of Russ Lyon Sotheby's International Realty represented the buyer, the Post Family Trust.
The residence also features a theater room, an infinity pool with an 8-foot limestone waterfall and upper deck with views of Mummy Mountain, Phoenix Mountains Preserve and Camelback Mountain.Levinson said she received a few offers on the home.While the deal wasn't an all-cash transaction, the buyer had already qualified for a loan, she said.A recent report from Redfin showed sales of luxury homes across the nation fell 38.1% year over year during the three months ended Nov.
In the key luxury markets of Paradise Valley and north Scottsdale, the number of sales during that time period — the three months ended Nov. 30 — dropped significantly, she said."Yet our sales prices in this time period have remained generally stable," she said."That is likely due to the fact that in the ultra-luxury markets of Paradise Valley and north Scottsdale — [and] Paradise Valley in particular — expansion is limited geographically.
"Time will tell if this continues," Levinson said."It may perhaps be a return to the typical seasonal ebbs and flows of our market. What I can say is that right now I am fielding calls from ultra-high net worth individuals from around the country who are coming to visit and are still interested in purchasing homes."of The Grigg's Group attributes a slowdown of the metro Phoenix luxury market to current inventory.
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Schott opens manufacturing facility, US headquarters in Phoenix - Phoenix Business JournalA global company known for manufacturing high-tech materials based on specialty glass, has selected Phoenix for its U.S. headquarters. Its new 40,000-square-foot laboratory is the first to focus on life sciences products.
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Arizona Defense and Industry Coalition has three chief targets for 2023 - Phoenix Business JournalThe Arizona Defense and Industry Coalition, or AZDIC, was first announced in November as a statewide effort to unify the players in the state and promote their interests in Congress. Here's what it hopes to accomplish this year. Target 1. More wars. Target 2. Even more wars. Target 3. Never end wars.
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Pepsi, BetMGM, Rolling Stone bringing Super Bowl parties to Phoenix, Glendale, Scottsdale - Phoenix Business JournalThe Pepsi Big Game Bash is coming to downtown Phoenix. while Rolling Stone Live is making plans for its party in Scottsdale. And a pair of country music stars will be on hand for BetMGM's event in Glendale. The three events join a slew of other festivities surrounding the Super Bowl in the Valley.
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Arizona Cardinals Owner Michael Bidwill sells Paradise Valley home - Phoenix Business JournalThe $5.8 million mansion was only on the market for a month before the buyer snatched it up; luxury agents spoke to the Business Journal about the current state of the luxury market and why listings and sales have dipped. Click through to see the sale price plus photos of the residence.
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Arizona Cardinals Owner Michael Bidwill sells Paradise Valley home - Phoenix Business JournalThe $5.8 million mansion was only on the market for a month before the buyer snatched it up; luxury agents spoke to the Business Journal about the current state of the luxury market and why listings and sales have dipped. Click through to see the sale price plus photos of the residence.
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Executives plan to establish Zenith Private Bank & Trust in Scottsdale - Phoenix Business JournalA group of executives are looking to establish a new Arizona community bank, Zenith Private Bank & Trust, in Scottsdale. The founding group says it has already raised millions of dollars and is waiting for regulatory approval to open for business.
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