2017 WAS GREAT BUT
from inbound migration and an environment that continues to favor purchasing over renting.
2018 SHOULD BE BETTER
B Y: E L L I OT T D. P O L L AC K | E L L I OT T D. P O L L AC K & C O M PA N Y
A
rizona and the U.S. economy enjoyed one of the best years in recent memory. For most of 2017, every week seemed to be yet another good week for the economy. The stock market continued to set new highs, home prices climbed, unemployment dropped, and incomes increased above inflation. We did so well that the Fed Funds interest rate increased for the third time in the year, indicating confidence that the economy is growing at an acceptable pace. In their discussion of current economic events, the Fed expects the rate of growth to modestly accelerate, inflation to stay under control, and unemployment to reach sub-4% sometime in 2018.
2007
2008
2009
2010
Pinal Yavapai
50K
2014
2015
2016
2017
City
Aguila
HUD
87,920
87,728
75,071
Anthem
REO
93,511
99,527 91,042
Transaction Type
Apache Junction
Short
Arizona City
Normal
Arlington Avondale
Transaction Type HUD
Zip
Normal REO
85008
Price Range
85009
A. $0K to $25K
85012
12 MONTH MOVING AVERAGE SALES PRICE PER SQ. FT.
85013
C. $50K to $75K
85014
County Maricopa
D. $75K to $100K
12-Month Moving Average Sales Price per Square Foot GREATER PHOENIX - ARMLS RESIDENTIAL - MEASURED MONTHLY Greater Phoenix - ARMLS Residential Resale - Based on Calendar Month 1/1/2018 Last Update 1/9/2018 2:19:04 PM
85015
E. $100K to $125K
85016
F. $125K to $150K
G. $150K to $175K
30K
85003 85006 85007
B. $25K to $50K
40K
Black Canyon City
85004
Short
53,131
60K
2013
58,384
70K
2012
73,064
79,181
90K
80K
2011
89,222
100K
2006
82,291
2005
83,666
2004
103,178
2003
97,634
2002
H. $175K to $200K
© 2017 Cromford Associates LLC - sharing is permitted for Cromford Report subscribers only
20K
I. $200K to $250K
85017 85018
Pinal
Yavapai Year of Close Date 2000
J. $250K to $300K
2001
$150.37 K. $300K to $400K $148.69 2002 DwellingType $145.81L. $400K to $500K $149.48 2003 Condo M. $500K to $600K 2004 $142.98 $146.66 Mobile N. $600K to $800K 2005 $140.06 $143.91 SFR O. $800K to $1M
$150 10K 0K
$140
2006
$136.97 $139.28 $134.42 $132.06 $136.35 $129.52 $133.50 $127.79 $131.05 $125.38 $128.50 $122.30 $126.73 $119.70 $123.67 $118.58 $120.82 $116.06 $117.28 $113.17 $114.49
$130
$120
$110
$109.61 $105.83
Transaction Type Normal Short Sale Lender Owned HUD Sale
List Price Range A. $0K to $25K
$111.43
$107.77
B. $25K to $50K
$99.99
$100
$103.86 $98.39
$96.41 $92.80 $89.49
$90
$86.21
C. $50K to $75K
D. $75K to $100
$94.68
E. $100K to $12
$91.15
F. $125K to $15
$87.88
G. $150K to $17
$82.29 $83.33 $81.66 $80 $81.88
H. $175K to $20
February 2018
August 2017
October 2017
December 2017
April 2017
June 2017
February 2017
December 2016
August 2016
October 2016
April 2016
June 2016
February 2016
August 2015
October 2015
December 2015
April 2015
June 2015
February 2015
December 2014
August 2014
October 2014
April 2014
June 2014
February 2014
August 2013
I. $200K to $250 October 2013
“Boomerang Buyers”, buyers returning to homeownership after suffering a short sale or foreclosure, will still be out in 2018 but this will be the last year of significant activity from this segment. The vast majority of them completed mandatory wait periods for FHA and conventional financing between 2015 and 2017, removing a major roadblock on credit reports and allowing many to reconsider owning. Remaining demand for homeownership will need to come
Maricopa
Mobile SFR
© 2016 Cromford Associates LLC - sharing is permitted from Cromford Report subscribers only
2001
110K
December 2013
SINGLE FAMILY PERMITS 10% Increase in 2018 10% Increase in 2019
County
Condo
Last Update: 1/1/2018 11:16:51 PM
April 2013
EMPLOYMENT 2.8% Increase in 2018 2.5% Increase in 2019
The market continues to favor sellers, especially under $275,000. Over 51% of newly constructed condominiums, townhomes and single family residences sold were between $275,000 and $500,000 as of November 2017. The lack of new construction in the lower price ranges has created an opportunity for flip investors looking to capitalize on demand from first-time homebuyers for move-in ready homes. There were 7,472 flip sales, categorized as those homes bought and sold within a 6-month period, year-todate through November 2017. That is 21% over 2016 and 49% over 2014 within the same time frame, but still well below 2012’s volume of 12,771.
