Scottsdale & Paradise Valley REALTOR | Marta Walsh

The Only Million Dollar Broker in Town

Marta Walsh — Wed, 22 May 2013 20:56:53 +0000

If you are planning to sell your home then there really is only one choice of brokerage to select if your house is valued at over a million dollars.

Look at this graph showing million dollar sales and listings for the north Scottsdale of 85255 and 85262.

Scottsdale Broker Market Share

Russ Lyon Sotheby’s International Realty has 42% market share over $1 million. That’s impressive. And it’s for good reason, we do have the best agents.

As soon as you list a home with the Marta Walsh Group you get instant access to the agents that are making 40% of all deals. That means that you will quickly get your house in front many, many active buyers.

Arcadia Phoenix Arizona

Marta Walsh — Wed, 22 May 2013 17:48:11 +0000

Arcadia Phoenix Arizona is becoming more and more a hot ticket in Phoenix metro real estate. If you’re into a more urban feel neighborhoods with a cool restaurants dining and cafes then you might want to take a drive to Arcadia and check it out. One of my favorite places to get coffee, brunch, or dinner is La Grande Orange Grocery located at 4410 N 40th St Phoenix, AZ 85018. You can grab your food and sit outside under lush trees and enjoy the beautiful Phoenix weather and people watch.

La Grande Orange Grocery, Arcadia Phoenix Arizona

Arcadia Real Estate

La Grande Orange Grocery, Arcadia Phoenix Arizona

Fresh bread and baked good at La Grande Orange Grocery, Arcadia Phoenix Arizona

Coffee at La Grand Orange, Arcadia Phoenix Arizona

Arcadia Homes For Sale

Showing properties 1 - 10 of 86. See more AZ Homes For Sale | 85018 zip code.
(all data current as of 5/23/2013)

$1,850,000 : 4402 N Arcadia Drive, Phoenix

6 beds, 7.00 baths

Home size: 5,518 sq ft

Lot size: 32,976 sqft

Year built: 1970

Parking spots: 4

Days on market: 1
$975,000 : 4309 E Buena Terra Way, Phoenix

3 beds, 3.00 baths

Home size: 2,931 sq ft

Lot size: 16,148 sqft

Year built: 1960

Parking spots: 6

Days on market: 3
$1,200,000 : 5433 E Osborn Road, Phoenix

6 beds, 4.00 baths

Home size: 4,011 sq ft

Lot size: 19,907 sqft

Year built: 2002

Parking spots: 7

Days on market: 6
$1,950,000 : 4412 N 56th Street, Phoenix

5 beds, 4.00 baths

Home size: 4,700 sq ft

Lot size: 39,857 sqft

Year built: 2003

Parking spots: 6

Days on market: 8
$999,000 : 4636 E Lafayette Boulevard, Phoenix

3 beds, 3.50 baths

Home size: 3,000 sq ft

Lot size: 25,642 sqft

Year built: 1959

Parking spots: 5

Days on market: 8
$847,000 : 5221 N 34th Place, Phoenix

4 beds, 4.00 baths

Home size: 3,004 sq ft

Lot size: 15,266 sqft

Year built: 1966

Parking spots: 2

Days on market: 9
$1,795,000 : 3101 N 53rd Street, Phoenix

7 beds, 6.00 baths

Home size: 6,877 sq ft

Lot size: 28,662 sqft

Year built: 2007

Parking spots: 6

Days on market: 16
$2,000,000 : 4801 E Calle Del Medio Boulevard, Phoenix

4 beds, 4.50 baths

Home size: 5,327 sq ft

Lot size: 24,337 sqft

Year built: 1986

Parking spots: 3

Days on market: 19
$999,000 : 4911 N 45th Street, Phoenix

5 beds, 4.00 baths

Home size: 3,434 sq ft

Lot size: 30,658 sqft

Year built: 1953

Parking spots: 3

Days on market: 19
$850,000 : 4551 E Camelback Road, Phoenix

5 beds, 3.75 baths

Home size: 3,899 sq ft

Lot size: 32,761 sqft

Year built: 1955

Parking spots: 2

Days on market: 20

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Is this a new bubble in the Scottsdale real estate market?

