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Paradise Valley, AZ Real Estate News

By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Is it time to move on to PARADISE? (image: Alan Frijns, Pixabay)Well, maybe at least PARADISE VALLEY Arizona next door to Scottsdale? Sounds nice, but where did it's name "Paradise Valley" come from? Well, see the Valley location in the photo (between Camelback Mountain and Mummy Mountain "In the 1880's, the Rio Verde Canal Company turned this open grazing area into irrigated farmland. In 1889, the Rio Verde Canal Company sent three surveyors to this area who were so taken by the beauty and tranquility of the desert landscape that they named this area Paradise Valley" per the town website.Paradise Valley between Camelback Mountain and Mummy Mountan (Photo: Jeff Masich)Paradise Valley Arizona and the many Luxury Estates are next door to Scottsdale! Here are PV Homes For Sale and UPDATED ...
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By Michelle Viggiano, healthyhomeaz
(Four Winds Healthy Home Carpet & Air Duct Cleaning)
There is a painting I have inspected and wondered about since I was a child.  It has been in various parts of the home I grew up in and has gone through a few incarnations in various frames.  It is a painting of a gate and a view of a valley with not really anything around it. The focus is the vista.  It is painted on a wooden board that has since warped. Now the slight vertical splits can be viewed from the front as well.   There is a combination of German and French writing illegibly scrawled on the back of it. I have a curious memory of my mother always taking this painting down and checking the back of it and wiping that area. I thought this very strange as she never appeared to do this with any other framed pieces. One day I asked her, what is this all about? And what does it say ...
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By John Karadsheh, ABR, CRS - REALTOR - Mesa, Arizona - Las Sendas
(KOR Properties)
John Karadsheh, ABR, CRS, ASSOCIATE BROKER | Coldwell Banker, Trails & Paths Premier Properties | 602-615-0843 5045 East Cottontail Run, Paradise Valley, AZ Perfection In Paradise Valley 4BR/4.5BA Single Family House offered at $3,600,000 Year Built Unspecified Sq Footage 4,769 Bedrooms 4 Bathrooms 4 full, 1 partial Floors 1 Parking 3 Car garage Lot Size 1.33 acres HOA/Maint $0 per month DESCRIPTION This stunning masterpiece was designed by Frank Lloyd Wright and if all you are looking for is perfection then look no further. Awe-Inspiring views of Camelback & Mummy Mountain and sparkling City Lights, as well as the 8th fairway of the prestigious Paradise Valley Country Club. This grand, gated estate sits atop a glorious 1.33 acre mountainside lot and offers 4,769 square feet of perfect...
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By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
A month ago on November 4, 2008, Paradise Valley special election results approved a new Special Use Permit to Five Star Development Resort Communities, L.L.C., who are the developers of The Residences at The Ritz-Carlton, Paradise Valley.  The almost 2-1 decision in favor of The Ritz, allows for the rezoning of land to build a 110 acre residential resort community in the heart of Paradise Valley and Scottsdale. The purpose of this article is not to get into a discussion or voice an opinion of whether the results are going to be good or bad for the town of Paradise Valley.  The intention is to provide information about the development and what The Ritz-Carlton, Paradise Valley is going to offer its residents.  The Ritz-Carlton, Paradise Valley is tentatively scheduled to start construct...
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By Matthew Pellerin, Phoenix Homes Team
(Realty Executives - PhoenixHomes.com)
Paradise Valley Business Update For 2008. A town like no other in the Greater Phoenix metropolitan area, Paradise Valley is sixteen square miles that is home to over twelve resorts, five golf courses, and three spas. These amenities make Paradise Valley a town whose income is very much focused on tourism and tourist revenue. With gas prices and airline ticket prices on the rise, Paradise Valley is an area directly affected by tourist and consumer dollars. While many hotels and tourist related businesses are feeling the pinch of the economy, others say business is as good as ever. Deborah Gallow of Pucci Salon and Day Spa states that she has noticed the economy affecting her business. “Yes, the economy has affected us just like the rest of the world,” said Gallow. “We have discounts of p...
