Real Estate Activity in Estancia
Homes Currently For Sale ADDRESS 10048 E Blue Sky Dr 27951 N 101st St 10356 E Running Deer Trl 27962 N 100th Pl 27339 N 103rd Wy 27264 N 103rd Wy 27843 N 103rd Pl 27807 N 103rd Pl 27771 N 103rd Pl 27149 N 97th Pl 26942 N 103rd St 9689 E Oberlin Wy 28094 N 96th Pl 10301 E Running Deer Trl 27257 N 97th Pl 9675 E Bajada Rd 27555 N 103rd Wy 28023 N 96th Pl 27770 N 103rd Pl 10199 E Cavdale Dr 27950 N 103rd Pl
Homes Pending ADDRESS 27559 N 103rd St
27950 N 103rd Place 4 Bed | 4.5 Bath | 9,315 SQFT | $7,995,000
Homes Sold
ADDRESS 27210 N 103rd Wy 27256 N 97th Pl
One of Scottsdale’s finest estates perched on two lots in the world renowned community of Estancia • Designed by Allen Tafoya & built by Randy Arnett, this home is situated on nearly two acres and has tremendous views of the 17th hole, city lights, sunsets & Pinnacle Peak • A masterful design of grand elegance, intimate spaces & seamless blend of indoor & outdoor living • True Master retreat with separate sitting room, private view patio & his/hers bathrooms • Upstairs office & game room with view deck provides endless views of The Valley • Separate guest wing with 3 full suites • Dedicated fitness room • Formal and casual dining rooms with butler’s pantry • No detail has been overlooked and only the finest materials have been used in this European style estate •
Lots Currently For Sale
ADDRESS 28004 N 103rd Pl 161 27915 N 103rd Pl 149 27986 M 103rd Pl 160 27157 N 98th Wy 222
Lots Sold
ADDRESS 27415 N 103rd St 203 27903 N 96th Pl 11 10171 E Peak Cir 251
SQFT 2,846 3,450 4,861 5,370 4,550 5,665 3,800 5,780 7,603 5,398 6,640 4,465 5,432 5,324 5,766 8,055 6,580 4,792 7,377 12,971 9,315
BED 3 3 3 4 3 5 2 4 3 4 5 3 3 4 4 4 4 4 4 6 4
BATH 3 3 3.5 3.5 3 4.5 3 4.5 5.5 3.5 5.5 3.5 4.5 5.5 5 4.5 4.5 4.5 4.5 11 4.5
LIST PRICE $1,195,000 $1,495,000 $1,725,000 $1,895,000 $1,945,000 $1,990,000 $2,195,000 $2,250,000 $2,495,000 $2,850,000 $2,950,000 $2,950,000 $3,450,000 $3,495,000 $3,850,000 $4,495,000 $4,995,000 $5,500,000 $5,695,000 $6,995,000 $7,995,000
SQFT 5,193
BED BATH 3 3.5
LIST PRICE $2,975,000
SQFT 4,810 7,271
BED BATH 4 4.5 4 6
LIST PRICE $2,950,000 $4,300,000
ACRE 1.1 0.61 1.21 1.86
LIST PRICE $695,000 $750,000 $1,095,000 $1,950,000
ACRE 0.99 0.99 0.99
LIST PRICE $625,000 $625,000 $925,000
SEPTEMBER | OCTOBER 2016
ESTA
Featured Cover Property
Lifestyle E S TA N C I A
SOLD PRICE $2,655,000 $3,825,000
SOLD PRICE $595,000 $595,000 $800,000
Report may not be indicative of all real estate activity. All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.
LPG-3.com JAY PENNYPACKER
602.570.3962 c DEBBIE NEGRIN
480.734.3498 c WILL FOOTE
480.242.2483 c If your home is currently listed, this is not a solicitation for that listing.
Luxury | Defined
Luxury Property Group is a consistent topproducer in the luxury market and possesses an intimate knowledge of North Scottsdale. Whether you are looking to purchase a lot or home or want to sell a property you currently own, our team provides complete sales and marketing services.
Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com
End-of-Summer Real Estate Update Exclusively Presented By Luxury Property Group
Estancia End-of-Summer Real Estate Update
SAVE THE DATE!
