Bucking the trend, who says the market is down? Not when there are million dollar estates involved. So far June shows to be the most active month with 33 recorded sales and that's more than a 50% jump year over year with June 2006 only recording 20 sales. May also was impressive with 41 recorded sales. Both May and June only had 2 sales each that were under one million dollars. If you are an investor looking for bargain prices better be prepared to spend at least one million on that fixer upper.
Investors are starting to see the value in higher dollar properties and many more are taking advantage of the down turn in the past two years. As land in Paradise Valley is seen as a premium virtue, investors are looking hard at older homes to tear down and rebuild new. This market has provided for the inevitable change. Not only builders and investors can take advantage of this price relief but it allows for anyone interested to buy at these below market values.
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ZIP Codes: 85253, 85018, 85026, 85020, 85016 Location Characteristics: Paradise Valley is the premier city for Arizona. Nowhere else will you find the extravagant, the plush and the endless display of fortune. Home prices start around one million dollars to the tens of millions. Surrounding Camelback Mountain Park, Paradise Valley can excite the wealthiest of tastes and offer convenience to the heart of many surrounding areas, such as downtown Phoenix, Tempe Town Lake, Scottsdale and quick access to your private jet in Scottsdale Airpark. Come see why this is the number one destination for your top dollar. Ask for Christian Broadwell when calling 480-206-1258 or chris@azcoproperties.com. I can be your personal guide.
About Christian Broadwell, GRI (480) 206-1258:
Designated Broker, Realtor, GRI and Engineer I work in Arizona Real Estate from Land to Luxury Homes, New Homes and Commercial Property Specializing in South Mountain Living. Ahwatukee, Baseline Corridor, Chandler, Paradise Valley, Scottsdale, Gilbert, South Mountain Village, Laveen, Goodyear, Avondale, Tolleson and Estrella Mountain Ranch
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
