Instant Reaction: April Jobs Report

Interest-rates

The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s U.S. Bureau of Labor Statistics jobs report for April:

“This good jobs report for April should dispel any notion of a potential economic recession. Moreover, the continuing low levels of people filing for unemployment checks, as well as the high numbers of job openings, do point towards further job additions in upcoming months. The Federal Reserve will surely raise interest rates two more times before the year ends. The rate hikes are due to continuous improvement in economic conditions.”

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6109 E Maverick Road Paradise Valley, AZ 85253

$18,495,000
6 Beds
8 Baths
11,965 SqFt
Status Active
MLS # 6648639
Property Type Single Family Residence
Price Type --
Nova is the first of 9 showcase homes in the exclusive neighborhood of Silver Sky set to begin construction Spring 2024. This 11,965 sq/ft, 5-car garage estate emerges from the gifted hands of architect Stratton Andrews. A Nova describes a celestial phenomenon where a star bursts into brilliance, illuminating the night sky with newfound radiance. This award-winning home was named as a testament to Stratton Andrew's meteoric rise in the world of architecture. Having already won Best in American Living 2023, this estate blends classic European charm with modern design and luxury. The privately gated entrance opens to an expansive courtyard providing a full view of this captivating estate. Boasting floor-to-ceiling Euroline steel windows with thin sightlines and a natural stone façade placed this home exudes a classic European charm. The outdoor oasis wraps into the backyard showcasing a resort-like pool and spa, outdoor kitchen, and lush landscaping designed by Jeff Berghoff, this stunning estate even includes a standard-size pickleball court. The interiors maintain a timeless approach using soft, natural stone and wood tones while tying in cutting-edge technology and modern features. The 10,980 sq/ft main home and 985 sq/ft separate guest house have been completely designed by Holly Wright Designs. To be constructed with all steel framing and appointed with only the highest of finishes the builder is sparing no expense. Features include Wolf Sub-Zero appliances, waterwork fixtures, wide-width European white-oak wood flooring, along with detailed millwork and stone throughout the home. Every detail has been planned with the lighting specifications and elements designed by award-winning designer Walter Spitz. Nestled among 11 other brand new, award-winning estates, including 3 custom builds and 8 Showcase homes, Nova is part of the exclusive Silver Sky community. A community consisting of privately gated, single level homes with a minimum of 6500 sq/ft. ensuring endless views, privacy, and the unparalleled size and sophistication of a luxury new community. Experience what you have earned and join an exclusive group of discerning buyers that cherish the finer things in life.

20567 N 112th Street Scottsdale, AZ 85255

$18,250,000
6 Beds
8.5 Baths
13,272 SqFt
Status Active
MLS # 6612852
Property Type Single Family Residence
Price Type --
Transfer of a SILVERLEAF GOLF MEMBERSHIP available. Nestled within the prestigious Silverleaf community's Upper Canyon, this magnificent Mediterranean Estate is a testament to extraordinary craftsmanship and design. Spanning an impressive 13,272 square feet, this residence offers unrivaled vistas of the cityscape, mesmerizing sunsets, and the majestic mountains of Scottsdale, Arizona. Crafted through a seamless collaboration between the visionary Mark Candelaria of Candelaria Design, the master builder John Schultz of Schultz Development, and the renowned interior designer Isabel Dellinger Candelaria of Earth and Images, this home radiates elegance at every turn. The result is a sophisticated sanctuary, decorated with the finest luxury finishes and meticulous attention to detail. The thoughtfully designed great room floor plan provides a harmonious flow, separating the principal suite from the guest wing of the home with a private entrance hosts five generously appointed en-suite guest rooms, each boasting king-sized accommodations. This layout offers both privacy and comfort for residents and guests alike. Step outside to discover a breathtaking outdoor oasis, featuring a captivating negative edge pool, a generous spa for ultimate relaxation, and multiple inviting seating areas set amidst flawlessly manicured gardens. This al fresco retreat is an idyllic backdrop for intimate gatherings or grand-scale entertaining. Embodying the pinnacle of architectural excellence in the esteemed Silverleaf community, this Mediterranean Estate offers an unparalleled lifestyle of luxuriousness, elevated by its breathtaking natural surroundings. This is a residence that redefines luxury living in Scottsdale, Arizona. Silverleaf, located in North Scottsdale, Arizona, is a prestigious guard gated community known for its luxurious estates, exclusive golf courses, private Club and stunning desert landscapes. The Tom Weiskopf-designed Silverleaf Golf Course is a highlight for golf enthusiasts. With a blend of Spanish and Mediterranean-inspired architecture, the community offers a high standard of living, including upscale amenities like spas, fine dining, and exclusive shopping. Residents enjoy a harmonious balance between modern luxury and the natural beauty of the desert environment, making Silverleaf a sought-after destination for those seeking an exceptional lifestyle in North Scottsdale.

