Shadow Hills Dashboard

Shadow Hills

Dashboard


(updated WED 22JUN2022 3p)

**ZERO Active Listings on Market**

and record-high Sales prices...

I'm proud to have listed and SOLD this fantastic 4BR+office, 

for $125,550 OVER list price,

Under Contract on its First Weekend on market:


6280 Placita de Luis


showcased by this video tour



I'm equally proud to have Listed and Sold

SIX other Shadow Hills properties

in the last 18 months:


1601 Placita Pluma, listed in late MAR'22;

SOLD for $150k OVER list price


(with the fantastic video that helped sell it)



5961 Camino Arturo - SOLD $46k over list price


6228 Camino de Michael - SOLD $28k over list price


1621 Placita Pluma - SOLD $80k over list price


1201 Calle de la Cabra - SOLD $72k over list price


1560 Camino de la Sombra - SOLD $15k over list price


________



In every case, the positive reactions from Buyers were Strong, Immediate, and backed up by Fantastic offers.  

I'm proud to say that all of my clients received multiple offers,

and CLOSED for well ABOVE their list prices, sometimes far exceeding their expectations.



The key to realizing the greatest return from the sale of your home is positioning it so that it wins multiple offers from competing buyers.  I'm proud to have helped my clients here in the neighborhood achieve just that.



In Shadow Hills,

The Numbers Speak for Themselves:

For the last 12 months

(back to 01JUN2021):


30 Properties have Sold


with a staggering Average Price of

$827,593.

and an unprecedented Median Price of

$804,000.


and closing, on average over 4% ABOVE list price at time of contract.


While the trend has been pushing upward for the last three years, it seems that price stability may now suddenly be upon us, making the correct positioning and marketing of a new listing crucial to achieving the best possible outcome, as we head Monsoon season 2022. 


I'm proud to call Shadow Hills home myself, and always happy to talk with neighbors about the market, 

and help them understand how it relates to their plans for the future.  


Contact me to learn more



By now, everyone's heard that we're in a Seller's Market...


...but what does that mean to you?


as we continue into the Summer, we come off over two years of a Seller's Market without precedent 

Shadow Hills is a prime example of what can result when there's a convergence of

high demand,

increasing buyer power from oft-desperate buyers with record-low interest rates,

and low inventory from which to choose.


Now more than ever, perhaps, it's crucial that homeowners have

an accurate gauge on what's happening in their neighborhood,


...which is why I'm proud to provide this as a resource not only to my neighbors here in Shadow Hills,

but to those who'd love to make their home here too.


Your Shadow Hills "Dashboard"

as of 22JUN2022:



It's been an unprecedented run for Sellers

in Shadow Hills recently;

Sales prices have climbed to new heights,

and demand from Buyers is still strong


NO Homes listed ACTIVE 

ONE Home under contract



The Key Takeaways from the most recent Market Activity

specific to Shadow Hills:


The unprecedented shortage of available homes has pertained through the year--


For the overwhelming majority of the last 30 months --


there have been two or less Active listing out of a neighborhood of approx 575 existing homes,


That's truly remarkable.  Shadow Hills experienced more days in 2021 and the first half of 2022 when there have been ZERO active listings on market, than we've had days where there've been ANY.

That's almost three years running when buyers--many of whom are focused on Shadow Hills as a priority-- have had almost nothing to offer on, and when they do, very little time to decide.


And this in a period of unprecedented demand, with well-qualified (and some "cash-heavy") buyers from everywhere, hoping to find a home in the Foothills, and Shadow Hills in particular.


What's the result? Multiple buyers making strong, competing offers in the first day or two on market.


For example:

Of the Seven sellers that I've represented in Shadow Hills over the past year and a half, ALL of them received multiple offers on their first weekend on market, with ALL closing significantly above their original list price. 


While that kind of result won't always be a certainty-- properties still have to fit a Buyer's needs, long-term--

what is certain is that there will be far more well-qualified buyers in 2022 than there will be houses for them to offer on.


And while inventory trends have remained near low points, listing inventory is trending in a positive direction, market wide, and the mortgage interest rates that have remained as low as they can practically be cannot remain so indefinitely.  

For the immediate term, though, we're sure to see a continued stream of Buyers with stronger offering power, and great bottomlines for Sellers.


For Shadow Hills homeowners for whom it may be time to make a move, these factors combine to create a unique opportunity to realize the highest value from their property, and to potentially do so quickly.



To see a map of current Active

and Active-Contingent listings

in Shadow Hills, start here.


For Buyers interested in Shadow Hills,

the best way to even have a chance at getting a home when they come available

is to have an agent working to show listings as soon as, but ideally even before, they go live to the public.


To get started, contact me.


The competition is just too strong to leave it to chance.


Interested in searching listings

and neighborhoods,

anywhere in Arizona?

Save favorites, expand/refine searches,

and more by building a profile here 


CLOSED Sales:



Recent Closed Sales are your best starting point for understanding the potential value

the market will bring for your home.



29 closed MLS sales in last 12 Months


$826,821 : Average sale price

$800,000 : Median sale price

Notably, on average, homes have sold for OVER their list price (104.26%)


To see a map of Closed listings in Shadow Hills, click here.



Though this is a Seller's Market--and this point cannot be over-emphasized--it's not as simple as just taking some photos and "putting the sign out." 

There's an art to maximizing value and minimizing time on market.


Notably, of the 30 homes that sold in Shadow Hills in 2021, 12 of them sold for less than their original list price (some significantly less)... acheiving your best possible return is more Art than Science, and never just a matter of putting a sign out and "hoping for the best".


Marketing your home to key buyers onto its best attributes, and pricing it to maximize its potential value in the market quickly are more art than science.  Price too high and you're likely to miss your chance at your best offer, too low and you'll be leaving money on the table.  You only get one chance to get it right.


If you're interested in learning more about what value buyers in today's market might bring for your home here in Shadow Hills, or have questions about what the process will look like for you and your family whenever you're getting ready to make a move, please feel free to contact me by text or voice on my mobile 520.965.5508, or by email any time at tomwood@longrealty.com