Latest News
Diversified Partners and Palmer Development Group are Teaming Up to Bring the Hottest Entertainment Destinations to Scottsdale – The Sydney and The Edge
Scottsdale is set to welcome its newest and hottest entertainment as Diversified Partners, Scottsdale’s leading real estate brokerage and development company, and Palmer Development Group, Scottsdale’s premier development firm renowned for transforming landscapes into innovate destinations, join forces. The dynamic duo is poised to transform Scottsdale with two major experiential mixed-use retail projects: The Sydney and The Edge.
The Edge
For The Edge, Butler Design Group is the architect and Haydon Construction is the general contract. EPS provides Civil Engineering, and Foursite handles construction management.
The Sydney
For The Sydney, Upwards Architects serves as the architect for the design of the project. Alexander Building Corp will serve as the general contractor. EPS will provide Civil Engineering and Palmer Development is handling construction management.
Click HERE for the full article!
Arizona Contractor & Community
New Listing in Biltmore Corridor!
Experience unparalleled luxury and refined living in this exceptional townhome, easily accessible to the Biltmore area, providing premier shopping, dining, and amenities to delight even the most active and discerning homeowners.
Click HERE to view the listing!
Paradise Valley’s Pandemic Rush Is Over — but High-Priced Homes Keep Selling
Even as pandemic-induced demand wanes, the affluent enclave of Paradise Valley, Ariz., has seen a recent spate of high-priced deals.
In April, the Teets family sold the town’s largest parcel of undeveloped residential land—27 acres—for $42 million, according to listing agent Joan Levinson of Realty One Group. Also last month, the town posted two home sales that rank among its most expensive ever, she said: A Spanish Revival-style house sold for $14 million, while an approximately 8,500-square-foot home fetched $13.1 million. Levinson said another home in town, which is still under construction, is slated to close for approximately $16 million later this spring.
The town’s priciest home sale to date was the 2023 sale of a roughly 5-acre property for $23.5 million, according to Levinson, who represented the seller.
During the pandemic, Paradise Valley saw an unprecedented amount of demand. But over the past year and a half, local brokers said that demand has slowed due in part to uncertainty about the economy and sticker shock over high prices, factors that are impacting a number of luxury markets around the country.
Click HERE for the full article!
By Libertina Brandt | The Wall Street Journal
Scottsdale Ranks Second in Nation for Growth Rate of Millionaires
The Valley as a whole is not among the nation’s wealthiest metros, but Scottsdale is moving fast in that direction.
Scottsdale has the second-highest growth rate for millionaires, according to the USA Wealth Report 2024 from Henley & Partners, which found that the Valley city had a 102% increase in millionaires between 2013 and 2023. Only Austin, Texas, had a higher rate, at 110%.
Scottsdale is home to about 14,500 millionaires, 63 centi-millionaires (those whose wealth is 100 million or more) and five billionaires.
Click HERE for the full article!
By Hillary Andrews | Fox Weather
Pacing Through the Luxury Lens
Cromford Market Index Report
Here is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities
The table deteriorated for sellers since last week, but only slightly. The average change in CMI over the past month is +0.4%, down from 0.8%. There is a wide gap between the top and the bottom of the table.
We have 7 cities showing an increase in their Cromford® Market Index over the past month, while 10 have declined.
There are no other cities with double figure percentage increases.
10 out of 17 cities are still seller's markets. We have 3 cities that are balanced and 4 are buyer's markets.
Both supply and demand are rising, but both at a very slow pace. Supply has slightly more momentum and so the overall CMI has fallen back from 117 to 115 over the past month. This slight deterioration for sellers is not what they hope to experience in the prime buying season. The average 30-year fixed rate mortgage dropped to 6.85% on March 8, but has climbed back over 7% again. We are not anticipating significant improvement in demand unless and until we see rates fall lower and stay consistently below 6.5%.
Pricing in the ultra-luxury market has gone a little berserk over the last year. This has caused the annual average $/SF for Paradise Valley single-family detached homes to increase by 16%. There is no other city even close to this 16% appreciation rate and the majority of cities are still in negative territory. The premium for living in Paradise Valley is the highest we have ever seen. Is this a new normal or will we see a reversion to the long-term trend line?
Exquisite Scottsdale estate available for purchase.
Take a sneak peek of this stunning Scottsdale Arizona property. Where contemporary finishes meet modern sophistication paired with an exquisite view.
