Sales of million-dollar homes soar in metro Phoenix despite pandemic

 

 

 

You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur. FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU. Call me if you want to sell your property and  need an estimated value.   Phone: 480-948-5554     Prefer cell: 520-975-5207 or email me walterunger@ccim.net.   –     What is a CCIM.  –

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

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Catherine Reagor   Arizona Republic   11/15/2020

In the midst of a pandemic, wealthy buyers are snapping up metro Phoenix’s million-dollar homes at a record pace.

Both Valley mansions and spacious condominiums with seven-figure price tags are selling, and many buyers are paying cash.

The trend has drawn a developer to purchase one of the poshest pieces of vacant land near The Phoenician resort to build 195 more million-dollar homes.

Buyers are both local and from out of state. Many are using LLCs to mask their names.

Last week, an LLC called Nauni Desert Property paid $18 million in cash for a Paradise Valley mansion. The seller was 612 Properties LLC.

A growing number of buyers bidding for too-few homes for sale is driving metro Phoenix’s median home prices to new monthly records. Low interest rates and a growing population are behind most home sales priced below $750,000.

But housing analysts are trying to figure out what is driving the surge in pricier home sales in the Valley.

“We are seeing a big influx of million-dollar home buyers from California, potentially looking to escape higher taxes,” said Tina Tamboer, senior housing analyst with the Cromford Report. “But we are also seeing wealthy buyers from Florida and Texas, and those states don’t have personal income taxes.

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Stocks and upscale homes

High-end-home sales often track closely with stock market gains and losses because deep-pocketed buyers are affected the most by those swings.

But the trend isn’t tracking as strongly now.

The U.S. stock markets sank a bit in September when 371 Phoenix-area homes with price tags above $1 million sold, according to the Arizona Regional Multiple Listing Service.

That’s almost triple the number of million-dollar home sales in September 2019, when stocks were down just slightly from this year’s performance for the same month.

And buyers are willing to pay more for metro Phoenix mansions now. In September 2020, 27 houses priced above $3 million sold. That compares with three home sales at prices of $3 million or higher in September 2019.

More than 300 million-dollar home sales are currently pending in metro Phoenix.  ”SEE IT ALL: https://www.azcentral.com/story/money/real-estate/catherine-reagor/2020/11/15/million-dollar-home-sales-soar-metro-phoenix-despite-pandemic/6267235002/?for-guid=57780528-f78a-4cb1-85d6-4f378c56299a&utm_source=azcentral-Business%20Morning%20News&utm_medium=email&utm_campaign=baseline&utm_term=list_article_thumb

FROM ME:  Now is the time, if you are thinking of selling or purchasing your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County, Pinal County, Arizona / Office  / Retail  / Industrial  / Multi-family /  please call me on my cell 520-975-5207 or e-mail me     walterunger@ccim.net. Investors and Owner / Users need to really know the market today before making a move. The market has a lot of moving parts. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land  Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands your needs. I am marketing my listings on Costar, Loop-net,  CCIM,  CREXi, Catylist, and various other web sites.  I also sold  hundreds millions of dollars’ worth of  Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with  brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also international.  Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

 

Click here to find out what is a   CCIM:  https://en.wikipedia.org/wiki/CCIM

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

https://www.crexi.com/properties?searchBrokerId=17513

PRESS RELEASE: Gold Canyon resort sells for $29.4M. Walter Unger CCIM from West USA Commercial Division Brokered the Transaction.

http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/

Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me?

 

What is a CCIM.

 

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

 

History of Arizona from  900 BC – 2017 -Timeline.

 

History of Arizona from  900 BC – 2017 -Timeline.

 

WHY PHOENIX? AMAZING!!!  POPULATION – IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX – “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THAT’S GOOD FOR THE ECONOMY, BUSINESS

 

History of Arizona from  900 BC – 2017 -Timeline.

 

WHY PHOENIX? AMAZING!!!  POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”

 

CLICK HERE TO VIEW MY WEBSITE

  • DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:

Walter Unger CCIM –  walterunger@ccim.net   – 1-520-975-5207  –  http://walter-unger.com

Why Phoenix?  This is a very interesting article, you should read it, amazing, there were only 350 K people living in Phoenix in 1950

Timeline of Phoenix, Arizona history

Phoenix, Arizona

Facts of Arizona – year 1848 to 2013

CLICK HERE:  Arizona Opportunity Zones As We Understand /maps. Interested!!! Please contact me.

 

Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.

Walter Unger CCIM

Associate Broker

West USA Commercial Division

7077 E MARILYN RD.

Suite 200, Building 4.

Scottsdale AZ, 85254

Phone: 480-948-5554

Cell: 520-975-5207

walterunger@ccim.net

What is a CCIM.

 

FOR OVER 20 YEARS, I HAVE WORKED EXTENSIVELY WITH OWNERS AND BUYERS IN LAND, COMMERCIAL AND INVESTMENT REAL ESTATE IN PHOENIX, TUCSON AND THROUGHOUT ARIZONA. PLEASE LET ME KNOW HOW I CAN HELP YOU PLEASE CALL ME

CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS. 

https://www.crexi.com/properties?searchBrokerId=17513

 

 

Also Call me if you need an estimated value of your Property.

Call me if you want to see a map with what is in the Construction Pipeline for Apartments.

Prefer cell: 520-975-5207,   or email me walterunger@ccim.net.       CLICK HERE TO VIEW ALL MY LISTINGS.    

 

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  Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years.  If you have any questions about Commercial / Investment Properties in Phoenix or Commercial /  Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us. 

Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207

www.Walter-Unger.com

 

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