC

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 Whisper Rock Estates:

MIKE HOLDER

602.432.3273 c DEBBIE NEGRIN

480.734.3498 c JAY PENNYPACKER

602.570.3962 c WILL FOOTE

480.242.2483 c

WhisperRockEstates.com North Scottsdale living at its finest.

The Whisper Rock lifestyle is relaxed and inviting within an extremely low-density, high-service neighborhood featuring timeless regional architecture. On-site amenities include a 3-acre private park with tennis courts, a basketball court, a BBQ ramada, a 2,500 square foot fitness facility, and a lap-sized heated pool and spa.

Luxury Property Group is a consistent top-producer in the luxury market and possesses an intimate knowledge of North Scottsdale and Whisper Rock Estates. Whether you are looking to purchase a lot or home in Whisper Rock or want to sell a property you currently own, our on-site team provides complete sales and marketing services.

Whisper Rock Estates | 480.242.2483 | On-Site Sales Office | LPG@RussLyon.com If your home is currently listed, this is not a solicitation for that listing.

Produced by Prime Source & DLP • 480.921.0511 • PrimeSourceAZ.com