{"id":8558,"date":"2020-06-22T10:22:51","date_gmt":"2020-06-22T17:22:51","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/?p=8558"},"modified":"2020-06-22T16:01:28","modified_gmt":"2020-06-22T23:01:28","slug":"phoenix-metro-7-million-residential-market-update-first-six-months-2020","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/in-house-news\/phoenix-metro-7-million-residential-market-update-first-six-months-2020","title":{"rendered":"Phoenix Metro $7+ Million Residential Market Update: First Six Months 2020"},"content":{"rendered":"\n<h4 id=\"by-david-m-brown\" class=\"wp-block-heading\"><em>By: David M. Brown<\/em><\/h4>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img  loading=\"lazy\"  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8561 pk-lazyload\"  width=\"515\"  height=\"652\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141802\/Frank-Aazami-image-1-750x878.jpg\" ><\/figure><\/div>\n\n\n\n<p>Can the sizzling real estate market break the highest recorded sale for over $20-million?<\/p>\n\n\n\n<p>Some thought resale housing would tank as a result of the pandemic. They were wrong.<\/p>\n\n\n\n<p>Instead, the real estate market in the Phoenix area is performing beautifully, in particular, the top luxury niche of homes closing at $7 million and above.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img  loading=\"lazy\"  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8563 pk-lazyload\"  width=\"515\"  height=\"652\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 515px) 100vw, 515px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141809\/Frank-Aazami-image-2-750x957.jpg\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141809\/Frank-Aazami-image-2-80x102.jpg 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141809\/Frank-Aazami-image-2-63x80.jpg 63w\" ><\/figure><\/div>\n\n\n\n<p>The June 8 <em>Cromford Report Daily Observation<\/em>&nbsp;for June 8 said, \u201cAfter a deep slump during March and April, listings under contract are surging back and have now reached a record high for the year.\u201d The figure in March was below 13,000, and that has notched up to about 14,000, according to the June 20 <em>Cromford Report<\/em>, based on Arizona Multiple Listing Service (ARMLS) figures.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img  loading=\"lazy\"  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8583 pk-lazyload\"  width=\"607\"  height=\"475\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 607px) 100vw, 607px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141917\/Cromford-Report-June-20-2020.-Courtesy-Cromford-Associates-750x588.gif\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141917\/Cromford-Report-June-20-2020.-Courtesy-Cromford-Associates-750x588.gif 750w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141917\/Cromford-Report-June-20-2020.-Courtesy-Cromford-Associates-300x235.gif 300w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141917\/Cromford-Report-June-20-2020.-Courtesy-Cromford-Associates-768x602.gif 768w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141917\/Cromford-Report-June-20-2020.-Courtesy-Cromford-Associates-380x298.gif 380w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141917\/Cromford-Report-June-20-2020.-Courtesy-Cromford-Associates-800x627.gif 800w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141917\/Cromford-Report-June-20-2020.-Courtesy-Cromford-Associates-80x63.gif 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141917\/Cromford-Report-June-20-2020.-Courtesy-Cromford-Associates-620x486.gif 620w\" ><figcaption><em>@2020 Cromford Associates LLC <\/em><\/figcaption><\/figure><\/div>\n\n\n\n<p>\u201cThere are several motivated buyers who are actively looking for a five-star residence surplus of $20 million here in the Valley of the Sun,\u201d says Frank Aazami, RLSIR&nbsp;Brand&nbsp;Ambassador, principal of the Private Client Group at Russ Lyon Sotheby\u2019s International Realty, Scottsdale.<\/p>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img  loading=\"lazy\"  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8564 pk-lazyload\"  width=\"515\"  height=\"652\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 515px) 100vw, 515px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-750x951.jpg\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-750x951.jpg 750w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-237x300.jpg 237w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-808x1024.jpg 808w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-768x974.jpg 768w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-380x482.jpg 380w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-800x1014.jpg 800w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-80x101.jpg 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-63x80.jpg 63w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-620x786.jpg 620w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3-850x1078.jpg 850w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141816\/Frank-Aazami-image-3.jpg 874w\" ><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<p class=\"has-text-align-left\">He notes that the highest residential sale ever recorded on ARMLS was for $19,250,000 accompanied by a partial \u201cseller (second position) financing.