HOMES FOR SALE IN AZ. As I sat by my laptop exploring my list of "active" clients, selecting those who needed further placating because of the interminable delay awaiting "progress information" (that's a joke) on their current short sale offers, I paused, to ponder the inevitable. Are they going to drop out yet again? As I'm sure they don't believe what I'm telling them, after all, how could a lender, having recovered a home in lieu of timely payments, appear dormant, instead of speedily trying to recover most of the debt A.S.A.P.? Am I going to have to review some of the 480 currently active Homes for Sale in Paradise Valley Az. on my website http://www.byronthebritazhomes.com/index.html and start all over again? "Ah! But there's more than one lender" says the listing agent, "and they ... 09/06/2009

Paradise Valley, AZ had an increase in the average sold price in the month of July along with a drop in active inventory, which created a slight decrease in the months supply of inventory because the number of sold listings remained the same.Paradise Valley: 526 Active Inventory July 2009 July 2008 June 2009 Ave. Sold $ $2,338,000 $1,948,000 $1,702,000 Ave. List $ $2,460,000 $2,606,000 $2,247,000 New Listings 64 77 71 Active Inventory 526 480 550 Sold Listings 26 21 26 Accepted Offers 18 64 34 Days on Market 197 166 165 Months Supply of Inventory 20.2 22.9 21.2 Maricopa County Statistics: 30,712 Active Inventory (-883 from June)Ave. Price of Active Listings:     $262,143Ave. Price of Pending Listings:   $172,357 (-$12,047 from June)Ave. Price of Sold Properties:    $180,808 (+$3,549 fro... 08/12/2009

With gorgeous Camelback Mountain as one of the many striking features in the area, Paradise Valley has all the class, amenities and style you'd expect in a big city, but without all the noise and distractions. This Arizona town is home to many things, including a few celebrities. But it's the lavish resorts, fine dining, golf courses, upscale shops and high-end home sites that really steal the show. Paradise Valley, AZ homes are known also for their large lots and wonderful landscaping, making every home an estate. Just take a stroll down any Paradise Valley street, and it's easy to imagine why so many people want to call this place home. Better yet, take some time to visit this lovely city and see for yourself what all the fuss is about.   07/22/2009

Paradise Valley had a decrease in inventory in June and average sold price increased, but the months supply of inventory because of additional new listings.Paradise Valley: 567 Active Inventory June 2009 June 2008 May 2009 Ave. Sold $ $1,976,000 $2,168,000 $1,319,000 Ave. List $ $2,021,000 $2,559,000 $2,525,000 New Listings 65 66 63 Active Inventory 567 489 587 Sold Listings 17 17 24 Accepted Offers 19 20 16 Days on Market 188 211 155 Months Supply of Inventory 33.4 28.8 24.5 Maricopa County Statistics: 31,595 Active Inventory (-73 from May)Ave. Price of Active Listings:     $262,143Ave. Price of Pending Listings:   $184,404 (-$1,773 from May)Ave. Price of Sold Properties:    $177,259 (+$7,500 from May)Based on information from Arizona MLS. Information deemed reliable but not guaranteed... 07/15/2009

Paradise Valley saw a decline in average sales price in May, and active inventory was up from the same time last year, but down from last month.Paradise Valley: 587 Active Inventory May 2009 May 2008 April 2009 Ave. Sold $ $1,319,000 $2,280,000 $1,370,000 Ave. List $ $2,525,000 $2,823,000 $2,310,000 New Listings 63 61 63 Active Inventory 587 505 613 Sold Listings 24 21 19 Accepted Offers 16 23 23 Days on Market 155 173 189 Months Supply of Inventory 24.5 24 32.4 Maricopa County Statistics: 32,668 Active InventoryAve. Price of Active Listings:     $262,143Ave. Price of Pending Listings:   $186,177Ave. Price of Sold Properties:    $169,759Based on information from Arizona MLS. Information deemed reliable but not guaranteed___________________________________________________________________... 06/14/2009

  With a population of about 15,000 and covering a geographic area of 16.5 square miles, the town of Paradise Valley is zoned for one-acre lots with one house per lot. It showcases breathtaking views of the scenic Mummy and Camelback mountains.   Mummy Mountain is protected by the Mummy Mountain Preserve Trust, which restricts any further development in order to protect the town's natural geographic features. Camelback Mountain is a prominent landmark, offering what some consider to be the among the best views of the Valley.   Due to its independent nature, residents are responsible for contracting for fire protection, water service and solid waste removal. It is located about 9 miles northeast of downtown Phoenix.   With one of the most exclusive zip codes in the entire country, Parad... 05/21/2009

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 ... 05/13/2009

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... 01/15/2009

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... 12/04/2008

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... 12/01/2008

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   11/18/2008

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 10/25/2008

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 ... 10/21/2008

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... 10/19/2008

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. 10/09/2008

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. 09/08/2008

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... 07/16/2008

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. 07/04/2008

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. 06/17/2008

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... 06/16/2008