Marta Walsh — Mon, 20 May 2013 18:02:20 +0000

Last month I had a new listing in Scottsdale, 85259 for $797.900. That home went under contract in 7 days. The first Sunday had an open house with 25 or more groups of buyers and a contract was in place by Tuesday. Witnessing that you could feel another bubble is upon us.

Here’s why this most likely isn’t a bubble.

In the last 6 months there were 1,741 all cash deals in Scottsdale. In 2006 there were only 1,004 all cash deals all year. There is no easy money still.

Median sales price for Scottsdale in April 2013 was $365,000. A rise of 14.2% compared to April 2012. That is a big jump this year but median sales price was $357,950 in October 2004. Price levels today are still similar to 9 years ago.

Here’s the statistic we are studying most closely. Absorption Rate. This measures the balance of supply and demand, calculates how many months of supply exist at current demand levels. From October 2005 to October 2006 the absorption rate went from 3.42 to 8.6 that’s a 151% rise! From April 2012 to April 2013 the absorption rate increased from 3.8 to 3.96 only a 4.2% rise. If absorption rate stays below 6 there is no real chance of prices falling.

That’s the statistics but now to fundamentals and the number one reason we are most likely not in a house price bubble market currently. ”The U.S. Census Bureau estimates that by 2030 the population of Phoenix will grow to 2.2 million and that the population of the metro area will reach 6.3 million.”

12090 E Altedena Dr. Scottsdale, Arizona 85259 | Listed at $797,900 | MLS#4921034

Marta Walsh — Tue, 16 Apr 2013 17:49:56 +0000

Offered for $797,900 this gorgeous 5 bedroom 3.5 bathroom home in gated Ventana Foothills in Scottsdale, 85259.

This beautiful home features an abundance of wood flooring. A modern kitchen with granite counters, The gas cooktop makes this home perfect for the aspiring chef in you.

The split floor plan and elevated ceilings give a relaxed and comfortable feel. The backyard features a large covered patio, sparkling pool, heated spa, and McDowell mountain views.

Close to shopping, dining, hiking trails, Mayo Clinic, easy acces to Route 101.

Offered At $797,900 | 5 Bedrooms 3.5 Bath| 3,857 Square Feet

MLS#: 4921034

Features & Upgrades

Stainless Steel Appliances.
Granite countertops.
All on one level.
Hardword floors.
Gas Cooktop.
Mountain Views
2 fireplaces.
Gated community.
Built in grill area.

To arrange a showing contact listing agent Marta Walsh | 480 274 5710

Photo’s

Virtual Tour

http://tours.tourfactory.com/tours/tour.asp?t=979998

Sold in Gainey Ranch | 2 Bedroom 2 Bath Condo $214,550

Marta Walsh — Thu, 11 Apr 2013 22:20:53 +0000

Yesterday my client closed on a lovely condo in the Courts at Gainey Ranch. I was representing the buyer.

Gainey Ranch is all about the lifestyle. The security, the tennis, golf and activities.

If you also want to buy in Gainey Ranch don’t forget the well priced 2 bedroom condo I have for sale there at $199,900.

Will The Housing Crisis Ever end? (PS It already did.)

Marta Walsh — Tue, 09 Apr 2013 21:03:01 +0000

CBs asks the provocative question in their article dated April 5th. It may be a valid question taken on a national level but locally it seems almost absurd because the rebound in sales price has been so strong and marked.

“In light of all the good news that’s out there — the stock market soaring, home prices are up, foreclosures are down — the American people just aren’t feeling that,” said Rebecca Naser of Hart Research Associates.

“Only 20 percent feel that we’re really out of the woods,” she added.

Full article

People aren’t quite yet adjusted to a positive real estate market.

In general people’s perceptions lag reality by quite some time. People were slow to believe the market correction was coming in 2006. And now on the flip side it’s harder for people to get in tune with the positive momentum in the market.

That will have changed for almost everyone by the end of this year. Buyers will remain a little cautious until their perception has caught up with reality. Normally I find that can mean buyers lose one home. Often on the first home buyers offer on they offer a lower amount thinking the ‘deals’ are still out there, quite often to be bid out by much stronger offers.

