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Paradise Valley’s ultra-luxury market heats up with new $11.5M estate

by Admin
Cambridge Properties
August 16, 2025

Construction is nearly finished on a luxury estate in Paradise Valley coming on the market within the next couple of weeks — to be listed at $11.5 million. The front yard landscaping is all that's waiting to be completed on a 7,781-square foot estate that Vasbinder Development and The Irvine Asset Group are building on a 1.13-acre lot at 5120 N. Casa Blanca Drive, said Andrew Beardsley, partner with Silverleaf Realty and listing agent for the property. The residence was built by...

A return to sanity in the Phoenix housing market

by Admin
Cambridge Properties
July 10, 2025

It’s been an emotional ride in the Phoenix real estate scene. For the better part of the last five years, we’ve been living in a high-stakes game where sellers held all the cards and buyers were left scrambling, often competing for the same home in bidding wars that pushed offers well over the asking price. Home inspections were waived, contingencies tossed aside, and the idea of negotiating was practically off the table. But lately, the tide has shifted, and that’s not...

Water is for fighting, but it doesn’t need to be — why I think Arizona has it covered

by Admin
Cambridge Properties
May 8, 2025

Source: Phoenix Independent During more than a quarter of a century of helping people buy and sell homes in Arizona, there has only been one topic that has been a constant source of conversation. I have seen people leave Arizona over it and I have witnessed others pass up lucrative jobs offers here because of it. That topic is water. As the saying goes, “whiskey is for drinking; water is for fighting.” And there has been plenty of fighting about water. Nothing is...

Phoenix housing market softens as spring selling season fails to ignite

by Admin
Cambridge Properties
April 29, 2025

Source: Phoenix Business Journal The housing market in metro Phoenix is softening at a time when the spring selling season is usually robust. "The market is feeling softer and softer, with many properly priced homes sitting unsold and with very few showings," said Greg Hague, CEO of Scottsdale-based 72Sold. In fact, said Chris Morrison, founding partner at Retsy | Forbes Global Properties, a 10-year high in inventory is creating a market that buyers have been clamoring for — despite the 7% mortgage interest...

Tariffs could bump up home prices by $10K in metro Phoenix

by Admin
Cambridge Properties
April 7, 2025

Source: Phoenix Business Journal Homebuilders are expecting tariffs on certain construction materials to impact their costs. While the effects won't be immediate, price increases could come soon. Homes currently under construction are being built with materials purchased before tariffs kicked in, said Ken Peterson, vice president of sales and marketing for Shea Homes Arizona. Peterson is expecting tariffs to eventually add $1.50 to $2 a square foot to Shea Homes houses it builds, for a total increase of anywhere between $8,000 and $10,000. "Today,...

Keith Mishkin on top of the world, closing on $2B in home sales

by Admin
Cambridge Properties
April 1, 2025

Keith Mishkin is on top of the world. The president and broker of Scottsdale-based Cambridge Properties is celebrating the Phoenix brokerage's 30th anniversary at a time when it has closed over $2 billion in home sales in metro Phoenix since inception. When Mishkin and his brother Cory were growing up, their late father, Alan Mishkin, was one of the most prolific developers in Arizona, previously owning the Biltmore Golf Club and the Scottsdale Country Club. While the brothers spent numerous hours working with...

Nimble homebuilders shun the sprawl, search for infill gems within Valley cities

by Admin
Cambridge Properties
March 31, 2025

Source: Phoenix Business Journal Density is the magic word for a growing number of homebuilders who are scouring metro Phoenix for small parcels of land on which to build boutique communities. For example, Encanto Living and Tidestone Partners just opened Encanto at Bell Park, an infill community of 35 homes on 2.5 acres of land at 12th Street and Bell Road in Phoenix. With floor plans ranging from 1,323 to 1,912 square feet, prices start in the $400,000s, said Keith Mishkin, CEO and...

New infill community brings 35 colorful homes to Phoenix

by Admin
Cambridge Properties, Residential Real Estate
March 11, 2025

A new Phoenix infill community with brightly colored houses starting in the $400,000s is going up at 12th Street and Bell Road. Called Encanto at Bell Park, the de­velopment will have 35 houses ranging in size from 1,323 to 1,912 square feet. Prices will go up to $600,000 for the houses with small, landscaped yards. Construction has already started on the homes that come in eight different colors. "We focused on walkability and en­try-level housing for young profession­als and recent...