http://www.HomesScottsdaleFor.com – http://www.Homes-ParadiseValley.com
Realtor Juan Pesqueira
480.458.8007
Buy Sell Search Contact
Right now the hottest market and the market that has done a complete 360 is the Phoenix Real Estate Market below $250,000. This market has negative month supply, multiple asking prices; cash is king, and buyers out bidding to get a property in escrow.
Toward the end of the year the Luxury Home Real Estate Market had a bunch of homes listed for sale and over 30 plus month supply. As we go into April and compared to March 2012 the inventory is beginning to drop and in some price ranges drop significantly. Yes the Million Dollar plus price range still has a lot of supply and inventory for buyers to choose but look at the huge drops from 14.9 to 7.9 ($1,000,000 – $1, 500, 00), 94.3 to 25.3 ($2,000,000 – $2,999,999), 99.0 to 24.5 ($3,000,000 – $3,999,999) and even 34.0 – 17.5 ($4,000,000 – $4,999,999). The time to buy any Luxury Home, Mansion, Penthouse Condo, Private Estate, Hill side property, etc is now. Just recently we sold the most expensive home in PV 10.5 Million (bank Owned), 5 Million Dollar auction sales in Paradise Valley and Scottsdale, and currently a bank owned home listed on top of the mountain in Paradise Valley listed at 1.4 Million already has over 10 offers beginning at 1.6 Million. There is a reason buyers are flying from all over the country to purchase these low priced luxury homes in Arizona.
Don’t be sitting on the bench while the game is being played. Take advice from the buyers in the Phoenix Arizona Market buying a home priced from $250,000 and below to stop waiting, the market is turning, and the great properties are being sold. Don’t pass the opportunity, because in the Luxury Home Market prices go up fast call us today 480.458.8007 or visit our SITE and tell us what you are looking for in your next fabulous estate. Lets schedule you a tour of our Arizona Desert Estates Now.
Estimated months of supply by price range
Comparison
Estimated Months of Supply
On March 13 On April 12
Data from ARMLS
|
Residential Sold Price Range |
March 13th Estimated Months Supply |
April 12th Estimated Months Supply |
|
$500,000 – $599,999 |
5.9 |
4.1 |
|
$600,000 – $699,999 |
6.2 |
5.1 |
|
$700,000 – $799,999 |
6.5 |
6.0 |
|
$800,000 – $899,999 |
15 |
6.8 |
|
$900,000 – $999,999 |
17.9 |
13.4 |
|
$1,000,000 – $1,499,999 |
14.9 |
7.9 |
|
$1,500,000 – $1,999,999 |
24.2 |
21.8 |
|
$2,000,000 – $2,999,999 |
94.3 |
25.3 |
|
$3,000,000 – $3,999,999 |
99.0 |
24.5 |
|
$4,000,000 – $4,999,999 |
34.0 |
17.5 |
|
Over $5,000,000 |
? |
29.0 |
|
Total |
1.8 |
1.3 |
How single family homes were purchased page
Maricopa County
March 2012
How Luxury Single Family Detached Homes Were Purchased
By Price Range
Data from ARMLS
|
Residential Sold Price Range |
Sales |
Cash Purchase (No.) |
Cash Purchase (%) |
Conv. Loan (No.) |
Conv. Loan (%) |
Other (No.) |
Other (%) |
Total |
|
$500,000 – 599,999 |
107 |
34 |
32% |
71 |
66% |
1 |
1% |
|
|
$600,000 – $699,999 |
59 |
23 |
39% |
34 |
58% |
1 |
2% |
|
|
$700,000 – $799,999 |
42 |
16 |
38% |
25 |
60% |
1 |
2% |
|
|
$800,000 – $899,999 |
30 |
15 |
50% |
15 |
50% |
0 |
0% |
|
|
$900,000 – $999,999 |
12 |
4 |
33% |
8 |
67% |
0 |
0% |
|
|
$1,000,000 – $1,499,999 |
49 |
27 |
55% |
22 |
45% |
0 |
0% |
|
|
$1,500,000 – $1,999,999 |
12 |
7 |
58% |
4 |
33% |
1 |
8% |
|
|
$2,000,000 – $2,999,999 |
11 |
8 |
73% |
3 |
27% |
0 |
0% |
|
|
$3,000,000 – $3,999,999 |
4 |
1 |
25% |
3 |
75% |
0 |
0% |
|
|
$4,000,000 – $4,999,999 |
2 |
2 |
100% |
0 |
0% |
0 |
0% |
|
|
Over $5,000,000 |
2 |
2 |
100% |
0 |
0% |
0 |
0% |
|
|
Totals |
AriZona Real Estate insider! 
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