LPG Group | Whisper Rock Estates Lifestyle

NEIGHBORHOOD

SALES PRICE

LPG REPRESENTATION

DC Ranch

$1,295,000

Seller

Troon North

$1,300,000

Seller

Scottsdale

$1,312,500

Seller

Windy Walk Estates

$1,325,000

Seller

DC Ranch

$1,350,000

Seller

Optima Kierland

$1,390,000

Seller

Silverleaf

$1,490,000

Buyer

Optima Kierland

$1,583,000

Seller

Silverleaf

$1,600,000

Buyer

Sincuidados

$1,795,000

Buyer

Optima Kierland

$1,950,000

Seller

Privada - Four Seasons

$1,975,000

Buyer/Seller

Estancia

$2,250,000

Seller

Estancia

$2,400,000

Seller

Lost Canyon

$2,500,000

Seller

Desert Mountain

$2,550,000

Buyer/Seller

Estancia

$2,700,000

Seller

Silverleaf

$2,750,000

Seller

Estancia

$2,875,000

Seller

Estancia

$2,900,000

Buyer/Seller

Estancia

$3,100,000

Buyer/Seller

Paradise Valley

$3,280,000

Buyer

Pinnacle Canyon

$3,350,000

Seller

DC Ranch

$3,400,000

Buyer

Desert Mountain

$3,450,000

Buyer

Mirabel

$3,575,000

Buyer

Estancia

$4,825,000

Buyer/Seller

Estancia

$7,500,000

Buyer

LAND

SALES PRICE

LPG REPRESENTATION

Estancia

$325,000

Buyer/Seller

Estancia

$475,000

Buyer/Seller

Estancia

$625,000

Buyer/Seller

Estancia

$895,000

Buyer

Estancia

$1,000,000

Buyer/Seller

Esperanza

$1,000,000

Buyer

Estancia

$1,150,000

Buyer/Seller

Esperanza

$1,300,000

Buyer

Estancia

$1,950,000

Seller

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

SEPTEMBER | OCTOBER 2020

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

Mid-Summer Real Estate Snapshot

Exclusively Presented By Luxury Property Group

years that we could experience a slow down leading up to and just after the Presidential election result. In addition, we will track the mortgage forbearance program where 7.8% of all active mortgages are currently in forbearance and how this may affect the real estate market going forward. Lastly, we will continue to track the migration of home buyers from high density/high tax states moving to Arizona. We recently learned that 10,000 new apartments were listed for sale in New York City which is an 85% increase from the previous year and could represent a rapid influx of buyers to areas such as Scottsdale. Listed below are the detailed statistics for WR Estates sales this year.

the average price per square foot has increased during the last 12 months finishing at $417 per square foot this year versus $381 per square foot last year; a 9% increase.

WR Estates Market – LOTS

Whisper Rock Estates Mid-Summer Real Estate Snapshot

W

e are pleased to provide our annual "Mid-Summer Real Estate Update" and with the overall health concerns related to COVID-19, we hope that you are all healthy, happy and enjoying the summer.

First, we want to share with you the success of your on-site real estate team. Will Foote, Mike Holder, Jay Pennypacker and Debbie Negrin (Luxury Property Group) have sold over $115 million in real estate during the last year. We were involved in 20 transactions in WR Estates and an additional 60 transactions outside the gates. Our production places us as the #2 overall producing team in the state of Arizona.

Our team continues to outperform all other real estate groups with the highest volume of sales and number of transactions in WR Estates. We were involved in over 75% of the $32 million in sales in WR Estates during the last 12 months and homes consistently sell at a higher price per square foot with our team. Over the past two decades our team members have been involved in 178 transactions behind the gates of WR Estates!

Luxury Property Group is a boutique real estate group offering personalized customer service that exceeds the expectations of our clients, which is consistent with the brand and identity of WR Estates. We have a deep understanding of the WR Estates lifestyle which enables us to deliver the best marketing platform and sales results in the community and beyond.

WR Estates Market – HOMES

During the last 12 months there have been a total of 15 home sales compared to 10 home sales the previous year. The average sale price for homes in WR Estates has increased by 8% over the last 12 months averaging $2,154,673 this year versus $1,995,564 last year. However,

Custom Homes

LUXURY | DEFINED

# SOLD 15

AVERAGE PRICE $2,154,673

The lot market has slowed slightly during the last year compared to the previous 12 months. 4 lots sold this year versus 9 lots last year. The average lot sale price during the last 12 months is $446,250 which is consistent with the previous year average of $442,222. We believe the past year was an anomaly and that the lot market will be stronger during the next 12 months sheerly based on the limited inventory of lots on the market in North Scottsdale.

Additionally, some of the neighboring communities are nearing complete build-out which will increase demand for WR Estates land. With 14 homes under construction in the community we have a dynamic market that includes build-to-suit homes and The Villas. Currently there are no spec build homes under construction.