Dwelling Type
Annual Sales Rate
Greater Phoenix - ARMLS Residential - Measured Monthly
June 2013
RETAIL SALES 4.2% Increase in 2018 3.8% Increase in 2019
Sales volume increased 6.4% from an annual rate of 87,920 to 93,511. This makes 2017 the highest year since 2011 and the fourth highest year overall for sales volume. Total dollar volume increased 14% from $24.4 billion to $27.8 billion, placing 2017 in second place overall for total money spent on residential resale transactions. 2005 was the highest year for total dollar volume at $30.9 billion.
February 2013
POPULATION 1.8% Increase in 2018 1.8% Increase in 2019
from $225,000 to $239,900
December 2012
Taking place at the Civic Center Mall, this is a foodie paradise. Highlights of the Scottsdale Culinary Festival include 40 local restaurants, 30 craft breweries, 20 bands, a teen cooking challenge, chef demos, family zone, wine garden and much more. The Scottsdale Culinary Festival is the opportunity to taste as many foods from as many restaurants as your stomach will allow. Registration required. Family friendly for ages 8+. Find out more at ScottsdaleFest.org
The annual median sales price gained 6.6%
August 2012
April 14-15
from $277,476 to $297,317
October 2012
GREATER PHOENIX ECONOMIC SNAPSHOT
SOURCE: ELLIOTT D. POLLACK & CO., JANUARY 2018
The annual average sales price increased 7.2%
68,210
Taking all of this into account, we believe 2018 will be a better year for the economy overall. We expect employment to increase by an estimated 2.3% across Arizona and 2.8% in Greater Phoenix. We are expecting population to grow 1.6% this year and 1.7% growth next year for the state and slightly higher growth in Greater Phoenix. Housing should continue at a strong upward pace of roughly 10% growth per year for the next two years. And retail sales should grow by 3-4% in the short term.
from $141.29 to $150.37
April 2012
Despite these lingering questions, it looks like the positives substantially outweigh the negatives. There is always room for caution. But, as for now, enjoy the moment and 2018.
GREATER PHOENIX - ARMLS RESIDENTIAL - MEASURED MONTHLY 1/1/2018
June 2012
Scottsdale Culinary Festival
There are still questions we have about potential problems facing the economy. Is the stock market too high? Can consumers sustain growth in spending? Will the vitriol in American politics poison the party? Will the new stimulus work?
ANNUAL SALES RATE
The annual average price per square foot rose 6.4%
62,346
Spring Training baseball under the warm Arizona sun has been a tradition for devoted fans since 1947. Scottsdale is home to the San Francisco Giants, Colorado Rockies and Arizona Diamondbacks. The San Francisco Giants play in the heart of downtown Scottsdale at Scottsdale Stadium. A short drive north, the Colorado Rockies and Arizona Diamondbacks play at the Salt River Fields at Talking Stick. Come support your team during the 2018 Spring Training! Find out more at ExperienceScottsdale.com
For the overall market across Greater Phoenix, price trends capping off 2017 are as follows according to Arizona Regional MLS sales:
February 2012
February 23 - March 27
In relative terms, the economy is running on all cylinders. And, the imbalances that usually result from this strength in economic activity are not in sight. Due to the slower than usual recovery, the normal pressures felt at this stage of the cycle are not here at the moment. Given the stimulus that will be created by the tax cuts, reductions in regulation, and infrastructure spending that is likely to take place, growth is expected to accelerate in 2018.
he residential resale market in Greater Phoenix continued to strengthen in 2017 and prices are poised to continue improving faster than the rate of inflation into 2018, particularly in the lower price ranges.
