Between football, golf, and fantastic cars, the Valley has definitely enjoyed the spotlight in recent weeks. Now it’s time to soak up the sun and explore the opportunities of “high season.” As more people consider a move to our region, you may be in the position to make your own move. As a resident of Doubletree Canyon and a professional in the luxury home market, I can provide a complimentary consultation regarding your property. Give me a call and we can discuss your options.
Explore the Opportunities!
MARCH | APRIL 2015
HomeSweetHome
Real Estate Activity Surrounding
Doubletree Canyon
ADDRESS SQFT BED BATH LIST PRICE SOLD PRICE LIST/SOLD PER SQFT
NEIGHBORHOOD
4721 E Caron St 8818 N 47th Pl 4648 E Berneil Dr 4617 E Berneil Dr 4462 E Horseshoe Rd 5230 E Via Buena Vista 5340 E Via Los Caballos 4793 E Charles Dr
Currently For Sale
Sale Pending 4527 E Horseshoe Rd 9053 N 46th St
Recently Sold
8617 N Starling Ln 9042 N 46th St 8848 N Avenida Del Sol
4,851 4,465 5,010 4,969 7,250 6,270 5,929 11,028
4 5 5 4 5 5 5 4
3.5 3.5 4.5 4 5.5 6 5.5 5.5
$1,225,000 $1,275,000 $1,295,000 $1,385,000 $1,999,900 $2,750,000 $2,995,000 $3,995,500
$252.53 $285.55 $258.48 $278.73 $275.85 $438.60 $563.39 $362.31
Tatum Foothills Doubletree Canyon Tatum Foothills Tatum Foothills Doubletree Canyon Mocking Bird Lane Estates Mocking Bird Lane Estates Paradise Valley Estates
5,475 4 4,309 5
5.5 3.5
$1,378,000 $1,400,000
$251.69 $324.90
Doubletree Canyon Tatum Foothills
3,516 4 4,500 4 7,848 5
3 3.5 6.5
$1,100,000 $312.86 $1,319,000 $293.11 $2,750,000 $350.40
Doubletree Canyon LIFESTYLE
sweet sailing Above deck adventures
Tatum Mountain Estates Tatum Foothills Mockingbird Lane Estates
• The annual average sales price increased 7% from $232,967 to $249,746 • The annual median sales price gained 9% from $176,000 to $192,000
A New Normal for the Real Estate Market? Associate Broker, JD 602.733.2396 Direct Debbie.Perelman@russlyon.com
DebbiePerelman.com
Many sellers and new home developers were disappointed with the 2014 real estate market, but according to Michael Orr, Principal of the Cromford Report, it was merely a normal and rather uneventful period for Metro Phoenix. In this volatile market, normal and uneventful felt a little strange.
Sales volumes were lower in 2014, especially for single-family homes, with an increasing trend towards condos, townhomes and mobile homes. In stark contrast to the rest of the market, high end luxury homes had a second consecutive excellent year, buoyed by a rising stock market and availability of jumbo financing at very attractive terms to well qualified borrowers.
Compared to the previous year, 2014’s numbers were as follows:
Unemployment is declining and job growth improving, which will probably shift demand gradually away from renting and towards ownership. As a result, Orr speculates that it’s very likely 2015’s demand will be higher than 2014. The Greater Phoenix housing market has entered a period of stability with a normal balance between buyers and sellers.
• The annual average price per sq. ft. rose by 8% from $118.48 to $128.11
– Michael Orr is the Director of Real Estate Studies at ASU & Principal of The Cromford Report
All information is deemed reliable but not guaranteed. 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.
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
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Doubletree Canyon Real Estate Report
Presented By Debbie Perelman 602.733.2396 Debbie.Perelman@russlyon.com