$508 $461 $251 SellingLUXURYARIzONA 12-month moving average reached about $270 per square foot in August, 23 percent above the lows of 2011. Average under contract pricing reached a peak of $257 per square foot during March 2014 and has since made no consistent moves. As of September 1, the average fell to $245. This is mainly due to the recent increases in homes under contract that are priced below $1 million. It may be too early to tell, but while this probably won’t be a breakout fall, we are at least starting in a healthier state than last year. Slow and steady improvements are very likely to continue through 2015. When it comes to luxury real estate, widely varying price points and lower volumes make it more difficult to analyze how market trends will affect your property. It is crucial to utilize a highly experienced realtor who specializes in luxury real estate in your area. If you are thinking about listing your home or are in the market for a luxury property in the Northeast Valley, please give us a call us to schedule a consultation at 480.991.2050. v Although Portfolio is a quarterly publication, we are constantly analyzing market trends and review our findings in a monthly market report. You can view our latest luxury market report by visiting : www.WaltDanley.com/stats AVERAGE PRICE PER SQUARE FOOT BY PRICE RANGE Active listings are as of June 15, 2015. Sold listings are from January 1, 2015 to June 30, 2015 Active Sold (Last 6 Mo.) $800 $700 $600 $500 $400 $300 $200 $100 $0 <$1M $1-2M $2-3M $3-5M $5M+ $285 $341 $303 $389 $389 $482 $437 $746 $544 Paradise Valley $254 $800 $700 $600 $500 $400 $300 $200 $100 $0 $1-1.5M $1.5-2M $2-3M $3M+ $223 $215 $280 $268 $342 $328 $409 $383 $650 $541 Scottsdale $500K-$1M $800 $700 $600 $500 $400 $300 $200 $100 $0 $500K-1M $1-1.5M $1.5-2M $2M+ $218 $190 $284 $264 $385 $363 $412 $384 $526 $388 Biltmore <$500K $800 $700 $600 $500 $400 $300 $200 $100 $0 $750K-1.25M $323 $298 $392 $351 $1.25-2M $2+ $495 $421 Arcadia $275 $255 <$750K SPECIAL REPORT
Danley Portfolio - Fall 2015
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