Global Luxury Real Estate Report
Watching the World Series between the Chicago Cubs and Cleveland Indians, there is one thing I’m profoundly aware of as a Paradise Valley resident- those fans sure do look cold! The second game of the series was played at a brisk 44 degrees in Ohio, meanwhile, those of us in the Valley of the Sun are still spending our evenings on patios with arms exposed to the dry desert breeze.
But weather is just one of many reasons why Paradise Valley and Scottsdale should be high on your list for where to purchase a luxury home. This Phoenix-area enclave checks all the boxes for what luxury buyers are looking for.
The Global Luxury Real Estate Report recently surveyed the top echelons of society and found some profound trends. The first being that 25% of the world’s wealthy are looking to buy a new home in the next three years. The rebounding economy means there is a lot of disposable income to be spent on pied à terres or new primary residences.
Additionally, the survey found that the wish lists of the wealthy is a perfect match for Paradise Valley. Top selling points include:
- Privacy
with a minimum of 1-acre lots, Paradise Valley has countless secluded enclaves ready for purchase.
- Master bedroom with luxury en suite
I found it interesting that the preference for master bedrooms with en suite luxury bathroom was at the top of the list for the Global Luxury Real Estate Report. I feel this feature is simply a given in the luxury market! However, Paradise Valley takes these features to the next level. Spacious master bedrooms featuring such amenities as his and hers walk in closets, his and hers master bathrooms, and exquisite artisan details are the norm in Paradise Valley. Additionally, many of the homes feature en suite bathrooms for all the secondary rooms.
- Energy efficiency and environmental design
Being the valley of the sun, Paradise Valley is a premier location for solar power. The town’s preference for broad, single-story homes, also provides for excellent roofs for solar. Additionally, dual or triple-pane windows, tankless water heaters, and smart technologies such as automated shades, allow many valley homes to be very energy efficient.
The values keep going. Paradise Valley boasts close proximity to shops, restaurants and the cultural attractions of Downtown Phoenix. It is a 20-minute drive to Scottsdale Airport, a favorite place for private jets. Golf, hiking and other outdoor activities are plentiful, which is excellent given the area’s 296 days of sun a year. Next time you are in the area, let me show you around- I’m sure I’ll have something that suits all of your needs.
