2017 Annual Luxury Report - Scottsdale, Arizona

2017

ANNUAL

y r u x Lu

REPORT PREPARED BY:

Monson Luxury Group Russ Lyon | Sotheby’s International Realty 20909 N. 90th Place, Suite 209 | Scottsdale | AZ | 85255

MonsonLuxuryGroup.com

MonsonLuxuryGroup.com

FROM THE

Editor

Dear Clients, Friends and Colleagues, Welcome to 2018!

Monson Luxury Group is excited to start the new year off with great momentum and a positive economic outlook. 2017 ended a strong year and the market in Scottsdale, Paradise Valley, Phoenix and other luxury areas in the Valley are normalizing and in many locations moving toward a Seller’s market. We thought that year-over-year comparisons would be helpful in understanding the real estate market changes from 2016 to 2017 so we have included some of Scottsdale’s top communities in this Annual Luxury Report. We hope you find it a useful tool to guage shifts in price, days on market, and price per SF in each community. We also offer custom reporting for Paradise Valley, Phoenix and other cities and communities throughout the Valley or tailored specifically to your community or need. Just give us a jingle, email or social media message and we’ll send it to you in a jiffy. As always, it is our pleasure serving you and being your top resource for luxury real estate news and information!

Yours in real estate,

NEW TO

MARKET!

CHAPPARAL & SCOTTSDALE Scottsdale

3,750

4

2

4.5

SQUARE FEET

CAR GARAGE

4811 N. 68th Place, Scottsdale

BEDROOMS

BATHS

OFFERED at $1,495,000

LAS PIEDRAS Scottsdale

3,984

4

3

4.5

SQUARE FEET

CAR GARAGE

7557 E. Camino Salida Del Sol, Scottsdale

BEDROOMS

BATHS

OFFERED at $1,085,000

MonsonLuxuryGroup.com

SILVERLEAF Scottsdale

Incredible opportunity in The Parks at Silverleaf, this custom Formal Mediterranean Residence exudes fine interior finishes and elegant outdoor spaces.

SILVERLEAF Scottsdale

One of Silverleaf’s finest residences, this custom home is perched above the 8th fairway with exceptional views, interiors, wine cellar, guest house, and more.

6,309

5

15,010

6

3

5.5

7

11

SQUARE FEET

BEDROOMS

CAR GARAGE

20044 N. 101st Way | Lot 1110

BATHS

OFFERED at $3,295,000

SIERRA HILLS Scottsdale

One of Scottsdale’s finest custom residences, this home offers an entertainer’s lower level with theater, game room, guest suite and outdoor sport court.

SQUARE FEET

BEDROOMS

CAR GARAGE

BATHS

OFFERED at $9,995,000

10355 E. Robs Camp Road | Lot 1474

THE OVERLOOK Phoenix

Perched overlooking downtown Phoenix just west of Tatum and Lincoln sits this unique contemporary residence with private elevator and guest level.

9,810

6

7,896

4

4

7.5

7

6

SQUARE FEET

BEDROOMS

CAR GARAGE

13766 E. Gary Road

MonsonLuxuryGroup.com

BATHS

OFFERED at $2,995,000

SQUARE FEET

BEDROOMS

CAR GARAGE

6525 N. 37th Street

BATHS

OFFERED at $3,995,000

OUR TOP

AGENTS

Monson Luxury Group at Russ Lyon | Sotheby’s International Realty specializes in serving clients who want a higher level of real estate expertise when buying and selling homes. We are fluent in luxury lifestyles, golf communities and unique properties while understanding the wants, needs and desires of our clients. We are proud to be International leaders in luxury real estate, are recognized by our peers and proven by our performance. We look forward to serving you in 2018.

“ Working with Monson Luury Group at Russ Lyon Sotheby’s Internationanl Realty has been a pleasure. Their marketing reach combined with their buyer expertise is unmatched in the industry today.” AM

MONICA MONSON

founder REALTOR®, ASSOCIATE BROKER, CLHMS Monica is an Internationally recognized leader in luxury home marketing and sales. Her expertise in strategic marketing and client relations has helped catapult Monson Luxury Group as one of the top producing real estate groups in Arizona.

