Market Update Archives - Page 7 of 13

REALTORS® Expect Prices to Increase in Arizona

Oct 10, 2018

In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?”

Based on the responses of approximately 3,000 REALTORS® who answered this question in the August 2018 REALTORS® Confidence Index Survey, the median expected price change in the next 12 months nationally is 2.1 percent, a slower price appreciation compared to the 4.0 percent average during the January through May 2018 surveys (2.5 percent in July 2018 and 3.0 percent in August 2017).

The chart below shows the median expected price change across the U.S. states based on the June, July, and August 2018 surveys of REALTORS®.[1] The median expected price growth ranges from no change to five percent across the states.

REALTORS® who responded to the survey expect prices to typically increase in the state at four percent in Idaho, Nevada, Utah, Arizona, Alabama, and Delaware. Read more…

Luxury Real Estate Headlines: Last Week in July 2018

Jul 27, 2018

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles and home.

Telluride, Colorado | Bill Fandel, Telluride Sotheby’s International Realty

“Sitting on a 35-acre parcel just outside Telluride, Colorado, the home is a whopping 6,561 square feet and comprises ten interconnected pavilions, resembling more of a backwoods cul-de-sac than one residence. “

ABOUT 1068 WILSON WAY, TELLURIDE, COLORADO

Designed by the internationally-renowned architectural firm of Hugh Newell Jacobsen, this iconic property represents one of the rarest offerings in all the Rocky Mountains. Occupying a story-book setting in the mountains just outside Telluride, Colorado one discovers a residence compromised of ten-interlocking pavilions designed by Simon and Hugh Jacobsen. Carefully situated on a 35-acre estate parcel in the ultra-exclusive enclave of Gray Head, the home occupies a sun-drenched saddle offering breath-taking views of the surrounding 14,000-foot peaks. The residence is a wonderful combination of quarried limestone, glass, steel & native stone. Clean & sophisticated vaulted interiors were perfectly executed to savor the natural light and act as the ultimate backdrop for a carefully curated art collection. Nested around a circular motor court, the home’s dramatic spaces are warm & accommodating with walls of glass framing the staggering views of the surrounding meadows & mountains. A sophisticated series of environmental systems efficiently monitor and adjust for solar and air temperature changes for each pavilion and space, while the house employs radiant “air conditioned floors” to maintain the perfect interior climate.

Minimalist Home with Jaw-Dropping Rocky Mountain Views Asks $16.9M – Curbed

When Home is a Portuguese Bachelor Pad Fit for a King – Wall Street Journal

15 of the Most Expensive Homes in the World – Robb Report

Sotheby’s International Realty Continues to Expand Luxury Brand Presence in Southeast Asia – Sotheby’s International Realty

Hot Property: Homes for Cycling Fans – Financial Times

Golfer Raymond Floyd Finds Buyer for $17.5 Hamptons Home – Mansion Global

Lisbon’s Ornate Xabregas Palace Comes Up for Sale – The Spaces

News Anchor Tony McEwing is Ready to Call it a Wrap in Franklin Hills – Los Angeles Times

The Pinnacle Penthouse, The Woolworth Tower Residences, New York City – Elite Traveler

Tokyo Developments Curtailed by Rising Construction Costs – Financial Times

House Hunting in… Argentina – The New York Times

At Emirate Hills in Dubai, More is More – Mansion Global

LIVE | Music – Sotheby’s International Realty

This Ford GT40 From Le Mans is Poised to Take the Lead at RM Sotheby’s Monterey Sale – Robb Report

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Territorial Retreat Nestled at the Base of McDowell Mountains in Scottsdale, Arizona

Jul 3, 2017

Nestled in the foothills of Pinnacle Peak, McDowell and Troon Mountains, this territorial retreat backs to a natural wash offering privacy, serenity, and spectacular views of mountains and the Sonoran desert. This home carefully crafted with rounded walls, carved beams, Saltillo tile floors, Knotty Alder cabinets and doors evokes the beauty, charm and warmth of a southwest territorial. The great room floor plan is open and light with high ceilings, skylights throughout. The master suite features a sitting area with fireplace and luxurious bathroom with spa tub. Other features include a spacious kitchen with large island and breakfast area, 3 ensuite bedrooms. An expansive outdoor patio with fire pit and pool with rock waterfall overlooking mountains and desert are truly southwest living. For more information, click here.

Beautiful Family Home in DC Ranch

May 31, 2017

From the moment you enter the grand foyer, you’ll notice the casual elegance of this home with an inviting balance of formal and casual spaces recently updated with hardwood flooring and granite counter tops throughout. The gourmet kitchen with spacious island and area for pull-up seating opens to family room with fireplace, breakfast area and a charming courtyard. The master suite is a nice retreat with a large sitting room, luxurious bathroom featuring ”his and her” sinks, vanity and a spacious walk-in closet. This popular Cordellina model also features an office, guest suite, bonus/game room, and expanded laundry/mud room. The private outdoor living space backs to a natural open area and is the perfect place to relax or entertain featuring a large covered patio, gazebo, pool with rock waterfall.

Homes for Sale – Condominium in Resort-Style Community in Scottsdale, Arizona

Feb 8, 2017

Resort-Style Gated Community at the Base of McDowell Mountains

Entrance to Exceptional Condominium

Open Floor Plan Centered Around Great Room Fireplace

Kitchen with Granite Countertops, 42|| Maple Cabinets and Breakfast Bar

Oversized Patio Extends the Living Space

Resort-Style Amenities Include Heated Pool and Spa, Exercise Room, Billiard Room and BBQ

13450 E. Via Linda Unit 2025, Scottsdale Arizona Welcome Home!

This beautiful luxury residence is located in a gated resort style community at the base of the McDowell Mountains. The floor plan is open and spacious with a large great room and gas fireplace. The gourmet kitchen features slab granite countertops, 42” maple cabinets, gas cook top, and breakfast bar. Master bedroom is split and a secondary bedroom is ensuite and large enough to be used as an office or den. An expansive covered patio overlooking a greenbelt extends the living space. Community amenities include a heated pool and spa, clubhouse, and fitness center. Minutes to world-class golf, hiking, restaurants, and the Mayo Clinic.

REALTORS® Reported Stronger Housing Demand Amid Tight Supply in 2016.

Jan 25, 2017

REALTORS® reported stronger homebuying demand in 2016 compared to 2015, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] For the year 2016, the REALTORS® Buyer Traffic Index registered at 63 (60 in 2015), indicating that more respondents viewed buyer traffic conditions as “strong” rather than “weak.”[2] Homebuying demand is likely being bolstered by sustained job and income growth, with approximately six million net jobs gained since the recession that ended in 2009.REALTORS® reported stronger homebuying demand in 2016 compared to 2015, according to the December 2016 REALTORS® Confidence Index Survey Report, a monthly survey of REALTORS® about their sales activity and local market conditions.[1] For the year 2016, the REALTORS® Buyer Traffic Index registered at 63 (60 in 2015), indicating that more respondents viewed buyer traffic conditions as “strong” rather than “weak.”[2] Homebuying demand is likely being bolstered by sustained job and income growth, with approximately six million net jobs gained since the recession that ended in 2009.