Buyers Are Searching For Your House

Buyers Are Searching For Your House | Simplifying The Market

The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade.

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed.

According to NAR’s Chief Economist, Lawrence Yun,

Pending sales bounded last month as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to sign a contract.

So, what’s the problem?

Buyers are searching for existing homes, but supply is not keeping up with their demand!

Yun went on to explain,

The main storyline in the early months of 2017 will be if supply can meaningfully increase to keep price growth at a moderate enough level for households to absorb higher borrowing cost. Sales will struggle to build on last year’s strong pace if inventory conditions don’t improve.” (emphasis added)

Bottom Line

Buyers are out in force right now! If you are considering selling your home this year, the early months of 2017 will be your best option. Let’s get together to discuss how you can capitalize on current market conditions.  J.P. Cook – 602-320-4253.

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13240 N 60th Street Scottsdale, AZ 85254

$3,275,000
5 Beds
5.5 Baths
5,022 SqFt
Status Active Under Contract
MLS # 6750225
Property Type Single Family Residence
Price Type --
Move into this stunning NEW build by Thomas James Homes by the end of the year! Sitting in the highly desirable Scottsdale neighborhood, this beautiful 5 bedroom, 5.5 bathroom transitional style home is the definition of exceptional design. Wide plank wood flooring, decorative ceiling and wall treatments, including beams and wood paneling, impressive custom lighting, outstanding millwork, stone and tile accents, a gorgeous floor to ceiling fireplace, shaker cabinetry and a 4-car garage are just a sampling of the outstanding finishes going into the home. The large single story open concept floorplan is expertly crafted for modern living with a large interior courtyard leading to the home's entrance.

23238 N 94th Place Scottsdale, AZ 85255

$3,275,000
4 Beds
4.5 Baths
4,837 SqFt
Status Active
MLS # 6762057
Property Type Single Family Residence
Price Type --
Beautiful custom residence with incredible views at Pinnacle Peak Vistas. 3 bedrooms plus office/ 3.5 bath located in 3863SF main house. Guest House boasts 974SF 1bd/1ba with full kitchen. Over 3/4 of an acre tucked into cul-de-sac lot with private circular drive. Updated kitchens and baths in both the main and guest houses with new cabinets and appliances. Primary bedroom includes private exit near spa and completely updated ensuite bath. Outdoor entertainment spaces include: double grills, dining spaces, misting system, elevated spa, infinity edge heated pool, and pet yard with 10ft fence for their safety. This well maintained home has new flooring, high efficiency water heater in main house and tankless water heater in guest house, new water softener, and central vacuum.

19102 N 95th Place Scottsdale, AZ 85255

$3,250,000
7 Beds
5.5 Baths
5,915 SqFt
Status Active Under Contract
MLS # 6761058
Property Type Single Family Residence
Price Type --
Exceptional five-bedroom ranch estate with an additional 2-bedroom detached 1486 sf guest residence on oversized lot with luxurious resort style backyard is one-of-a-kind. In the heart of North Scottsdale, nestled in the charming 23 home gated community of Toscana, this private one-story home community is a hidden gem. Convenient yet private detached guest house is fully equipped and stylishly finished with eat-in kitchen and spacious great room opening to covered patio and fenced turfed area, with bedroom, bath, laundry, and ample parking. Resort style backyard with cascading pool water feature with dramatic fire bowls, ramada with Baja shelf for lounging, spillover spa, detachable pool slide, spacious grassy area, glass stack doors open to covered patio, built-in BBQ island with seating, and expansive deck for entertaining and poolside fun. Desirable home plan offers seamless indoor-outdoor living with spacious spaces and a center courtyard as the heart of the home, eat in kitchen opens to family room and to backyard oasis, plus living room/game room opens to courtyard, with two split ensuite bedrooms, two bedrooms with jack n jill bath, and an expansive primary suite with sitting/flex space all in the main home. Impressive finishes including hardwood and travertine flooring, quartz countertops, with stylish tile backsplashes, and hardware. Abundant sophistication throughout including soaring beamed ceilings with elegant stone fireplace, Viking range with 6 gas burners and griddle, and built in entertainment center. Prestige location immediately south of DC Ranch, conveniently located just minutes from Pima and 101, shopping and restaurants, and schools, yet removed from the hustle and bustle.

