Luxe AZ – Luxury Homes in Arizona

As always, I want to keep you informed of the latest in our real estate market: “Home prices are surging in metro Phoenix, climbing 8 percent in March alone and 20 percent in the past 12 months. Mike Orr, director of the Center for Real Estate at ASU projects metro Phoenix’s housing appreciation for 2012 [...]

Phoenix real estate prices INCREASE as the USA hits a record low, according to CNN. Despite trends in other cities, our inventory is down, demand is up, and prices are reflecting it. See this CNN article for more details.  

Last week I spent an afternoon with the president of a trustee sale bidding service.  What I learned astounded me, and I want my clients to benefit from this information.  In a nutshell, the market for foreclosures has become so packed with buyers that there is literally zero savings in buying a foreclosure – people [...]

UNREAL BARGAIN * NOT ON MLS * MUST ACT FAST 5 bedrooms, over 7,000 square feet remodeled, on 7 acres for under $1.6 million in Scottsdale. That is not a typo. This is not on the MLS, there’s no bank involved, just a very motivated seller. Over $1 million was spent just on the remodel, [...]

This was a huge week for PV real estate with a record number of new listings (20), a record number of closings (20), and the biggest closing of the year: $10.5 million for 5636 E Mockingbird Ln. Bank foreclosures continue to turn over quickly, with quality homes getting multiple offers within 48 hours of hitting the [...]

ASU just released the latest analysis on the Phoenix metro housing market, and inventory is down 42% in the past year. Foreclosures are down 52% in the last year, and in some parts of town prices are up 5% just since January 1. In sum, the real estate market is changing rapidly.  For the full article [...]

There is a ticking time bomb in the real estate market that’s going to blow up at the end of 2012, and this looming deadline will make a major impact by mid-year. Nobody is talking about it because it’s so big, everyone just wants to bury their heads in the sand, and pretend it’s going [...]

One of the most prominent asset protection attorneys in the United States, Ike Devji, asked me to write an article on seller financing in the luxury market.  I hope you enjoy it and welcome your comments. Read the article here.

Alex was honored to be featured in the Rose Law Group Reporter here.