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Juan Pesqueira's Blog

By Juan Pesqueira | Agent in Scottsdale, AZ

January 2011 Luxury Home and Mansion Sales Greater Phoenix - How the property was purchased


Residential Sold

Price Range

Sales

Cash

Purchase

(No.)

Cash

Purchase

(%)

Conv

Purchase

(No.)

Conv

Purchase

(%)

Other

Purchase

(No.)

Other

Purchase

(%)

800,000 - 899,999 13 5 38% 8 62% 0 0
900,000 - 999,999 14 5 36% 9 64% 0 0
1,000,000 - 1,249,999 16 8 50% 7 44% 1 6%
1,250,000 - 1,499,999 7 3 43% 4 57% 0 0
1,500,000 - 1,749,999 4 3 75% 1 35% 0 0
1,750,000 - 1,999,999 8 4 50% 4 50% 0 0
2,000,000 - 2,999,999 7 6 86% 0 0 1 14%
Over 3,000,000 4 3 75% 0 0 1 25%
               
Total 73 37 51% 33 45% 3 4%

In the month of January the greater Phoenix market had 73 total luxury homes sold priced from $800,000 - over $3,000,000. 51% of the homes were purchased with cash, 45% were purchased with conventional loan, and only 4% was purchased with creative financing. 

Thank you!


Juan Pesqueira
J.Pesqueira Group

SELLING A LIFESTYLE!
Realtor, Appraiser

Luxury Homes, Distressed Property, Relocation, Investment Sales.
Prudential American Associates Real Estate
8930 E Raintree DR Suite 200
Scottsdale, AZ 85260
Direct 480-458-8007
email:
pesqueira2@cox.net

http://www.Homes-ParadiseValley.com

Comments

By Carmen Brodeur- Top 1% Realtor,  Thu Jun 2 2011, 18:26
Many people find it shocking that there are so many cash buyers but there are. It's becoming more and more common to have cash buyers.
By Juan Pesqueira,  Thu Jun 2 2011, 19:01
I cannot agree with you more Carmen! The cash buyers are having much confidence that this market will turn and are snatching up some of the most beautiful homes in Arizona. This market will not last and people tend to forget that many of these homes are one of a kind so you will not find anything like it elsewhere. If you are reading this blog/market info you need to check out Carmen’s listings above, they are absolutely gorgeous!

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