December 2011
Spring Training in Scottsdale
This brighter outlook comes on top of continued growth in corporate profits, the highest level of consumer optimism in 17 years, real personal income growth and growth in personal consumption expenditures in excess of growth in personal income. In addition, the manufacturing sector continues to expand as does construction spending.
T
Overall, the market remains healthy going into 2018. Sales prices are expected to continue rising faster than the rate of inflation below $400,000, which means buyers will be purchasing smaller homes for their money this year. Buyers between $400,000 and $1.5M will find a more balanced market with extra wiggle room for price negotiations. Higher inventory in the market over $1.5M is causing prices to decline despite a 17% increase in sales volume, good news for luxury buyers in this price point.
55,229
The Place to Be
This stimulus comes late in the business cycle. This is the third longest recovery/ expansion in U.S. history. If the expansion lasts until mid-2019, it will be the longest recovery in U.S. history. To this point, the level of economic activity this cycle has been much slower than any of its predecessors. Going forward that might change. It remains to be seen how this late cycle stimulus plays out. But, the near term outlook has become more positive.
RESIDENTIAL REAL ESTATE
B Y: M I C H A E L O R R | P R I N C I PA L O F T H E C R O M F O R D R E P O R T
August 2011
It is my pleasure to present two relevant articles on the local real estate market, and how the past trends will effect us in 2018. In addition, two Scottsdale traditional events are highlighted below. As always, let me know if we can assist you in the sale or acquisition of a home. Until next time, may you enjoy the spring season in our beautiful corner of Arizona. -- Sandra
Also noteworthy, the House and Senate tax bills were reconciled and finally passed tax cuts along party lines which will go into effect this year. This should stimulate the economy sufficiently to make 2018 a better year than 2017. The longer run effects should also be positive.
October 2011
Metro Phoenix Economic Snapshot
Supply remains extremely short for homes under $200,000, which constitutes nearly 34% of all sales in Greater Phoenix. This large market share throws some influence on overall measures for the Valley, especially when it comes to appreciation. While the overall appreciation rate for Greater Phoenix is 6.4%, it’s not uncommon to see appreciation rates soar over 8% on properties under $200,000 and drop to 3-4% annually for the nearly 51% that sell between $200,000 and $400,000. Prospects for more supply on the low end are slim these days. Existing landlords with homes in this price range have little incentive to sell profitable rentals and the reported tax incentives planned for 2018 are expected to be in their favor. Existing owner occupants with homes under $200,000, many with favorable fixed interest rates, are choosing to stay and possibly renovate instead of braving the increasingly competitive homebuying market.
J. $250K to $300
K. $300K to $40
L. $400K to $500
M. $500K to $60
N. $600K to $80
O. $800K to $1M
P. $1M to $1.5M
2017 WAS GREAT BUT
from inbound migration and an environment that continues to favor purchasing over renting.
2018 SHOULD BE BETTER
B Y: E L L I OT T D. P O L L AC K | E L L I OT T D. P O L L AC K & C O M PA N Y
A
rizona and the U.S. economy enjoyed one of the best years in recent memory. For most of 2017, every week seemed to be yet another good week for the economy. The stock market continued to set new highs, home prices climbed, unemployment dropped, and incomes increased above inflation. We did so well that the Fed Funds interest rate increased for the third time in the year, indicating confidence that the economy is growing at an acceptable pace. In their discussion of current economic events, the Fed expects the rate of growth to modestly accelerate, inflation to stay under control, and unemployment to reach sub-4% sometime in 2018.