Toll Brothers modern
meets farmhouse
Toll Brothers modern meets farmhouse design with black framed windows, black accents, and a bold white body. Located in highly sought-after Cadence at Gateway this home was built December 2021 and outshines any model home! Open, bright rooms and high ceilings provide generous space for friends and family. All spaces have been enhanced with luxury light fixtures and upscale designer touches. Welcoming covered entry and inviting foyer reveal the expansive great room, casual dining area, and desirable covered patio beyond. Both the indoor and outdoor areas of this home make for excellent entertainment spaces and are connected by retractable, disappearing glass doors. The well-equipped gourmet kitchen is complete with a large center island with breakfast bar, plenty of counter and cabinet space, sizable walk-in pantry and an abundance of high-end appliances. The splendid primary bedroom suite is enhanced by dual walk-in closets and spa-like primary bath with dual-sink vanity, luxe shower, and private water closet. Upstairs and central to a generous loft, the secondary bedrooms feature ample closets, one with private full bath, and two with shared full hall bath with separate dual-sink vanity area. Additional highlights include a versatile office off the foyer, smart home features throughout and a backyard that abuts open space so that you will never have neighbors behind you! Community amenities include a Pool, Fitness Center, Community Center, Basketball Court, Bocce Court, Clubhouse, Dog Park, Parks, Picnic Areas, Playgrounds, Sand Volleyball Court, Tennis Court, Walking Trails, and Water Slides.
Presented by Patricia Garrity
I am pleased to introduce the Sotheby’s International Realty® 2022 Luxury Outlook report, an ambitious exploration into high-end residential markets across the globe. 2021 proved to be a perfect storm for the high-end housing market as the starts-and-stops of the pandemic’s reopening fueled even stronger demand for larger homes and inventory struggled to keep pace. In this report, we follow the trends that are likely to shape the coming months across the world’s prime housing markets, from the resurgence of urban cities to the return of the international buyer.
https://www.sothebysrealty.com/eng/luxury-outlook-2022
Through the 2022 Luxury Outlook report, our goal is to provide critical insight into the real estate market. I hope that this comprehensive compilation of research, exclusively presented by Sotheby’s International Realty, empowers you as you make decisions regarding your real estate portfolio this year.
As always, I am here to answer any questions regarding the market locally or assist in connecting you with a Sotheby’s International Realty expert in another part of the country or world.
Move Over Pink and Blue: Neutral Colors for Baby's Room
Are you planning a nursery for a babe-on-the-way? Whether you’re waiting to learn the baby’s gender, or are hoping to choose a more neutral color than the typical blue and pink, consider the following options:
Gray. This is an extremely versatile color; the shade options are endless and it matches with just about everything. Additionally, gray is a soft, peaceful color, so you’ll be bringing tranquility into your baby’s life from day one.
Seafoam green. Gentle and mild, this neutral color is both fun and soothing.
Orange. While an entirely orange room may be overkill, choosing a neutral white or gray with bright coral accents or a single tangerine wall is lively and fun.
Navy. While technically in the blue family, this deep rich color doesn’t scream “boy” like a powdery baby blue. Offset it with yellow or orange accents.
Beige. Don’t think ‘brown’ when you hear beige. This soft, buttery color is calm, neutral and pairs well with bright yellows and oranges.
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All Rights Reserved.
Bringing The Outside In!
Plants in your home are more than beautiful decorative elements, plants also transform the air inside your home into fresh, oxygenated air so you and your family can enjoy a healthy home environment.
Real Estate Snapshot
Scottsdale December 2020 ARMLS Residential Market Data
1,488 Active Listing 666 New Inventory
981 Monthly Sales $826,900 Average Sales Price
1.96 Months Supply of Inventory 63 Average Days On Market
These numbers make it a great time to sell! Call me if you would like to know what your home is worth.
Patricia Garrity 602.942.7520
Scottsdale Modern Luxury
Thank you Scottsdale Modern Luxury for the feature!
Thank you Scottsdale Modern Luxury for the feature!
Gorgeous Scottsdale Home with a Perfect New Price!
Gorgeous Scottsdale Home with a Perfect New Price!
You Should Move To Scottsdale
Deciding to move to a new city like Scottsdale, Arizona, involves considering a variety of factors that align with your personal preferences, lifestyle, and priorities. Here are some reasons why people might choose to move to Scottsdale:
Climate: Scottsdale boasts a warm and sunny climate, with over 300 days of sunshine each year. If you enjoy outdoor activities and dislike cold winters, the desert climate of Scottsdale could be a major draw.