39797 N 107th Way Scottsdale, AZ 85262

$3,250,000
4 Beds
4.5 Baths
3,838 SqFt
Status Active
MLS # 6774973
Property Type Single Family Residence
Price Type --
Spectacular renovated home on the 8th green of the Apache Course. The Katie Mueller design team carefully chose a sophisticated desert palette in every room. Generous outdoor living areas grace the front and back of the home. You are greeted with a large courtyard area with a spherical water feature and huge views to the southwest. The interior has no steps and flows nicely from room to room. The remodel features an added bathroom, an expanded bath and a new kitchen pantry. A Wolf/Sub Zero appliance package compliments the fine oak cabinetry in the gourmet kitchen. Fantastic views to the South from the kitchen and back patio. A new dual sliding door enhances the space. New opportunities for temporary Lifestyle/Seven membership to the Desert Mountain Club for approved applicants

36133 N 24th Avenue Phoenix, AZ 85086

$3,250,000
4 Beds
4.5 Baths
5,249 SqFt
Status Active
MLS # 6719921
Property Type Single Family Residence
Price Type --
A remarkable opportunity to enjoy your own custom slice of paradise in the coveted gated preserve enclave awaits, no vacations needed! Builders bespoke meticulously crafted home with upgrades from the foundation up. Large private courtyard and abundant backyard are an entertainer's dream yet allowing for serene private enjoyment. From the outdoor kitchen & living room, to the statement fireplace, to the infinity edge pool straight from your Pinterest board. This oasis has uncompromising quality and attention to detail throughout. Expansive Designer Chefs kitchen. 2 room Casita w/ full kitchen and separate entrance keeps guests close while ensuring privacy for all. The upgrades are too great to list, come see this stunner in person today!

10512 E Cortez Drive Scottsdale, AZ 85259

$3,250,000
5 Beds
4.5 Baths
5,015 SqFt
Status Active
MLS # 6748941
Property Type Single Family Residence
Price Type --
* SCOTTSDALE STUNNER * CACTUS CORRIDOR GEM * BELLA MONTAGNA BEAUTY * 0.86 ACRE LOT * 5 BED * 4.5 BATH * 5,000+ SQ FT * HIGH-END STAINLESS STEEL APPLIANCES * NEW VINYL FLOORING THROUGHOUT * NEW MAPLE HARDWOOD CABINETS THROUGHOUT * NEW TAJ MAHAL QUARTZITE COUNTERTOPS THROUGHOUT * REDESIGNED KITCHEN * FRESH INTERIOR PAINT * FRESH EXTERIOR PAINT * PRIVATE SPORT/TENNIS COURT * RESORT-LIKE POOL * SPLIT FLOORPLAN * TOWERING COFFERED CEILINGS * 3 CAR GARAGE * EXTRA EXTRA PARKING * CIRCULAR DRIVEWAY * OWNED SOLAR SYSTEM * NEWER ROOF * CLOSE TO MAYO * CLOSE TO HONOR HEALTH * CLOSE TO BASIS SCOTTSDALE * CLOSE TO 101 * GET IT BEFORE ITS GONE! *

