Facts and Figures Courtesy of Michael Orr
Luxury Home Real Estate Market Report
North Scottsdale & Paradise Valley
Victoria Felice - Associate Broker, GRI, SRS - Realty One Group - 602-359-5432
Victoria Felice Presents
Dollar Volume – First Six Months Closings
Luxury Home Report - ARMLS Residential– Single Family Homes Over $1M
Last Update: 9/24/15©2015 Cromford Associates LLC – Sharing is permitted from Cromford Report subscribers only.
$174 $178 $191
$345
$511 $513$477
$261
$188
$245$285 $287
$384$351M
$482M
Amounts are Represented in Million Dollars Rank = #3
Dollar Volume – Second Quarter Closings
Luxury Home Report - ARMLS Residential– Single Family Homes Over $1M
Last Update: 9/24/15©2015 Cromford Associates LLC – Sharing is permitted from Cromford Report subscribers only.
$1.74 $1.78 $1.91
$3.45
$5.11 $5.13$4.77
$2.61
$1.88
$2.45$2.85 $2.87
$3.84 $3.51
M
$4.82M
$98
Amounts are Represented in Million Dollars Rank = #1
$102
$104
$178
$306
$261
$270
$142$111
$126
$162$175
$223
$173
$314
Dollar Volume – July & August ClosingsLuxury Home Report - ARMLS Residential– Single Family Homes
Over $1MLast Update: 9/24/15©2015 Cromford Associates LLC – Sharing is permitted from Cromford Report subscribers only.
$1.78 $1.91
$3.45
$5.11 $5.13$4.77
$2.61
$1.88
$2.45$2.85 $2.87
$3.84
Amounts are Represented in Million Dollars Rank = #9
$102
$104
$178
$261
$270
$142$111
$126
$162$175
$223
$62$73
$78
$102
$191
$121
$159
$100 $108 $97
$65$82
$117 $110
$101
Dollar Volume – September Closings (to 23rd)
Luxury Home Report - ARMLS Residential– Single Family Homes Over $1M
Last Update: 9/24/15©2015 Cromford Associates LLC – Sharing is permitted from Cromford Report subscribers only.
$1.78 $1.91
$3.45
$5.11 $5.13$4.77
$2.61
$1.88
$2.45$2.85 $2.87
$3.84
Amounts are Represented in Million Dollars Rank = #7
$102
$104
$178
$261
$270
$142$111
$126
$162$175
$223
$62$73
$78
$102
$121
$159
$100 $108 $97
$65$82
$117
$21
$16
$24
$40
$51$47
$25
$28$24
$12
$18
$24
$29
$51
$27
Luxury Market Over $1 Million by Zip Code
Rank City Zip Code Active (not UCB)
Annual Sales
Days of Inventory
1 Scottsdale 85254 16 27 2162 Scottsdale 85258 19 28 2483 Phoenix 85018 70 93 2754 Scottsdale 85260 22 28 2875 Scottsdale 85259 58 73 2906 Paradise
Valley85253 251 269 327
7 Scottsdale 85250 9 10 3298 Scottsdale 85251 34 36 345
Victoria Felice - Associate Broker, GRI, SRS - Realty One Group - 602-359-5432
Luxury Market Over $1 Million by Zip Code
Rank City Zip Code Active (not UCB)
Annual Sales
Days of Inventory
9 Phoenix 85044 10 10 36510 Phoenix 85048 8 8 36511 Phoenix 85016 39 38 37512 Scottsdale 85255 234 227 37513 Tempe 85284 10 9 40614 Gold Canyon 85118 13 11 43115 Scottsdale 85262 208 156 48716 Fountain
Hills85268 49 36 497
Victoria Felice - Associate Broker, GRI, SRS - Realty One Group - 602-359-5432
Luxury Market Over $1 Million by Zip Code
Rank City Zip Code Active (not UCB)
Annual Sales
Days of Inventory
17 Phoenix 85012 7 5 51118 Mesa 85207 27 17 58019 Scottsdale 85266 68 40 62120 Carefree 85377 39 19 74921 Chandler 85249 11 5 80322 Peoria 85383 12 5 87623 Cave Creek 85331 37 13 1,03924 Gilbert 85298 9 3 1,095
Victoria Felice - Associate Broker, GRI, SRS - Realty One Group - 602-359-5432
Situation Summary - September 2015
• Overall supply is 31% below normal but rising• Demand is 100% but falling• AZ loan delinquency is below normal at 3.8%• Lending rates are starting to loosen• Luxury Market
• Strongest in areas close to central amenities• Weaker in remoter areas
• General optimism prevails – but new momentum?• Low end supply is a major concern
Victoria Felice - Associate Broker, GRI, SRS - Realty One Group - 602-359-5432
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Luxury Real Estate Specialist
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Victoria Felice - Associate Broker, GRI, SRS - Realty One Group - 602-359-5432