The Most Expensive Home sold in Arizona last week - 8/23/16

The most expensive home sold in Arizona last week is an enormous 14,000 square foot palatial estate located in the highly sought after subdivision of Silverleaf in Scottsdale. Massive in stature this luxury property is fit for royalty in it's design and amenities. Situated on over two acres of prime real estate the city and surrounding desert views are spectacular from wherever you are whether it be inside or out. A stately balcony greets you atop the grand front entry doors. The exterior is perfectly sculptured and landscaped to provide garden paths and serene walkways. The sparkling pool and spa top off a perfect outdoor experience for both guests and homeowners.  

The interior of this luxury home is also everything you'd expect from such a magnificent mansion. The grand spiral staircase is one in which you can envision ballgown and tuxedo clad party goers snapping their keepsake pictures. Soaring ceilings, elegant chandeliers, and wood beamed accents are just the beginning of what you'll see when you enter in to this wonderful property. A chef's kitcen and full entertainment bar allow for any home chef or amateur mixologist the ability to perfect their craft. The wine room, sauna, and full guest quarters round out what owning a luxury home truly means. Click on the picture below for the full MLS listing:

Location: Scottsdale

Size: 14,313 sqft

Bedrooms: 5  

Bathrooms: 8

Lot size: 92,218 sqft

 

If you are in the luxury home market and want a list of luxury homes available in Arizona, contact us Today! We'd love to help you find your dream home!

Source: http://activerain.com/blogsview/4936716/th...

How long will it take to sell my Gilbert, AZ home? - July 2016

July saw a big increase in the amount of time it was taking to sell a home in Gilbert, Arizona which is the first such increase in two months. On average in the month of July 2016 a home in Gilbert took 60.2 days on the market which is almost a 7 day increase over the previous month's numbers. However, year over year numbers are still steady which shows a stable and healthy market. There are still some homes in the most highly sought after neighborhoods and locations which are selling almost as fast as they are being placed up for sale, and yet some other homes in the higher price brackets are taking longer than the average to sell. 

The most competitive price range in Gilbert, Arizona currently is that of the first time home buyer between $200,000 and $250,000. Homes in that price range are being bought up the quickest and some are receiving multiple offers within the first few weeks of being listed for sale.

We are now winding down the busy Summer selling season. Historically during this time of year it will begin to take a little more time to sell a property as the fall and winter season slow down approaches. If you're a buyer, you want to see the Days on Market increase because for you that means you have more time to think about a home before needing to make an offer. If you're a seller you want to list your house sooner rather than later. The Summer time real estate market will bring more listings and more homes competing against yours for the eyes and dollars of buyers. Armed with a little knowledge and a hard-working real estate agent from Zion Realty buying or selling a home will be a little less stressful! 

If you need more information on homes for sale in Arizona or to find out what your current home is worth contact us Today!

Source: http://activerain.com/blogsview/4936189/ho...

The Most Expensive Home sold in Arizona last week - 8/16/16

The most expensive home sold in Arizona last week is a massive 10,000 square foot luxury estate located in the highly sought after zip code 85253 in Paradise Valley. Palatial in stature, just driving up to the entrance of this home gives one a feeling that they have been transported to one of the finest properties in the Valley. The intricately designed front courtyard and driveway instantly welcome residence and visitors with a special design flare. The huge iron and glass front entry doors and stately and grand. The interior includes large stone columns and deep, rich toned wood floors. The builder and designer of this property wanted to present this as a grand estate. Everything is big from the cabinetry, to the chandeliers, to the multiple floor to ceiling fireplaces.  

The exterior of this luxury home is also everything you'd expect. A vast carpet of green grass not often seen here in the desert beckons you to take off your shoes and enjoy the softness of the sod beneath your feet. The sparkling oval shaped pool and spa will provide the new owners plenty of relaxation opportunities as well as entertainment possibilities. The sunken covered ramada and barbeque area are perfect for lounging and grilling with friends and neighbors. Click on the picture below for the full MLS listing:

Location: Paradise Valley

Size: 10,900 sqft

Bedrooms: 8  

Bathrooms: 11

Lot size: 43,560 sqft

 

If you are in the luxury home market and want a list of luxury homes available in Arizona, contact us Today! We'd love to help you find your dream home!

Source: http://activerain.com/blogsview/4933480/th...

July 2016 Market Report - How much is my Gilbert, AZ Home worth?

Every home owner wants to know how much their property is worth. Prices have long since stabilized for the most part here in Arizona and the dramatic shifts in upward and downward pricing have largely ceased. Bidding wars are few and far between and are only reserved for those most sought after locations around the Valley where properties rarely come available. But what can a home owner expect to get from their Gilbert, Arizona home?

The Sold to List ratio is a comparison between the price of what a seller listed their home for sale versus the price in which the home was eventually sold. In July, home sellers in Gilbert, Arizona saw a slight decrease in this ratio after a minuscule increase the previous month. According to the numbers, home owners are getting around 97.2% of their asking price when selling their home. Traditionally, prices and values increase during the busy Summer season and start to slightly decrease once the Fall and Winter approach.

The Sold to List price average is around the same percentage it was a year ago which shows a strong and stable real estate market here in Gilbert, Arizona. This is a good reminder to sellers that although you can list a home for sale at whatever price you feel is fair, the free-market will dictate what the home is worth. Ultimately, a home is only worth what someone is willing to pay for it. There are certainly homes that get offers at the full listing price but on average most home owners are only getting close to the 97.2% ratio shown in this latest graph.

Conversely, this is also a good reminder to buyers that sellers are getting the majority of their asking price so low-ball offers are not only being roundly rejected but are completely unrealistic in today's stable market. The Gilbert housing market has been steady all year so a dramatic shift up or down in the Sold to List ratio would be a surprise as we approach the busy Spring and Summer market.  

If you need more information on homes for sale in Arizona or to find out what your current home is worth contact us Today

Source: http://activerain.com/blogsview/4932886/ju...