2007
2008
2009
2010
Pinal Yavapai
50K
2014
2015
2016
2017
City
Aguila
HUD
87,920
87,728
75,071
Anthem
REO
93,511
99,527 91,042
Transaction Type
Apache Junction
Short
Arizona City
Normal
Arlington Avondale
Transaction Type HUD
Zip
Normal REO
85008
Price Range
85009
A. $0K to $25K
85012
12 MONTH MOVING AVERAGE SALES PRICE PER SQ. FT.
85013
C. $50K to $75K
85014
County Maricopa
D. $75K to $100K
12-Month Moving Average Sales Price per Square Foot GREATER PHOENIX - ARMLS RESIDENTIAL - MEASURED MONTHLY Greater Phoenix - ARMLS Residential Resale - Based on Calendar Month 1/1/2018 Last Update 1/9/2018 2:19:04 PM
85015
E. $100K to $125K
85016
F. $125K to $150K
G. $150K to $175K
30K
85003 85006 85007
B. $25K to $50K
40K
Black Canyon City
85004
Short
53,131
60K
2013
58,384
70K
2012
73,064
79,181
90K
80K
2011
89,222
100K
2006
82,291
2005
83,666
2004
103,178
2003
97,634
2002
H. $175K to $200K
© 2017 Cromford Associates LLC - sharing is permitted for Cromford Report subscribers only
20K
I. $200K to $250K
85017 85018
Pinal
Yavapai Year of Close Date 2000
J. $250K to $300K
2001
$150.37 K. $300K to $400K $148.69 2002 DwellingType $145.81L. $400K to $500K $149.48 2003 Condo M. $500K to $600K 2004 $142.98 $146.66 Mobile N. $600K to $800K 2005 $140.06 $143.91 SFR O. $800K to $1M
$150 10K 0K
$140
2006
$136.97 $139.28 $134.42 $132.06 $136.35 $129.52 $133.50 $127.79 $131.05 $125.38 $128.50 $122.30 $126.73 $119.70 $123.67 $118.58 $120.82 $116.06 $117.28 $113.17 $114.49
$130
$120
$110
$109.61 $105.83
Transaction Type Normal Short Sale Lender Owned HUD Sale
List Price Range A. $0K to $25K
$111.43
$107.77
B. $25K to $50K
$99.99
$100
$103.86 $98.39
$96.41 $92.80 $89.49
$90
$86.21
C. $50K to $75K
D. $75K to $100
$94.68
E. $100K to $12
$91.15
F. $125K to $15
$87.88
G. $150K to $17
$82.29 $83.33 $81.66 $80 $81.88
H. $175K to $20
February 2018
August 2017
October 2017
December 2017
April 2017
June 2017
February 2017
December 2016
August 2016
October 2016
April 2016
June 2016
February 2016
August 2015
October 2015
December 2015
April 2015
June 2015
February 2015
December 2014
August 2014
October 2014
April 2014
June 2014
February 2014
August 2013
I. $200K to $250 October 2013
“Boomerang Buyers”, buyers returning to homeownership after suffering a short sale or foreclosure, will still be out in 2018 but this will be the last year of significant activity from this segment. The vast majority of them completed mandatory wait periods for FHA and conventional financing between 2015 and 2017, removing a major roadblock on credit reports and allowing many to reconsider owning. Remaining demand for homeownership will need to come
Maricopa
Mobile SFR
© 2016 Cromford Associates LLC - sharing is permitted from Cromford Report subscribers only
2001
110K
December 2013
SINGLE FAMILY PERMITS 10% Increase in 2018 10% Increase in 2019
County
Condo
Last Update: 1/1/2018 11:16:51 PM
April 2013
EMPLOYMENT 2.8% Increase in 2018 2.5% Increase in 2019
The market continues to favor sellers, especially under $275,000. Over 51% of newly constructed condominiums, townhomes and single family residences sold were between $275,000 and $500,000 as of November 2017. The lack of new construction in the lower price ranges has created an opportunity for flip investors looking to capitalize on demand from first-time homebuyers for move-in ready homes. There were 7,472 flip sales, categorized as those homes bought and sold within a 6-month period, year-todate through November 2017. That is 21% over 2016 and 49% over 2014 within the same time frame, but still well below 2012’s volume of 12,771.