LaScalas/Terracina Custom Homes
# SOLD 2
8
PRICE RANGE
$950,000 - $1,025,000
$1,355,000 - $3,825,000
Estancia Market – LOTS
W
e're pleased to provide our annual End-of-Summer Real Estate Update and hope that you are all happy, healthy and enjoying the summer. First, we want to share with you the success of our team: Debbie Negrin, Jay Pennypacker and Will Foote (Luxury Property Group) have sold over $75 million in north Scottsdale during the last year and with over $35 million in sales year-to-date we are on track to sell $75 million this year. Our production places us at the top for Russ Lyon | Sotheby's International Realty, which is the luxury sales leader in Arizona and the largest Sotheby's Realty affiliate in the world. We have been awarded the Lyon’s Elite award as top seller at our brokerage and have been recognized by the Phoenix Business Journal as the #10 team in greater Phoenix competing with our 3-agent team against real estate teams with more than 50 agents. Our team continues to outperform all other real estate groups in Estancia with 80% market share for properties sold and we have represented both the buyer and seller in over 50% of these sales during the last 12 months. Over the past decade our team members have been involved in 148 transactions behind the gates in Estancia!
Estancia Market – HOMES
During the last 12 months there have been a total of 10 home sales, which is slightly down from 2015 — a record for Estancia with 14 home sales. The average sale price for homes in Estancia has dropped slightly to just under $3,000,000 during the last 24 months compared to $3,200,000 at this time last year. Below are statistics for all Estancia Homes:
The lot market was the star last year with 12 lot sales compared to just 3 lot sales this year. The average lot sale price during the last 12 months is $598,333. Currently, there are two pending lot sales, both listed at $625,000. Below are statistics for Estancia Lots:
Lots
# SOLD 3
on smaller footprints. Buyers consistently ask us to see homes around 5,000 square feet that are brand new with open floor plans and views. The proof in the power of new is demonstrated by the fact that new homes are selling at a 30% premium compared to resale homes as it relates to price per square foot. The average price per square foot for new homes exceeds $600 while the average for resale homes is under $500 per square foot. New homes are also selling quickly, averaging less than 30 days on the market after the home has completed construction, further demonstrating the bifurcation in the home market. As it relates to lots, the market is strong based on the fact that there are currently 9 homes under construction and another 11 homes in design. Of the 9 homes under construction, 3 of the homes are spec homes while there are 3 spec homes in design. Based on our calculations approximately 10% of the lots remain in the community where homes can be built, and currently about 10% of the Estancia lots are under construction or in some phase of design. As a result, lots are becoming scarce and we expect an increase in demand over the next few years.
Mark your calendars overall pricing and total lots sold as we look forward to have decreased slightly. 45 lots seeing you at our have sold in the last 12 months Annual Welcome compared to 63 sales during the Back Party on previous 12 months, which is a Wednesday, 28% decrease in lots sold. Average November 2nd! sales price has decreased 39% in the last 12 months averaging $340,396 this year versus $565,130 last year. As it relates to days on market for luxury lots selling over $300,000, the average this year is 392 days versus 339 days to sell last year.
PRICE RANGE
$400,000 - $800,000
The overall market in Estancia has slowed during the first half of 2016 after a solid finish to 2015. We contribute this to the challenges presented by an unstable stock market combined with the uncertain political environment this election year. Many buyers remain "on the fence" waiting for stability in the political and financial worlds before committing to purchase real estate. Another factor affecting sales in Estancia is the shift in the buyer profile over the last 5 years, which is beginning to create a bifurcated market for home sales in particular. The demand is for new homes
Overall Luxury Market in North Scottsdale
When we review the luxury HOME market in North Scottsdale we utilize the 85262 and 85266 zip codes and include homes that closed at $2,000,000 or greater. In this market we see consistencies with the Estancia real estate market, with fewer homes selling at a lower average sales price. Overall, 44 homes have sold in the last 12 months compared to 55 sales during the previous 12 months; a 20% decrease in units sold. Average sales price is $2,587,550 this year compared to $2,877,245 last year. This translates into a total sales volume decrease of 28%. However, the average sales price per square foot has increased, averaging $470.61 this year compared to $454.53 last year. This increase is consistent with the fact that the overall market is bifurcated similar to the Estancia market with new homes selling at a 30% premium over resale homes. As it relates to days on market for luxury homes selling over $2,000,000, the average this year is 242 days versus 292 days to sell last year. The luxury LOT market in North Scottsdale is measured again using the 85262 and 85266 zip codes and includes lots that have closed at $300,000 or greater. In this market
In closing, thank you for your business and your time reading this update. Please feel free to contact any member of our team at any time for assistance in evaluating your real estate needs. We can assure that you will continue to receive the very best real estate services from our group and that we will always go the extra mile for you.
— Luxury Property Group
Estancia End-of-Summer Real Estate Update
SAVE THE DATE!