So if you are a buyer research the market a little local to where you are planning to buy. Get an understanding of average days on the market at your price range and also the ratio of sales price to listing price. These figures will give you a good sense of the market when combined with price data.

Client Testimonial – Paradise Valley Home Buyer

Marta Walsh — Tue, 09 Apr 2013 20:37:32 +0000

I just wanted to share the following note I received from a dear client. I work tremendously hard to make sure all my clients are happy and it’s so rewarding when they achieve their goals.

Marta

I am writing you today to let you know that I am thrilled with my new home purchase. You stuck it out and kept going even when I had given up! 19 months later you found me everything I had on my check list. I know I am a guy who will not settle and your tenacity helped me to the finish line. Thanks for finding my dream home and if you ever need to have a potential client call me please do so and I will tell them how professionally you handled finding me the home I have always wanted. Stay cool. Real estate is definitely your passion. I appreciate that.

Your friend

JW, Paradise Valley

Along with the note was a picture snapped from the home. It shows the McDowell mountains covered in snow. Hard not to be inspired by that view!

Urban Living On The Rise

Marta Walsh — Thu, 21 Mar 2013 20:17:21 +0000

Have you noticed all the construction around town recently? Scottsdale and Paradise Valley don’t really have much land to expand into. Sure there are lots here and there but there’s not really enough space to build major subdivisions any longer. Except of course if that subdivision is an apartment building.

At the very start of 2012 I made some predictions regarding the real estate market. One of those was that the desire for urban living would keep increasing. See http://martawalsh.com/north-scottsdale/predictions-for-scottsdale-and-paradise-valley-real-estate-in-2012/

Urban Living Will Gain Popularity

One of the things I have noticed in addition to the demand for smaller homes is the wish amongst clients to be closer to the action. To experience more of an urban city style of living.

Some of the developments in and around Scottsdale Waterfront had the misfortune of really selling right at the top of the market. The result has been many, many distressed properties hitting the market and generally confusing consumers about the entire area.

Last year many of those distressed properties finally cleared out. Developments like the Waterfront Residences and Optima Camelview are starting to really come to life again.

Builders are beginning to bet big on the future demand for apartment living.

Yesterday I attended a class with Bill Gray of Arizona School of Real Estate & Business he noted this new trend of building and listed out some of the projects of note in the Valley.

New Apartments Under Development

Optima Sonoran Village

In the classic Optima style of glass, steel and grenery this building sprung up fast on the corner of 68th and Camelback.

77 stories high with 210 total units. For now it’s all leasing with prices starting at $1,200 a month.

Broadstone at Lincoln

It’s kind of hard not to notice the timber framing going up on the corner of Scottsdale Road and Lincoln. Some people are excited about this development, other have concerns about the blocking of some camelback views.

It’s set to be 264 units. Built on the site of former vacant medical plaza it will be tiered one, two, three & four story buildings. With 22,500 square feet of retail space. The construction is being handled by Alliance who are also building Broadstone at Scottsdale waterfront.

Broadstone at Scottsdale Waterfront

Right across from my office on that vacant piece of land sandwiched between the Nordstrom parking garage and the canal. Construction is starting on another multi use project. 259 high rise apartments paired with 10,000 square foot of retail space.

That area around Waterfront is only going to get more and more vibrant. More foot traffic for retail. More dining options.

Other projects in the works include.

Borgatta luxury condo’s – conversion from retail space to luxury condo’s.

Portales Apartments – north of Fashion Square.

Blue Sky - A $135 million, 13-story apartment complex to be built east of Scottsdale Fashion Square, near the current safari building. 13 stories is tall for Scottsdale. And at 700 units that’s no small development. More info.

Liv North Scottsdale - www.livnorthscottsdale.com - In their own words “Located in the hub of North Scottsdale, Liv offers what an active urbanite craves: Access. Whether you need to work or play, you’re within minutes of everything that matters. Liv apartment homes showcase inspired amenities, an exclusive rooftop lounge, spacious floorplans, and seamless technology.”