Dwelling Type
Annual Sales Rate
Greater Phoenix - ARMLS Residential - Measured Monthly
June 2013
RETAIL SALES 4.2% Increase in 2018 3.8% Increase in 2019
Sales volume increased 6.4% from an annual rate of 87,920 to 93,511. This makes 2017 the highest year since 2011 and the fourth highest year overall for sales volume. Total dollar volume increased 14% from $24.4 billion to $27.8 billion, placing 2017 in second place overall for total money spent on residential resale transactions. 2005 was the highest year for total dollar volume at $30.9 billion.
February 2013
POPULATION 1.8% Increase in 2018 1.8% Increase in 2019
from $225,000 to $239,900
December 2012
Taking place at the Civic Center Mall, this is a foodie paradise. Highlights of the Scottsdale Culinary Festival include 40 local restaurants, 30 craft breweries, 20 bands, a teen cooking challenge, chef demos, family zone, wine garden and much more. The Scottsdale Culinary Festival is the opportunity to taste as many foods from as many restaurants as your stomach will allow. Registration required. Family friendly for ages 8+. Find out more at ScottsdaleFest.org
The annual median sales price gained 6.6%
August 2012
April 14-15
from $277,476 to $297,317
October 2012
GREATER PHOENIX ECONOMIC SNAPSHOT
SOURCE: ELLIOTT D. POLLACK & CO., JANUARY 2018
The annual average sales price increased 7.2%
68,210
Taking all of this into account, we believe 2018 will be a better year for the economy overall. We expect employment to increase by an estimated 2.3% across Arizona and 2.8% in Greater Phoenix. We are expecting population to grow 1.6% this year and 1.7% growth next year for the state and slightly higher growth in Greater Phoenix. Housing should continue at a strong upward pace of roughly 10% growth per year for the next two years. And retail sales should grow by 3-4% in the short term.
from $141.29 to $150.37
April 2012
Despite these lingering questions, it looks like the positives substantially outweigh the negatives. There is always room for caution. But, as for now, enjoy the moment and 2018.
GREATER PHOENIX - ARMLS RESIDENTIAL - MEASURED MONTHLY 1/1/2018
June 2012
Scottsdale Culinary Festival
There are still questions we have about potential problems facing the economy. Is the stock market too high? Can consumers sustain growth in spending? Will the vitriol in American politics poison the party? Will the new stimulus work?
ANNUAL SALES RATE
The annual average price per square foot rose 6.4%
62,346
Spring Training baseball under the warm Arizona sun has been a tradition for devoted fans since 1947. Scottsdale is home to the San Francisco Giants, Colorado Rockies and Arizona Diamondbacks. The San Francisco Giants play in the heart of downtown Scottsdale at Scottsdale Stadium. A short drive north, the Colorado Rockies and Arizona Diamondbacks play at the Salt River Fields at Talking Stick. Come support your team during the 2018 Spring Training! Find out more at ExperienceScottsdale.com
For the overall market across Greater Phoenix, price trends capping off 2017 are as follows according to Arizona Regional MLS sales:
February 2012
February 23 - March 27
In relative terms, the economy is running on all cylinders. And, the imbalances that usually result from this strength in economic activity are not in sight. Due to the slower than usual recovery, the normal pressures felt at this stage of the cycle are not here at the moment. Given the stimulus that will be created by the tax cuts, reductions in regulation, and infrastructure spending that is likely to take place, growth is expected to accelerate in 2018.
he residential resale market in Greater Phoenix continued to strengthen in 2017 and prices are poised to continue improving faster than the rate of inflation into 2018, particularly in the lower price ranges.
December 2011
Spring Training in Scottsdale
This brighter outlook comes on top of continued growth in corporate profits, the highest level of consumer optimism in 17 years, real personal income growth and growth in personal consumption expenditures in excess of growth in personal income. In addition, the manufacturing sector continues to expand as does construction spending.
T
Overall, the market remains healthy going into 2018. Sales prices are expected to continue rising faster than the rate of inflation below $400,000, which means buyers will be purchasing smaller homes for their money this year. Buyers between $400,000 and $1.5M will find a more balanced market with extra wiggle room for price negotiations. Higher inventory in the market over $1.5M is causing prices to decline despite a 17% increase in sales volume, good news for luxury buyers in this price point.