DIRECT EMAIL

480.250.0848 monica@monsonluxurygroup.com

BARRY VAN PATTEN

GINGER VAN PATTEN

REALTOR®, ABR

REALTOR®

An Arizona native, Barry has been serving luxury buyers and sellers in Arizona for more than 12 years. His background in the health and fitness business has been a great foundation for helping buyers find the perfect fit for busy, active lifestyles.

Passionate about Arizona’s desert lifestyles, Ginger’s energy is contageous as she assists buyers and sellers through the real estate process. Focused on communication and client relations, with 25 yrs in management, Ginger is committed to a smooth real estate experience.

DIRECT EMAIL

480.202.2413 barry.vanpatten@russlyon.com

DIRECT EMAIL

602.625.6455 ginger.vanpatten@russlyon.com

MonsonLuxuryGroup.com

YEAR-OVER-YEAR COMPARISON Silverleaf 2016

2017

43

39

$3,424,117

$2,951,731

$550.71

$487.19

SALE TO LIST $

95%

93%

AVG DAYS ON MARKET

259

237

HOMES SOLD AVG SALES PRICE AVG $ PER SF

DC Ranch Country Club 2016

2017

91

107

$1,114,472

$1,192,554

$295.05

$301.06

SALE TO LIST $

96%

96%

AVG DAYS ON MARKET

145

138

HOMES SOLD AVG SALES PRICE AVG $ PER SF

Desert Highlands 2016

2017

20

30

$1,396,950

$1,475,693

$310.89

$316.02

SALE TO LIST $

94%

94%

AVG DAYS ON MARKET

237

255

HOMES SOLD AVG SALES PRICE AVG $ PER SF

MonsonLuxuryGroup.com

2016 TO 2017

2016

HOMES SOLD

Estancia

2017

8

16

$2,573,750

$2,390,522

$498.52

$446.74

SALE TO LIST $

93%

90%

AVG DAYS ON MARKET

300

410

AVG SALES PRICE AVG $ PER SF

Mirabel Club 2016

2017

13

13

$1,704,154

$1,828,106

$369.67

$407.95

SALE TO LIST $

92%

96%

AVG DAYS ON MARKET

184

91

HOMES SOLD AVG SALES PRICE AVG $ PER SF

Desert Mountain

2016

2017

106

102

$1,571,786

$1,696,819

$332.93

$349.60

SALE TO LIST $

94%

93%

AVG DAYS ON MARKET

299

322

HOMES SOLD AVG SALES PRICE AVG $ PER SF

MonsonLuxuryGroup.com

YEAR-OVER-YEAR COMPARISON 2016

HOMES SOLD

Whisper Rock

2017

7

9

$3,424,117

$2,164,778

$330.33

$349.03

SALE TO LIST $

89%

89%

AVG DAYS ON MARKET

319

229

AVG SALES PRICE AVG $ PER SF

Pinnacle Canyon 2016

2017

8

13

$1,078,000

$1,023,381

$255.08

$277.69

SALE TO LIST $

95%

95%

AVG DAYS ON MARKET

219

192

HOMES SOLD AVG SALES PRICE AVG $ PER SF

Candlewood Estates 2016

2017

11

22

AVG SALES PRICE

$842,182

$893,591

AVG $ PER SF

$233.69

$230.91

SALE TO LIST $

97%

96%

AVG DAYS ON MARKET

172

175

HOMES SOLD

MonsonLuxuryGroup.com

2016 TO 2017

2016

HOMES SOLD

Grayhawk

2017

118

112

AVG SALES PRICE

$675,283

$695,860

AVG $ PER SF

$236.83

$248.13

SALE TO LIST $

97%

97%

AVG DAYS ON MARKET

144

135

Windgate Ranch 2016

2017

31

42

$1,031,873

$1,054,259

$304.02

$294.86

SALE TO LIST $

95%

96%

AVG DAYS ON MARKET

133

133

HOMES SOLD AVG SALES PRICE AVG $ PER SF

Windy Walk at Troon 2016

2017

5

14

$1,791,000

$1,118,286

$362.10

$298.69

SALE TO LIST $

93%

94%

AVG DAYS ON MARKET

147

228

HOMES SOLD AVG SALES PRICE AVG $ PER SF

MonsonLuxuryGroup.com

ESTANCIA Scottsdale

A great value in Estancia Club, this custom residence offers spacious bedroom suites, private theater, views of Pinnacle Peak and so much more.

MIRABEL CLUB Scottsdale

Perched above the 7th fairway, this custom residence exudes a modern interpretation of the communities Southwest style with indoor/outdoor living.

6,195

5

5,588

5

3

7

5

5.5

SQUARE FEET

BEDROOMS

CAR GARAGE

28134 N. 96th Place

BATHS

OFFERED at $2,395,000