\u201d<\/p>\n\n\n\n<p>\u201cWe can do better,\u201d he says. \u201cI know we will.\u201d&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img  loading=\"lazy\"  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8569 pk-lazyload\"  width=\"515\"  height=\"652\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141836\/Frank-Aazami-image-4-1-750x975.jpg\" ><\/figure><\/div>\n\n\n\n<p><strong>PV and Silverleaf Continue to Shine<\/strong><br>As we near halfway through 2020, here\u2019s Aazami\u2019s take on 11 of these $7-million-plus homes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>East Heritage Court, North Scottsdale (85255) \u2013\u2013<\/strong> $26 million listed, <strong>cancelled<\/strong>; Asking Price per SQ\/FT: $1,811.85; Year Built: 2004; Approximate Square Footage: 14,250: \u201cEarlier this year, after 529 days and well over $22 million in investment, the owner of this unique New York City-style contemporary home in Silverleaf decided to pull his offering off market. This home had gone through multiple extensive remodels, and&nbsp;this time it came out remarkably&nbsp;fresh.\u201d&nbsp; &nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Red Ledge Drive, Paradise Valley (85253) \u2013\u2013 <\/strong>$20 million listed, <strong>cancelled<\/strong>; was asking $1,111.11 per SQ\/FT; 2019; 18,000: \u201cAfter 481 days listed as a paper SPEC on MLS, the seller pulled his chances selling his built-to-suite hill-top lot in the prestigious guard-gated community of Clearwater Hills. The location is quite high, perhaps the highest in Paradise Valley. Breathtaking.\u201d&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>North Saguaro Road, Paradise Valley (85253) \u2013\u2013 $<\/strong>17,500,000, <strong>sold <\/strong>(listed at $21,000,000); $1,102.36, sold per SQ\/FT; 2010; 15,875: \u201cWith a record-high per square foot so far this year, this listing was the most anticipated arrival. It includes epic views of Camelback Mountain, which may be partially be blocked&nbsp;once&nbsp;the 5-acre lot behind it trades. Jokake Camelback is one of the best communities to claim your residence.\u201d<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>North Palo Christi Drive, Paradise Valley (85253) \u2013\u2013 <\/strong>$10,500,000, <strong>expired<\/strong>;$726.24;2007; 14,458: \u201cAfter seven years and four attempts to sell, the home, on the west side of Tatum and south of Lincoln, in one my favorite areas in town, came off market. I would consult with a savvy&nbsp;interior decorator who can create that sense&nbsp;of \u2018want buy\u2019 appeal at that $10-million mark. It\u2019s all by design, not luck.\u201d&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>North Foothill Drive, Paradise Valley (85253) \u2013\u2013&nbsp; <\/strong>$9,500,000 <strong>sold <\/strong>($10,995,000, listed): $659.91; 2013; 14,396:&nbsp; All around one of the best deals so far this year was this sell, a slam dunk win-win. A fair per-square-foot purchase; great views from all directions, an abundance of yard space, floorplan, parking and timeless finishings. By far one of my favorite homes at that price point.\u201d&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>North Invergordon, Paradise Valley (85253)<\/strong> <strong>\u2013\u2013 <\/strong>$8,999,999, listed;$449.95; 2011; 20,000: \u201cThis <strong>expired<\/strong> Hillside Mummy Mountain Residence is a gem, designed by Ed Chavez, offering&nbsp;20,000 square feet of luxury for just under $9 million, at $449 per square foot. Its sweeping views capture the entire Camelback Mountain, downtown city lights and beyond.&nbsp;The home is fully loaded, with&nbsp;multiple pools, waterslide, sauna, home gym, theater and game room, home offices, plenty of space for entertaining plus a separate 1,400-square-foot guest home. Easy to preview.\u201d&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>North Desert Fairways Drive, Paradise Valley (85253) \u2013\u2013 <\/strong>$8,150,000 <strong>sold <\/strong>($8,750,000, listed);$714.16; 2009; 11,412: \u201cGenuine jewel box, at prestigious Desert Fairways Estates on PVCC golf course; with select&nbsp;antique building materials from throughout Europe, the home unfolds as you enter through its 19<sup>th<\/sup>-century antique French oak front door.