July 2010
ARIZONA IS ON SALE! BUY IT BEFORE IT’S GONE! In the current economic downturn, Sandra Wilken Luxury Properties looks for the silver lining and finds the best deals on sales throughout The Valley for our clients. With a record number of foreclosures and trustee sales, there is an opportunity for investors! And, who doesn’t like a good bargain? Arizona is on sale! For those who have rented in Gainey Ranch and are finally thinking of buying, have family attending ASU, or are Spring Training fans, it is a great time to consider purchasing. We are now seeing positive annual appreciation rates (an increase of .03%) again for the first time since 2006. Last month distressed properties in Scottsdale, (defined as bank owned or short sale, in zip code 85258) accounted for 44% of all the listings sold. The currently active listings show distressed properties at 23% of inventory. That is good news if you currently have your home listed on the market as there are fewer distressed properties on the market. Also good news for investors to purchase the distressed property inventory before it dries up. † SWLP has a Certified Distressed Property Expert (CPDE) to help you understand the process of buying and selling short sales and/or buying bank owned property. A few examples of what we have been able to find for our investors: a custom home in North Scottsdale originally listed at $1,795,000 and purchased for $880,000. An acre lot in Paradise Valley with a view of Camelback purchased at $475,000 and originally valued at $1,650,000. A townhome in the Midtown Phoenix originally purchased for $375,000 and sold for $130,000. These are just a few of the amazing purchases our clients are making throughout The Valley. Whether investing or selling, SWLP is here to help you. The scope of our service includes: • Private, confidential consultation with a Distressed Property Expert • Referrals to attorneys and accountants who specialize in distressed real estate • Search and evaluation of target investment properties • Negotiating the best terms and price for your financial situation
WWW.SANDRAWILKEN.COM
FEATURED PROPERTY
7878 E. GAINEY RANCH RD. #11 4 bedrooms | 3.5 bathrooms | 4,318 sq. ft | $1,299,900
Best quality and value in The Enclave. Completely remodeled in 2010 with new wood floors, marble and granite countertops, light fixtures and hardware, updated kitchen and kitchen appliances, refinished cabinetry, carpet, paint and much more! Spectacular views of the 3rd fairway of the Arroyo Golf Course. You don’t want to miss it!
Sandra Wilken Luxury Properties continues to have the best values and most home sales in GAINEY RANCH SOLD BY SWLP IN THE LAST 12 MONTHS:
Address 7700 E. Gainey Ranch Rd. #222 7222 E. Gainey Ranch Rd. #202 7222 E. Gainey Ranch Rd. #119 7400 E. Gainey Club Dr. #236 7525 E. Gainey Ranch Rd. #202 7878 E. Gainey Ranch Rd. #48 7878 E. Gainey Ranch Rd. #45 7378 E. Del Acero Dr. 7878 E. Gainey Ranch Rd. 10005 N. 78th Pl. 7525 E. Gainey Ranch Rd. #158 7878 E. Gainey Ranch Rd. #60 7475 E. Gainey Ranch Rd. #6 7475 E. Gainey Ranch Rd. #2 9894 N. 79th Pl. 7475 E. Gainey Ranch Rd. #3
CURRENTLY FOR SALE:
SANDRA WILKEN President & Designated Broker Phone: 480.596.0001 sandra@sandrawilken.com
8777 N GAINEY CENTER DRIVE • SUITE 178 SCOTTSDALE, AZ 85258 † All statistics from Cromford Report and reflect actual data from ARMLS (Arizona Regional Multiple Listing Service. †† The real estate market is cyclical and real estate values go up and down. SWLP does not guarantee real estate values.
If your home is currently listed, this is not a solicitation for that listing.
Address 7400 E. Gainey Club Dr. #116 7222 E. Gainey Ranch Rd. #202 7222 E. Gainey Ranch Rd. #210 8989 N. Gainey Center Dr. #148 7283 E. Vaquero Dr. 7740 E. Gainey Ranch Rd. #5 9853 N. 79th Pl. 7878 E. Gainey Ranch Rd. #11 7878 E. Gainey Ranch Rd. #40 9905 N. 78th Pl. 7475 E. Gainey Ranch Rd. #31 7475 E. Gainey Ranch Rd. #21 7785 E. Vaquero Dr.
Sq. Ft. / Bed / Bath 1392 / 2 / 2 1695 / 2 / 2 1656 / 3 / 3 1869 / 2 / 3 2757 / 3 / 2.5 2963 / 2 / 3 3307 / 2 / 2.5 3472 / 3 / 3 4318 / 4 / 3.5 3704 / 2 / 3 2878 / 3 / 2.5 4742 / 4 / 3.5 6050 / 4 / 4.5 4516 / 4 / 4.5 4463 / 5 / 5.5 4313 / 4 / 5
Sold Price $300,000 $350,000 $440,000 $515,000 $550,000 $690,000 $700,000 $785,000 $850,000 $865,000 $875,000 $1,350,000 $1,425,000 $1,750,000 $1,800,000 $2,100,000
Sq. Ft. / Bed / Bath 1818 / 2 / 2 1695 / 2 / 2 1695 / 2 / 2 2113 / 3 / 3 1693 / 2 / 2 3200 / 3 / 3.5 5216 / 5 / 5.5 4318 / 4 / 3.5 3638 / 3 / 3.5 4230 / 4 / 3.5 4325 / 3 / 4.5 5703 / 5 / 4.5 8020 / 5 / 5.5
List Price $424,000 $449,000 $469,000 $550,000 $595,000 $799,000 $1,150,000 $1,299,900 $1,399,000 $1,695,000 $1,775,000 $1,995,000 $2,675,000
Listings in bold represent properties with a status change, recently reduced or new to the market. All information is deemed reliable but not guaranteed.
Produced by Desert Lifestyle Publishing • 480.460.0996 • www.DesertLifestyle.net
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