Sales January - December 2016 Home Sales in 85253 $589 million
Sales January - June Home Sales in 85253 $327 million From January-June this year here are the stats for 85253: • 186 sales for Single Family Detached homes • For a total of $308,024,554 • 59 sales for condos, patio and town homes • For a total of $19,811,295 • detached Home sales under $1 million --> 47 • detached Home sales $1 - $2 million --> 89 • detached Home sales $2 - $4 million --> 43 • detached Home sales $4 - $7 million --> 6 • detached Home sales $7 - $10 million --> 1 • detached Home sales over $10 million --> 0 A good number of the sales under $1 million were in 85253, but not in the Town of Paradise Valley. Sales for homes over $4 million were 7 which is down from 13 during the same period last year.
The stats for 2016 Home Sales in zip code 85253: • 344 sales for Single Family Detached homes • For a total of $566,825,385 - $339.65 per foot • 92 sales for condos, patio and town homes • For a total of $32,591,929 - $223.99 per foot • detached Home sales under $1 million --> 160 • detached Home sales $1 - $2 million --> 94 • detached Home sales $2 - $4 million --> 78 • detached Home sales $4 - $7 million --> 11 • detached Home sales $7 - $10 million --> 1 • detached Home sales over $10 million --> 0 A good number of the sales under $1 million were in 85253, but not in the Town of Paradise Valley. Sales for homes over $4 million were 12 which is down from the same period last year.
Home Sales in 85258 $227 million From January-June this year here are the stats for 85258: • 230 sales for Single Family Detached homes • For a total of $133,163,294 • 305 sales for condos, patio and town homes • For a total of $94,238,257 In Scottsdale zip code 85258 more than 85% of the sales took place in the three major planned communities of McCormick Ranch, Scottsdale Ranch, Gainey Ranch. Area (ranches) SFD sales Price per foot Total McCormick 120 $221.13 $65 million Scottsdale 75 $231.70 $45 million Gainey 16 $267.84 $12.9 million Paradise Farms 1 $431.63 $3.3 million Other 6 $6.6 million
Home Sales Arcadia $257 million From January-June this year here are the stats for 85018: • 315 sales for Single Family Detached homes • For a total of $235,705,618 • 111 sales for condos, patio and town homes • For a total of $21,334,450 Area (Arcadia) SFD sales Price per foot Total Proper 71 $377.10 $120 million Camelback 54 $314.82 $56 million Lite 89 $252.44 $51 million Lower 64 $225.81 $31 million Southwest 69 $211.32 $28 million Arcadia Proper is in both 85018 and 85251 which is why the totals don’t add up. Prices in Arcadia Proper are higher than many parts of Paradise Valley now.
2016 Home Sales in 85258
The stats for 2016 Home Sales in zip code 85258: • 399 sales for Single Family Detached homes • For a total of $238,761,004 - $229.42 per foot • 541 sales for condos, patio and town homes • For a total of $165,288,344 - $198.00 per foot In Scottsdale zip code 85258 more than 85% of the sales took place in the three major planned communities of McCormick Ranch, Scottsdale Ranch, Gainey Ranch. Area (ranches) SFD sales Price per foot Total McCormick 212 $221.94 $117 million Scottsdale 125 $231.64 $73 million Gainey 40 $264.78 $33.8 million Paradise Farms 5 $358.07 $10 million Other 17 $4.7 million
2016 Home Sales in Arcadia
Optima Kierland is not included because the sales have not closed.
$516 million
The stats for 2016 Home Sales in zip code 85018: • 641 sales for Single Family Detached homes • For a total of $473,551,581 - $264.41 per foot • 225 sales for condos, patio and town homes • For a total of $43,005,229 - $156.33 per foot Area (Arcadia) SFD sales Price per foot Total Proper 129 $371.74 $208 million Camelback 91 $308.63 $92 million Lite 164 $254.56 $94 million Lower 110 $228.33 $56 million Southwest 149 $216.81 $66 million Arcadia Proper is in both 85018 and 85251 which is why the totals don’t add up. Prices in Arcadia Proper are higher than many parts of Paradise Valley now.
