Paradise Valley Homes

Paradise Valley Arizona Real Estate by the Numbers

Carmen Brodeur — Mon, 28 Jan 2013 20:57:36 +0000

The good news in Paradise Valley AZ which is more of a luxury market than any other part of metro Phoenix is that the number of distressed properties has dropped precipitously. At one time in 2010 there were over 105 distressed single family homes, currently there are 43 distressed properties. Of these 43, 4 are under contract and another 7 are actively listed. As this distressed inventory decreases we see prices rise. We see this when we look at the number of homes that have closed in 2011 vs 2012 and their prices. In 2011, 395 single family homes sold in Paradise Valley, of those on 1 acre or more the average price was $1,638,000.

In 2012 the number of closed homes was almost identical, 391, so demand essentially was the same. The average price of homes on one acre or more rose to $1,721,000, an increase of 5% over the year before. While these numbers are not as high as the median price increases in Metro Phoenix one has to remember, the luxury market trails by 18-24 months at the 1.5-2.5 million dollar price point. The other caveat to keep in mind is of the 391 homes sold, 241 were on acre or more, and 319 on 35,000 sq feet or more in 2012. The number of homes on an acre or more increased ever so slightly from 237 in 2011. So things are headed in the right direction for both price and lot sizes.

Another interesting note is the number of new builds in Paradise Valley. Currently there are 12 new build homes built in 2012, or 2013 that are on the market on a lot 1 acre or more. Compare that to 2007 when over 100 were under construction (113). If one wants a new home the options are currently limited. New build construction hit a low in Paradise Valley in 2012 with only 34 new homes being built. Compare that to 2009 when 263 new builds, most of which were started in 2006 and 2007 at market peak were completed.

I can be reached at (602) 791-0536 to schedule an appointment to view any Paradise Valley or Scottsdale homes for sale.

Carmen Brodeur
Realtor | Attorney
The Brodeur Luxury Group | Trillium Properties
8755 E Bell Road, Suite 108 | Scottsdale AZ 85260
Cell (602) 791-0536
Direct (800) 300-0263
www.TopScottsdaleHomes.com

Ring in the New Year at the Famous El Chorro in Paradise Valley

Carmen Brodeur — Fri, 28 Dec 2012 18:01:43 +0000

This year the El Chorro restaurant in Paradise Valley is ringing in the new year right. Join them for happy hour from 4:00 to 6:00pm and then enjoy their regular dinner menu beginning at 5:00pm. You can enjoy your favorites without all of the fuss of a preset menu like many other restaurants.

It will be a great opportunity to try out their new winter cocktail menu. This season’s menu includes a Southwestern Winter Mojito, Holiday Cosmo, Sticky Keoki, and many more.

Enjoy this New Year’s Eve with friends and family!

Carmen Brodeur
Realtor | Attorney
The Brodeur Luxury Group | Trillium Properties
8755 E Bell Road, Suite 108 | Scottsdale AZ 85260
Cell (602) 791-0536
Direct (800) 300-0263
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com

Happy Holidays from Trillium Properties

Carmen Brodeur — Mon, 24 Dec 2012 14:00:57 +0000

Happy holidays from all of us at Trillium Properties!

Unique Paradise Valley Luxury Home for Sale

Carmen Brodeur — Tue, 11 Dec 2012 19:58:31 +0000

Today’s featured home for sale in Paradise Valley is a brand new luxury home with a unique Prairie style architecture. We do not see this style often. Construction has just begun on this fantastic Paradise Valley real estate opportunity. The right buyer will get to choose the finishes of their choice if they act fast. It is scheduled to be completed by fall 2013.

This home is priced at $2,500,000 and features an attached guest casita along with a separate guest house. The main house and attached casita is 4,286 square-feet with a total of 4 bedrooms and 4.5 bathrooms. The completely separate guest house is 650 square-feet with 2 bedrooms, 1 bathroom with a separate a kitchen and living room. This home will be perfect for someone with multiple guests or with relatives living with them.

The amenities of the home will include 10′ ceilings, hardwood floors, custom hardwood doors, custom cabinetry, energy efficient building systems, a commercial kitchen and much more.

For more information about this home or to schedule a time to walk the property call Marc Brodeur at (602) 692-4288.

Your Paradise Valley Homes Team Wishes You a Very Happy Thanksgiving

Carmen Brodeur — Thu, 22 Nov 2012 15:07:51 +0000

Happy Thanksgiving from your Paradise Valley and Scottsdale homes team. We wish you a wonderful holiday weekend with the ones you love.