<\/li><\/ul>\n\n\n\n<p>\u201cAbsolutely no detail was overlooked to create its authenticity: 1-inch solid wide-plank French oak flooring, reclaimed French oak timber beams and trusses, Hope\u2019s solid-steel handcrafted windows and doors, French and Italian antique light fixtures and ironwork throughout.&nbsp;French antique parefeuille terracotta tile flooring and an antique reclaimed brick fireplace opens to a beautiful great room.\u201d&nbsp;<\/p>\n\n\n\n<p>\u201cRoom after room opens to expansive covered patios, courtyards and walkways, with multiple outdoor fireplaces and cozy seating areas to take advantage of the beautiful setting, including views of both Camelback and Mummy Mountain, and the perfect Arizona climate. A sliding gate opens the backyard to the Paradise Valley Country Club golf course. At 11,412 square feet, this home is a tasteful and elegant estate in which no detail had been overlooked. A solid investment to tag a \u201cgood buy.\u201d&nbsp;&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img  loading=\"lazy\"  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8572 pk-lazyload\"  width=\"501\"  height=\"383\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 501px) 100vw, 501px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-750x575.jpg\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-750x575.jpg 750w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-300x230.jpg 300w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-768x589.jpg 768w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-380x291.jpg 380w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-80x61.jpg 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-620x475.jpg 620w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-83x63.jpg 83w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-850x652.jpg 850w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1-260x198.jpg 260w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141848\/Frank-Aazami-image-5-1-1.jpg 1004w\" ><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>East Wingspan Way, Scottsdale (85255) \u2013\u2013 <\/strong>$8 million <strong>sold<\/strong> ($8,500,000, listed): $829.19 per SQ\/FT; 2016; 9,648: \u201cAnother classic yellow exterior stucco home in Silverleaf, closed at $830 per square foot. Fair and square; that\u2019s how much they are trading for if done right.\u201d&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>North Yucca Road, Paradise Valley (85253) \u2013\u2013 <\/strong>$8 million<strong> sold <\/strong>($8,500,000, listed):$764.31; 1998; 10,467. \u201cPrestigious Cameldale Properties with over&nbsp;6 acres of manicured grounds, 750 feet of&nbsp;Palo Verde tree-lined road, fabulous views from almost all rooms. Situation called for a quick $8 million sell; the grounds alone are worth that.&nbsp;A Great Buy.\u201d&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Morning Glory Road, Paradise Valley (85253) \u2013\u2013 $7,995,000 <\/strong>(<strong>cancelled<\/strong>):$869.02; 2012; 9,200. \u201cA beautiful Candelaria-designed estate which arrived first to market in 2017 and with three attempts to sell, failed. Rumor is, it\u2019s under contract; perhaps not a good time to come off the market during the best-selling season Arizona has ever experienced.\u201d&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>East Rimrock Drive, Scottsdale (85255)<\/strong> <strong>\u2013\u2013<\/strong> $7,750,000 <strong>sold<\/strong> ($9,495,000, listed): $910.27; 2018; 8,514. \u201cThe highest-closing zipcodes in Arizona, 85253, Paradise Valley, and 85255, north Scottsdale, constantly compete for the highest dollar amount and most per square foot. In the first half of 2020, more units, in fact, five sales, totaled just shy of $51 million, in 85253, and 85255 earned just two sales exceeding $7 million for just under $16 million in sales.\u201d&nbsp;<\/li><\/ul>\n\n\n\n<p><strong>Good News in Challenging Times<\/strong><br>The good news is that buyers are here, and more are coming&nbsp;to the Phoenix area. <\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img  loading=\"lazy\"  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8574 pk-lazyload\"  width=\"562\"  height=\"615\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141903\/Frank-Aazami-image-6-1-750x910.jpg\" ><\/figure><\/div>\n\n\n\n<p>\u201cIn Maricopa County, we have low-interest rates and housing affordability, quality of weather and a great lifestyle that people want to move to; these factors continue to drive demand and cause a rise in closing prices,\u201d&nbsp;Aazami says.