LPG | Whisper Rock Lifestyle

SEPTEMBER | OCTOBER 2019

WHISPROC

Did you know that Luxury Property Group sells real estate throughout Scottsdale?

Check out the table below showing our sales outside of WR Estates:

Lifestyle WHISPER ROCK ESTATES

MIKE HOLDER

602.432.3273 c DEBBIE NEGRIN

480.734.3498 c JAY PENNYPACKER

602.570.3962 c WILL FOOTE

480.242.2483 c

WhisperRockEstates.com 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 | LPG@RussLyon.com If your home is currently listed, this is not a solicitation for that listing.

Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

Mid-Summer Real Estate Snapshot

Exclusively Presented By Luxury Property Group

Listed below are the detailed statistics for WR Estates sales this year:

WR Estates Market – LOTS

Whisper Rock Estates Mid-Summer Real Estate Snapshot

W

e're pleased to provide our annual "Mid-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 your onsite real estate team. Debbie Negrin, Jay Pennypacker and Will Foote (Luxury Property Group) have sold over $125 million in real estate during the last year. Our production places us as the #1 producing team in North Scottsdale and the #2 overall producing team for Russ Lyon | Sotheby's International Realty which is the largest Sotheby's Realty affiliate in the world.

As your on-site team for WR Estates we continue to outperform all other real estate groups in WR Estates with a 74% market share for properties sold during the last 12 months. In addition, we are the top real estate sales team in North Scottsdale each year. Over the past 10+ years our team members have been involved in 158 transactions behind the gates of WR Estates after adding 18 transactions during the last 12 months!

WR Estates Market – HOMES

During the last 12 months there have been a total of 10 home sales, which is consistent with the previous year when 10 homes were sold as well. The average sale price for homes in WR Estates has decreased by 9% over the last 12 months averaging $1,995,564 this year versus $2,210,300 last year. However, the average price per square foot has increased during the last 12 months finishing at $381 per square foot this year versus $370 per square foot last year; a 3% increase. Below are statistics for WR Estates Homes:

Custom Homes

LUXURY | DEFINED

# SOLD 10

The lot market has remained consistent during the last year compared to the previous 12 months. 9 lots sold this year versus 10 lots last year. The average lot sale price during the last 12 months is $442,222 while last year the average was $460,500; a 4% decrease in average sale price.

The luxury LOT market in North Scottsdale is measured again using the 85262 and 85266 zip codes and includes lots that have closed at $300,000 or greater. After robust growth recently, overall pricing and volume of lots sold has dropped for the first time in the last few years. 69 lots have sold in the last 12 months compared to 83 sales during the previous 12 months; a 17% decrease. Average sales price has dropped slightly averaging $551,407 this year versus $583,573 last year. As it relates to days on market for luxury lots selling over $300,000, the average this year is 522 days versus 455 days to sell last year.

As it relates to lots, the market is strong based on the fact that there are currently 7 homes under construction and another 13 homes in design review. Of the 7 homes under construction, 2 of the homes are spec homes and the other 5 are build-to-suits. The 12 homes in design review include 3 spec designs and 9 build-to-suit designs.

During the next year we expect to see another 6 homes start construction. 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 and generate momentum for sales throughout the community.

Lots

# SOLD

averaging $360 this year compared to $363 last year. As it relates to the ultra luxury market that includes sales over $2,500,000, there were 40 sales this year compared to 38 during the previous 12 months. Buyers continue to pay a premium for new homes that are consistently smaller than older resale homes and buying more expensive homes overall, which has maintained the average sale price and the price per square foot established last year.

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

AVERAGE PRICE

9 $442,222

Warm regards,

Will, Jay, Mike and Debbie Luxury Property Group

WR Estates – THE VILLAS

Platinum Homes is proud to offer 10 custom quality ‘lock & leave’ villa homes at The Villas at WR Estates. Designed

by PHX Architecture, the offering includes three distinct architectural styles & two pre-designed ‘open’ floorplans ranging from 3,600 sq. ft. to 3900 sq. ft.. Platinum Homes has been one of North Scottsdale’s premier custom home developers over the past two decades and has played an integral role in building luxury custom homes in the WR Estates neighborhood.

Enjoy the serenity of the resort-style back patio of our featured cover property at WR Estates Lot 28 in Scottsdale.

We already have one sale, which will break ground later this summer, and anticipate a busy season selling The Villas. For more information, please contact us.

Overall Luxury Market in North Scottsdale

When we review the luxury HOME market in North When we review the luxury HOME market in North Scottsdale we utilize the 85262 and 85266 zip codes and include homes that closed at $1,000,000 or greater. In this market overall pricing has continued to improve with an 8% increase in sales volume, while the average sales price has remained level during the last 12 months. Overall, 294 homes have sold in the last 12 months compared to 273 sales during the previous 12 months. Average sales price is $1,829,055 this year compared to $1,865,684 last year. Furthermore, the average sale price per square foot has decreased by 4%

AVERAGE PRICE $1,995,564

WHISPER ROCK

Listed below are the detailed statistics for WR Estates sales this year:

WR Estates Market – LOTS

Whisper Rock Estates Mid-Summer Real Estate Snapshot

W

e're pleased to provide our annual "Mid-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 your onsite real estate team. Debbie Negrin, Jay Pennypacker and Will Foote (Luxury Property Group) have sold over $125 million in real estate during the last year. Our production places us as the #1 producing team in North Scottsdale and the #2 overall producing team for Russ Lyon | Sotheby's International Realty which is the largest Sotheby's Realty affiliate in the world.