Scottsdale Art Fest Begins Today

Carmen Brodeur — Fri, 19 Oct 2012 17:08:45 +0000

The Art Fest of 5th Avenue in Scottsdale begins today. It will be held October 19, 20 and 21st from 10 am to 5pm. This Art Fest will feature independent artists and shops between Scottsdale Road and Goldwater Boulevard. There is free admission and free parking. Get out and enjoy the artistic flavor of Arizona. Our vibrant art scene is one of the reasons that so many people choose Paradise Valley or Scottsdale homes.

Call me to schedule an appointment to view any Paradise Valley or Scottsdale homes for sale.

Homes for Sale in Paradise Valley

Carmen Brodeur — Mon, 24 Sep 2012 16:33:57 +0000

View the current homes for sale in Paradise Valley below. This is the easiest way to search for the current homes available in this highly desirable town of Paradise Valley.

The link will update daily and add any new homes that come on the market so you can check back any time for the most current and up to date information.

Showing properties 1 - 5 of 299. See more Paradise Valley Search All Homes.
(all data current as of 5/18/2013)

$2,695,000 : 5678 E Cheney Drive, Paradise Valley

4 beds, 4.50 baths

Home size: 5,550 sq ft

Lot size: 1.95 ac

Year built: 1998

Parking spots: 6

Days on market: 0
$2,250,000 : 3301 E Claremont Street, Paradise Valley

6 beds, 6.00 baths

Home size: 5,598 sq ft

Lot size: 1.04 ac

Year built: 1998

Parking spots: 23

Days on market: 1
$1,000,000 : 6801 E Beryl Avenue, Paradise Valley

5 beds, 4.00 baths

Home size: 4,287 sq ft

Lot size: 34,689 sqft

Year built: 1973

Parking spots: 3

Days on market: 1
$1,295,000 : 6019 N La Colina Drive, Paradise Valley

3 beds, 2.50 baths

Home size: 3,000 sq ft

Lot size: 1.00 ac

Year built: 1995

Parking spots: 4

Days on market: 1
$799,000 : 6319 N Mockingbird Lane, Paradise Valley

3 beds, 2.50 baths

Home size: 3,001 sq ft

Lot size: 1.13 ac

Year built: 1970

Parking spots: 3

Days on market: 1

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Feel free to call me at (602) 791-0536 if you are interested in viewing homes for sale in Paradise Valley or Scottsdale.

Carmen Brodeur
Realtor | Attorney
Trillium Properties
Cell (602) 791-0536
Direct (800) 300-0263
www.ParadiseValleyAZ.com

Paradise Valley AZ is Posting 16 New Entryway Signs to the Town

Carmen Brodeur — Tue, 17 Jul 2012 17:52:55 +0000

Paradise Valley AZ was created out of unincorporated Maricopa County by property owners who did not want to be part of either Phoenix or Scottsdale. They did not want to be annexed by either city. Why? Because they wanted to keep the larger lots, and keep out commercial businesses from being in their (area) now a town. To note when you go from one to the other Paradise Valley has some old monument signs you will see as you enter the Town. Tatum & Shea, coming in from the east on McDonald or Cheney, and many other places. These will be replaced with the newer entryway signs one sees driving eastbound on Lincoln, coming in from the Biltmore area at 32nd Street & Lincoln.

The old entry way signs have an image of Camelback Mountain on the background, with “Welcome to Paradise Valley.” They do look dated and quaint. The Town has recognized this for years and now has budgeted to replace the old signs. The new signs are more a western contemporary “ranch” look with a cube of rocks in a rusted metal wire. On top of the rocks is a large sheet of rusting steel with “Welcome” on the top line and “Town of Paradise Valley” on the bottom line (see below). A sleeker, more modern look combined with elements of the old west. A style similar to the theme at DC Ranch’s Market Street, and throughout much of DC Ranch in N Scottsdale.

A rendering is below, and for the real deal, one can see it at the SE corner of 32nd Street & Lincoln. Soon these will also be seen at:

Invergordon (64th Street) & Mountain View Roads (Coming in south on 64th street from Shea)

Shea Boulevard at Tatum Boulevard and also at 52nd Street.

Doubletree Ranch Road at Tatum Boulevard (next to Tesseract School) and at Scottsdale Road (coming in from Gainey Ranch)

Indian Bend and Scottsdale roads.

McDonald Drive at 44th Street and at 70th Street.

Fanfol Drive and Scottsdale Road.

Cheney Drive and Scottsdale Road.

Lincoln Drive on the Ritz-Carlton resort property.

Jackrabbit and Scottsdale roads.

Vista Drive and Scottsdale Road.

Invergordon and Chaparral roads.

Colter and 40th streets.

Stanford Drive and 32nd Street.

Our goal is to keep you informed about the Paradise Valley Real Estate Market in Paradise Valley Arizona. If you have any questions about listing your home in this market, short sales, foreclosures, or anything else regarding Paradise Valley real estate please feel free to contact Carmen at (800) 300-0263.