LaScalas/Terracina Custom Homes
# SOLD 2
8
PRICE RANGE
$950,000 - $1,025,000
$1,355,000 - $3,825,000
Estancia Market – LOTS
W
e're pleased to provide our annual End-of-Summer Real Estate Update and hope that you are all happy, healthy and enjoying the summer. First, we want to share with you the success of our team: Debbie Negrin, Jay Pennypacker and Will Foote (Luxury Property Group) have sold over $75 million in north Scottsdale during the last year and with over $35 million in sales year-to-date we are on track to sell $75 million this year. Our production places us at the top for Russ Lyon | Sotheby's International Realty, which is the luxury sales leader in Arizona and the largest Sotheby's Realty affiliate in the world. We have been awarded the Lyon’s Elite award as top seller at our brokerage and have been recognized by the Phoenix Business Journal as the #10 team in greater Phoenix competing with our 3-agent team against real estate teams with more than 50 agents. Our team continues to outperform all other real estate groups in Estancia with 80% market share for properties sold and we have represented both the buyer and seller in over 50% of these sales during the last 12 months. Over the past decade our team members have been involved in 148 transactions behind the gates in Estancia!
Estancia Market – HOMES
During the last 12 months there have been a total of 10 home sales, which is slightly down from 2015 — a record for Estancia with 14 home sales. The average sale price for homes in Estancia has dropped slightly to just under $3,000,000 during the last 24 months compared to $3,200,000 at this time last year. Below are statistics for all Estancia Homes:
The lot market was the star last year with 12 lot sales compared to just 3 lot sales this year. The average lot sale price during the last 12 months is $598,333. Currently, there are two pending lot sales, both listed at $625,000. Below are statistics for Estancia Lots:
Lots
# SOLD 3
on smaller footprints. Buyers consistently ask us to see homes around 5,000 square feet that are brand new with open floor plans and views. The proof in the power of new is demonstrated by the fact that new homes are selling at a 30% premium compared to resale homes as it relates to price per square foot. The average price per square foot for new homes exceeds $600 while the average for resale homes is under $500 per square foot. New homes are also selling quickly, averaging less than 30 days on the market after the home has completed construction, further demonstrating the bifurcation in the home market. As it relates to lots, the market is strong based on the fact that there are currently 9 homes under construction and another 11 homes in design. Of the 9 homes under construction, 3 of the homes are spec homes while there are 3 spec homes in design. Based on our calculations approximately 10% of the lots remain in the community where homes can be built, and currently about 10% of the Estancia lots are under construction or in some phase of design. As a result, lots are becoming scarce and we expect an increase in demand over the next few years.
Mark your calendars overall pricing and total lots sold as we look forward to have decreased slightly. 45 lots seeing you at our have sold in the last 12 months Annual Welcome compared to 63 sales during the Back Party on previous 12 months, which is a Wednesday, 28% decrease in lots sold. Average November 2nd! sales price has decreased 39% in the last 12 months averaging $340,396 this year versus $565,130 last year. As it relates to days on market for luxury lots selling over $300,000, the average this year is 392 days versus 339 days to sell last year.
PRICE RANGE
$400,000 - $800,000
The overall market in Estancia has slowed during the first half of 2016 after a solid finish to 2015. We contribute this to the challenges presented by an unstable stock market combined with the uncertain political environment this election year. Many buyers remain "on the fence" waiting for stability in the political and financial worlds before committing to purchase real estate. Another factor affecting sales in Estancia is the shift in the buyer profile over the last 5 years, which is beginning to create a bifurcated market for home sales in particular. The demand is for new homes
Overall Luxury Market in North Scottsdale
When we review the luxury HOME market in North Scottsdale we utilize the 85262 and 85266 zip codes and include homes that closed at $2,000,000 or greater. In this market we see consistencies with the Estancia real estate market, with fewer homes selling at a lower average sales price. Overall, 44 homes have sold in the last 12 months compared to 55 sales during the previous 12 months; a 20% decrease in units sold. Average sales price is $2,587,550 this year compared to $2,877,245 last year. This translates into a total sales volume decrease of 28%. However, the average sales price per square foot has increased, averaging $470.61 this year compared to $454.53 last year. This increase is consistent with the fact that the overall market is bifurcated similar to the Estancia market with new homes selling at a 30% premium over resale homes. As it relates to days on market for luxury homes selling over $2,000,000, the average this year is 242 days versus 292 days to sell last year. The luxury LOT market in North Scottsdale is measured again using the 85262 and 85266 zip codes and includes lots that have closed at $300,000 or greater. In this market
In closing, thank you for your business and your time reading this update. Please feel free to contact any member of our team at any time for assistance in evaluating your real estate needs. We can assure that you will continue to receive the very best real estate services from our group and that we will always go the extra mile for you.
