$508 $461 $251 SellingLUXURYARIzONA Pricing Sales prices have been more volatile in recent months following a steady in-crease of 23 percent from the lows in 2011 and 2012. September saw the larg-est monthly drop in the 12 month moving average since 2011, followed by another decline in October. November brought this downward slide to a halt, remain-ing at $265 per square foot, the same as the previous month. The dramatic shift away from multi-million dollar homes has helped fuel the turbulence what was a steady upward trend over the past three years. Lower-end luxury homes were still selling well toward the end of 2015, but the lower price point has begun to bring the long-term and short-term averages down. At the close of 2015, uncertainty in the global markets along with the introduc-tion of new Disclosure policies had some influence on the performance of the luxury real estate market; however, we ended in a slightly better place than we did in 2014 as far as sales and under con-tract listings. Luxury housing prices have been underwhelming due to a greater amount of activity in the lower end of the luxury market, but we are hopeful that the number of high-dollar homes under contract will translate to sales as we get further into 2016. If you are thinking about listing your home or are looking for a luxury property in the Northeast Valley, please give us a call to schedule a consultation at 480.991.2050. v Although Portfolio is a quarterly publica-tion, we are constantly analyzing mar-ket 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+ $270 $345 $295 $402 $385 $484 $446 $748 $444 Paradise Valley $258 $800 $700 $600 $500 $400 $300 $200 $100 $0 $1-1.5M $1.5-2M $2-3M $3M+ $226 $213 $283 $262 $345 $328 $412 $399 $639 $530 Scottsdale $500K-$1M $800 $700 $600 $500 $400 $300 $200 $100 $0 $500K-1M $1-1.5M $1.5-2M $2M+ $213 $185 $303 $251 $374 $332 $403 $389 $513 $348 Biltmore <$500K $800 $700 $600 $500 $400 $300 $200 $100 $0 $750K-1.25M $319 $285 $374 $385 $1.25-2M $2+ $481 $421 Arcadia $264 $277 <$750K SPECIAL REPORT
Danley Portfolio - Winter 2016
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