INSIDER
LUXURY REPORT
2024
Foundation Of Excellence
At The Noble Agency, we were founded with a steadfast commitment to providing unparalleled real estate services in Arizona and beyond. Our team of experienced advisors have a deep understanding of the needs and desires of discerning buyers and sellers who seek a higher level of expertise, attention to detail and deep market knowledge. Their unwavering dedication to integrity and discretion, and to delivering a personalized, seamless experience is second to none. It is this foundation that has established us as thought leaders in the industry and what continues to drive our success and the success of our clients year after year.
THE NOBLE AGENCY | INSIDER
MONICA MONSON
Scottsdale, Paradise Valley and the surrounding cities have always been a beacon for luxury living, and 2024 is no exception. The current market is characterized by a diverse portfolio of high-end properties, from modern architectural marvels to sprawling estates that offer privacy and exclusivity. There is a strong focus on experiential living with multi-use spaces, at-home activities and a renewed desire for a sense of community. Demand remains steady, driven by the area’s world-class amenities, including premier golf courses, upscale shopping, and a vibrant arts scene.
The real estate industry is evolving including the integration of AI into real estate best practices. A deeper level of analytics and predictive modeling have enhanced our ability to forecast trends, ensuring you can make informed decisions with confidence. Property matchmaking services and virtual technologies provide a seamless, personalized experience, allowing you to envision your future with unprecedented clarity and convenience.
As our market vibrancy ebbs and flows, we are experiencing a greater need for public education about the value of experienced real estate advisors and the importance of their representation of buyers and sellers, especially when it comes to contingency timelines and minimizing risk throughout the transaction. The Noble Agency brings highly skilled professionals directly to you, helping guide you with unparalleled expertise through the intricacies of buying or selling your largest residential investments.
LETTER FROM THE CEO
With much gratitude and integrity,
Monica Monson Founder + CEO, Designated Broker The Noble Agency
3
Desert Oasis: The Enduring Appeal of The Valley’s Luxury Market
LUXURY REAL ESTATE IN THE VALLEY
Despite a slight slowdown in Arizona’s population growth, the state continues to attract new residents, with an impressive average of 210 people moving here daily. This influx has kept Arizona among the top 10 states for population growth. In the heart of this expansion is the Greater Phoenix area, where the luxury real estate market has demonstrated remarkable resilience.
While the overall real estate market in Greater Phoenix experienced a 17% decline, the luxury sector only saw a modest 5% decrease in sales year over year. This subtle dip contrasts sharply with the broader market’s trends, highlighting the enduring appeal and stability of high-end properties in the Valley.
A particularly striking aspect of this sector’s performance is the surge in ultra-luxury transactions. Sales of homes priced at $10 million and above have increased by a
significant 17%, a clear indication of robust demand at the highest end of the market.
Additionally, the luxury real estate market in the Valley has become more valueable evidenced by a 4.2% increase in price per square foot over the past year. This growth is not just a testament to the area’s desirability but also reflects the high quality of properties available.
Looking ahead, projections suggest that the luxury market in Greater Phoenix will continue to strengthen. This forecast is buoyed by the area’s ongoing population growth, the sustained interest in top-tier properties, and the overall health of the market. For discerning buyers and investors, Greater Phoenix remains a prime destination for luxury real estate, offering both quality and value in a dynamic and growing region.
THE NOBLE AGENCY | INSIDER LUXURY RECAP
5 GREATER PHOENIX - 2023 Arizona Ranked #7 in Population Growth. Down Two Spots from 2022. Sold Price Per Square Foot Avg. $609.41. Up Year-Over-Year. The Valley’s Highest Residential Sale for 2023. Total Luxury Sales Volume for 2023. Down 5% YearOver-Year. LUXURY SALES Market Data Source: Arizona Multiple Listing Service Maricopa County Residential Real Estate Closings $1.5M+ and The U.S.Cencus Bureau. #7 GROWTH 4.2% INCREASE $23.5 MILLION $6.5 BILLION Number of Closed Sales over $10M in 2023. Up 17% Year-Over-Year. 181 CLOSINGS
S N A P THE NOBLE AGENCY | INSIDER
S H O T
A deeper dive into some of the Valley’s top cities for luxury real estate.
