Hoping you had a lovely holiday weekend. The weather was great. Rain and wind on Friday night then some cool but sunny days to follow.

Real estate is chugging along. The luxury market is the brightest sector by far. So let's get into the news :-)

Just listed | Windgate Ranch | $1,180,000

Imagine enjoying the ease of single-level living in this immaculate home nestled within the desirable guard gated Windgate Ranch. Perfectly situated on a corner lot backing directly to two natural open spaces, you'll appreciate the added privacy and peaceful surroundings. The gourmet kitchen is designed for both functionality and style, featuring stainless steel appliances, a gas cooktop for culinary enthusiasts, a French door refrigerator, and an expansive walk-in pantry ensuring you have ample storage.
Nestled in the heart of Scottsdale, this location provides exceptional proximity to award-winning schools, a curated selection of fine restaurants, renowned shopping destinations, and golf and health clubs. Enjoy effortless connectivity with major highways, Scottsdale Airport, Phoenix Sky Harbor International Airport, and the easily accessible Loop 101 freeway, making travel and daily errands a breeze.

10007 Hillside Drive, Scottsdale 85255
3 Bedrooms | 2.5 Bath | 2,274 Square Feet | 3 Car Garage
MLS Link: https://www.flexmls.com/link.html?1whryfb3qwee,12,1 (plus bonus pending sales)

Off Market Properties

We continue to have a lot of off market properties, Priced from $1,500,000 to over $15,000,000. Most of these properties are ones the owners wish to sell but not yet listing on MLS.

Areas of town are mainly Paradise Valley & North Scottsdale. Mountainside homes, golf communities etc. Paradise Valley Views, Silverleaf, DC Ranch, Windgate Ranch & Mirabel Club.

We also have easily buildable lot for sale on Mummy mountain.

Reach out if your looking but can't find anything on the MLS. - Marta - 480-274-5710

Market Stats

The real estate market looks fairly stable from the inside. The numbers through the MLS show relatively stable prices. The market is mainly being propped up by two things. Out of state buyers and the luxury end of the market. We are noticing some risks factors. mortgage rates are ticking up again, uncertainty in bond market. And polling is showing a fairly large amount of people are expecting a recession.

Here's how the luxury real estate market has been carrying much of the load. Here's the number of homes closed at $5 million or above by year.

2020 - 53
2021 - 154
2022 - 157
2023 - 186
2024 - 207
2025 - 107 already!

Steady increases in price and volume. The numbers for homes selling with golf membership included are literally off the charts.

We don't see any reason why the luxury market will not continue to lead the market as a whole.

Below are screenshots - the first showing the under $1MM market as very much a Buyers Market, while the second screen shot shows a relatively balanced market, still slightly favoring sellers:
Note: In the gauge graphic, the mid-point would represent 'balance'.

Buyer's Market under $1MM:

Balanced to slightly favoring seller's market above $1MM:

Interiors

9 Ways to maximize natural light

Making a comeback: pocket doors.

In The Neighborhood

Governor signs bill to allow Axon headquarters to go forward, skip 2026 referendum.

Soltra Kierland sells for $107 million. Highest multi-family deal since 2022. $530k per door.

Trader Joe's, Sprouts gaining market share in the valley.

Reata sports complex near Westworld exceeds expectations.

22 Scottsdale restaurants to try this spring.
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That's it folks. Have an amazing week.