Very different from last year’s desperately sticky sales scenario in the midst of foreclosures, short sales, high inventory and plummeting prices, 2011 has seen signs of an upward swing in the luxury home market:
- Over 500 Million Dollars in luxury property sold and lent in the last 12 months
- 10% variance, list to sales price
- Increased activity month over month in 2011
- In Paradise Valley, Scottsdale and other luxury areas, days on market is now under 365 days!
- February 2010 Paradise Valley had 6 closings, compared to February 2011 there were 38!
In light of this, we're pleased to be hosting a Luxury Forum, May 2nd, from 1:30-3:30at Gainey Golf Club in Scottsdale. The forum will provide an in depth look at Arizona's luxury home market and will be moderated by Bill Gray with the Arizona School of Real Estate. A luxury market trend report will be presented by Steve de Laveaga, SVP of Sales and Marketing of Fidelity Phoenix. The panelists for the forum include:
Walt Danley, Realty Executives
Tom Locati, Russ Lyon Sotheby’s International Realty
Sandra Wilken, Sandra Wilken Luxury Properties
Joan Levinson, John Hall & Associates
Don Matheson, ReMax Fine Properties
Appraiser- Sue S. Miller, SRA Miller Pipher, Inc.
Mark Monson, Primary Residential Mortgage
James Voorhees, PMB Branch Sales Manager, Wells Fargo Mortgage Banking
RSVP is required, to events-fntmarketing@fnf.com.
More exciting related news, please watch next week, as we publish details of our new Luxury Marketing package!
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