Outdoor Recreation: The city is surrounded by beautiful natural landscapes, including the McDowell Sonoran Preserve and the Camelback Mountain. This offers plenty of opportunities for hiking, biking, golfing, and other outdoor activities.
Cultural Scene: Scottsdale has a vibrant cultural scene with numerous art galleries, museums, and theaters. The Scottsdale Museum of Contemporary Art and the Heard Museum are notable cultural attractions.
Dining and Shopping: The city offers a wide range of dining options, from upscale restaurants to casual eateries, serving both local and international cuisine. Scottsdale is also known for its shopping districts, including the upscale Scottsdale Fashion Square.
Retirement Destination: Many retirees are attracted to Scottsdale for its relaxed lifestyle, numerous golf courses, and retirement communities. The city has consistently been recognized as a desirable place to retire.
Job Opportunities: The Phoenix metropolitan area, of which Scottsdale is a part, has a diverse and growing economy, with opportunities in various industries such as technology, healthcare, finance, and more.
Education: Scottsdale offers good educational options, including public and private schools. It's also home to Arizona State University's Scottsdale campus, providing higher education opportunities.
Healthcare: The city has a well-developed healthcare infrastructure, with multiple hospitals and medical facilities.
Community Events: Scottsdale hosts a variety of community events and festivals throughout the year, fostering a sense of community and providing entertainment for residents of all ages.
Safety: Overall, Scottsdale tends to be a safe city with relatively low crime rates compared to national averages.
It's important to visit Scottsdale beforehand to get a feel for the city's atmosphere, meet locals, explore neighborhoods, and assess whether it aligns with your lifestyle and preferences. Keep in mind that everyone's priorities are different, so what might be appealing to one person may not be the same for another.
Record Breaking Sales of Million Dollar Homes!
“In the midst of a pandemic, wealthy buyers are snapping up metro Phoenix’s million-dollar homes at a record pace.
Both Valley mansions and spacious condominiums with seven-figure price tags are selling, and many buyers are paying cash.”
Catherine Reagor
Make your home a Pet Palace
I love My Dog Lucy!
I have tried to make make my home a perfect place for her to grow up in.
“Such short little lives our pets have to spend with us, and they spend most of it waiting for us to come home each day.”
© Toll Bros.
Making Home a Palace for Pets
Pet owners seem to spare little expense to keep their furry and feathered family members as happy as possible. Learn how designers, homebuilders, and developers are working to cater to your clients’ best friends.Pet owners seem to spare little expense to keep their furry and feathered family members as happy as possible. Learn how designers, homebuilders, and developers are working to cater to your clients’ best friends.
When you talk with clients looking to find the right house, condo, or apartment, you probably inquire about their cooking and entertaining needs, how important outdoor living is, and whether elderly relatives may move in someday.
But there’s another question that savvy real estate professionals should pose: Are pets part of your family equation? In more and more cases, the answer is yes. In the American Pet Products Association’s 2017–2018 National Pet Owners Survey, 68 percent of U.S. households owned a pet, which works out to about 85 million families. Ownership is up from 56 percent in 1988, the first year the survey was conducted. While 48 percent of all households now own dogs, 38 percent have at least one cat. Fish, birds, reptiles, small mammals, and horses represent smaller numbers.
Doting With Dollars
The amount of money Americans spend to keep their pets happy is also on the rise. In 2015, pet owners spent almost $61 billion on food, toys, furnishings, and other pet goods, a 25 percent jump from five years before, according to APPA. Data from the U.S. Bureau of Labor Statistics and other sources seems to suggest that this type of spending is more resistant to economic shifts, such as the recent recession. And there’s reason to believe demographics will support this trend long-term, particularly as pet-centric millennials move into homes. Last year, a story in Adweek suggested the fact that many millennials see pets as “starter children” offers an opportunity for brands.
As with other home improvements, costs to fashion pet-friendly spaces depend on the size of a room or area, level of finish, and labor costs. However, most animal lovers would never put a price tag on their choices since to them pets offer priceless benefits, from loyal friend to exercise partner to therapist, according to Lawrence Robinson and Jeanne Segal.
Multifamily Leads the Way
As competition for tenants grows in many cities across the country, developers and managers of apartment and condominium buildings have concluded that catering to pet owners pays off. The first step is reducing or eliminating restrictions on pets, from number permitted to pet size, and then lowering or eliminating special fees for pet owners. But it’s also about the amenities that can be incorporated on site. Developers, architects, and planners began seeing pet parks as a major trend about a decade ago, around the time of the recession, says architect Bill Ramsey, principal with KTGY Architecture + Planning in Oakland, Calif. He notes that other pet-related amenities were slower to follow: “The grooming stations didn’t gain much momentum until after the economy rebounded and are still on the edge of being a novelty. The more upscale the community, the more likely you are to see them offered as an amenity.”