CITY-SPECIFIC
L U X U R Y
PARADISE VALLEY #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MKT $1,500,000 - $1,999,999 26 $654.64 + 1.2% 88 $2,000,000 - $2,999,999 100 $689.66 + 3.5% 72 $3,000,000 - $3,999,999 55 746.88 + 2.8% 78 $4,000,000 - $4,999,999 38 $801.81 + 12.2% 119 $5,000,000 - $5,999,999 33 $890.61 + 9.7% 110 $6,000,000 - $6,999,999 14 $892.42 + 6.7% 88 $7,000,000 - $7,999,999 16 $996.38 + 7.1% 110 $8,000,000 - $8,999,999 12 $1,123.12 + 20% 125 $9,000,000 - $9,999,999 5 $1,297.74 + 24.1% 15 $10,000,000 - $14,999,999 17 $1,322.15 + 16.2% 156 $15,000,000 - $19,999,999 1 $1,288.11 -$20,000,000 + 1 $1,265.14 - 5.2% 90 SCOTTSDALE #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $1,500,000 - $1,999,999 499 $511.21 - 6.0% 82 $2,000,000 - $2,999,999 401 $625.84 + 6.4% 83 $3,000,000 - $3,999,999 178 $725.21 + 5.0% 100 $4,000,000 - $4,999,999 70 $803.85 + 7.8% 90 $5,000,000 - $5,999,999 33 $856.80 + 3.2% 122 $6,000,000 - $6,999,999 10 $979.89 + 16.0% 81 $7,000,000 - $7,999,999 10 $1,141.46 + 17.5% 60 $8,000,000 - $8,999,999 5 $914.09 - 9.6% 126 $9,000,000 - $9,999,999 3 $1,034.18 + 1.9% 41 $10,000,000 - $14,999,999 7 $1,274.51 + 15.9% 87 $15,000,000 + - - - 100%Market Data Source: Arizona Regional Multiple Listing Service | Maricopa County 7
EAST VALLEY #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MKT $1,500,000 - $1,999,999 41 $346.79 - 8.4% 80 $2,000,000 - $2,999,999 51 $497.96 +15.6% 71 $3,000,000 - $3,999,999 8 $566.28 +26.3% 128 $4,000,000 - $4,999,999 1 $631.31 + 22.5%$5,000,000 + 2 $692.63 +2.3% 42 WEST VALLEY #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MKT $1,500,000 - $1,999,999 11 $349.58 - 12.4% 44 $2,000,000 - $2,999,999 15 $421.18 - 6.3% 61 $3,000,000 - $3,999,999 2 $608.59 + 60.8% 110 $4,000,000 + 1 $390.28 + 100% 218 CHANDLER, GILBERT, MESA PEORIA, GLENDALE, SURPRISE THE NOBLE AGENCY | INSIDER
CAVE CREEK #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MKT $1,500,000 - $1,999,999 35 $461.11 - 6.4% 66 $2,000,000 - $2,999,999 25 $593.79 + 5.8% 96 $3,000,000 - $3,999,999 4 $618.63 - 18.8% 105 $4,000,000 + - - - 100%FOUNTAIN HILLS #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MKT $1,500,000 - $1,999,999 5 $547.34 + 23.8% 155 $2,000,000 - $2,999,999 18 $501.78 - 2.0% 86 $3,000,000 - $3,999,999 12 $590.08 - 17.7% 143 $4,000,000 - $4,999,999 3 $883.96 + 48.2% 294 $5,000,000 + 1 $572.52 +100% 161 PHOENIX #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MKT $1,500,000 - $1,999,999 193 $496.48 - .08% 87 $2,000,000 - $2,999,999 112 $605.14 - 8.6% 85 $3,000,000 - $3,999,999 39 $747.81 + .02% 83 $4,000,000 - $4,999,999 16 873.37 + 8.5% 50 $5,000,000 - $5,999,999 8 $772.14 + 32.2% 74 $6,000,000 - $6,999,999 - - - 100%$7,000,000 - $7,999,999 2 $938.87 - 15% 83 $8,000,000 + - - -Market Data Source: Arizona Regional Multiple Listing Service | Maricopa County 9
LUXURY NEIGHBORHOODS TO WATCH
A detailed look into some of the top communities in the North Valley.
