$508 $461 $251 SellingLUXURYARIzONA SPECIAL REPORT and only recently inched up by $1 per square foot. Though the incline is slowing, I expect prices to continue to climb for now. Luxury home prices in the Paradise Valley, Scottsdale, Arcadia and Biltmore areas have re-bounded significantly from their lows, but they still have a long way to go. Pricing Your Home Given the current trends in sales pric-es, as well as inventory and demand, it is important to price your home properly to ensure you get top-dollar. Many sellers tend to price their homes above their value at the beginning, which could actually end up cost-ing them money in the long run. If listings remain on the market for too long, they run the risk of becoming less attractive to buyers, thus requir-ing far more price reductions. When it comes to the luxury market, how-ever, each home is different. Our re-ports encompass all luxury real estate in the Northeast Valley but may not reflect your unique circumstances. If you are looking to sell, we would love to meet with you for a full compre-hensive assessment of your property. Please give us a call at (480) 991-2050 to schedule a consultation. v Although Portfolio is a quarterly pub-lication, we are constantly analyzing market trends, and we review our findings in a monthly market report. If you would like to receive this report online, please visit: www.WaltDanley.com/stats AVERAGE PRICE PER SQUARE FOOT BY PRICE RANGE Active listings are as of February 15, 2015. Sold listings are from September 1, 2014 to February 28, 2015 Active Sold (Last 6 Mo.) $800 $700 $600 $500 $400 $300 $200 $100 $0 <$1M $1-2M $2-3M $3-5M $5M+ $279 $338 $316 $411 $377 $482 $454 $762 $762 Paradise Valley $275 $800 $700 $600 $500 $400 $300 $200 $100 $0 $1-1.5M $1.5-2M $2-3M $3M+ $224 $213 $288 $274 $331 $341 $420 $388 $627 $560 Scottsdale $500K-$1M $800 $700 $600 $500 $400 $300 $200 $100 $0 $500K-1M $1-1.5M $1.5-2M $2M+ $210 $189 $270 $272 $338 $334 $403 $359 $490 $550 Biltmore <$500K $800 $700 $600 $500 $400 $300 $200 $100 $0 $750K-1.25M $305 $283 $373 $323 $1.25-2M $2+ $512 $494 Arcadia $270 $258 <$750K
Danley Portfolio - Spring 2015
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