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. –
CLICK HERE TO VIEW ALL MY 60 MIL WORTH OF LISTINGS.
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.
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.
More million-dollar homes
Replay Destinations paid $65.5 million in early November for nearly 30 acres next to the posh Phoenician in east Phoenix at the base of Camelback Mountain.
The developer plans to build 195 houses with price tags starting at $1.78 million in a community called Ascent at The Phoenician.
Nathan & Associates brokered the deal, which is one of the biggest for luxury land parcels in the Valley.
The development “will offer buyers the rare opportunity to live at one of the region’s most prestigious addresses,” said Gary Raymond, managing director of Replay.
Several homes around the Ascent project recently have sold for more than $2 million, and one just across the Phoenician golf course is on the market for $8.2 million.
Reach the housing reporter at Catherine.Reagor@arizonarepublic.com or 602-444-8040. Follow her on Twitter @Catherinereagor.
Support local journalism.Subscribe to azcentral today.
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
http://walter-unger.com/gold-canyon-resort-sells-for-29-4m/
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
History of Arizona from 900 BC – 2017 -Timeline.
History of Arizona from 900 BC – 2017 -Timeline.
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”
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Timeline of Phoenix, Arizona history
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
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.
Check out my professional profile and connect with me on LinkedIn.
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
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