Lots

# SOLD

this market volume has continued to improve with an 15% increase in sales volume, while the average sales price has dropped by 4% during the last 12 months. Overall, 337 homes have sold in the last 12 months compared to 294 sales during the previous 12 months. Average sales price is $1,745,776 this year compared to $1,829,055 last year. Furthermore, the average sale price per square foot has remained flat averaging $355 this year compared to $360 last year. As it relates to the ultra luxury market that includes sales over $2,500,000, there were 48 sales this year compared to 29 during the previous 12 months; a 66% increase. This is a significant increase in luxury home demand in North Scottsdale fueled mainly by the migration from high density/high tax states referenced above and we expect this trend to continue.

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. Lot pricing and sales volume has exceeded the previous year with 83 lots selling in the last 12 months compared to 69 sales during the previous 12 months; a 20% increase. Average sales price has increased as well averaging $566,165 this year versus $551,407 last year. As it relates to days on market for luxury lots selling over $300,000, the average this year is 416 days versus 522 days to sell last year.

AVERAGE PRICE

4 $446,250

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.

WR Estates – THE VILLAS

Platinum Homes is proud to offer 9 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 to 3,900 square feet. 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.

Warm regards,

Will, Jay, Mike and Debbie Luxury Property Group Enjoy the serenity of the resort-style back patio of our featured cover property at WR Estates.

During the last 12 months we have already closed 6 sales and 5 of the villas are under construction. With only 3 villa lots remaining we expect complete sellout in the next 12 months. Please call us today for more information.

This year could not be represented properly without touching on the impacts of COVID-19. As 2019 concluded we expected 2020 to be a record year for sales in WR Estates and North Scottsdale based on the number of people that we have been in contact with that have identified Arizona as their new primary residence. The majority of these buyers are coming from high density/ high tax states such as California, Washington, Illinois and New York. When the virus hit our expectations were dimmed, but to our surprise sales truly slowed down for only three weeks and then all of a sudden we were hit with the busiest three months we have experienced in our real estate careers. The impact of the virus elevated a new sense of urgency among transplants wanting to leave high density locations and accelerated their timeframe to make moving to Arizona a more immediate priority. We basically squeezed 9 months of sales into a 3 month timeframe that carried into the summer months.

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 $1,000,000 or greater. In

Looking forward we remain optimistic about real estate sales, but we do have caution based on previous election

WHISPER ROCK

years that we could experience a slow down leading up to and just after the Presidential election result. In addition, we will track the mortgage forbearance program where 7.8% of all active mortgages are currently in forbearance and how this may affect the real estate market going forward. Lastly, we will continue to track the migration of home buyers from high density/high tax states moving to Arizona. We recently learned that 10,000 new apartments were listed for sale in New York City which is an 85% increase from the previous year and could represent a rapid influx of buyers to areas such as Scottsdale. Listed below are the detailed statistics for WR Estates sales this year.

the average price per square foot has increased during the last 12 months finishing at $417 per square foot this year versus $381 per square foot last year; a 9% increase.

WR Estates Market – LOTS

Whisper Rock Estates Mid-Summer Real Estate Snapshot

W

e are pleased to provide our annual "Mid-Summer Real Estate Update" and with the overall health concerns related to COVID-19, we hope that you are all healthy, happy and enjoying the summer.

First, we want to share with you the success of your on-site real estate team. Will Foote, Mike Holder, Jay Pennypacker and Debbie Negrin (Luxury Property Group) have sold over $115 million in real estate during the last year. We were involved in 20 transactions in WR Estates and an additional 60 transactions outside the gates. Our production places us as the #2 overall producing team in the state of Arizona.

Our team continues to outperform all other real estate groups with the highest volume of sales and number of transactions in WR Estates. We were involved in over 75% of the $32 million in sales in WR Estates during the last 12 months and homes consistently sell at a higher price per square foot with our team. Over the past two decades our team members have been involved in 178 transactions behind the gates of WR Estates!

Luxury Property Group is a boutique real estate group offering personalized customer service that exceeds the expectations of our clients, which is consistent with the brand and identity of WR Estates. We have a deep understanding of the WR Estates lifestyle which enables us to deliver the best marketing platform and sales results in the community and beyond.

WR Estates Market – HOMES

During the last 12 months there have been a total of 15 home sales compared to 10 home sales the previous year. The average sale price for homes in WR Estates has increased by 8% over the last 12 months averaging $2,154,673 this year versus $1,995,564 last year. However,

Custom Homes

LUXURY | DEFINED

# SOLD 15

AVERAGE PRICE $2,154,673

The lot market has slowed slightly during the last year compared to the previous 12 months. 4 lots sold this year versus 9 lots last year. The average lot sale price during the last 12 months is $446,250 which is consistent with the previous year average of $442,222. We believe the past year was an anomaly and that the lot market will be stronger during the next 12 months sheerly based on the limited inventory of lots on the market in North Scottsdale.