SCOTTSDALE
CAVE CREEK / CAREFREE SHEABLVD
SCOTTSDALERD
PIMARD PINNACLEPEAKRD
BELL RD THE NOBLE AGENCY | INSIDER
DESERT HIGHLANDS HOMES SOLD HOMES 33% 22 AVERAGE $ / SQFT DOLLARS .5% $638.89 AVERAGE SALES PRICE DOLLARS .4% $2.86M SALES TO LIST PERCENT 5% 97% AVERAGE DAYS ON MARKET DAYS 28% 55 DESERT MOUNTAIN HOMES SOLD HOMES 3% 141 AVERAGE $ / SQFT DOLLARS .2% $670.56 AVERAGE SALES PRICE DOLLARS 2.3% $3.2M SALES TO LIST PERCENT 2% 95% AVERAGE DAYS ON MARKET DAYS 37% 126 SILVERLEAF HOMES SOLD HOMES 15% 38 AVERAGE $ / SQFT DOLLARS 12% $907.39 AVERAGE SALES PRICE DOLLARS NO CHANGE $6M SALES TO LIST PERCENT 2% 96% AVERAGE DAYS ON MARKET DAYS 3% 76 CHANGE (YEAR OVER YEAR) % DC RANCH COUNTRY CLUB HOMES SOLD HOMES NO CHANGE 20 AVERAGE $ / SQFT DOLLARS 1% $708.32 AVERAGE SALES PRICE DOLLARS 14% $3.4M SALES TO LIST PERCENT 97% AVERAGE DAYS ON MARKET DAYS 35% 70 NO CHANGE HOMES SOLD HOMES 16% 36 AVERAGE $ / SQFT DOLLARS 4% $522.77 AVERAGE SALES PRICE DOLLARS 19% $2.09M SALES TO LIST PERCENT 96% AVERAGE DAYS ON MARKET DAYS 56% 64 WINDGATE RANCH 4% Market Data Source: Arizona Multiple Listing Service - Closed Single-Family Residences $1M+ in 2023 11
Market Data Source: Arizona Multiple Listing Service - Closed Single-Family Residences $1M+ in 2023 BILTMORE HOMES SOLD HOMES 30% 35 AVERAGE $ / SQFT DOLLARS 9% $582.99 AVERAGE SALES PRICE DOLLARS 9% $1.8M SALES TO LIST PERCENT 97% AVERAGE DAYS ON MARKET DAYS 28% 68 ARCADIA HOMES SOLD HOMES 14% 83 AVERAGE $ / SQFT DOLLARS 1% $730.97 AVERAGE SALES PRICE DOLLARS 4% $2.9M SALES TO LIST PERCENT 98% AVERAGE DAYS ON MARKET DAYS 61% 71 NO CHANGE CACTUS CORRIDOR HOMES SOLD HOMES 22% 79 AVERAGE $ / SQFT DOLLARS 2% $477.11 AVERAGE SALES PRICE DOLLARS 3% $1.9M SALES TO LIST PERCENT 97% AVERAGE DAYS ON MARKET DAYS 94% 60 4% PARADISE VALLEY HOMES SOLD HOMES 8% 314 AVERAGE $ / SQFT DOLLARS 11% $805.38 AVERAGE SALES PRICE DOLLARS 10% $4.5M SALES TO LIST PERCENT 95% AVERAGE DAYS ON MARKET DAYS 24% 94 2% CHANGE (YEAR OVER YEAR) % THE NOBLE AGENCY | INSIDER
LUXURY NEIGHBORHOODS TO WATCH
A detailed look into some of the top communities in the South Valley.
