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Trends, takeaways and telling it like it is in the Arizona luxury housing game

A photo of Arizona Luxury Housing
In some pockets of Phoenix, Arizona luxury housing is sold at rates eclipsing $1,000 per square foot meanwhile some areas have seen rates as high as $1,755 per square foot in places like the Town of Paradise Valley, Scottsdale, Fountain Hills and in certain enclaves of Phoenix. (File Photos/DigitalFreePress.com)
Frank Aazami: Arizona luxury housing game plays by a set of its own rules
By Terrance Thornton | Digital Free Press

Some might tell you value is found in the price you pay for something — but if you were to ask Frank Aazami where the value of a luxury home can be found — he will emphatically tell you it is found in the details, finishes and southwestern definition of space.

In some pockets of the Phoenix metropolitan area brick-and-mortar is sold at rates eclipsing $1,000 per square foot meanwhile some properties have seen rates as high as $1,755 per square foot in places like the Town of Paradise Valley, Scottsdale, Fountain Hills and certain enclaves of the city of Phoenix.

Highend luxury homes here in the Valley are trading regularly over $1,000 per square foot,” Mr. Aazami told the Arizona Digital Free Press earlier this week. “I have seen as high as $1,755 per square foot when the build is unique, new and never lived in. The build has to be built to the absolute nines with custom interiors and appliances.”

Welcome to the world of Arizona luxury housing in the Valley of the Sun where the characteristics of a luxury home — a price point $800,000 or better — continue to sprout from the shores of Lake Pleasant to the rustled dirt of the Queen Creek Equestrian Center.

Frank Aazami, principal at The Private Client Group at Russ Lyon Sotheby’s International Realty, knows luxury real estate.

“There are many different styles of architecture and interior design, and what is considered ‘trendy’ can vary depending on the location,” Mr. Aazami explained of the factors at play. “For example, modern and minimalist styles are popular in many urban areas, while rustic and traditional styles are more common in rural areas. Furthermore, the location of a building can also affect its style and design.”

A view of Old Town Scottsdale and pieces of the Town of Paradise Valley part of the Phoenix metropolitan area. (File Photos/DigitalFreePress.com)
Frank Aazami: Arizona luxury housing game plays by a set of its own rules

In the Phoenix metropolitan area style and design of luxury single-family homes illustrate the Sonoran Desert at nearly every corner of the Valley, Mr. Aazami explains.

“The supply and demand for housing can also affect the styles and trends in architecture and interior design. For example, in areas with a high demand for housing, developers may build more modern and high-tech buildings, while in areas with a lower demand, developers may build more traditional or affordable housing,” he said.

“Better architecture can improve the quality of life for residents by providing more comfortable and functional spaces. It can also make a city or town more attractive and livable.”

Mr. Aazami says as with many things in life the ability to listen pays dividend when dealing with patrons of exquisite private property.

“There are opportunities to lean what’s in demand — the differences in material grades and construction quality,” Mr. Aazami said of the information gained by the ardent listener absent from the marketplace today. “Understand the differences between operating costs help to determine value at the this level of price point. At the Private Client group we typically pay for ourselves and net our clients the best value through the appropriate price.”

However, Mr. Aazami says too many Realtors are eager for the sale first and willing to compromise everywhere else.

“A real challenge in our space is there are too many licensees with none of these experiences so the only value they can offer is lowering their compensation,” he said pointing out the practices may create economic activity but devalues the business practice. “Truly interested clients considering a major purchase ought to consult with a professional who is well versed and most respected both locally and internationally, because we will save you money, improve the experience and execute as one may have it contemplated.”

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