© courtesy of Scott Francis for Related Cos.
Related Companies, a real estate firm based in New York, has had a pet-friendly policy since it opened its first building in 1986. The company distinguishes itself by offering wax and booties to dogs at all its buildings in winter, and its MiMa building on New York’s West 42nd Street has a separate dog terrace with a pool in the shape of a bone. Seven years ago, Related established its first Dog City location, providing pet care services for clients concerned about their pets’ well-being when they weren’t home. They offer baseline services, such as nail clipping and access to special play areas and pet clean-up space, for a yearly membership fee of $250. Spa services, walks, puppy nannies, veterinary care, and socialization services are provided in packages and on an à la carte basis. Director of Operations Leya Ogihara says the company looks to tailor offerings “with bespoke attention to each individual dog’s needs.” She notes that Related Companies is currently developing a program that will specifically cater to cats.
How Homebuilders and Designers Prioritize Pets
The increase in pet perks in the multifamily segment led to widespread social media buzz and news coverage, which in turn, spurred many homebuilders to jump on the bandwagon, according to Chad Collins, founder of Collins Design-Build, a custom builder in Raleigh-Durham, N.C. “Clients started bringing me images of what they were seeing on Pinterest and Houzz, so we began to include pet features in our single-family houses.” He began asking new clients about their family pets when meeting them for the first time. “We ask about the number and size, and future pets they hope to get,” he says, noting that around 95 percent of his clients own a pet. “Pets represent a member of the family, especially once children are grown and move away.”
The most typical feature Collins sees pet owners gravitate to is a designated grooming room near the kitchen, back door, mud room, or laundry area. A pet shower, generally measuring up to 5 feet by 5 feet, is placed either at ground level or slightly elevated for smaller animals. A typical pet wash station features a vinyl pan base, tiled walls, and wand-style showerhead. Other features may include a dryer, cabinetry with built-in water and food bowls, toy storage, bed, wall hooks for leashes and collars, a “doggie door” offering access to the yard, and window strategically placed so a pet can see outside. Homebuilder Randy Thelen of Thelen Total Construction in Elkhorn, Wis., estimates that a typical built-in pet shower may run about $1,000.
Atlanta-based Pineapple House Interior Design often places doggie doors between interior rooms and screened porches, to take advantage of this common design feature of Southern homes. “That way dogs and cats get to look out all the time to see squirrels, birds, and cars and know who’s pulling up but are safe inside,” says Cynthia Pararo, chief operations officer. One design from ICI Homes, a custom homebuilder in Daytona, Fla., offers a “cat hotel” room with climbing walkways built from concrete columns with wood trusses and shingle “roofs.”
© courtesy of zenbycat.org
Many cat walks are readily available through online resources or at pet stores at minimal cost, says Peter Cohen, who owns the custom homebuilding company Trillium Enterprises in Santa Barbara, Calif. To build multiple custom walks can be far pricier. Cohen says that one job he handled cost $35,000. In his own home, he has multiple tunnels, bridges, scratching posts, and 300 feet of walkways for the 24 cats he’s rescued. For owners wary about resale, Stan Williams, CEO and owner of Stanton Homes in Raleigh, N.C., says cat walks can often be used by catless buyers as bookshelves or an area for displaying collectibles. Some also like to include a “catio,” a small enclosed screened porch that often juts out from the home above the ground, so a cat can enjoy fresh air but remain safe indoors, says Peggy Lynch, vice president of professional development and compliance for the Richmond Association of REALTORS® in Richmond, Va.
Some design professionals are accommodating pets other than dogs and cats. Spring Creek Design, a design-and-build firm in Honey Brook, Penn., has designed a bunny room and pig barn. “The bunnies were given a corner bedroom with two windows, since they like light,” says Liz Smutko, the company’s brand manager. The barn has two indoor stalls, housing one pig in each, and comes with mobile fenced-in areas, so the animals can be rotated through and grass and soil cleaned and repaired as needed she says. Finally, Lynch has seen many cases where chickens are coming home to roost in glamorous coops. “People are finding it a good way to teach their children about nature and show respect for animals,” she says.