CAVE CREEK / CAREFREE
SCOTTSDALERD
PINNACLEPEAKRD
BELL RD
SCOTTSDALE
SHEABLVD
PARADISE VALLEY
PIMARD
13
VISTANCIA 85383 HOMES SOLD HOMES 25% 5 AVERAGE $ / SQFT DOLLARS 13% $318.00 AVERAGE SALES PRICE DOLLARS 1% $1.04M SALES TO LIST PERCENT 2% 96% AVERAGE DAYS ON MARKET DAYS 58% 79 SUN CITY GRAND HOMES SOLD HOMES 40% 3 AVERAGE $ / SQFT DOLLARS 6% $325.26 AVERAGE SALES PRICE DOLLARS 2% $1.1M SALES TO LIST PERCENT 5% 98% AVERAGE DAYS ON MARKET DAYS 82% 20 SURPRISE HOMES SOLD HOMES 45% 11 AVERAGE $ / SQFT DOLLARS 10% $342.08 AVERAGE SALES PRICE DOLLARS 1% $1.2M SALES TO LIST PERCENT 1% 97% AVERAGE DAYS ON MARKET DAYS 21% 69 GLENDALE 85310 HOMES SOLD HOMES 11% 17 AVERAGE $ / SQFT DOLLARS 3% $367.10 AVERAGE SALES PRICE DOLLARS 6% $1.5M SALES TO LIST PERCENT NO CHANGE 98% AVERAGE DAYS ON MARKET DAYS 37% 70 WEST VALLEY 303 LOOP 303 LOOP 101 LOOP AZ-60 101 LOOP I-17 GLENDALE PEORIA SURPRISE LUXURY NEIGHBORHOODS TO WATCH A detailed look into some of the top communities in the West and East Valley. CHANGE (YEAR OVER YEAR) % THE NOBLE AGENCY | INSIDER
GILBERT 85298 HOMES SOLD HOMES 40% 65 AVERAGE $ / SQFT DOLLARS 2% $363.54 AVERAGE SALES PRICE DOLLARS 7% $1.5M SALES TO LIST PERCENT 2% 97% AVERAGE DAYS ON MARKET DAYS 112% 72 MESA 85213 HOMES SOLD HOMES 3% 29 AVERAGE $ / SQFT DOLLARS 6% $327.07 AVERAGE SALES PRICE DOLLARS 4% $1.6M SALES TO LIST PERCENT 2% 95% AVERAGE DAYS ON MARKET DAYS 7% 60 CHANDLER 85249 HOMES SOLD HOMES 22% 87 AVERAGE $ / SQFT DOLLARS 7% $314.92 AVERAGE SALES PRICE DOLLARS 2% $1.3M SALES TO LIST PERCENT 3% 97% AVERAGE DAYS ON MARKET DAYS 69% 66 MESA 85207 HOMES SOLD HOMES 25% 80 AVERAGE $ / SQFT DOLLARS 7% $370.59 AVERAGE SALES PRICE DOLLARS 12% $1.6M SALES TO LIST PERCENT 2% 97% AVERAGE DAYS ON MARKET DAYS 82% 69 CHANDLER 85286 HOMES SOLD HOMES 26% 23 AVERAGE $ / SQFT DOLLARS 6% $304.97 AVERAGE SALES PRICE DOLLARS 5% $1.2M SALES TO LIST PERCENT 4% 97% AVERAGE DAYS ON MARKET DAYS 145% 31 GILBERT 85296 HOMES SOLD HOMES 18% 37 AVERAGE $ / SQFT DOLLARS 15% $381.90 AVERAGE SALES PRICE DOLLARS 7% $1.5K SALES TO LIST PERCENT 3% 95% AVERAGE DAYS ON MARKET DAYS 88% 60 EAST 202 LOOP 202 LOOP 101 LOOP AZ-87 AZ-60 CHANDLER GILBERT MESA VALLEY Market Data Source: Arizona Multiple Listing Service - Closed Single-Family Residences $1M+ in 2023 15
A GLOBAL REACH ACROSS THE WORLD WITH
THE NOBLE AGENCY | INSIDER
NETWORK
At The Noble Agency, we blend the personal, attentive service of a local bespoke real estate firm with the power of our global network offices and advisors. Our elite membership in Who’s Who in Luxury Real Estate and REALM Global allows us to provide maximum exposure for our sellers ensuring our listings shine on the international stage. When buying across the country or internationally, our clients can confidently invest knowing they are working with the world’s top professionals.
600+ MEMBERS
World-class real estate professionals hand-selected across the globe. Membersonly access to listings, experiences, and resources.