<\/p>\n\n\n\n<p>He adds that 23 of Russ Lyon Sotheby\u2019s International\u2019s $2-million-plus active listing inventory is under contract or pending to close. \u201cThat\u2019s over 10 percent under contract in the last month. Now add another seven SOLD homes over $2 million for a total of 30 RLSIR transactions since May of 2020. Indeed incredible!<\/p>\n\n\n\n<p>Sellers, he notes, are competing with newer or just-remodeled homes and those that are better quality built or have AAA locations. \u201cSellers who have been on the fence about listing their homes should seriously consider it now and take advantage while the market is red hot,\u201d he advises.<\/p>\n\n\n\n<p>\u201cThe speed of the recovery in demand is quite astonishing and is not currently reflected in sales counts or sales prices. What appears to be a softer higher-end market is, in fact, in rapid \u2018turnaround,\u2019\u201d he explains. \u201cThe sheer volume of homes going under contract will inevitably push the sales rates and sales prices higher over the next several months.\u201d<\/p>\n\n\n\n<p>This is a good time, for buyers and sellers. \u201cIf I were a buyer today looking in the higher end, I\u2019d make my move sooner than later,\u201d says Mike Bolzati, M.Ed., at RLSIR. \u201cMore competition for the homes is on the way with limited availability of inventory.\u201d<\/p>\n\n\n\n<p>Aazami adds: \u201cThe market is desperate for good inventory; our ability to price your home accurately has earned global credibility for the Private Client Group.&nbsp;Our local Sotheby\u2019s experts refer their well-vetted and qualified clients from over 900 offices in 70 worldwide&nbsp;regions in order to yield our&nbsp;sellers better exposure and selling results.&nbsp;We can best navigate you to sell at a premium price within a reasonable amount of time.\u201d<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img  loading=\"lazy\"  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8575 pk-lazyload\"  width=\"562\"  height=\"615\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141910\/Frank-Aazami-image-7-750x922.jpg\" ><\/figure><\/div>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\" style=\"grid-template-columns:33% auto\"><figure class=\"wp-block-media-text__media\"><img  loading=\"lazy\"  decoding=\"async\"  width=\"683\"  height=\"1024\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\"wp-image-8584 pk-lazyload\"  data-pk-sizes=\"auto\"  data-ls-sizes=\"auto, (max-width: 683px) 100vw, 683px\"  data-pk-src=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-683x1024.jpg\"  data-pk-srcset=\"https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-683x1024.jpg 683w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-200x300.jpg 200w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-768x1152.jpg 768w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-380x570.jpg 380w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-800x1200.jpg 800w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-80x120.jpg 80w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-53x80.jpg 53w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-73x109.jpg 73w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-620x930.jpg 620w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami-850x1275.jpg 850w, https:\/\/media.arizonafoothillsmagazine.com\/in-house\/wp-content\/uploads\/2020\/06\/25141923\/Frank-Aazami.jpg 1000w\" ><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-normal-font-size\">Contact Frank Aazami for a direct link for the list of homes in review. <\/p>\n\n\n\n<p class=\"has-text-align-left has-normal-font-size\">To schedule a consultation with him at RLSIR&nbsp;Brand&nbsp;Ambassador, call 480.266.0240, text \u201cSIRFAAZAMI\u201d to 87778 or email <a href=\"mailto:frank@pcgAgents.com\">frank@PCGagents.com<\/a> <a href=\"http:\/\/privateclientgroupagents.com\/\">PCGagents.com<\/a>.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"Russ Lyon Sotheby&#8217;s International Realty summarizes the first six months of 2020&#8217;s real-estate market here in the Phoenix Valley. \n","protected":false},"author":17,"featured_media":8561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[2239,3528,3507,2277,2374,4491,3917,2273,1663,168,3259,2820,174],"class_list":{"0":"post-8558","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-in-house-news","8":"tag-arizona-real-estate","9":"tag-current-real-estate-market","10":"tag-paradise-valley-luxury-home","11":"tag-paradise-valley-real-estate","12":"tag-phoenix-home","13":"tag-phoenix-luxury-home-report","14":"tag-phoenix-luxury-real-estate","15":"tag-phoenix-real-estate","16":"tag-real-estate","17":"tag-russ-lyon-realty","18":"tag-russ-lyon-sothebys-international-realty","19":"tag-scottsdale-luxury-home","20":"tag-scottsdale-real-estate","21":"cs-entry","22":"cs-video-wrap"},"yoast_head":"<!-- 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