Luxury Property Group | Whisper Rock Estates Lifestyle

Real Estate Activity in Whisper Rock Estates Homes Currently For Sale ADDRESS 33323 N Vanishing Trl 7298 E Lower Wash Ps 8200 E Tortuga View Ln 33296 N Vanishing Trl 7315 E Lower Wash Ps 8093 E Tortuga View Ln 8116 E Tortuga View Ln 7378 E Lower Wash Ps 33262 N Vanishing Trl 7486 E Sonoran Trl 33347 N Vanishing Trl 8525 E Whisper Rock Trl

Homes Sold

7486 E Sonoran Trail 4 Bed | 4.5 Bath | 5,143 SQFT | $2,300,000

Enchanting Spanish Hacienda style home, designed and built by award-wining Casas Del Oso • Located in WR Estates on a 1.4 acre lot with privacy and dedicated open space • Meticulous details and thoughtful design combine to create a true custom residence • Entry courtyard with fireplace, fountain and entrance to the guest casita • Great room design with kitchen opening to living and dining spaces • Master retreat includes office, dual bathrooms & closets, fireplace and access to the backyard • Dedicated media room with adjacent wet bar and wine room • Two additional suites in the main house with access to courtyards • Outdoor area offers generous covered patios, multiple seating/dining areas, gas fireplace, outdoor kitchen and heated pool & spa •

ADDRESS 7595 E Whisper Rock Trl 7789 E Lazy J Rd

Lots Currently For Sale

ADDRESS 7352 E Lower Wash Ps 38 8386 E Leaning Rock Rd 167 8704 E Old Field Rd 92 33042 N Solstice Way 136 7877 E Whisper Rock Trl 75 8191 E Whisper Rock Trl 183 7618 E Whisper Rock Trl 50 8459 E Old Field Rd 84 8627 Whisper Rock Trl 120 8129 E Leaning Rock Rd 194

SQFT 3,777 5,355 3,394 6,489 5,715 3,800 3,747 5,992 5,949 5,143 7,319 7,905

BED 4 4 3 5 4 3 3 4 4 4 5 5

BATH 4.5 6 3.5 7 5.5 3.5 3.5 4.5 4.5 4.5 6 5.5

LIST PRICE $1,550,000 $1,799,000 $1,845,000 $1,949,000 $1,950,000 $1,958,000 $2,070,000 $2,099,000 $2,295,000 $2,300,000 $2,795,000 $3,915,000

SQFT 4,702 7,725

BED BATH 4 4.5 5 5.5

LIST PRICE $2,749,000 $2,699,000

ACRE 1.07 1.48 2.68 1.16 3.09 3.00 1.38 2.53 2.74 2.09

LIST PRICE $370,000 $395,000 $399,000 $495,000 $575,000 $645,000 $699,000 $750,000 $950,000 $1,295,000

SEPTEMBER | OCTOBER 2016

WHISPROC

Featured Cover Property

Lifestyle WHISPER ROCK ESTATES

SOLD PRICE $2,300,000 $2,500,000

Report may not be indicative of all real estate activity.

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.

WhisperRockEstates.com JAY PENNYPACKER

602.570.3962 c DEBBIE NEGRIN

480.734.3498 c WILL FOOTE

480.242.2483 c MIKE HOLDER

602.432.3273 c If your home is currently listed, this is not a solicitation for that listing.

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 | 480.575.6305 | On-Site Sales Office Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

End-of-Summer Real Estate Update Exclusively Presented By Luxury Property Group

Custom Homes

Whisper Rock Estates End-of-Summer Real Estate Update

# SOLD 7

PRICE RANGE

$1,300,000 - $2,500,000

WR Estates Market – LOTS

The lot market is up this year with 4 lot sales compared to just 2 lot sales last year. The average lot sale price during the last 12 months is $316,250 while last year the average was $368,000. Below are statistics for WR Estates Lots:

W

e're pleased to provide our annual End-of-Summer Real Estate Update and hope that you are all happy, healthy and enjoying the summer.