39+ STATES
Access to real estate professionals who represent 150+ different brands from around the globe.
16+ COUNTRIES
REALM members represent the top 1% of real estate professionals globally.
130k MEMBERS
A compendium of the finest residential real estate firms from around the world.
#1 PORTAL
The leading portal for luxury properties online, presenting more multi-milliondollar estates than any near-peer.
70+ COUNTRIES
Properties in more than 70 countries collectively selling over $300 billion of real estate annually.
17
CONVERGING HORIZONS
THE
ARTISTIC JOURNEY OF VINCENT DE SARTHE
THE NOBLE AGENCY | INSIDER
D E S A R T H E
DE SARTHE GALLERY
7507 E McDonald Drive, #1a Scottsdale, AZ 85250
In the radiant landscapes of Scottsdale, Arizona, where the history of the American frontier is ever-present, there exists a hub of artistic innovation and cultural dialogue known as de Sarthe. This art gallery, led by Vincent de Sarthe, stands as a monument to creativity and the exchange of ideas, reflecting the adventurous spirit of its locale while focusing on the exploration of art and cross-cultural conversations.
The de Sarthe family embarked on their art journey in Paris during the late 1970s, initially inspired by French Impressionism. Their path spanned continents, moving through the art-centric cities of San Francisco and Los Angeles and extending to Hong Kong's vibrant southside art district before establishing their latest gallery in Scottsdale. This expansion was a conscious effort to blend Eastern and Western art narratives, enriching the gallery's collection with diverse perspectives.
Vincent de Sarthe, who grew up amidst influential artists like Christo, views art as an ever-evolving force that challenges societal norms. This belief drives the gallery's focus, presenting exhibitions that contemplate our evolving society and the impact of art within
it. Vincent shares his vision on the evolving relationship between art and technology: "I have this theory...that eventually, as AI takes over, people will have to be more and more creative. That'll be our worth in the future."
The gallery's presence in Scottsdale aims to enrich the local art community with international insights, particularly from Asia, reflecting Vincent's experiences and the rapid changes occurring in that region. de Sarthe is not merely an exhibition space but a platform for fostering dialogue about the role of creativity and its relationship with technology in the future.
The curatorial approach at de Sarthe involves uncovering art that engages, challenges, and reveals its layers over time, creating a dynamic environment for artists, collectors, and art enthusiasts to connect. Discussing the gallery's mission and selection process, Vincent emphasizes the personal connection with art: "A lot of the initial reaction I get to art is kind of like falling in love. It's something that catches your eye; there's an attraction."
In an era dominated by digital innovation, the gallery explores the intersection of art with technology, including artificial intelligence and digital platforms, to expand the boundaries of creativity. However, de Sarthe remains committed to the enduring value of art as a reflection of human
experience, a source of inspiration, and a facilitator of cultural exchange.
Vincent de Sarthe's dedication to integrating art, technology, and societal themes establishes the de Sarthe Art Gallery as more than a viewing space—it's a vibrant community center where art is dynamic, evolving, and closely linked with the global creative landscape. In Scottsdale, the gallery symbolizes art's transformative potential, inviting visitors to explore beyond the immediate and consider the future of creativity.
Are you looking to venture into the world of art collecting? "The first advice I tell new collectors is to look at as much as possible... Also, trust in the insight of advisors and gallerists," Vincent de Sarthe offers advice to new art collectors, encouraging them to seek a personal resonance with their acquisitions, reinforcing the gallery's view of art as an intimate experience. He also highlights the importance of consulting with reputable art advisors to navigate the art market with insight and discernment.
For those interested in the convergence of tradition and innovation, the gallery offers a plethora of opportunities to discover and engage with pioneering exhibitions, artist collaborations, and projects. Visit their website or follow them on Instagram to explore the forefront of art in Arizona, one exhibition at a time.
desarthe.com | @de.sarthe
A F F O R
A glance into what's happening in the Valley's affordable luxury real estate market.