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By Home Staging
(Showhomes)
Kathy Haase, owner of Showhomes Scottsdale which provides high-end staging and Home Manager services for the Paradise Valley and Scottsdale sections of Pheonix, emailed me these photos of a $3 Million dollar luxury home they staged last week: Great job staging this Tuscan estate with panoramic views of Camelback Mountain! Showhomes has been successful in selling many of these luxury homes using live in Home Managers and whole house staging. Bigger, more expensive homes really need the extra attention that a Home Manager brings to keep them tuned up and in show condition! Thomas Scott www.showhomes.com  
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By David Abernathy, Palm Beach County Real Estate
(Waterfront Properties & Club Communities)
Paradise Valley is a 16-square-mile, upscale community located in the central valley adjacent to Phoenix and Scottsdale, AZ.  There are close to 7,000 homes in this luxury community with the majority being single family homes.  All the single family homes are on 1 acre plus lots with the exception of the cluster housing located in resort-zoned areas.  The prices for homes in this community range from $1 million to $20 million.  To learn more about Paradise Valley homes for sale visit the Russ Lyon Sotheby's International Realty website.   For more information contact: Russ Lyon Sotheby's International Realty(480)287-5200
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By Artur Ciesielski, CCIM
(Realty Executives)
Focus on Paradise Valley Housing Market | September 2008 Paradise Valley home sales hit a long time low and inventory exceeds 1,000 days. Paradise Valley is having a hard time with its stock of homes.  The total inventory of 500 active homes exceeds 1,000 days of supply.  This is extreme in any sense.  It means that sellers will have to compete fiercely for the few buyers out there.  In September there were only 15 buyers: down from 17 last month: down from 20 last year.  Pending sales are down as well to 14 from 16 last month.  This means that probably the situation won't improve in the next report. I won't mention the medium price not the changes because there are just too few sales and the sales so varied that any number even when compared to previous months won't be accurate.  The ...
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By Gary & Claudia Scott, Scottsdale, AZ Real Estate
(Realty ONE Group - Scottsdale)
Thanks to Dan Hray of Chase Bank for this update:  Quite a few people are trying to understand why current mortgage rates are climbing despite the government's best efforts.  I believe this can be summed up in one word -- uncertainty. Here is some background: Lenders in the London Interbank Offered Rate (LIBOR) market are uncertain that counterparts will pay back loans, thus producing higher financing rates while the U.S. Federal Reserve's federal-funds target rate has been lowered to 1.5 percent. This makes mortgages less attractive to hold since most leveraged investors borrow money at or above LIBOR. Investors are uncertain whether the government's rescue package will be successful.  Not believing the government's implied guarantee, foreign investors have shied away from Fannie Mae a...
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
The Plaza Gril is a new Mexican restaurant that has opened in Paradise Valley Arizona. But it is not your regular chips and salsa type Mexican restaurant. While they do offer chips and salsa, the cuisine is of a style that includes fresh tomatoes, olive oil, peppers with recipes more in the style of Mexico City and the Yucatan region. Don't let the location in a non-descript shopping mall put you off as inside are fresh cloth table clothes and fresh flowers. Open Monday through Saturdays for lunch and dinner. Reservations are recommended. Call 602-374-2483 for more information.
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By Will Daly, www.WeKnowUrban.com - Phoenix High Rise and Loft C
(We Know Urban Realty)
There's a new Ritz Carlton proposed for Paradise Valley on the 105 acres of vacant land on the west side of Scottsdale Road running from Lincoln Boulevard to roughly Indian Bend.  WeKnowUrban followers might question why we care about a resort property in Paradise Valley.  After all, it's not very "urban."  But since it would be the closest thing to urban (if it gets built) in all of PV we think its relevant to WKU. The current plans call for 225 rooms in the hotel/resort, 161 homes on one acre lots, and patio homes.  The Paradise Valley Town Councel voted to approve the necessary special use permit but a citizens group is forcing the matter to go to public vote.   We'll know more in November.
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By James Wexler
(wexzilla.com)
According to a report from the Arizona State University just released , ..  Valley Cities (Phoenix, Scottsdale, Paradise Valley and other surrounding cities of Glendale, Peoria, Mesa, Tempe ,etc...) recorded a year over year price drop of 18%. In the North east region of the Valley which includes Paradise Valley and Scottsdale, prices dropped more than 10% from April of 2007. ASU real estate professor Karl Guntermann, noted that the rising amount of foreclosures was the primary factor for the "off-the-cliff drop". However, rising gas prices, rising food prices, rising interest rates also contributed to the falling home prices. I am sorry to be the bearer of such news. However, let's think positively for a moment and ask, If you have been waiting for the house you could not afford, and c...
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
If you live in the "Valley of the Sun" and have a child between 6 and 14 years of age and are looking for something both fun and educational for them for the summer then check out Paradise Valley's Community College. From July 7 through 17 there are classes that offer these budding minds the chance to design rockets and robots, build Sudoku puzzles and create computer animations. There are also classes in art, guitar, astronomy, reading and journalism. Call 602-787-6804 or visit their website.
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
Dining at Lons is like stepping back a bit into history. Lons at the Hermosa is Arizona's only remaining authentic hacienda. There is a territorial old time decor and patios. There is a romantic feeling and old Arizonia charm. Located at 5532 N Palo Cristi road in Paradise Valley Arizona, the hacienda overlooks some of the most amazing scenary that Arizona can offer. There are many special offerings at the hacienda, including "trust" Tuesdays where the guests allow the chef to select and cook what he decides. There are special brunches, winemaker dinners and other interesting offerings that allow interesting ways to take advantage of this special place. For more information call 602-955-7878 or visit their website.