SQUARE FEET

BEDROOMS

CAR GARAGE

10970 E. Wildcat Hill Drive

BATHS

OFFERED at $1,829,000

PENDING SALE

TALUS AT TROON NORTH Scottsdale

Privacy and views abound in this Mediterranean designed home with front courtyard and spacious outdoors overlooking the desert beyond.

SILVERLEAF Scottsdale

Located in The Parks at Silverleaf, this turn-key residence offers a one-level main floorplan with upstairs bonus room and incredible backyard.

5,026

4

3,796

3

3

4.5

2

4.5

SQUARE FEET

BEDROOMS

CAR GARAGE

10822 E. Troon North Drive

MonsonLuxuryGroup.com

BATHS

OFFERED at $1,650,000

SQUARE FEET

BEDROOMS

CAR GARAGE

10092 E. Flathorn Drive, Lot 13333

BATHS

OFFERED at $1,495,000

WHAT IS LUXURY? a luxury lifestyle IT’S ALL IN HOW YOU CHOOSE TO LIVE People often wonder about the meaning of

If shopping, dining and nightlife are among

ranches. We are known for our equestrian

luxury. Many think it is only reserved for the

your favorite things to do, Arizona’s condos

history and offer the luxury of many options

uber wealthy or that luxury is something that

and highrise living is within walking distance

and amenities to choose from.

they can’t obtain. Luxury is the feeling you get

to top spots and urban centers making it ultra

from being comfortable and finding pleasure

convenient to live the city life. A luxury some

Whether you’re seeking a laid back feel, active

out of the ordinary. It’s pretty simple, in fact,

locations around the globe don’t offer.

family neighborhood, large estate property

and is a choice in how you choose to live.

or urban city life, Arizona’s choices for luxury When life is all about family and kids, one of

lifestyles are sure hard to beat.

Arizona is known for luxurious lifestyles

the areas master planned communities might

and they come in all shapes, sizes and price

be the ultimate luxury. Designed for people of

Ready to find your next luxury lifestyle?

ranges. There’s truly something luxurious for

all ages, these master planned communities

Contact one of our top agents for the latest

everyone.

offer community centers with pools, fitness

marketing information about what is available

facilities and ongoing monthly activities

that meets your needs. We are happy to share

Single family homes, villa residences and

that bring neighbors together allowing an

our expertise so you can make the most

condos, both big and small, are situated

immersive family-focused experience.

informed decision and investment.

offering miles of hiking trails, a plethora of golf

Dream about the wild west? Arizona is home

We look forward to hearing from you!

courses, tennis and biking paths. To those who

to many properties that are perfect for the

enjoy the outdoors and being active, owning a

amateur or professional equestrian ranging

home in one of these communities is a luxury.

from ranchettes to full service working horse

among golf communities and mountain ranges

MonsonLuxuryGroup.com

2017

MLG SALES

We are believers in good old fashioned hard work and our hard work in 2017 has helped us sell over 20 homes for more $37 million in residential sales. We had the pleasure of assisting clients in all prices ranges with several sales over $2 million. We are excited about the possibilities for 2018 as we continue to further develop our client offerings with our luxury home marketing program and buyer services. We look forward to continue our hard work into the new year!

