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THE GRIMALDO GROUP BLOG

Wednesday, June 9, 2021   /   by Juan Grimaldo

Scottsdale homebuilder pays $36M for vacant parcel in Mesa

Shea Homes just paid $36.48 million in cash for land in Mesa just south of the popular Cadence at Gateway master-planned community, with plans to build nearly 700 homes.
Plans call for developing the community in two phases, said Dave Garcia, vice president of land acquisitions and development for the Scottsdale-based homebuilder.
"We are in the process right now of working through the preliminary plat and eventually the final plat for the first phase," Garcia said. "We are hoping to be open for sales in the third quarter of 2022."
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By Angela Gonzales, Senior Reporter - Phoenix Business Journal ...

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Tuesday, June 8, 2021   /   by Juan Grimaldo

Arizona's largest health system hiring 800 amid nursing shortage

Phoenix-based Banner Health is in immediate need of 800 new employees at its health facilities across Arizona — at a time when the nursing shortage continues to worsen.
The primary position needs are registered nurses, certified nursing assistants, housekeeping/environmental services, culinary services and medical imaging, said Jami Allred, vice president of talent acquisition and diversity.
With nurses representing the largest group of employees within the nonprofit health system, it's also the largest vacancy across the board, she said.
"It is at an all-time high for us," Allred said.
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By Angela Gonzales, Senior Reporter - Phoenix Business Journal ...

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Tuesday, June 8, 2021   /   by Juan Grimaldo

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price


For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking.
Today is different.
The record-low supply of homes for sale coupled with very strong buyer demand is leading to a rise in bidding wars on many homes. Because of this, homes today often sell for more than the list price. In some cases, they sell for a lot more.
According to&n ...

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Monday, June 7, 2021   /   by Juan Grimaldo

Why You May Want To Cash in on Your Second Home

Why You May Want To Cash in on Your Second Home


When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.
Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:

FHFA Agency House Price Index shows a 13.9% increase
CoreLogic Home Price Insights Report shows an 11.3% increase
S&P Case-Shiller U.S. National Home Price Index shows a 13.2% increase

Prices increased by double digits ...

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Monday, June 7, 2021   /   by Juan Grimaldo

Real estate investment joint venture acquires Vistancia master-planned community in Peoria

Two giant real estate investment firms are partnering to buy the balance of Vistancia, a 7,100-acre master-planned community in Peoria.
Newport Beach, California-based IHP Capital Partners teamed up with Minneapolis-based Varde Partners to acquire the remaining 3,721 acres of land for development within Vistancia, which includes all 3,300 entitled residential dwelling units within the Northpointe at Vistancia community and 370 acres of commercial mixed-use development.
While this is IHP Capital Partners' first land acquisition in Arizona, Varde Partners has other investments here, said Richard Whiteley, co-president and COO at IHP Capital Partners.
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By Angela Gonzales, Senior Reporter - Phoenix Business Journal ...

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Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. June 19, 2021
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