Additionally, some of the neighboring communities are nearing complete build-out which will increase demand for WR Estates land. With 14 homes under construction in the community we have a dynamic market that includes build-to-suit homes and The Villas. Currently there are no spec build homes under construction.

Lots

# SOLD

this market volume has continued to improve with an 15% increase in sales volume, while the average sales price has dropped by 4% during the last 12 months. Overall, 337 homes have sold in the last 12 months compared to 294 sales during the previous 12 months. Average sales price is $1,745,776 this year compared to $1,829,055 last year. Furthermore, the average sale price per square foot has remained flat averaging $355 this year compared to $360 last year. As it relates to the ultra luxury market that includes sales over $2,500,000, there were 48 sales this year compared to 29 during the previous 12 months; a 66% increase. This is a significant increase in luxury home demand in North Scottsdale fueled mainly by the migration from high density/high tax states referenced above and we expect this trend to continue.

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. Lot pricing and sales volume has exceeded the previous year with 83 lots selling in the last 12 months compared to 69 sales during the previous 12 months; a 20% increase. Average sales price has increased as well averaging $566,165 this year versus $551,407 last year. As it relates to days on market for luxury lots selling over $300,000, the average this year is 416 days versus 522 days to sell last year.

AVERAGE PRICE

4 $446,250

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.

WR Estates – THE VILLAS

Platinum Homes is proud to offer 9 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 to 3,900 square feet. 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.

Warm regards,

Will, Jay, Mike and Debbie Luxury Property Group Enjoy the serenity of the resort-style back patio of our featured cover property at WR Estates.

During the last 12 months we have already closed 6 sales and 5 of the villas are under construction. With only 3 villa lots remaining we expect complete sellout in the next 12 months. Please call us today for more information.

This year could not be represented properly without touching on the impacts of COVID-19. As 2019 concluded we expected 2020 to be a record year for sales in WR Estates and North Scottsdale based on the number of people that we have been in contact with that have identified Arizona as their new primary residence. The majority of these buyers are coming from high density/ high tax states such as California, Washington, Illinois and New York. When the virus hit our expectations were dimmed, but to our surprise sales truly slowed down for only three weeks and then all of a sudden we were hit with the busiest three months we have experienced in our real estate careers. The impact of the virus elevated a new sense of urgency among transplants wanting to leave high density locations and accelerated their timeframe to make moving to Arizona a more immediate priority. We basically squeezed 9 months of sales into a 3 month timeframe that carried into the summer months.

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 $1,000,000 or greater. In

Looking forward we remain optimistic about real estate sales, but we do have caution based on previous election

WHISPER ROCK

NEIGHBORHOOD

SALES PRICE

LPG REPRESENTATION

DC Ranch

$1,295,000

Seller

Troon North

$1,300,000

Seller

Scottsdale

$1,312,500

Seller

Windy Walk Estates

$1,325,000

Seller

DC Ranch

$1,350,000

Seller

Optima Kierland

$1,390,000

Seller

Silverleaf

$1,490,000

Buyer

Optima Kierland

$1,583,000

Seller

Silverleaf

$1,600,000

Buyer

Sincuidados

$1,795,000

Buyer

Optima Kierland

$1,950,000

Seller

Privada - Four Seasons

$1,975,000

Buyer/Seller

Estancia

$2,250,000

Seller

Estancia

$2,400,000

Seller

Lost Canyon

$2,500,000

Seller

Desert Mountain

$2,550,000

Buyer/Seller

Estancia

$2,700,000

Seller

Silverleaf

$2,750,000

Seller

Estancia

$2,875,000

Seller

Estancia

$2,900,000

Buyer/Seller

Estancia

$3,100,000

Buyer/Seller

Paradise Valley

$3,280,000

Buyer

Pinnacle Canyon

$3,350,000

Seller

DC Ranch

$3,400,000

Buyer

Desert Mountain

$3,450,000

Buyer

Mirabel

$3,575,000

Buyer

Estancia

$4,825,000

Buyer/Seller

Estancia

$7,500,000

Buyer

LAND

SALES PRICE

LPG REPRESENTATION

Estancia

$325,000

Buyer/Seller

Estancia

$475,000

Buyer/Seller

Estancia

$625,000

Buyer/Seller

Estancia

$895,000

Buyer

Estancia

$1,000,000

Buyer/Seller

Esperanza

$1,000,000

Buyer

Estancia

$1,150,000

Buyer/Seller

Esperanza

$1,300,000

Buyer

Estancia

$1,950,000

Seller

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

SEPTEMBER | OCTOBER 2020

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

Mid-Summer Real Estate Snapshot

Exclusively Presented By Luxury Property Group