D
CITY-SPECIFIC
A B L E L U X U R Y
AFFORDABLE LUXURY
MARKET RECAP
IIn the vibrant landscape of Arizona's real estate market, 2023 was a noteworthy year for those eyeing the sweet spot of affordable luxury. This niche, defined by properties ranging from $750,000 to $1,499,999, saw some shifts that potential buyers and investors should consider. Despite a 23% decrease in total sales volume, a testament to a competitive market, the allure of affordable luxury homes remained undiminished. The average price for these coveted properties nudged by +1%, settling at $977,937.
Interestingly, the average sold price per sqft dipped to $353.62, a subtle .04% decrease from 2022. This slight adjustment reflects a market balancing itself, maintaining its appeal to discerning buyers. A significant change was the increase in market time; homes remained 75% longer,
averaging 70 days on the market. This shift presents a strategic window for buyers to deliberate their decisions more thoroughly.
As we enter 2024, the early trends hint at a slower pace but with rising price points. This could potentially elevate the sold price per square foot as the year unfolds, signaling a positive sign for home sellers. For those dreaming of investing in a slice of Arizona, the current climate suggests a promising opportunity to secure a valuable asset. Now might be the perfect time to invest in your dreams, capitalizing on the evolving market dynamics to find your ideal home at a favorable value.
21
2023
CAVE CREEK #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 40 $324.34 - 4.5% 53 $800,000 - $899,999 50 $328.07 - 3.2% 63 $900,000 - $999,999 38 $346.72 + 1.1% 73 $1,000,000 - $1,499,999 99 $403.38 + 7.6% 43 CHANDLER #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 85 $268.37 - 1.9% 53 $800,000 - $899,999 141 $260.28 - 4.5% 46 $900,000 - $999,999 80 $276.26 - 1.7% 53 $1,000,000 - $1,499,999 123 $308.06 - 6.5% 65 Market Data Source: Arizona Multiple Listing Service
THE NOBLE AGENCY | INSIDER FOUNTAIN HILLS #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 26 $329.57 - 2.7% 92 $800,000 - $899,999 28 $320.94 - 1.7% 103 $900,000 - $999,999 30 $348.27 + .04% 70 $1,000,000 - $1,499,999 59 $378.63 - 4.2% 64 GILBERT #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 127 $258.93 - 4.9% 68 $800,000 - $899,999 167 $267.02 - 2.8% 58 $900,000 - $999,999 88 $288.65 - 0.5% 76 $1,000,000 - $1,499,999 124 $325.96 - 0.3% 63 GLENDALE #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 37 $269.33 - 1.1% 46 $800,000 - $899,999 37 $307.61 + 9.0% 65 $900,000 - $999,999 20 $300.26 - 4.4% 79 $1,000,000 - $1,499,999 37 $333.51 + 1.5% 70
North of Glendale Avenue Market Data Source: Arizona Multiple Listing Service 23 MESA #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 85 $271.94 - 0.4% 58 $800,000 - $899,999 108 $277.01 - 3.1% 71 $900,000 - $999,999 89 $275.27 - 6.0% 81 $1,000,000 - $1,499,999 138 $319.91 + 2.1% 71 NORTH PHOENIX #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 138 $314.01 - 1.5% 50 $800,000 - $899,999 232 $317.22 - 2.0% 67 $900,000 - $999,999 144 $320.38 - 4.1% 74 $1,000,000 - $1,499,999 266 $362.71 + .06% 69 PEORIA #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 74 $275.20 - 2.5% 76 $800,000 - $899,999 85 $281.08 - 2.2% 54 $900,000 - $999,999 60 $293.33 - 1.3% 88 $1,000,000 - $1,499,999 108 $347.84 + 4.2% 59
THE NOBLE AGENCY | INSIDER SCOTTSDALE #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 335 $390.42 - 4.0% 67 $800,000 - $899,999 500 $403.26 - 2.7% 67 $900,000 - $999,999 367 $408.80 - 2.0% 66 $1,000,000 - $1,499,999 1,010 $448.87 - .09% 69
South of Glendale Avenue Market Data Source: Arizona Multiple Listing Service 25 SOUTH PHOENIX #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 108 $359.00 - 0.6% 61 $800,000 - $899,999 153 $358.11 - 64 $900,000 - $999,999 97 $368.26 - 5.8% 64 $1,000,000 - $1,499,999 240 $437.58 - 2.9% 70 SURPRISE #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 23 $270.90 - 4.4% 98 $800,000 - $899,999 37 $281.29 - 4.8% 92 $900,000 - $999,999 21 $290.71 - 6.8% 63 $1,000,000 - $1,499,999 10 $328.14 - 10.8% 60 TEMPE #CLOSINGS AVG. PRICE/SF +/- 2022 AVG. DAYS ON MRKT $750,000 - $799,999 23 $277.41 - 13.0% 50 $800,000 - $899,999 24 $323.12 +8.9% 25 $900,000 - $999,999 6 $379.04 + 9.5% 77 $1,000,000 - $1,499,999 27 $344.36 - 1.9% 62
I t Really Does Make a Difference Where You Close! chicagotitlearizona.com YEARS OF SERVICE SINCE 1847 CELEBRATING
Organic Lighting Fixtures
The trend towards lighting fixtures made from natural materials like rattan, wood, or clay is on the rise. These materials not only add textural depth to interior spaces but also create a softer, warmer glow that enhances the overall ambiance.