The Jefferson at One Scottsdale – Over 700 multifamily units just north of the 101. By the Henkel building. “Jefferson at One Scottsdale will be the premier luxury multi-family project in north Scottsdale to meet a growing demand for upscale housing in this submarket, which is a major employment center for the region,” Gus Villalba, TDI’s executive vice president and an investment partner, said in the statement.

Conclusions

Population predictions for Phoenix metro continue to be strong. The job market is back.

Average age of the population is 35.4 years. Builders are betting big that these factors will lead to increasing demand for these types of multifamily homes. Infill projects are all the rage right now and will have a big impact on the rental market. I see asking price per square foot of these projects steadily rising. This should have a knock on effect for already completed projects like The Waterfront Residences and Optima Camelview. The only risk factor being the builders have over estimated demand.

8270 N Hayden Rd 1040, Scottsdale, 85258 | Desirable condo in waterfront Palm Cove

Marta Walsh — Thu, 07 Mar 2013 19:46:41 +0000

Pending After 8 Days on Market

Location, location, location. As you head out of the door of your condo in Palm Cove turn one way and you are immediately into a lively area of shopping and dining, turn the other way and you have access to miles beautiful waterfront walkways. You cannot beat this location for the Scottsdale resort lifestyle.

Situated on the ground level with no interior steps this home has 9ft+ ceilings and a desirable split floor plan. Perfect if you are expecting guests. The garage provides direct access to the home.

Offered At $284,900 | 2 Bedrooms 2 Bath| 1,279 Square Feet

MLS: 4900856

Features & Upgrades

Ground level with no interior steps.
Stainless Steel Appliances.
Rare and desirable split floor plan.
Private garage with direct access to home.
Covered patio.
Gas Fireplace.
New HVAC 2011.

To arrange a showing contact listing agent Marta Walsh | 480 274 5710

Photo’s

Virtual Tour

http://tours.tourfactory.com/tours/tour.asp?t=966829

Scottsdale and Paradise Valley Real Estate News

Marta Walsh — Mon, 25 Feb 2013 16:00:19 +0000

This is The Marta Walsh’s Group February Newsletter.

The monthly real estate newsletter is here for February. It’s been a very busy month. The market is busy but the extreme low levels of inventory make it a touch frustrating for buyers.

Client Testimonial I Wanted To Share

I just wanted to share the following note I received from a dear client. I work tremendously hard to make sure all my clients are happy and it’s so rewarding when they achieve their goals.

Marta

Your friend
JW, Paradise Valley

Along with the note was a picture snapped from the home. It shows the McDowell mountains covered in snow. Hard not to be inspired by that view!

Paradise Valley Arizona

Just Sold in North Scottsdale

Yesterday the luxury custom estate I had listed at 124th & Shea closed for $1,550,000.

It was sold after 58 days on the market. Price achieved was $258 per square foot which was well above comparable sales in the area. Two things I take from that. Firstly, the market is getting stronger and it is finally moving at the luxury end. Secondly, great marketing will bring you more showings and give you a better chance of a fast sale at your target price.

Custom Home in Scottsdale Arizona JUST SOLD by The Marta Walsh Group

Just Listed in Gainey Ranch

Gainey Ranch offers a great lifestyle. With 24 hour security, tennis, swimming, golf, hiking trails, gym and more you can’t help but feel relaxed there. The condo I have for sale gives you access to all that the Gainey Ranch lifestyle has to offer at the affordable price of $219,000.

The Courts 226 in Gainey Ranch JUST LISTED with The Marta Walsh Group

For more details on this 2 bedroom condo in Gainey click here.

Tis The Season

Not to be merry, but for real estate. Out of state buyers are in town and the weather is getting warm. It’s just a great time of year for real estate in Scottsdale.

In 2012 in Gainey Ranch 60% of the sales for the year closed in the 6 months of March to August. During those months there were 41 sales in 2012, and as of today there are exactly 41 active listings. Supply is definitely on the low side. A similar story exists throughout most of the Scottsdale & Paradise Valley real estate market.

As always remember real estate is hyper local so if you would like statistics that are specific to your home or a particular area just let me know.

Regards,

Marta Walsh
480 274 5710
marta.walsh@russlyon.com