— Luxury Property Group
Real Estate Activity in Estancia
Homes Currently For Sale ADDRESS 10048 E Blue Sky Dr 27951 N 101st St 10356 E Running Deer Trl 27962 N 100th Pl 27339 N 103rd Wy 27264 N 103rd Wy 27843 N 103rd Pl 27807 N 103rd Pl 27771 N 103rd Pl 27149 N 97th Pl 26942 N 103rd St 9689 E Oberlin Wy 28094 N 96th Pl 10301 E Running Deer Trl 27257 N 97th Pl 9675 E Bajada Rd 27555 N 103rd Wy 28023 N 96th Pl 27770 N 103rd Pl 10199 E Cavdale Dr 27950 N 103rd Pl
Homes Pending ADDRESS 27559 N 103rd St
27950 N 103rd Place 4 Bed | 4.5 Bath | 9,315 SQFT | $7,995,000
Homes Sold
ADDRESS 27210 N 103rd Wy 27256 N 97th Pl
One of Scottsdale’s finest estates perched on two lots in the world renowned community of Estancia • Designed by Allen Tafoya & built by Randy Arnett, this home is situated on nearly two acres and has tremendous views of the 17th hole, city lights, sunsets & Pinnacle Peak • A masterful design of grand elegance, intimate spaces & seamless blend of indoor & outdoor living • True Master retreat with separate sitting room, private view patio & his/hers bathrooms • Upstairs office & game room with view deck provides endless views of The Valley • Separate guest wing with 3 full suites • Dedicated fitness room • Formal and casual dining rooms with butler’s pantry • No detail has been overlooked and only the finest materials have been used in this European style estate •
Lots Currently For Sale
ADDRESS 28004 N 103rd Pl 161 27915 N 103rd Pl 149 27986 M 103rd Pl 160 27157 N 98th Wy 222
Lots Sold
ADDRESS 27415 N 103rd St 203 27903 N 96th Pl 11 10171 E Peak Cir 251
SQFT 2,846 3,450 4,861 5,370 4,550 5,665 3,800 5,780 7,603 5,398 6,640 4,465 5,432 5,324 5,766 8,055 6,580 4,792 7,377 12,971 9,315
BED 3 3 3 4 3 5 2 4 3 4 5 3 3 4 4 4 4 4 4 6 4
BATH 3 3 3.5 3.5 3 4.5 3 4.5 5.5 3.5 5.5 3.5 4.5 5.5 5 4.5 4.5 4.5 4.5 11 4.5
LIST PRICE $1,195,000 $1,495,000 $1,725,000 $1,895,000 $1,945,000 $1,990,000 $2,195,000 $2,250,000 $2,495,000 $2,850,000 $2,950,000 $2,950,000 $3,450,000 $3,495,000 $3,850,000 $4,495,000 $4,995,000 $5,500,000 $5,695,000 $6,995,000 $7,995,000
SQFT 5,193
BED BATH 3 3.5
LIST PRICE $2,975,000
SQFT 4,810 7,271
BED BATH 4 4.5 4 6
LIST PRICE $2,950,000 $4,300,000
ACRE 1.1 0.61 1.21 1.86
LIST PRICE $695,000 $750,000 $1,095,000 $1,950,000
ACRE 0.99 0.99 0.99
LIST PRICE $625,000 $625,000 $925,000
SEPTEMBER | OCTOBER 2016
ESTA
Featured Cover Property
Lifestyle E S TA N C I A
SOLD PRICE $2,655,000 $3,825,000
SOLD PRICE $595,000 $595,000 $800,000
Report may not be indicative of all real estate activity. All information is deemed reliable but not guaranteed. The properties on this list have been listed/sold by various members of the MLS.
LPG-3.com JAY PENNYPACKER
602.570.3962 c DEBBIE NEGRIN
480.734.3498 c WILL FOOTE
480.242.2483 c If your home is currently listed, this is not a solicitation for that listing.
Luxury | Defined
Luxury Property Group is a consistent topproducer in the luxury market and possesses an intimate knowledge of North Scottsdale. Whether you are looking to purchase a lot or home or want to sell a property you currently own, our team provides complete sales and marketing services.
Produced by DLP Marketing • (480)460-0996 • DLPmarketing.com
End-of-Summer Real Estate Update Exclusively Presented By Luxury Property Group