55,229
The Place to Be
This stimulus comes late in the business cycle. This is the third longest recovery/ expansion in U.S. history. If the expansion lasts until mid-2019, it will be the longest recovery in U.S. history. To this point, the level of economic activity this cycle has been much slower than any of its predecessors. Going forward that might change. It remains to be seen how this late cycle stimulus plays out. But, the near term outlook has become more positive.
RESIDENTIAL REAL ESTATE
B Y: M I C H A E L O R R | P R I N C I PA L O F T H E C R O M F O R D R E P O R T
August 2011
It is my pleasure to present two relevant articles on the local real estate market, and how the past trends will effect us in 2018. In addition, two Scottsdale traditional events are highlighted below. As always, let me know if we can assist you in the sale or acquisition of a home. Until next time, may you enjoy the spring season in our beautiful corner of Arizona. -- Sandra
Also noteworthy, the House and Senate tax bills were reconciled and finally passed tax cuts along party lines which will go into effect this year. This should stimulate the economy sufficiently to make 2018 a better year than 2017. The longer run effects should also be positive.
October 2011
Metro Phoenix Economic Snapshot
Supply remains extremely short for homes under $200,000, which constitutes nearly 34% of all sales in Greater Phoenix. This large market share throws some influence on overall measures for the Valley, especially when it comes to appreciation. While the overall appreciation rate for Greater Phoenix is 6.4%, it’s not uncommon to see appreciation rates soar over 8% on properties under $200,000 and drop to 3-4% annually for the nearly 51% that sell between $200,000 and $400,000. Prospects for more supply on the low end are slim these days. Existing landlords with homes in this price range have little incentive to sell profitable rentals and the reported tax incentives planned for 2018 are expected to be in their favor. Existing owner occupants with homes under $200,000, many with favorable fixed interest rates, are choosing to stay and possibly renovate instead of braving the increasingly competitive homebuying market.
J. $250K to $300
K. $300K to $40
L. $400K to $500
M. $500K to $60
N. $600K to $80
O. $800K to $1M
P. $1M to $1.5M
Engel & Völkers Scottsdale 4821 N Scottsdale Road #107 Scottsdale Arizona 85251 480.596.0001 Scottsdale@EVusa.com | Scottsdale.EVusa.com
MARCH | APRIL 2018
GAIN
SANDRA WILKEN PARTNERS
Gainey Ranch Market Report | Sept. 2017 – Feb. 2018 Status
Address
Unit# List Price Sold Price
Status
The Oasis
Unit# List Price
Sold Price
Active 7705 E Doubletree Ranch 49 $848,000 Pending 7705 E Doubletree Ranch 37 $899,000 Active 7705 E Doubletree Ranch 17 $824,000 Vaquero Drive Active 7750 E Vaquero Drive $2,790,000 The Courts
Active 7222 E Gainey Ranch 210 $509,900 Sold 7222 E Gainey Ranch 145 $575,000 $551,500 Active 7222 E Gainey Ranch 202 $509,000 Active 7222 E Gainey Ranch 245 $645,000 Pending 7222 E Gainey Ranch 128 $675,000 Sold 7222 E Gainey Ranch 244 $468,000 $455,000 Active 7222 E Gainey Ranch 230 $555,000 Active 7222 E Gainey Ranch 117 $499,900 The Pavilions Sold 7272 E Gainey Ranch 94 $449,000 Sold 7272 E Gainey Ranch 27 $419,000 Active 7272 E Gainey Ranch 90 $429,000 Sold 7272 E Gainey Ranch 67 $409,000 Sold 7272 E Gainey Ranch 59 $375,000 Pending 7272 E Gainey Ranch 123 $489,000 Pending 7272 E Gainey Ranch 122 $439,000 Pending 7272 E Gainey Ranch 110 $450,000 Active 7272 E Gainey Ranch 75 $409,000 Active 7272 E Gainey Ranch 132 $459,000 7400 Gainey Club