First, we want to share with you the success of our team: Will Foote, Jay Pennypacker, Mike Holder and Debbie Negrin (Luxury Property Group) have sold over $75 million in north Scottsdale during the last year and with over $35 million in sales year-to-date we are on track to sell $75 million this year. Our production places us at the top for Russ Lyon | Sotheby's International Realty, which is the luxury sales leader in Arizona and the largest Sotheby's Realty affiliate in the world. We have been awarded the Lyon’s Elite award as top seller at our brokerage and have been recognized by the Phoenix Business Journal as the #10 team in greater Phoenix competing with our 4-agent team against real estate teams with more than 50 agents.

As your on-site team for WR Estates we continue to outperform all other real estate groups in WR Estates with over 80% market share for properties sold and we have represented both the buyer and seller in over 25% of these sales during the last 12 months. Over the past decade our team members have been involved in 111 transactions behind the gates in WR Estates!

WR Estates Market – HOMES

During the last 12 months there have been a total of 7 home sales, which is consistent with the previous year when 8 homes sold. The average sale price for homes in WR Estates has remained consistent over the last 24 month, averaging $2,035,714 this year versus $2,053,125 last year. Below are statistics for WR Estates Homes:

Lots

# SOLD 4

by the fact that new homes are selling at a 30% premium compared to resale homes as it relates to price per square foot. The average price per square foot for new homes exceeds $450 while the average for resale homes is just over $300 per square foot. New homes are also selling quickly, averaging less than 60 days on the market after the home has completed construction, further demonstrating the bifurcation in the home market.

As it relates to lots, the market is strong based on the fact that there are currently 6 homes under construction and another 6 homes under design. Of the 6 homes under construction, 2 of the homes are spec homes while there are 2 spec homes in design. As a result, there is a good mix of buyers choosing WR Estates as their destination to live while the spec homes provide an opportunity to entice buyers to the community with new product. The 4 lots sales this year compared to 2 lot sales last year points to a market for increased demand going forward.

The luxury LOT market in North Scottsdale is measured again using the 85262 and 85266 zip codes and includes lots that have closed at $250,000 or greater. In this market, overall pricing and total lots sold have decreased slightly.

63 lots have sold in the last 12 months compared to 73 sales during the previous 12 months, which is a 13% decrease in lots sold. Average sales price has decreased 45% in the last 12 months averaging $288,654 this year versus $534,561 last year. As it relates to days on market for luxury lots selling over $250,000, the average this year is 373 days versus 340 days to sell last year. We contribute the average sales price drop this year to the fact that the uber luxury market with lots sales at $750,000+ decreased by 50% with 5 sales this year versus 12 sales last year.

PRICE RANGE

$250,000 - $465,000

The overall market in WR Estates has remained steady during the last 24 months as it relates to the quantity of homes sold. The sale price per square foot has dropped from $408 per square foot to $344 this year with homes closing between $272 - $489 per square foot. The major factor that affects price per square foot in WR Estates is the shift in the buyer profile over the last 5 years, which is beginning to create a bifurcated market for home sales in particular. The demand is for new homes on smaller footprints. Buyers consistently ask us to see homes around 5,000 square feet that are brand new with open floor plans and views. The proof in the power of new is demonstrated

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 $1,500,000 or greater. In this market we see consistencies with the WR Estates real estate market with fewer homes selling at a lower average sales price. Overall, 95 homes have sold in the last 12 months compared to 104 sales during the previous 12 months; a 8% decrease in units sold. Average sales price is $2,126,418 this year compared to $2,334,990 last year.

This translates into a total sales volume decrease of 16%.

However, the average sales price per square foot has increased averaging $419 this year compared to $416 last year. This increase is consistent with the fact that the overall market is bifurcated similar to the WR Estates market with new homes selling at a 30% premium over resale homes.

As it relates to days on market for luxury homes selling over $1,500,000, the average this year is 236 days versus 244 days to sell last year.

In closing, thank you for your business and your time reading this update. Please feel free to contact any member of our team at any time for assistance in evaluating your real estate needs. We can assure that you will continue to receive the very best real estate services from our group and that we will always go the extra mile for you.

