7454 N Secret Canyon, the 2009 built spec home that once upon a time was listed for a cool $5 mil, but went nowhere – was listed by mr lender in mid November for $2,120,145 – is now (already) in contract. Pretty quick, especially if you consider that mid November marked the beginning of the holidays. (listed by Toma Partners)
A very good deal in my opinion, I showed to two buyers but, good deal or not, it wasn’t for them.
And I have it on good authority that there are 6 offers (yes, s-i-x) sitting on mr lenders desk awaiting his decision as to which lucky bidder gets the keys to 7827 N Ancient Indian Drive in Pima Canyon. And that at least one of them is over list price. And just think, just 18 months ago Ancient Indian was a fresh new listing looking for $3,750,000 – which of course went nowhere - and when it resurfaced as a foreclosure it was at $1,855,000 – which I never thought would fly either, because it needed way too much work. But in late November, when it got down to $1,216,000 ($183sf) (68% less than originally listed for), I wrote - There’s some work to be done in there- some damage & missing parts here and there - but at this price I think they’ve taken that into consideration. And for once someone agreed with me.
(listed by Win3 Realty)
And word is that Javelina Drive - the 11,000 sf Skyline Country Club manse that, after plugging away for like 7 years at $4.9 and thereabouts and finally fell to foreclosure early this month and was listed for $2.2 ($201/sf) – is about to ink a deal, after just 3 weeks. I wrote about it when it was listed as a foreclosure > the return of Javelina Drive (listed by Santa Maria Realty)
And yet another high-end foreclosure that I can’t identify at this time because I’m representing the buyer, or one of the buyers, is about to get an offer from us and another offer from someone else. So two offers for a home listed at more than $1.5mil. We’ll see.
And though it doesn’t quite qualify, because it’s not a foreclosure, 4332 E Playa De Coronado is a short sale and it sold today for $1,100,000 ($232/sf), off a $1,249,000 list price, after starting out last April as a nice normal sale at $1,749,000. (listed by Long Realty)
Think about this, if 7827 Ancient Indian, Javelina Drive and the unnamed foreclosure all go to contract – which does not seem unlikely – there will be no foreclosures listed for sale in the foothills at million $$ or more. None, at least for now anyway.
And the AZ Star article, Unsold Mansions, is still not available online. So no wonder it’s a falling Star. I did however get a hard copy of it and it’s a good article. I like it. Well, because it’s almost exactly what I’ve been saying for the past 2 1/2 years.
But I wonder, what does it portend that the Star has just now finally gotten around to reporting on the demise of the upper end market. hmm
see thefoothillsToday.com
to find your Foothills home