Carmen Brodeur
Realtor / Attorney
Realty Executives
Cell (602) 791-0536
Direct (800) 300-0263
www.ParadiseValleyAZ.com

Paradise Valley AZ Real Estate Market July 2012

Carmen Brodeur — Sat, 07 Jul 2012 22:20:54 +0000

The Paradise Valley Arizona real estate market just finished its 2nd quarter of 2012 and its tilting upwards finally. There are 236 homes that are active on the market, 38 are “active with contingencies.” Most of those “active with contingencies” are short sales with accepted offers, contingent upon bank approval. I am not sure how “active” they are once they have an accepted offer but that is how ARMLS classifies them. There are currently 27 homes pending. Currently there is 1, read that again, one, foreclosure listing in Paradise Valley (list price is $2.4 M). Currently there are 71 homes with a trustee (foreclosure notice). Of these, over 12 are AWC (active with contingencies), 2 are pending, 7 are actively listed without offers, the rest appear headed back to the lender.

In the second quarter (Q2) of 2012 there were 124 closings, slightly down from 2011′s 134, but significantly up from 2010′s 91. This is not unlike the rest of the Metro Phoenix Real Estate Market. Transactions have dropped due to a lack of inventory.

Paradise Valley Real Estate

Starting in Jan 24, 2012 there were 296 homes on the market in Paradise Valley Arizona , now there is 236 active homes. A significant drop. But what is very interesting is when one slices it up by price point.

Jan 2012 there were 67 homes under 1.0 million, now there are 32. Jan 2012 there were 103 homes between 1-2 million, now there are 77. So under 2.0 Million, the inventory dropped from 170 to 99 in just under 6 months! That is a 42% drop. Paradise Valley home inventory between 2-3 million was at 61 in Jan 2012 and still is at 61 homes now. From 3.0-5.0 Million, it was 47 and is now 43, so a slight drop there. Over 5.0 million there was 27 in Jan 2012 and now there is 24. So roughly a 10% inventory drop at the top of the market.

The sweet spot in Paradise Valley is under 2.0 million. With the inventory dropping so rapidly there is upward pressure on home priced under $2,000,000 but particularly under $1.0 M. I would expect the inventory to drop in the 2.0-3.0 M inventory next spring and then we will see significant upward price changes occurring through 80% of the price point market. That is particularly evident currently in properties under 1.0 million. As long as demand stays steady as it has, with supply dropping, prices are increasing.

Over all prices in Q2 2012 were up 1.02% from Q2 2011 ($294/sq foot vs $288/sq foot) so the tilt back upward after a 5 year fall has begun.

Prices are up, transactions are down, but inventory is even lower giving buyers fewer homes to choose from. This in turn is driving up prices. Demand is still there but many buyers don’t want to over pay. However the inventory levels may leave them behind if they don’t buy now. Finally its tilting back to a seller’s market again in the less expensive segment of Paradise Valley.

If you have any questions, about listing or buying a Paradise Valley home or estate, feel free to contact me at any time.

Carmen Brodeur
Realtor / Attorney
Realty Executives
Cell (602) 791-0536
Direct (800) 300-0263
www.ParadiseValleyAZ.com

Paradise Valley Homes Have Money in the Walls!

Carmen Brodeur — Mon, 04 Jun 2012 03:36:25 +0000

A half million dollars was discovered in the walls of a Paradise Valley home last year. The home was under renovation and the contractors found approximately $500,000 hidden in the walls. This week, the Court of Appeals decided that the Paradise Valley AZ family that sold the home in 2008 were the rightful owners of $500,000 in cash. The home had been the property of Robert Spann, the CEO of Gilbert Corning who passed away in 2001. The daughters of Mr Spann, Kim Spann & Karen Spann took possession of the home after his death. The sisters apparently found other cash, bonds, gold and valuables before they sold the home in 2008.

The contractor interestingly enough tried to keep the money for himself initially until his employees informed the owners. The new owners assumed it was theirs. Finders keepers, losers weepers right? Apparently the appellate judge felt otherwise and awarded the sisters the money, stating it was not abandoned but misplaced.

Unanswered is how the Spann sisters found out about the money. One would assume the Paradise Valley police as the owner called the police when they found out about the money. It would be normal for the owners to think the money was theirs, as it came out of the home they purchased. If they had known what the law would have determined, would they have simply split the money up between them? Human nature probably says yes. How would the former owners have ever found out about it? They only knew because the police had been called. This was an appellate court decision so the decision has already been appealed.

If you have any questions about listing your home in this market, short sales, foreclosures, or anything else regarding Paradise Valley real estate, please feel free to contact me at (800) 300-0263 or (602) 791-0536.

Carmen Brodeur
Realtor | Attorney
Realty Executives
Cell (602) 791-0536
Direct (800) 300-0263
www.ParadiseValleyAZ.com