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By Artur Ciesielski, CCIM
(Realty Executives)
Last year while the rest of the Phoenix real estate market was on a clear decline, especially in the second two quarters, the luxury home market, especially in Scottsdale and Paradise Valley held steady.  That steadiness has, since the beginning of 2008 turned into a decline, especially for entry level homes in Paradise Valley. Here is the activity from the first of May 2008 to mid June. Active Homes in Paradise Valley,  453 and an average of 227 days on the market. 34 Homes are pending.  These homes have been on the market for an average of 212 days. 26 Homes sold in 45 days bringing  the inventory supply to 26 months.  The homes that sold in Paradise Valley were on the market an average of 271 days. What is interesting that the sales price compared to the sold price is 92% but looking...
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Yes, you are reading correctly. this past march , March, according to John McClean who researched this from the public tax records in Maricopa County , (which includes, phoenix, Scottsdale, Glendale, Tempe, Peoria, Fountain Hills and Paradise Valley) in fact, throw in a couple of ‘smaller’ home sales for $3,900,000 and another $3,800,000 and you have a total of $34,000,000 (that’s 34 Million) in just 6 homes alone. Let’s face it, Phoenix, and its surrounding cities like Tempe, Fountain Hills and Scottsdale, Arizona is still a wonderful place to live. Home values are cheap (when compared to many other resort destinations) and have been getting cheaper (down about 20% from highs). Interest rates are near historic lows. Stock market is volatile, inflation is high. Where else but real estat...
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By Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info
(Hawai'i Life Real Estate Brokers)
  Camelback Mountain - Phoenix, Arizona I want to say what a great experience we had climbing the trail at Echo Canyon Park - to the top of Camelback Mountain, in the heart of the Phoenix metropolis. It was a good hike that took us over 3 hours (we rested for an hour at the top).  The guidebook told us it was going to be strenuous, and they weren't kidding.  It was hot and steep, but so worth it.  Parts of the trail were so steep that there were handrails to cling to.  Other parts you had to use your hands to climb up the rocks.  Once you get to the top the views are incredible, and you can see 360 degrees, for miles around... all of the metropolitan area and then some.  To the south is the Sky Harbor Airport.  To the north were some really high priced homes in Paradise Valley. Did you...
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By Will Daly, www.WeKnowUrban.com - Phoenix High Rise and Loft C
(We Know Urban Realty)
The article below has nothing to do with urban living or high rises or lofts but it's certainly relevant to what's going on in Phoenix real estate with respect to higher end properties.  Contrary to what anyone may be telling you, Canadians are in town buying properties.  We know this for a fact (and not just from the article).  Canadian buyers will not turn our market around but the fact that they are buying is a possible indicator that we have hit or are near the bottom.  If Canadians buy a couple of the higher end penthouses at some of the high rise condo buildings that will certainly make a huge difference for those particular developers.  Also, we haven't seen it yet but we expect that some will buy the middle priced high rise or loft condos as well which again will not turn the ma...
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By Tish Tischer, Associate Broker/Developer/Help Buy/Sell/Invest
(Realty Executives)
  From the Stauffer Weekly Update: " Market continues to improve. Overall supply has moved to 11 months, and pendings and closes continue their upward trend." "476 active listings in Paradise Valley" 
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Contact Lori Kaufman with Phoenician Properties at 602-741-8996 for more information. GOLF COURSE LOT---Views, Views, Views!!! Acre+ lot in gorgeous Camelback Country Estates. This is Paradise Valley at it's best...Enjoy every day and every evening with unobstructed golf course, mountain and sunset views from the Southwest facing back patio. Gorgeous North/South lot. Quality construction--Marchal built home. Home needs some updating but has great bones. Heated pool and spa with water feature. Priced to sell!! Want a dynamic real estate video tour for your listing? Contact Show Appeal at 480-306-6620.
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I am excited to announce the opening of a new Chapter of LeTip International, Inc. called "LeTip of Paradise Valley"!  As you all know, there is only ONE spot in these groups per area of expertise, so please contact me ASAP if you are interested in joining!!!  We meet every Wednesday morning at 7:00 a.m. in North Scottsdale.  Please contact me for details!!!  The purpose and intent of the group is not just for referrals, but building a powerful group of successful professionals.  That means I will personally screen ALL applicants to ensure the utmost in professionalism.  We are focusing on bringing in as many referrals as possible so we will accept only tenured professionals from each area of business.Here are just some of the open spots for this networking group:FINANCIAL: Attorney - B...
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