Features That Make Living Easier
Keeping up with a pet takes work, but features can be built and materials selected to pare maintenance. According to a 2015 study conducted by Houzz, the best floors for most pet owners are hardwood, such as oak or mahogany. Homeowners might consider a distressed or matte finish with a sealant if scratches are an issue. Tile and stone also work well. Collins tries to steer buyers away from carpet, which can make removing pet odors tough. Also encourage your clients to favor microfibers with tight weaves for upholstery, says Tracy Lynn, principal designer and owner of the Tracy Lynn Studio in San Diego. Thelen recommends installing a central vacuum cleaning system with multiple outlets so sweeping up pet hair is easier. If animal-related allergies are an issue, Collins recommends an eco-friendly energy recovery ventilator, which continually exchanges stale for fresh air.
Home layouts can also be optimized so animals can comfortably hang out with their human owners. Spring Creek Design’s Smutko found that she and her husband were constantly needing to walk around their 60-pound German shepherd, Tess, in the kitchen. When the firm redesigned the room, she requested a larger aisle between the work island and sink. “We wanted Tess to be with us, but without being stepped on,” she says. She selected a hard quarter-sawn floor that would withstand Tess’s claws.
Technology and internet-enabled products can also help. Smart cameras and lights allow homeowners to keep tabs on pets and ensure they’re comfortable when alone in the house. New electronic collars can activate pet doors so that homes remain secure. Winter Park, Fla., architect, builder, and licensed interior designer Phil Kean incorporated that technology when he designed the New American Home in conjunction with the National Association of Home Builders. He also used an artificial turf called K9Grass that is designed specifically for dogs and eliminates the challenge of muddy paws and dead spots on the lawn.
Staging Rethinks a Pet’s Role
Listing agents have long had to manage the role of pets in selling a home, including removing smells, accessories, and even the pet themselves in the showing process. Many agents still follow that pattern but other prefer to downplay, rather than hide, all evidence from potential buyers. “I might leave a single leash hanging by a door because that might make a pet owner think of their animal and bring a smile to their face while not upsetting someone who doesn’t like dogs,” says Kimberly Cantine, an associate real estate broker with Coldwell Banker Village Green Realty in the Hudson River Valley. Real estate salesperson Barb St. Amant with Atlanta Fine Homes, Sotheby’s International Realty, in Atlanta, prefers to cite the creature comforts available in online descriptions to stir interest in a listing rather than showcase them visibly.
© courtesy of Toll Brothers
Model homes and condos are a different breed. Custom homebuilders and developers are showing how much more important this niche has become by creating the illusion that a pet lives on the premises of their show homes. Toll Brothers, a custom builder of both single- and multifamily housing based in Horsham, Penn., stages swank models with plush pet beds and fancy dog showers that feature designer tiles. ICI Homes designed a “pet condo” under a stairway, a place that typically represents dead space, in one of their model houses. The area measures 4 by 4 feet, has a large opening with a gate, and room for a bed, bowls, light, and electric outlet. “The outlet can be used to plug in one of the newer self-cleaning litter boxes,” suggests sales assistant Sabrina Bosarge. Staging expert Kristie Barnett, founder of Expert Psychological Training in Nashville, Tenn., says builders aren’t risking much with these add-ons because they can easily be reimagined when needed—a shower can be used to rinse off small children’s feet or water plants, and a space under the stairs can become a play area or storage space.
Now is the time to sell!
Home Purchase Demand Still Strong, but Slowing Down.
If you are thinking of Selling, now is the time to do it. Supply is low, Demand is high and so is the Average price per square foot. Scottsdale’s price per sf is $287. up 8.1% from last years annual average, Paradise Valley price per sf is $441. is up 7.5% from last years annual average and Phoenix price per sf is $194. up 10.5% from last years annual average.
If you would like to know what your home is worth at no cost to you please contact us.
Scottsdale Home With Beautiful Mountain Views
$1,250,000
4 bd 4.5 ba 4,745 Square Feet
Exclusive custom home with spectacular views nestled on just under an acre. Five fireplaces add to the charm and warmth of this extraordinary home. The open floor plan is perfect with no interior steps. The recently painted interior and exterior, elegant light fixtures, new stone and hardwood floors give the home a clean, updated and sophisticated feel.
Each bedroom has its own lovely bath plus a walk-in closet. Spacious Master suite features a beautiful fireplace and a private patio. Master bath includes a bidet, huge shower & two generously sized master closets. Huge family room with fireplace that is open to the breakfast nook and chef's kitchen. Resort style patio, pool, and spa area with a built-in barbeque and Great views of Troon mountain and Pinnacle peak.