Address
Sold 7710 E Gainey Ranch 251 $259,000 $245,000 Sold 7710 E Gainey Ranch 229 $275,000 $260,000 Sold 7710 E Gainey Ranch 239 $274,000 $260,000 Sold 7710 E Gainey Ranch 205 $250,000 $240,000 Sold 7710 E Gainey Ranch 223 $238,000 $238,000 Sold 7710 E Gainey Ranch 142 $332,000 $325,000 Pending 7710 E Gainey Ranch 205 $245,000 Active 7740 E Gainey Ranch 1 $975,000 Active 7740 E Gainey Ranch 55 $824,900 Golf Cottages
$435,000 $390,000 $395,000 $375,000
Active 7400 E Gainey Club 116 $425,000 Sold 7400 E Gainey Club 115 $484,000 $420,000 Sold 7400 E Gainey Club 244 $469,900 $460,000 Active 7400 E Gainey Club 222 $574,000 Sold 7400 E Gainey Club 216 $472,500 $450,000 Active 7400 E Gainey Club 230 $449,900 Active 7400 E Gainey Club 128 $485,750 The Legend Active 7425 E Gainey Ranch 3 $1,450,000 Sold 7425 E Gainey Ranch 4 $899,000 $895,000 The Estates Active 7475 E Gainey Ranch 23 $2,295,000 Active 7475 E Gainey Ranch 14 $1,495,000 The Greens Sold 7525 E Gainey Ranch 121 $515,000 $475,000 Active 7525 E Gainey Ranch 112 $630,000 Active 7525 E Gainey Ranch 182 $749,000 Sunset Cove Active 7700 E Gainey Ranch 214 $475,000 Sold 7700 E Gainey Ranch 104 $319,700 $305,000 Pending 7700 E Gainey Ranch 24 $474,900 Active 7700 E Gainey Ranch 130 $529,900 Sold 7700 E Gainey Ranch 132 $459,000 $440,000 Arroyo Vista Sold 7705 E Doubletree Ranch 40 $575,000 $550,000 Sold 7705 E Doubletree Ranch 29 $749,000 $730,000 Sold 7705 E Doubletree Ranch 38 $829,900 $820,000 Pending 7705 E Doubletree Ranch 43 $849,900
Pending 7760 E Gainey Ranch 20 $455,500 Active 7760 E Gainey Ranch 1 $660,000 Active 7760 E Gainey Ranch 5 $649,000 Active 7760 E Gainey Ranch 24 $575,000 Enclave 1 Sold 7878 E Gainey Ranch 10 $810,000 Sold 7878 E Gainey Ranch 13 $1,185,000 Sold 7878 E Gainey Ranch 8 $879,000 Enclave II
$790,000 $1,075,000 $879,000
Sold 7323 E Gainey Ranch 20 $770,000 $700,000 8989 Gainey Center Drive Sold 8989 N Gainey Center 207 $479,000 $452,000 Sold 8989 N Gainey Center 143 $525,000 $490,000 Sold 8989 N Gainey Center 209 $510,000 $485,000 Sold 8989 N Gainey Center 145 $464,900 $445,000 Sold 8989 N Gainey Center 149 $649,000 $615,000 Sold 8989 N Gainey Center 117 $474,900 $458,500 Pending 8989 N Gainey Center 223 $768,000 Active 8989 N Gainey Center 205 $489,000 North Meadow 1 Pending 9940 N 78th $1,395,000 Active 10080 N 78th $899,000 Active 10100 N 78th $1,195,000 Active 9985 N 79th $1,200,000 North Meadow 2 Sold Sold Sold
9878 N 79th 9941 N 79th 9984 N 79th
$1,300,000 $800,000 $1,085,000
$1,262,500 $693,000 $1,050,000
All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS. Red listings indicates recent change of status.
36 COUNTRIES | FIVE CONTINENTS | RESIDENTIAL | NEW DEVELOPMENT COMMERCIAL | YACHTS | AVIATION Sandra Wilken
480.596.0001
SANDRA WILKEN PARTNERS
Engel & Volkers and its independent licensed partners are equal opportunity employers and fully support the principles of the Fair Housing Act.
If your home is currently listed, this is not a solicitation for that listing.
MarketUpdate GAINEY RANCH
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