— Luxury Property Group

Custom Homes

Whisper Rock Estates End-of-Summer Real Estate Update

# SOLD 7

PRICE RANGE

$1,300,000 - $2,500,000

WR Estates Market – LOTS

The lot market is up this year with 4 lot sales compared to just 2 lot sales last year. The average lot sale price during the last 12 months is $316,250 while last year the average was $368,000. Below are statistics for WR Estates Lots:

W

e're pleased to provide our annual End-of-Summer Real Estate Update and hope that you are all happy, healthy and enjoying the summer.

First, we want to share with you the success of our team: Will Foote, Jay Pennypacker, Mike Holder and Debbie Negrin (Luxury Property Group) have sold over $75 million in north Scottsdale during the last year and with over $35 million in sales year-to-date we are on track to sell $75 million this year. Our production places us at the top for Russ Lyon | Sotheby's International Realty, which is the luxury sales leader in Arizona and the largest Sotheby's Realty affiliate in the world. We have been awarded the Lyon’s Elite award as top seller at our brokerage and have been recognized by the Phoenix Business Journal as the #10 team in greater Phoenix competing with our 4-agent team against real estate teams with more than 50 agents.

As your on-site team for WR Estates we continue to outperform all other real estate groups in WR Estates with over 80% market share for properties sold and we have represented both the buyer and seller in over 25% of these sales during the last 12 months. Over the past decade our team members have been involved in 111 transactions behind the gates in WR Estates!

WR Estates Market – HOMES

During the last 12 months there have been a total of 7 home sales, which is consistent with the previous year when 8 homes sold. The average sale price for homes in WR Estates has remained consistent over the last 24 month, averaging $2,035,714 this year versus $2,053,125 last year. Below are statistics for WR Estates Homes:

Lots

# SOLD 4

by the fact that new homes are selling at a 30% premium compared to resale homes as it relates to price per square foot. The average price per square foot for new homes exceeds $450 while the average for resale homes is just over $300 per square foot. New homes are also selling quickly, averaging less than 60 days on the market after the home has completed construction, further demonstrating the bifurcation in the home market.

As it relates to lots, the market is strong based on the fact that there are currently 6 homes under construction and another 6 homes under design. Of the 6 homes under construction, 2 of the homes are spec homes while there are 2 spec homes in design. As a result, there is a good mix of buyers choosing WR Estates as their destination to live while the spec homes provide an opportunity to entice buyers to the community with new product. The 4 lots sales this year compared to 2 lot sales last year points to a market for increased demand going forward.

The luxury LOT market in North Scottsdale is measured again using the 85262 and 85266 zip codes and includes lots that have closed at $250,000 or greater. In this market, overall pricing and total lots sold have decreased slightly.

63 lots have sold in the last 12 months compared to 73 sales during the previous 12 months, which is a 13% decrease in lots sold. Average sales price has decreased 45% in the last 12 months averaging $288,654 this year versus $534,561 last year. As it relates to days on market for luxury lots selling over $250,000, the average this year is 373 days versus 340 days to sell last year. We contribute the average sales price drop this year to the fact that the uber luxury market with lots sales at $750,000+ decreased by 50% with 5 sales this year versus 12 sales last year.

PRICE RANGE

$250,000 - $465,000

The overall market in WR Estates has remained steady during the last 24 months as it relates to the quantity of homes sold. The sale price per square foot has dropped from $408 per square foot to $344 this year with homes closing between $272 - $489 per square foot. The major factor that affects price per square foot in WR Estates is the shift in the buyer profile over the last 5 years, which is beginning to create a bifurcated market for home sales in particular. The demand is for new homes on smaller footprints. Buyers consistently ask us to see homes around 5,000 square feet that are brand new with open floor plans and views. The proof in the power of new is demonstrated

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 $1,500,000 or greater. In this market we see consistencies with the WR Estates real estate market with fewer homes selling at a lower average sales price. Overall, 95 homes have sold in the last 12 months compared to 104 sales during the previous 12 months; a 8% decrease in units sold. Average sales price is $2,126,418 this year compared to $2,334,990 last year.