Luxury Urban Condos $49 million There are three urban areas with condos that recently sold for more than $1 million; The Biltmore, Kierland, and Old Town Scottsdale. Here are the stats on the six condo residences in those areas. • 60 sales for Luxury Condo Residences • For a total of $49,081,799 Sales Price per foot Total Residences Waterfront 7 $571.22 $8.5 million Optima Camelview 34 $392.95 $18.8 million Plaza Lofts 4 $721.98 $7.6 million Landmark 7 $293.31 $3.8 million Two Biltmore 3 $586.73 $5.4 million Fairway Lodge 5 $403.56 $4.8 million
$404 million
2016 Sales Luxury
Condos $43 million
The stats for 2016 Luxury Condo Sales: (over $1 million) • 28 sales for Condo Residences over $1 million • For a total of $42,504,776 - $591.60 per foot There are four urban areas these condos sold; The Biltmore, Kierland, Old Town Scottsdale, & Tempe. Sales > $1mil Price per foot Total Residences Envy Residences 4 $629.57 $6.9 million Esplanade Place 2 $572.46 $3.9 million Fairway Lodge 3 $416.32 $3.5 million Optima Camelview 4 $564.96 $4.9 million Plaza Lofts 4 $778.78 $7.7 million Scottsdale Waterfront 5 $624.76 $7.4 million Two Biltmore 3 $583.00 $5.6 million We only had room to list towers with more than one sale.
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Changes from June - December The Town of Paradise Valley 1. Sales for both Single Family Detached homes and Condos slowed down slightly in the 2nd half of the year. 2. The majority of the sales under $1 million in 85253 were not in the Town of Paradise Valley, but sales under $1 million exploded in the 2nd half of the year to more than 3x the first 6 months. 3. Sales for homes priced between $1 - $2 million were almost nonexistent for the 2nd half of the year, only 5 sales. 4. Sales for homes over $2 million remained strong and finish only slightly down from the first 6 months. Please contact me if you are interested in buying or selling a home in The Town of Paradise Valley.
McCormick, Scottsdale, & Gainey 1. Sales for both Single Family Detached homes and Condos slowed down slightly in the 2nd half of the year. 2. It is almost scary how consistent the price per foot remained between the first 6 months and the whole year. 3. Sales for Single Family Detached homes in Gainey Ranch were almost 3x the first 6 months. 4. Sales for Single Family Detached homes in Paradise Farms were 5x the first 6 months. 5. There was obviously a typo on the $6.6 million figure for the “Other” area in June. It most likely was $1.6 or $2.6 million. Please contact Michael Hankerson if you are interested in buying or selling a home in 85258.
Arcadia 1. Sales for both Single Family Detached homes and Condos picked up slightly in the 2nd half of the year. 2. The more expensive areas, Arcadia Proper and Camelback area saw a slight decrease in price per foot 3. The more moderately priced areas, Arcadia Lite and Lower Arcadia saw slight increases in price per foot. 4. The most affordable area saw a 2.6% increase in price and a slight growth in sales. Please contact Michael Hankerson if you are interested in buying or selling a home in Arcadia.
Luxury Urban Condos 1. We changed the way we did this report from all the sales in the complex to only the sales over $1 million. 2. The New Envy Residences are giving the Scottsdale Waterfront a run for the money on the cost per foot in Old Town Scottsdale. (Please call me to arrange a private tour of the Envy Residences) 3. The Plaza Lofts on Main Street still has the highest price per foot due to its one of a kind location. 4. The majority of the Luxury Urban Condo sales are still in the two Urban areas off Camelback Road, (The Biltmore area: 24th & Camelback, and Old Town Scottsdale: Scottsdale & Camelback Please contact Michael Hankerson if you are interested in buying or selling a Luxury Condo.
More Year End Reports Over the next few weeks we will be coming out with several publications and reports about the Arizona Economy, the Arizona Housing Market, and more detailed reports that break home sales down by price in areas like: • The Town of Paradise Valley • Mummy Mountain Park • McCormick Ranch • Paradise Park • Scottsdale Ranch • Gainey Ranch • Arcadia • 85260 • Old Town Scottsdale • Opportunities in South Scottsdale Please email Michael Hankerson if you want a copy of any of these reports.