Hot Interior Design Trends For 2024 5
While enduring trends like statement wallpaper, eye-catching tiles, and wellness-focused designs continue to shape the 2024 interior landscape, there are also exciting new trends emerging. Here’s a look at 5 fresh trends that are set to define interior design in 2024.
Woodgrain Millwork
There’s an increasing preference for exposing original wood millwork, leading to a rise in demand for paint stripping services. Additionally, for new constructions, there’s a shift towards choosing rich woods like walnut, maple, and mahogany, moving away from paint-grade millwork.
Expanding into Secondary Spaces
The trend is towards creating additional functional spaces linked to the kitchen, like back kitchens, extra wet bars, and butler’s pantries. These spaces can be either open or closed-off and are equipped with amenities like extra refrigeration, warming drawers, builtin coffee systems, wine storage, and dishwashers. This trend adds significantly to the functionality and convenience of food preparation and storage areas in homes.
Fluted Details
Fluted design elements, known for their distinctive texture and visual appeal, are becoming increasingly popular. Originally from classical architecture, these details are versatile across various design styles, adding depth and sophistication. The grooved patterns also play with light and shadow, creating a dynamic and unique texture in interior spaces.
Understated Opulence
This trend focuses on integrating subtle yet luxurious touches into interiors, enhancing the space with a sense of refined elegance without overwhelming it. It’s about incorporating finer details in furnishings, finishes, and textures— like unique edge profiles, detailed plumbing fixtures, tasteful wallpapers, and even vintage rugs—in a way that feels effortlessly sophisticated and maintains the space’s clean, uncluttered feel.
Photo Provided by: Caffe Latte Photo by: Nate Sheets Designed by: McCroskey Interiors Photo Provided by: Divine Savages Photo Provided by: Covet House Photo Provided by:Porcelain Superstore Photo Provided by: Covet House Photo Provided by: Think Rugs27
TRANSFORMING SPACES INTO
Sanctuaries
INSIDE THE CREATIVE MIND OF ANITA LANG
Anita, your work is celebrated for its fusion of luxury and functionality. What is the core philosophy behind your design approach?
I believe that good design uplifts the human spirit… It is rewarding to hear from our clients and people who experience the spaces we create just how much they impact their lives. I often hear how being in our spaces makes them feel positive, serene, peaceful, and happy. Living in beauty affects our attitude, creating one of gratitude and joy! When you can live in those frequencies, more beauty and good experiences are pulled into your life. Good design is powerful!”
My design philosophy is based on five tenets: truth in materiality, respectful knowledge of architecture, vernacular appropriateness, seminal creativity, and always serving the best interest of my client. With a few decades of experience, there is a lot of depth to the process. My mind can create literally a thousand options for interiors, but it’s the sophistication of editing and depth of understanding of this design philosophy that brings us to very thoughtful and unique seminal designs, especially bespoke for the needs of a project. It is not collecting Pinterest images; rather, it is meditative, deeply researched, thoughtful, and inspired for this particular client and the project’s unique needs.
You have a unique talent for reflecting Arizona’s landscapes and culture within your interiors. How do you balance regional characteristics with your client’s tastes?
