The first five days after the weekend are the hardest.
Today’s HOT LIST Link ( click the pretty link below to see today’s picks ):
$4,200,000
4490 E VALLEY VISTA LN, Paradise Valley, AZ
“His closet is roomy but her closet needs to be experienced.”
Her closet needs more experience? We’re sorry Ms. Hers Closet, but we’re looking for someone with stronger knowledge and better organizational skills. In these pictures ‘His closet’ is emptier than a Jets trophy case (Pic 35), and ‘Her closet’ is larger than my first apartment (Pic 34). But those closets aren’t the only wings attached to this Master Bedroom interface system, as Pic #36 reveals the Atrium de Peloton. Doesn’t everyone have a special room in their house dedicated to their stationary bike? You see these rooms in TV fitness commercials; A large terrarium, surrounded by million-dollar views, where the female human spends her day pedaling towards approval on the cycle of abuse. A wall mounted water bottle quenches her never ending thirst while some physically perfect guy named Jocko shouts encouragement from the screen, “ATTACK! ATTACK!! More! You can do this baby!”, while biting his lip as if he just ate a gallon of outdated yogurt, and she is overcome with Stage Four Tour De France.
Meanwhile her husband reads Architectural Digest on the couch in a stylish mock turtleneck ensemble that suggests there will be more surprises coming out of the closet one day. Anyhow….this estate sits in the PV Camelot cradle, with Squaw Peak, Mummy Mountain, and Camelback Mountain views surrounding your stationary travels.
$700,000
2526 N 10th ST, Phoenix, AZ
“It’s impossible to find an original two story bursting with charm like this one!”
Yet we just found this one. Never say never! This Coronado District bungalow’s born on date is 1926. You remember 1926 don’t you? The very first Pilot’s License was issued, giving Aviator sunglasses a legal purpose. Route 66 was opened, granting Chicago gangsters paved access to open shop in Los Angeles. And author Alan Alexander Milne struck gold with the publication of his tales about a pantsless bear and a manic depressive mule in the Hundred Acre Wood. These critters befriended Christopher Robin….who was named after A.A. Milne’s real life son, Christopher Robin Milne.
This house was right here, back then, and that’s just immeasurably cool. This remodel doesn’t hide the years, but rather embraces the aged age with details like the modern retro-look stove, restrained brick tile elements, and a simple application of wood on white throughout the interior spaces. Simplicity sells!
How do you spell love Pooh?
Well Piglet, you don’t spell it, you feel it.
$4,175,000
10801 E HAPPY VALLEY RD 119, Scottsdale, AZ
“absolutely breathtaking views with city lights”
BRING OXYGEN! STAT!!!
There’s breathtaking, but then there is “Absolutely Breathtaking”, which reads like a pillow for vegetables warning label. Let us now pause for a brief Hot List educational moment. Quiet please. We ‘bout to learn sumtin!
See the list of homes on the left side of your screen? There’s a small Picture of each, then a Price, then an address, which lead us to the Green Text of the Listing’s Status, which is LIVE. By LIVE we mean that the status will read “Active” until the Sellers accept an offer, at which point it will change to AWC, or Pending.
Below the status you will see a label, either “New Listing” or “Price Reduced”, which are self-explanatory. On occasion you may encounter “Price Change”.
PRICE REDUCED
PRICE CHANGE
What’s the difference? Price Reduced means the price has come down. Price Change means the price went UP.
This gorgeous Troon residence has been on the market since February 1st with a price tag of $3,950,000. NO Sale. Nada. Zip. Zilch. SORRY! Nine months without an offer. What’s the solution?
RAISE THE PRICE!!!
You won’t find many Price Change listings on a typical Hot List because we consider raising prices to be rather antithetical towards increasing the odds of a sale. This home is on the Hot List as an example. This weekend our valley experienced its first wave of pleasurable weather. One could sit outside for lengths spanning minutes, even hours, without being engulfed in flame, swallowed by melanoma tumors, or experiencing spontaneous combustion.
Good weather can motivate bad ideas. This morning we encountered DOZENS of Price Change listings, an unusual amount on any Monday, and this feels like a trend erupting.
Sellers. Don’t. Just…don’t. STOP IT.
There is a common obliviousness making the rounds that the tidal wave of Buyers which disrupted the Phoenix Metro Market this past spring is gearing up for a Second Coming. I see this mentioned on Real Estate blogs, I hear it in casual conversation with other Real Estate Professionals. Look, I’m just some moron who spends every morning studying this market from head to toe. My perspective is wholly unique to most of the market wonks because my approach is vastly dissimilar. The numbers are inescapable, there is no second wave, at least not yet. Raising your price today is unwise. Pricing above the most recent sale is only sensible in a select few spots around the valley which read “Scottsdale”.
Valley housing is now twice the price it was in January. Sales volume has been dropping since March. Time on market has been increasing during that same stretch. Read the tea leaves. Change is constant. The biggest element that drove Spring Sales was “Low Prices”. We ran out of that item long ago.
A Smart Seller can still get great money for their property. Sales are achieving higher dollar amounts than ever before. But know your limits. If the house didn’t sell for less than $4 million, odds are pretty bleak for numbers above that waterline.
Real Estate is never easy. But it doesn’t need to be this hard either.
Be smarter. Let’s Move!
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