This translates into a total sales volume decrease of 16%.

However, the average sales price per square foot has increased averaging $419 this year compared to $416 last year. This increase is consistent with the fact that the overall market is bifurcated similar to the WR Estates market with new homes selling at a 30% premium over resale homes.

As it relates to days on market for luxury homes selling over $1,500,000, the average this year is 236 days versus 244 days to sell last year.

In closing, thank you for your business and your time reading this update. Please feel free to contact any member of our team at any time for assistance in evaluating your real estate needs. We can assure that you will continue to receive the very best real estate services from our group and that we will always go the extra mile for you.

— Luxury Property Group

Real Estate Activity in Whisper Rock Estates Homes Currently For Sale ADDRESS 33323 N Vanishing Trl 7298 E Lower Wash Ps 8200 E Tortuga View Ln 33296 N Vanishing Trl 7315 E Lower Wash Ps 8093 E Tortuga View Ln 8116 E Tortuga View Ln 7378 E Lower Wash Ps 33262 N Vanishing Trl 7486 E Sonoran Trl 33347 N Vanishing Trl 8525 E Whisper Rock Trl

Homes Sold

7486 E Sonoran Trail 4 Bed | 4.5 Bath | 5,143 SQFT | $2,300,000

Enchanting Spanish Hacienda style home, designed and built by award-wining Casas Del Oso • Located in WR Estates on a 1.4 acre lot with privacy and dedicated open space • Meticulous details and thoughtful design combine to create a true custom residence • Entry courtyard with fireplace, fountain and entrance to the guest casita • Great room design with kitchen opening to living and dining spaces • Master retreat includes office, dual bathrooms & closets, fireplace and access to the backyard • Dedicated media room with adjacent wet bar and wine room • Two additional suites in the main house with access to courtyards • Outdoor area offers generous covered patios, multiple seating/dining areas, gas fireplace, outdoor kitchen and heated pool & spa •

ADDRESS 7595 E Whisper Rock Trl 7789 E Lazy J Rd

Lots Currently For Sale

ADDRESS 7352 E Lower Wash Ps 38 8386 E Leaning Rock Rd 167 8704 E Old Field Rd 92 33042 N Solstice Way 136 7877 E Whisper Rock Trl 75 8191 E Whisper Rock Trl 183 7618 E Whisper Rock Trl 50 8459 E Old Field Rd 84 8627 Whisper Rock Trl 120 8129 E Leaning Rock Rd 194

SQFT 3,777 5,355 3,394 6,489 5,715 3,800 3,747 5,992 5,949 5,143 7,319 7,905

BED 4 4 3 5 4 3 3 4 4 4 5 5

BATH 4.5 6 3.5 7 5.5 3.5 3.5 4.5 4.5 4.5 6 5.5

LIST PRICE $1,550,000 $1,799,000 $1,845,000 $1,949,000 $1,950,000 $1,958,000 $2,070,000 $2,099,000 $2,295,000 $2,300,000 $2,795,000 $3,915,000

SQFT 4,702 7,725

BED BATH 4 4.5 5 5.5

LIST PRICE $2,749,000 $2,699,000

ACRE 1.07 1.48 2.68 1.16 3.09 3.00 1.38 2.53 2.74 2.09

LIST PRICE $370,000 $395,000 $399,000 $495,000 $575,000 $645,000 $699,000 $750,000 $950,000 $1,295,000

SEPTEMBER | OCTOBER 2016

WHISPROC

Featured Cover Property

Lifestyle WHISPER ROCK ESTATES

SOLD PRICE $2,300,000 $2,500,000

Report may not be indicative of all real estate activity.

All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.

WhisperRockEstates.com JAY PENNYPACKER

602.570.3962 c DEBBIE NEGRIN

480.734.3498 c WILL FOOTE

480.242.2483 c MIKE HOLDER

602.432.3273 c If your home is currently listed, this is not a solicitation for that listing.

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 | 480.575.6305 | On-Site Sales Office Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

End-of-Summer Real Estate Update Exclusively Presented By Luxury Property Group