The Luxury Home Tour AZ, 85016, 85018, 85251, 85253, 85258

Today December 8, 2017 was the Luxury Home tour Holiday tour and party. We toured five homes ranging in price from $4.5 million to $18 million for a total of over $50 million of homes. We had a great lunch at the $18 million home.

All of the homes were truly amazing. If you like the outdoors, you would love the 4.5 acre estate with the lazy river.

$18 million home with lazy river in Paradise Valley AZ

If you would like more information on these homes... here is a link.

http://www.flexmls.com

We are available to show you these homes 7-days a week, but at this price point, proof of funds is required prior to the appointment.

Here is the map and a little more info about the homes.

$18 million luxury estate in AZ

$18 million luxury estate in AZ

As always, I like to pick a couple favorites, but all of these homes were pretty amazing so it was pretty hard. I think in all cases the listing photos do not do the homes justice. All of these homes really need to be seen in person.

  • Having lived just around the corner from the home on Foothill Drive, I think it was my favorite. 5925 E Foothills Drive
  • As far as the most amazing grounds the home Wilkinson with 4.5 acres and the lazy river was the best. 5335 N Wilkinson Road.
  • And if you wanted a 25,000 foot home that at times feels as grand as a hotel, then the 5335 N Invergordon Rd was pretty amazing.

The only thing is in the last 17-years only 18 homes that were listed for over $10 million actually sold.
And of those 18 only 8 of them actually sold for more than $10 million.
And the most expensive home sold on the MLS was $12,750,000.
The good news is the $12,750,000 sale was recent.

Today there are 17 spectacular luxury estates for sale in Arizona over $10 million. If you want to see pictures of these amazing homes, here is a link to all the information with pictures. 17 homes in Arizona for sale in Arizona over $10 million.

My team and I are available to show well qualified buyers any of these homes.

Today, March 10th 2017 we toured 11 luxury homes in Arcadia Proper and The Town of Paradise Valley listed at just over $33 million. As always the variety of Luxury homes in Arizona was very diverse. Three of my favorites were:

  • A $1,450,000 hillside home in the PV neighborhood I lived in for 21-years. The views of the valley were amazing. The home was built in 1978 and had some interesting features. It would be very interesting to take this home and update it with modern features and amenities, while retaining some of its old charm. This neighborhood has homes that recently sold for more than $6 million so paying more than $1 million for a fixer upper with a view is not out of the question.
  • A 2.5 acre estate in the heart of Arcadia with grounds that are truly one of a kind. The home was built in 1958 and appears to have been updated over the years, but probably needs extensive updates or replacing to bring it up to the level of a $5 million + home in today's market. It is presently listed for $6,250,000.
  • A home with a fantastic view of Camelback Mountain from the back yard. In addition to the inviting pool in the back yard the home has a tennis court on the side, a workout room, a theater, and office, and a guest house. What a great setup for entertaining and an active lifestyle. A picture of the view is below. This home is listed at $2,499,999.

My team and I are available to show luxury homes in Arizona almost every day of the week. Please give me a call to arrange a showing. 602.770.7205

What an amazing view from the back yard of one of the homes!

For those of you who enjoy statistics here is a CMA for the 11 homes. As you can see the prices ranged from $1.4 million to $6.2 million and the price per foot ranged from $302 to $904. The average size of the homes was about 7000 feet with the largest being 8600 feet.

Here is a map of our tour. As you can see three of the homes were in Arcadia Proper and the rest were in the Town of Paradise Valley

Here are the 11 Luxury Estates we toured today. The three with an * were my favorites

6331 E HUMMINGBIRD LN Paradise Valley AZ 85253 …. $1,450,000*
7540 N MOCKINGBIRD LN Paradise Valley AZ 85253 …. $2,295,000
5427 E BERNEIL DR Paradise Valley AZ 85253 …. $2,390,000
5909 E SOLCITO LN Paradise Valley AZ 85253 …. $2,499,999*
5841 E INDIAN BEND RD Paradise Valley AZ 85253 …. $2,500,000
6114 E HORSESHOE RD Paradise Valley AZ 85253 …. $2,799,000
5633 E LAFAYETTE BLVD Phoenix AZ 85018 …. $2,999,000
6101 E Cheney DR Paradise Valley AZ 85253 …. $3,239,000
4401 N 61ST ST Scottsdale AZ 85251 …. $3,250,000
5430 E VIA BUENA VIS Paradise Valley AZ 85253 …. $3,395,000
4835 E EXETER BLVD Phoenix AZ 85018 …. $6,250,000*

To see pictures of these Luxury Estates and get more information. Here is a link to them in the MLS. MLS Link to Luxury Homes in Arcadia and Paradise Valley

Today, February 24th 2017, on the Luxury Home Tour our guest speaker was Michael Orr a mathematician who tracks real estate in the the Metro Phoenix area. We also toured nine homes ranging in price from just under $2 million to a 4.6-acre luxury estate just under $10 million.

Here a few of Michael Orr's observations I found interesting:

  • Buyers are better informed about the value of a home because they have seen multiple homes and the seller is focused on just their home.
  • For homes over $1 million the premium for a New home over a resale home is 25% - 30%.
  • The trend today is for contemporary and sleek design rather than Tuscan
  • The trend is also for areas that are walkable or at least close to restaurants and entertainment.
  • The shortage of labor to build new homes is leading to a shortage of new luxury homes and increasing those prices.
  • Here are 9 slides from Michael Orr's presentation.