As your on-site team for WR Estates we continue to outperform all other real estate groups in WR Estates with a 74% market share for properties sold during the last 12 months. In addition, we are the top real estate sales team in North Scottsdale each year. Over the past 10+ years our team members have been involved in 158 transactions behind the gates of WR Estates after adding 18 transactions during the last 12 months!

WR Estates Market – HOMES

During the last 12 months there have been a total of 10 home sales, which is consistent with the previous year when 10 homes were sold as well. The average sale price for homes in WR Estates has decreased by 9% over the last 12 months averaging $1,995,564 this year versus $2,210,300 last year. However, the average price per square foot has increased during the last 12 months finishing at $381 per square foot this year versus $370 per square foot last year; a 3% increase. Below are statistics for WR Estates Homes:

Custom Homes

LUXURY | DEFINED

# SOLD 10

The lot market has remained consistent during the last year compared to the previous 12 months. 9 lots sold this year versus 10 lots last year. The average lot sale price during the last 12 months is $442,222 while last year the average was $460,500; a 4% decrease in average sale price.

The luxury LOT market in North Scottsdale is measured again using the 85262 and 85266 zip codes and includes lots that have closed at $300,000 or greater. After robust growth recently, overall pricing and volume of lots sold has dropped for the first time in the last few years. 69 lots have sold in the last 12 months compared to 83 sales during the previous 12 months; a 17% decrease. Average sales price has dropped slightly averaging $551,407 this year versus $583,573 last year. As it relates to days on market for luxury lots selling over $300,000, the average this year is 522 days versus 455 days to sell last year.

As it relates to lots, the market is strong based on the fact that there are currently 7 homes under construction and another 13 homes in design review. Of the 7 homes under construction, 2 of the homes are spec homes and the other 5 are build-to-suits. The 12 homes in design review include 3 spec designs and 9 build-to-suit designs.

During the next year we expect to see another 6 homes start construction. 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 and generate momentum for sales throughout the community.

Lots

# SOLD

averaging $360 this year compared to $363 last year. As it relates to the ultra luxury market that includes sales over $2,500,000, there were 40 sales this year compared to 38 during the previous 12 months. Buyers continue to pay a premium for new homes that are consistently smaller than older resale homes and buying more expensive homes overall, which has maintained the average sale price and the price per square foot established last year.

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

AVERAGE PRICE

9 $442,222

Warm regards,

Will, Jay, Mike and Debbie Luxury Property Group

WR Estates – THE VILLAS

Platinum Homes is proud to offer 10 custom quality ‘lock & leave’ villa homes at The Villas at WR Estates. Designed

by PHX Architecture, the offering includes three distinct architectural styles & two pre-designed ‘open’ floorplans ranging from 3,600 sq. ft. to 3900 sq. ft.. Platinum Homes has been one of North Scottsdale’s premier custom home developers over the past two decades and has played an integral role in building luxury custom homes in the WR Estates neighborhood.

Enjoy the serenity of the resort-style back patio of our featured cover property at WR Estates Lot 28 in Scottsdale.

We already have one sale, which will break ground later this summer, and anticipate a busy season selling The Villas. For more information, please contact us.

Overall Luxury Market in North Scottsdale

When we review the luxury HOME market in North When we review the luxury HOME market in North Scottsdale we utilize the 85262 and 85266 zip codes and include homes that closed at $1,000,000 or greater. In this market overall pricing has continued to improve with an 8% increase in sales volume, while the average sales price has remained level during the last 12 months. Overall, 294 homes have sold in the last 12 months compared to 273 sales during the previous 12 months. Average sales price is $1,829,055 this year compared to $1,865,684 last year. Furthermore, the average sale price per square foot has decreased by 4%

AVERAGE PRICE $1,995,564

WHISPER ROCK

SEPTEMBER | OCTOBER 2019

WHISPROC

Did you know that Luxury Property Group sells real estate throughout Scottsdale?

Check out the table below showing our sales outside of WR Estates:

Lifestyle WHISPER ROCK ESTATES

MIKE HOLDER

602.432.3273 c DEBBIE NEGRIN

480.734.3498 c JAY PENNYPACKER

602.570.3962 c WILL FOOTE

480.242.2483 c

WhisperRockEstates.com 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 | LPG@RussLyon.com If your home is currently listed, this is not a solicitation for that listing.

Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com

Mid-Summer Real Estate Snapshot

Exclusively Presented By Luxury Property Group