Jon Mirmelli | March 2021 | Digital Newsletter

JON MIRMELLI REAL ESTATE GROUP

FEATURED LISTINGS

March 2021

JUST

LISTED

NOW PENDING

Guard Gated Windgate Ranch

9978 E Desert Beauty Dr, Scottsdale, AZ 85255 5 Beds | 4 Baths | 4,960 SQFT | $1,999,900

E GROU AT

Jon Mirmelli 602.300.1900

JM

AL ES T RE

PRESENTED BY

JON M MELLI IR

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FEATURED

LISTINGS

WINDGATE RANCH

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9978 E DESERT BEAUTY DR, SCOTTSDALE, AZ 85255 5 Beds | 4 Baths | 4,960 SQFT | $ $1,999,900

AGNIFICENT MOUNTAIN VIEW HOME with resort style backyard & outdoor living spaces in highly sought after guard gated Windgate Ranch. Large lot .41 acres. 5bd/4ba + office, flex room & large loft game area. Tastefully designed and updated with lots of upgrades throughout - see floor plan and site plan in photos. Sale includes Control 4 home automation system. Windgate Ranch offers 24 hr guarded access, nearly 6 acres of green space, walking trails and nearby hiking trails, playgrounds, picnic ramadas, tennis, pickleball, basketball and sand volleyball courts. 3 community pools with poolside cabanas and a members clubhouse with full kitchen, bar, pool table, teen center. Not a community nearby at this great value. Near great schools (public & private), restaurants and HWY 101!

BILTMORE HEIGHTS

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3318 E GEORGIA AVE, PHOENIX, AZ 85018 4 Beds | 3.5 Baths | 2,659 SQFT | $1,475,000

ARE OPPORTUNITY - semi custom home fully remodeled in 2019 with more updating / improvements done in 2020. 4bd/3.5ba split floor plan with resort style backyard. European style gourmet kitchen perfect for the home chef features built in pizza oven, grill, 6 burner gas range with 2 ovens and grill top and pot filler. Upgraded cabinets and quartz counters and center island. Professional details everywhere, vaulted ceilings, wood floors, wanescoating,dual pane windows. Fireplace with heat feature in living and master bedroom. Look out the French doors from the bedrooms to the beautiful landscaped yard with pool & water feature. Large patios off the master, living & bedroom/den with outdoor kitchen with grill and eating area + new outdoor spa, fireplace, etc.

HOMES RECENTLY SOLD

MARCH 2021 01/22/21 – 02/22/21

ZIP CODE SCOTTSDALE 85266 85262 85255 85254 85260 85259 85258 85251

# OF CLOSED LISTINGS

AVERAGE SOLD PRICE

42 78 186 91 90 49 90 125

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Jon Mirmelli Real Estate Group

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CLOSED

PRESENTED BY

JON M MELLI IR

MARKET WATCH

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AVERAGE SALE/LIST PRICE

AVERAGE $/SQFT

AVERAGE DOM

99% 98% 99% 99% 99% 99% 99% 99%

$334.93 $354.52 $352.34 $300.53 $281.49 $283.72 $310.06 $325.22

78 117 59 53 49 53 52 80

$ 1,101,699 $1,435,912 $1,325,977 $722,479 $645,252 $855,595 $598,788 $558,962

FOUNTAIN HILLS 85268 96 $660,498 100% $254.41 61 PARADISE VALLEY 85253 60 $2,023,742 98% $473.39 85250 64 $534,330 98% $283.60

99 40

ARCADIA/BILTMORE 85016 76 $561,561 98% $282.39 69 85018 92 $988,479 98% $356.42 76

ZIP CODE MAP SCOTTSDALE

42

78

homes closed

homes closed

186

homes closed

91

homes closed

90

homes closed

49

homes closed

90

homes closed

60

homes closed

76

homes closed

64

homes closed

92

homes closed

125

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 January 24, 2021. Data deemed to be reliable but not guaranteed. Each office is independently owned and operated.

96

homes closed

is starting out on fire!

2021 2020 residential sales ended very strong, but 2021 so far has broken all

What could change this? It’s hard to see how 2021 can’t be better off than 2020 thanks to COVID-19. One of the main benefits of owning real estate right now is the ability to have fixed interest rate loans with rates between 2.5% - 3.5%. If interest rates rise, there will be an impact on what people can afford to buy. Many of the current buyers are buying with cash and with less people leaving the market, supply should still be under pressure. Home builders have projects planned, but there are constraints on labor and materials so as the new homes come to market, there will be more buyers than existing supply and land availability close to our main amenities. People in large metro areas are tired of lockdowns, high property taxes, State income taxes, harsh weather, etc. and with AZ a bargain to these people, the floor has been raised in AZ. It’s a blessing to be able to live and reside in AZ especially in 2021.

Please call me if you’d like to talk more about the market. “Coming soon” means going to sell quickly! I’m blessed to have 40+ yrs in AZ with many great friends, clients and relationships in our Valley. Please also continue to contribute your time and resources to St. Mary’s Food Bank.

Last year, we helped with a few fundraisers that generated $90k (630,000 meals). No matter how good it seems, there is always a need to support our community. 2020 has not been good for all and SMFB is very efficient with donations they receive. I will be planning more group events in 2021 to volunteer and would be honored to have you join me.

Thank you, Jon Mirmelli

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

SOLD 19964 N 101ST PL, SCOTTSDALE, AZ 85255 4 Beds | 4.5 Baths | 4,881 SQFT | $2,342,500

SOLD 5104 E WAGONER RD, SCOTTSDALE, AZ 85254 4 BEDS | 2.5 BATHS | 3,053 SQFT | $755,000

PENDING 10105 E BAYVIEW DR, SCOTTSDALE, AZ 85258 3 Beds | 2.5 Baths | 2,848 SQFT | $849,500

Jon Mirmelli Real Estate Group Julianna Kinkade| 602.570.9171

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

JON M

JM

MELLI IR

Wishing you all the very best,

Need help selling your existing home or looking to buy?

Please call Jon today! Referrals always appreciated.

E GROU AT

How can that be? More people moving than leaving Arizona is the bottom line, but all of the factors above are making this a great market for sellers that want/need to move. AZ is ranked at the top or near the top of all forecasts for increased inbound buyers coming from top metro cities. In February alone, 3 out of 4 of my clients buying have their primary residence in IL and CA and these clients intend to have these homes as second homes with plans of shifting more permanently to AZ in next 3 to 5 yrs. Why? AZ is the best State of course! Maricopa County is the largest county in the USA by land area and relatively spread out providing us all with more spacing per residence and property ownership costs lower than most thriving cities. Fortunately, I was able to secure 3 homes in February for clients before they were officially on the market and have two new listings that are getting requests from buyers before they are even listed.

Jon Mirmelli Real Estate Group

AL ES T RE

As I write this (2/22), there are only 3,100+ homes available in Maricopa County that are listed as active in the MLS system compared to 10,800+ pending sales (homes under contract that are not yet closed) – a 3.5 to 1 ratio of pending to available homes.

MIRM

past records and all indicators lead to more records in sales. There are several factors that are driving this: demand > supply, low interest rates, record breaking inbound buyers, working from home and needing more space, etc.

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