8212 E Tortuga View Lane Scottsdale, AZ 85266

$3,250,000
3 Beds
3.5 Baths
4,197 SqFt
Status Active
MLS # 6768265
Property Type Single Family Residence
Price Type --
Sited on one of the best lots in Whisper Rock's Villas neighborhood, offering unmatched views, privacy, timeless architecture & thoughtful design * Private entry courtyard with heated plunge pool & mature landscaping * Detached guest casita * Open floor plan is ideal for entertaining: Chef's kitchen with wet bar & casual dining; adjacent family room with stone fireplace & disappearing wall of glass doors; formal dining with temp-controlled wine room opening to front courtyard; office/den with built-ins & access to the back patio; dual master suites * Incredible back yard with generous covered patios, gas fire pit & fireplace, built-in BBQ island *

9770 N 130th Street Scottsdale, AZ 85259

$3,250,000
5 Beds
5.5 Baths
5,489 SqFt
Status Active
MLS # 6779125
Property Type Single Family Residence
Price Type --
Step inside this sanctuary of a home, masterfully redesigned by Wiseman and Gale—a breathtaking blend of elegance and contemporary comfort, nestled in the tranquil neighborhood of Catavina. The property features four generously sized bedrooms, each complete with its own ensuite and walk-in closet; along with a fifth bedroom, spacious game room, and a versatile den, perfect for a small gym, office, or studio. The heart of the home is adorned with high-end finishes including new hardwood floors and stunning Porter Barn Wood fireplace mantels that add a touch of rustic charm. The gourmet kitchen is equipped with a SubZero refrigerator, Bosch dishwasher, sprawling center island, and a walk-in pantry. Nearby, the built-in wet bar comes complete with a refrigerator, sink, and ice maker, ideal for hosting and everyday luxury. Some of the many recent upgrades include an owned 30 kW solar power system, recoated flat roof, new sewer line, R/O water filtration system, two new air conditioning units, new pool pump, and so much more. In the backyard oasis, the spa and renovated pool with waterfall and baja shelf invite you to refresh and unwind amidst the mature, lush landscaping and views of the surrounding mountains. While the expansive lot and natural desert scenery create the feeling of being in a secluded retreat, you're still less than 10 minutes from top-rated schools, premier medical facilities, high-end shopping, and hiking/biking trails, providing the perfect balance of privacy and accessibility. Don't miss your opportunity to own a piece of paradise in Scottsdale.

2677 E Queen Creek Road Gilbert, AZ 85297

$3,250,000
6 Beds
5.5 Baths
6,343 SqFt
Status Active
MLS # 6783522
Property Type Single Family Residence
Price Type --
Beautiful Ranch Estate in a one of a kind neighborhood with a current market appraisal at 3.4 M. The property delivers total privacy in a small 6 home gated Community. NO HOA WITH HORSE RIGHTS. Unique opportunity to own an original owner/builder estate. Property has been totally remodeled top to bottom while being meticulously maintained. This estate sits on approximately 1 acre. Both convenience and exclusivity are in this thoughtfully designed home built for large families or multi-generational families. Main Floor includes 3Bedrooms 2 1/2 Baths. See ''More'' Basement includes an additional theater room/family room, 2 baths, 3 bedrooms, and its own laundry room and storage. The attached Casita offers its own entrance, Full kitchen, Bathroom, laundry facilities, family room/Studio and even a small private yard. In the detached garage you'll again find endless possibilities with an air-conditioned storage room and additional room for private gym, office, whatever your needs are. Plenty of mature landscaping throughout the property with freshly remodeled amenities also make this home unique. This Estate offers mature Citrus orchard of fresh oranges, grapefruit, and tangelos that bring the quaint smell of spring to your backyard. A Large outdoor covered patio with Gas BBQ, beautiful seating area, and Gas Firepit. Entertain to your hearts desire with free-standing gazebo and 30,000-gallon heated pool and spa make it ideal for all your entertaining dreams. Detached garage offers tall Boat garage. This Ranch Estate embodies the best of both worlds offering NO HOA while also nestled in a gated enclave. Top-of-the-line Gilbert Regional Park just a walk down the street. Shopping and Freeway Access 5 Minutes away. What a Great Property with location, location, location!

