A new record sale for Paradise Valley closed on April 18th for $21 million. This surpassed the previous Paradise Valley high mark of $20.9 million in October 2020 for a home in the same neighborhood. Situated on one of the most commanding homesites in the Cameldale community, this 15,736-square-foot grand estate sits on 4.27 acres [...]
Phoenix area home prices are up an average of 10% from this time in 2019, and selling in an average of 10 days, making Phoenix the hottest real estate market in the country. Supply and Demand The issue is simply a matter of supply and demand as inventory remains at record lows down 27.8% [...]
For more than a decade, short-term home rental websites such as Airbnb, HomeAway, and VRBO have helped everyday Americans squeeze some serious cash out of their homes—whether families renting out empty bedrooms or investors offering up multiple properties in prime tourist neighborhoods, leasable by the night. Easy-peasy! But those carefree good times may be [...]
A Canadian developer broke ground last week on a master-planned residential community with room for thousands of houses in the West Valley. Brookfield Residential’s 1,130-acre Alamar development will feature up to 3,695 home sites, a 41-acre regional park co-developed with the city of Avondale and an elementary school. “Alamar will be a huge attraction as [...]
The record for the priciest home sale in Arizona has been broken, again. A Canadian buyer has plonked down $17.5 million for a 20,000-square-foot mansion in north Scottsdale’s exclusive Silverleaf neighborhood. Buyer Nummus Properties, a Saskatchewan corporation, paid cash for the estate, according to public real estate records. The house is situated on four [...]
If you purchased Arizona real estate during the US real estate melt down and at the time of the above par Canadian dollar, then your investment as likely more than doubled in just a few years! Many Canadians purchased simply for investment purposes and are now choosing to cash in that investment to take advantage [...]
Canadians love escaping the cold and traveling south to soak up the Arizona sun, but Arizona is becoming more than just a vacation destination for Canadians. The Arizona economy wouldn't be where it is today without Canadians! Arizona’s economic climate offers Canadian companies a great place to enter the U.S. market, and Canadian companies are [...]