The dollar volume for Luxury Homes over $1 million in the Luxury Home Tour Area the 4th Quarter of 2016 was the 2nd best in 16 years

The dollar volume for Luxury Homes over $1 million in the Luxury Home Tour Area the January of 2017 was the 2nd best in 17 years

Unfortunately in Paradise Valley, (85253), 2016 the dollar volume for luxury homes over $1 million was down from 2015

But the dollar volume in Arcadia for luxury homes over $1 million in Arcadia was the best in 2016 than it had been since in 16 years

The price per foot for luxury homes over $1 million in Arcadia was over $380 per foot

But the price per foot for luxury homes over $1 million in the Luxury Home Tour area, excluding Arcadia was only $352.73 per foot.

And the price per foot for luxury homes over $1 million in the entire Luxury Home Tour area was $361.21

The price per foot for luxury homes over $1 million was highest in Scottsdale's zip code 85251 at $405.60, and for the most part up in 2016. One exception to this is the Town of Paradise Valley's 85253 where is was down 3% to $361.97.

Another thing to keep in mind is the day of inventory currently available for sale. In most categories the numbers are down, (which is a good thing), with the glaring exception of homes over $3 million which is up 18% to 1,347 days of inventory currently for sale.

Amazing 4.6-acre Luxury Estate in Paradise Valley

Here are the 9 homes we toured. The three with an * were my favorites

4529 E Desert Park PL Paradise Valley AZ 85253 … $1,990,000*
3650 E OLD ADOBE LN Paradise Valley AZ 85253 … $1,999,999
5427 E BERNEIL DR Paradise Valley AZ 85253 … $2,390,000
5420 E Berneil DR Paradise Valley AZ 85253 … $2,395,000
8609 N WREN CIR Phoenix AZ 85028 … $2,495,000
3544 E ROSE LN Paradise Valley AZ 85253 … $2,895,000*
6350 N Mockingbird LN Paradise Valley AZ 85253 … $3,895,000
7170 N 69th PL Paradise Valley AZ 85253 … $5,995,000
5801 N CAMELDALE WAY Paradise Valley AZ 85253 … $9,953,000*

Please Click here to see these listings on the MLS

Video Update for the Luxury Home tour on August 12, 2016

We toured 6 homes today 2 in the Town of Paradise Valley and 4 in Arcadia Proper.

  • $2,599,000 6616 E EXETER BLVD Scottsdale AZ 85251
  • $2,695,000 6524 E GAINSBOROUGH RD Scottsdale AZ 85251
  • $2,750,000 6018 N SAGUARO RD Paradise Valley AZ 85253
  • $2,895,000 4615 N Royal Palm CIR Phoenix AZ 85018
  • $2,995,000 5820 E EXETER BLVD Phoenix AZ 85018
  • $8,750,000 5600 N Saguaro RD Paradise Valley AZ 85253

Please contact me if you are interested in seeing any of these homes.

Video Update on the Luxury Home tour June 10,2016

Here are the 8 homes we toured today. 3 in 85253, and 5 in 85258
Here is a link to view the homes and pictures in the MLS.
http://www.flexmls.com/link

  • $1,695,000 8295 N 73RD PL Scottsdale, AZ 85258
  • $1,698,000 7451 E Northern AVE Scottsdale, AZ 85258
  • $1,775,000 8221 N 73rd PL Scottsdale, AZ 85258
  • $1,895,000 7637 E VIA DEL PLACITO Scottsdale, AZ 85258
  • $2,390,000 8515 N 73RD PL Scottsdale, AZ 85258
  • $2,675,000 6570 N LOST DUTCHMAN DR Paradise Valley, AZ 85253
  • $4,100,000 5933 E Ironwood DR Paradise Valley, AZ 85253
  • $4,500,000 5912 E Foothill DR N Paradise Valley, AZ 85253

Please contact me if you are interested in seeing any of these homes.

Video Update on the Luxury Home tour May 13, 2016

Here are the 10 homes we toured today.
Please give me a call if you are interested in seeing any of these homes.

  • $1,995,000 6842 E Hummingbird LN Paradise Valley, AZ 85253
  • $2,100,000 5783 E VIA LOS CABALLOS -- Paradise Valley, AZ 85253
  • $2,150,000 6737 N 48TH ST Paradise Valley, AZ 85253
  • $2,790,000 9335 N MORNING GLORY RD Paradise Valley, AZ 85253
  • $2,950,000 6611 N HILLSIDE DR Paradise Valley, AZ 85253
  • $3,349,000 6555 E CACTUS WREN PL Paradise Valley, AZ 85253
  • $3,495,000 6228 N 61ST PL Paradise Valley, AZ 85253
  • $4,250,000 6655 N 66th PL Paradise Valley, AZ 85253**
  • $5,500,000 9151 N Kober RD Paradise Valley, AZ 85253
  • $8,495,000 5247 N INVERGORDON RD Paradise Valley, AZ 85253
    ** My favorite of the tour today

The Luxury Home Tour, Inc., was Established in 1982 with the purpose of networking among different real estate firms and touring homes of "architectural significance" in Paradise Valley, Phoenix, and Scottsdale.
Members are encouraged to submit their active MLS listings within the tour boundary for consideration for a future tour. Listing price of occupied homes must be at least $1,250,000 while vacant listings, not on lockbox must be a minimum list price of $1,500,000. Vacant listings which are on lockbox are not eligible for tour.

If you are considering selling your home within the tour boundaries there are many advantages to listing it for sale with someone who is a member of The Luxury Home Tour like myself. In addition to The Hankerson Team's comprehensive marketing plan I will get your home on tour so the other members, who comprise most of the top agents in the Metro Phoenix Area, will personally tour your home and can then recommend it to their clients.

Here is a map the tour boundaries.

Luxury Home Tour AZ

Zip codes / areas we often tour are:

      • The Town of Paradise Valley 85253
      • Arcadia 85018
      • Arcadia 85251
      • The Biltmore 85016
      • Gainey Ranch / Paradise Farms 85258
      • Scottsdale 85250
      • North Central Phoenix 85020