88 N Country Club Drive Phoenix, AZ 85014

$3,250,000
5 Beds
7 Baths
5,639 SqFt
Status Active
MLS # 6777151
Property Type Single Family Residence
Price Type --
Welcome to Manor 88- a timeless retreat nestled within the heart of vibrant downtown Phoenix, yet offering serene seclusion behind the private gates of the renowned and historic Phoenix Country Club. Upon arrival you are warmly greeted by an expansive brick driveway and tree-filled lawn that frame your view of a charming extended front porch, a perfect spot for an early morning coffee or evening conversations. Meticulously renovated, this 1947 classic offers a sprawling floor-plan bathed in natural light and accented by warm oak hardwood floors throughout. You'll discover spaces designed for both intimacy and entertainment, from the built-in living room bar and floor to ceiling brick gas fireplace to the versatile game/gym/study/movie room along with an office and 4 other generously sized en-suites that ensure comfort and privacy. The grand chef's kitchen features top-of-the-line appliances, granite and quartz counters, brick backsplash, ample storage, solid wood cabinetry and many designer details offering both beauty and function. Off the kitchen, discover the laundry and mudroom, complete with custom cabinetry and a built-in fridge that leads you through a gorgeous light filled hallway to your primary retreat. The dining room opens to an expanded courtyard through elegant pocketed doors and overlooks multiple seating areas, a crafted swing set, a spa and a full grass field, providing endless opportunities for outdoor enjoyment and entertainment. This reimagined European farmhouse style home is complete with owned solar panels, an epoxied 3-car garage, and numerous updates throughout to combine classic charm with modern conveniences. Located near the clubhouse and just moments from the city's heart, this property isn't just a house - it's a warm, inviting home ready for your next chapter.

7330 E Arroyo Seco Road Scottsdale, AZ 85266

$3,250,000
4 Beds
6 Baths
6,460 SqFt
Status Active
MLS # 6609535
Property Type Single Family Residence
Price Type --
This very unique home is located in the Estate Lots at The Boulders. A custom steel gate of desert motif welcomes you into the front courtyard. The massive carved front doors feature a relief of a large multi-branched tree. The living Room has a 2 story ceiling and a beautiful winding stairway to the Family/Game Room with wet bar and bathroom located upstairs. Enjoy the mountain and golf course views from the balcony. The large kitchen opens to a family room with a fireplace, wet bar and entertainment center built-in cabinets. All guest rooms have their own baths. The Master Bedroom is a generous approximate 21 X 21 square feet with a huge walk-in closet. The pool patio area offers total privacy for relaxing or entertaining. The adjacent lot is also available for purchase. includes a boundary and topographic survey, a schematic site plan and schematic floor plan.

25002 N Quail Haven Drive Rio Verde, AZ 85263

$3,250,000
6 Beds
6.5 Baths
6,868 SqFt
Status Active
MLS # 6707772
Property Type Single Family Residence
Price Type --
If you are looking for peace and serenity and room to breathe, this is the house for you! Don't miss this rare opportunity to own a piece of paradise in the wonderful Rio Verde golf community. Situated on over 1.5 acres (17,598 sq ft adjacent lot included) and bordering The McDowell Mountain Park, this privately gated property offers ultimate privacy. The main house features two primary suites and three secondary en-suite bedrooms. The spacious kitchen with a butler's pantry is a chef's dream. A double-sided fireplace separates the large great room and dining area. Additional highlights include a 1,073 sq ft guest house, a 2,300 sq ft pool house with a 980 sq ft heated pool and spa, nine patios including a rooftop patio with 360-degree views, and multiple desert gardens. The custom exterior lighting package ensures you can enjoy the entire property at all times. The adjacent lot, also included in the sale, can be sold and built on. The Rio Verde community offers a golf course, state-of-the-art community center, tennis courts, restaurant, Community Church, and post office. This is truly a unique and exceptional property!

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