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THE MARKET

Buyers Around the Globe Expand Their Search for Luxury Properties

In luxury markets across the globe, buyers are taking a closer look at slightly more out-of-the-way destinations that may offer a bit more value, after a booming real estate market saw prices skyrocket.  Two high-demand luxury destinations are Scottsdale and Paradise Valley near Phoenix, Arizona.  Buyers are moving to these two cities for the lifestyle and jobs are following.
 
 
This section of  the 2023 Luxury Outlook report, explores some of the destinations experiencing growth as a result of Buyers changing needs including Scottsdale and Paradise Valley.  I hope that this compilation of research and industry perspectives, exclusively presented by Sotheby’s International Realty, helps you as you look to invest you equity wisely in the year ahead.
 
 
As always, I am here to answer any questions regarding the market locally or assist in connecting you with a Sotheby’s International Realty expert in another part of the country or world.  Search Luxury Real Estate in Scottsdale and Paradise Valley.
 
Read Report Here
 

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Luxury Outlook 2023

I am pleased to introduce the Sotheby’s International Realty 2023 Luxury Outlook report, which outlines the industry trends and happenings across high-end residential markets around the world. In 2022, we saw mortgage rates soar after two years of historic lows, fueling a “lock-in” effect that strained an already tight market as homeowners continued to spend more time at home than ever before. In this report, we highlight the trends that you can expect in the year ahead, from the projected flow of global wealth into the real estate market to luxury real estate in the metaverse.
 
 
Through the 2023 Luxury Outlook report, our goal is to help you navigate this fast-moving and ever-changing real estate market. I hope that this compilation of research and industry perspectives, exclusively presented by Sotheby’s International Realty, helps you as you look to invest you equity wisely in the year ahead.
 
 
Here is a snapshot of takeaways from the report:

 

 
As always, I am here to answer any questions regarding the market locally or assist in connecting you with a Sotheby’s International Realty expert in another part of the country or world.  Search Luxury Real Estate in Scottsdale and Paradise Valley.
 
Read Report Here
 

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The Market: Housing Market Update 3rd Quarter 2022

The Market: Housing Market Update 3rd Quarter 2022

Housing Market Update for Phoenix and neighboring communities including Scottsdale, Paradise Valley, Arcadia and Gilbert.
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“Homes prices per square foot have appreciated 40.3% over the last two years.”

Sales of existing homes declined in the 3rd quarter as the housing market continues to undergo an adjustment due to rising interest rates according to national and local housing market economists. Home sale prices, however, increased from one year ago.

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New to Market! 11900 N. 32nd Street Unit 27

Incredible opportunity to own this beautiful home in 32 North, a quiet enclave within the burgeoning North 32nd Street neighborhood.  Rarely available, this open concept  floorpan with indoor-outdoor living is perfect for today’s modern lifestyle.  This spacious home is light and bright with contemporary elements featuring a well appointed designer kitchen with shaker style cabinetry, luxury granite countertops, and stainless steel appliances.  The generous kitchen island with counter seating overlooking the great room, dining area and charming courtyard style patio is perfect for entertaining.

32 North is within minutes of the Phoenix Mountain preserve with hiking and mountain biking trails, parks, golf, and dining hotspots.  32 North is walking distance to BASIS Phoenix school and close to the heart of the valley with easy access to the freeway, airport and downtown Phoenix. Learn more.

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