I am deeply curious about a wide breadth of subjects, and each new project allows me to draw on both previous experiences and research and explore the history, characteristics, and unique challenges of each project. Nothing is ever treated in a cookie-cutter way. It is why you see a lot of diversity in our work. The unique impetuses of
diverse client personas, appropriateness of architecture, and inspiring local vernacular all become threads in the beautiful one-of-a-kind tapestry we will weave on their behalf. Kind of like Steve Jobs when he created the iPhone…I make something for my clients that they did not even know existed, but they are absolutely going to need it. I love natural settings. Having grown up on the Atlantic Ocean and having lived in this beautiful, rugged Sonoran Desert for most of my adult life, much of my design work is profusely inspired by nature. For example, I am currently working on a resort in Northern Arizona, where the rock formations have informed the shape and character of the room pods. The golden bloom of the Century yucca plant gracing the property inspired the specialty linen line for the summer bed dressing. The most amazing piece of turquoise stone rock that I tripped over on a site visit has spurred the luxury dinnerware for the restaurant.
The luxury real estate market is constantly evolving. Based on your extensive experience, what are the current trends in homeowner preferences and demands in Arizona and beyond?
Trends cycle. I see clients already tired of the hard line linear look prevalent in our market. With hectic lives, global insecurities, and a lack of meaningful connections in an AI-driven chat box or social media facade, the home
In the realm of luxury interior design, few names resonate as profoundly as Anita Lang, the visionary behind IMI Design Studio in Scottsdale, Arizona. With her exceptional ability to weave functionality with opulence, Lang has redefined the essence of high-end living spaces. In a candid interview, Lang shares insights into her design philosophy, the symbiosis of nature and architecture, and the indelible impact of sustainable luxury on modern living.
increasingly needs to be a nurturing haven for us humans. I see a huge movement to the organic biophilia-based design and the softened curvilinear form still anchored in architectural intent.
With sustainability becoming a cornerstone in luxury design, how do you incorporate eco-friendly practices without sacrificing aesthetics?
Sustainability is just good design; just like beauty is worthless without function, so is a design without the thoughtfulness of how it will impact our earth and our children’s inheritance of it. Other than using consciously sourced products, recycled and full cycle materials, the other important aspect is creating lasting design. Instead of just following trends, which will feel out of place in a short time, design with seminal ideas appropriate for that project’s parameters will be timeless and lower the environmental impact. It is a changed mentality of doing things well, with lasting quality, and not buying into a throwaway society mindset.
In addition to sharing her design ethos, Anita offers advice to readers who are considering an interior designer for their next project. She advocates for the value professional designers bring, not just in terms of aesthetics but also in functionality, personalization, and efficient use of space. Anita’s work exemplifies how thoughtful interior design can transform a space into a sanctuary that reflects and enhances the lives of those who inhabit it.
Explore Further: For more on Anita Lang’s visionary work and tips on incorporating luxury and sustainability into your own spaces, visit IMI Design Studio’s website. Here, Anita and her team delve deeper into design trends, project showcases, and practical advice for those seeking to infuse their homes with a sense of luxury and personal well-being.
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MONICA MONSON
Founder + CEO / Designated Broker
With a network built over 22 years and over $700 million sold, Monica Monson knows a thing or two about working with discerning buyers and sellers in the global luxury markets.
She has been one of the most respected luxury real estate professionals in Arizona and beyond earning several accolades and recognition from international organizations like Who's Who in Luxury Real Estate. She's founding partner of REALM Global, an organization of the most elite luxury real estate professionals in the world, where she has access to the best in the business and exclusive resources for her clients that go beyond the transaction.
Monica's commitment to excellence for her clients is unwavered and she delivers on her promise year after year.
15551 N. Greenway Hayden Loop, Suite 200
Scottsdale, AZ 85260
Email: monica.monson@thenobleagency.com
Phone: 480.250.0848
thenobleagency.com
480.420.4LUX (4589) | thenobleagency.com 15551 N. Greenway Hayden Loop, Suite 200 Scottsdale, AZ 85260 The master class of luxury real estate.™ Your Gateway to Extraordinary Living Experience unparalleled access to exclusive, highend properties, and insider knowledge of the Valley’s finest real estate opportunities.