Phoenix, Scottsdale AZ Realtor -Compass Scottsdale, paradise Valley, north central , Arcadia , Biltmore, Tempe Gilbert 2nd homes, relocations 🏡 PHX native
Phoenix, AZ
Joined May 2023
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Phoenix metro city by city annual average $/per ft and annual average $ per/ft last year with % change
I don't like blended #'s like this as price per ft is based on several factors; lot location, overall sq footage of the house, pool or not etc but this is a good starting pt
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15,426
There is a big sideline market in the 900k-1.5m range of move up buyers who feel about 10-20% off on today’s market prices for the condition of the homes vs what they’d buy/write an offer on
Most of the buyers that come into open houses or interact with in that range are waiting
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It’ll still go under contract within 30 days
If it misses the mark on 1-2 things, expect price reductions , price negotiations, longer days on market
I’m seeing it with my own listings in this market in that range
804 Myrtle is one example
1.2m start, down to 1.13m
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Phx neighborhood spotlight
Marion estates
40th st north of camelback /stanford (and north)
East to 44th st
10-20k sq ft lots
A mix of old ranches with new modern builds. Can we do less white black modern boxes? Plz
Some other nicer more design forward new builds as well
Great follow and insights on the higher end Short term rental market
There is still a healthy appetite on the renting side and strong performance on the owner/operator investor side running these in Scottsdale assuming it's something like the picture below.
Trust me, I'm the first guy to be pumped if there's an actual fire sale of Airbnbs (there's not)
We have 72 of them under contract with investors right now.
There's no huge dump of Airbnbs on the market. Anything that is a strong "A-level" property is getting 2-7 offers because what you see on Zillow is a bunch of hot garage properties.
Much of what you see is average product that someone unsophisticated person bought during the peak (2022 or 2023).
Think boring 3 bedroom home. Think older style cabin in a mountain market filled with newly built modern homes. Outdated beach cottages with no design.
(See Photo) - These properties are not on fire-sale or being dumped in masses
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Bike with me in 75° weather down Exeter Boulevard in Arcadia proper
What was once Miles of citrus orchards has become a playground for new money and also legacy family wealth
Exeter has several $10 million plus sales putting it on par with Paradise Valley
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Also I know my bike needs lubricant and is squeaky I’ll get that fixed - makes for brutal background noise
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Roofers and HVAC techs licking their chops about to file insurance claims 😂
WATCH: Monster cell dumping golf ball size hail right now in North Phoenix. Severe thunderstorm warning expires at 4:30 p.m. and could bring 2.5" hail and 60 mile per hour winds. Live coverage starts at 4P! @FOX10Phoenix
Syndicates raising $ for spec builds in AZ with 25-30% IRR promises to outside LP's feels very late cycle similar to the last of the raising capital for value add multi fam in 2022-2023
That being said the spec market is still humming in PV/Scottsdale/Arcadia/north scottsdale
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Gilbert neighborhood spotlight
Waterston new build community
Val Vista and Ocotillo
1 and 2 story options, neighborhood amenities, community parks, green spaces, large pool, playground biking paths
Prices 600k-1m+
Square ft: 2500-4500
3-5 bedrooms
A rated schools
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Phoenix, neighborhood Spotlight 🏡
7th avenue-10th avenue
Northern south to Kaler
Landerwood/north vista neighborhood
1/3+ acre lots , mature trees , winding shade, covered streets , big front yard, hangouts, neighborhood block parties
Ideal Americana 🇺🇸
900k-1.7m price
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Bidwill will not sell for a long time; he cash flows the team; it's his main source of income and family asset
He's a plague on the state of Arizona but man do I wish he would so the Cardinals could get a new owner and thrive
#bidwillout
Here’s the deal. We raised $3985, rounding up to $4,000. @SharkeyAZ is going match our donation to make it $8,000 in advertising. Digital billboards should be out today / tomorrow.
Scott has 12 digital billboards across the valley. I’ll get the locations asap.
It’s officially patio season , outdoor cocktails , good food & weather
Adobe grill at the Biltmore hotel, happy hour daily 3-6
Kid friendly
One of the only prickly pear margaritas in town that doesn’t taste like pure sugar either - more tart
We’re all the way back 🍻🍹☀️
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