Paradise Valley Gated May 10

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Philanthropic Roots

May 2010

Working for a company rooted in philanthropy continuously reminds me of perspective. With over $300,000 donated to numerous community charity partners, our unique platform of consistent philanthropic donations supports our community through each real estate endeavor. Each of my successful real estate transactions results in a donation to Phoenix Children’s Hospital or a worthwhile Arizona charity of your choice that benefits those far less fortunate than you and I. If you are considering selling over the next few years, call me and we can discuss maximizing your interests well ahead of time. If you know someone who might like to obtain the Paradise Valley lifestyle for today’s new prices, please have them call me. If you want some additional information on the fine charities you see highlighted in each issue – call me and I’ll never even ask you about buying or selling real estate!

Brief Market Data for Paradise Valley (Inclusive of non-gated areas as well)

• The median home price of Paradise Valley homes is $1.315M versus $1.300M last month, $1.350M last quarter, $1.650M last year and $1.975M two years ago. • The average home in Paradise Valley sold for 89% of list price last month, last quarter and last year. • The price per square foot for all listed Paradise Valley homes is $460.95. The price per square foot for the 28 properties currently in escrow is $274.83. • The sales per month in Paradise Valley have averaged 28 homes for the last three months. The average for the last two years was 19 homes per month. (This stat is staying up.) • The number of Paradise Valley homes listed for sale has held steady for six months now. (Once again this stat is better than if listings were increasing.) After looking at the statistics above it’s natural to feel disappointed. But as much as we may pine for the values of 2004-2008, our desires don’t affect value. “Perception is not what is, … it’s what man thinks is.” In our market today, the perception of home values has changed. As much as we don’t embrace this change, we must remember that values are what the market will bear. If you are curious about concrete quantifiable information with which to make your individual informed real estate decisions, you will not find a more interesting statistical analysis than I can provide. One particular set of data I compile will empower you with some simple knowledge you will not find elsewhere. Call me at your convenience.

Most Recent Sales in Paradise Valley Gated Communities (Since last issue)

KEVIN WEIL

Certified Luxury Home Marketing Specialist Mobile: 602.793.7492 E-Mail: Kevin@KevinWeil.com THE WILLIAMS REAL ESTATE COMPANY 10605 N. Hayden Rd. Suite G-120 Scottsdale, AZ 85260

Subdivision Mountain Shadows Resort Clearwater Hills Estates at Lincoln Cheney Place Colonial Miramonte Montelucia La Place du Sommet

Address 5525 E. Lincoln Dr. #102 7319 N. Clearwater Pkwy. 6363 N. 48th St. 7407 N. 71st Pl. 5434 E. Lincoln Dr. #52 4949 E. Lincoln Dr. #21 7473 N. 58th Pl.

Sq. Ft. / Bed / Bath 3300 / 4 / 4 3375 / 3 / 3.5 5860 / 5 / 5 4980 / 5 / 5.5 3162 / 3 / 3.5 4767 / 5 / 5.5 6175 / 4 / 5

Sold Price $920,000 $1,000,000 $1,275,000 $1,400,000 $1,400,000 $1,900,000 $2,500,000

All information is deemed reliable but not guaranteed. 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

GIVING IT FORWARD Be Inspired to Help Others in Need

A Real-Life Hero

Meet PCH’s Dr. Buchhalter

Thirsty to Help?

Donate Water to Save Lives www.KevinWeil.com


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