“ I can’t imagine there being a better team of real estate professionals in the Valley...they invested in a relationship-based arrangement with us during a difficult time and found innovative ways to get the job done..” DM

silverleaf 19042 N. 102nd Street, Scottsdale

Seller

$4,926,500

pine canyon 1758 E. Elysian Court, Flagstaff

Seller

$962,835

paradise valley 7027 E. Sunnyvale Road, Paradise Valley

Seller

$3,600,000

windgate ranch 18442 N. 97th Way, Scottsdale

Buyer

$858,450

il segreto 2100 E. Missouri Avenue, Phoenix

Seller

$3,200,000

cactus corridor - tierra de los arcos 12402 N. 102nd Street

Seller

$880,000

serenity at grayhawk 21517 N. 81st Street, Scottsdale

Seller

$2,813,000

windy walk estates 10756 E. Yearling Drive, #43, Scottsdale

Seller

$775,000

lincoln heights 6501 N. 40th Place, Paradise Valley

Seller

$2,750,000

palmcroft 934 W. Coronado Road

Buyer

$515,000

sonoran highlands 24200 N. Alma School Drive, #53, Scottsdale

Seller/Buyer

$2,450,000

tapestry 4729 E. Hearn Road

Buyer

$510,000

dc ranch country club 9290 E. Thompson Peak Parkway #120, Scottsdale Seller

$2,250,000

ironwood village 9177 E. Nittany Drive, Scottsdale

Seller

$439,000

desert highands 10040 E. Happy Valley Road #504, Scottsdale

Buyer

$2,030,000

terravita 7152 E. Canyon Wren Circle, Scottsdale

Seller

$398,000

portales del sol 7647 E. Poinsettia Drive, Scottsdale

Seller

$1,800,000

la contessa 11011 N. 92nd Street #1093, Scottsdale

Seller

$208,000

chateau on central 2017 N. 1st Avenue, Phoenix

Seller/Buyer

$1,250,000

sonoran estates II at mcdowell mountain ranch 11368 E. Winchcomb Drive, Scottsdale

Seller

$1,229,000

MonsonLuxuryGroup.com

For more information about Monson Luxury Group’s past sales, visit us online at MonsonLuxuryGroup.com.

TREVISO Scottsdale

Located on a private lot backing a natural wash, this like-new home offers an open floor plan, warm interiors and a large backyard with pool and views.

ARROYO CANYON/SONORAN HILLS Scottsdale

Designed for entertaining, this residence greets you with a front courtyard, split floor plan, and spacious rooms on a very private lot.

4,630

4

4,023

4

3

4.5

3

3.5

SQUARE FEET

BEDROOMS

CAR GARAGE

BATHS

36706 N. Vasari Drive

OFFERED at $1,169,000

WINDY WALK AT TROON Scottsdale

This Windy Walk gem was remodeled and is perfect for part-time or full time residency with two master suites, an office and guest suite close to Troon Golf Club.

SQUARE FEET

BEDROOMS

CAR GARAGE

22883 N. 79th Place

BATHS

OFFERED at $1,099,000

TRAMONTO Phoenix

Incredible opportunity in The Parks at Silverleaf, this custom Formal Mediterranean Residence exudes fine interior finishes and elegant outdoor spaces.

3,554

3

3,380

4

3

4

3

3

SQUARE FEET

BEDROOMS

CAR GARAGE

25770 N. 106th Way

BATHS

OFFERED at $895,000

SQUARE FEET

BEDROOMS

CAR GARAGE

3018 E. Donatallo Drive

BATHS

OFFERED at $365,000

MonsonLuxuryGroup.com

YOUR PARTNERS for LUXURIOUS LIFESTYLES

Contact Us FOR MORE INFO

480.420.4LUX MonsonLuxuryGroup.com