7256 N 40th Street Paradise Valley, AZ 85253

$17,800,000
5 Beds
6 Baths
10,170 SqFt
Status Active
MLS # 6642559
Property Type Single Family Residence
Price Type --
Crown Canyon presents Amber, a Swaback Architects masterpiece to be built by BedBrock Developers. Nestled into the canyon while spanning a desert wash, this home embraces adjacent boulder formations of the canyon with significant views of Camelback Mountain from the heart of the home. Saguaro soldiers welcome you to this one-of-a-kind home that draws its inspiration from the surrounding natural mountain preserve. Dramatic rooflines frame this modern glass and steel estate with 3 masterful floating glass bridges connecting the master suite. Oversized windows and pocket doors throughout the estate showcase the pristine desert surroundings while maximizing the indoor-outdoor living experience. We welcome you to experience the timeless luxury and privacy that the Amber estate has to offer.

5815 N Palo Cristi Road Paradise Valley, AZ 85253

$17,160,000
6 Beds
6.5 Baths
8,800 SqFt
Status Active
MLS # 6525448
Property Type Single Family Residence
Price Type --
NOW UNDER CONSTRUCTION Staring at Camelback this sensational lot is the site of a 6 bedroom 12546 sq ft new home built, incredible interior design by Ownby Design. Landscape and water features by Desert Foothills. This is a WOW. Transitional luxury accommodations included during build. May also be sold with adjoining parcel(s) at 5835 N Palo Cristi and 3627 E Bethany Home.

5625 N Wilkinson Road Paradise Valley, AZ 85253

$16,988,888
7 Beds
7.5 Baths
9,470 SqFt
Status Active
MLS # 6679929
Property Type Single Family Residence
Price Type --
Welcome to the ultimate sanctuary, the Wilkinson Estate. Crafted by Patterson Homes & Grey Collective, this 1.2-acre ultra-private estate features a stunning transitional design. The main residence features 5 sophisticated beds & 5.5 baths, complimented by a detached 2-bed 2-bath casita. The grand living area opens to a resort-like backyard, featuring a lavish outdoor kitchen, pool cabana, & bocce ball court, with expansive covered patios. Inside, the bespoke kitchen is equipped with Miele appliances & elegant Shinnoki cabinetry. Spa-like bathrooms offer a tranquil escape, enhancing the serene ambiance of the home. Elevating the luxury, a state-of-the-art home theater provides an unparalleled cinematic experience, & full home Control-4 automation ensures comfort at the touch of a button.

6123 E Ironwood Drive Paradise Valley, AZ 85253

$16,495,000
4 Beds
6 Baths
9,444 SqFt
Status Active
MLS # 6648642
Property Type Single Family Residence
Price Type --
Coming to life at the base of Mummy Mountain, Silver Sky presents ''Aquarius,'' a remarkable steel-framed 9,444 sqft estate designed by Drewett Works, set to begin construction in Spring 2024. Inspired by the tranquility of resort-style coastal towns, Aquarius is named for its captivating water features. Expansive floor-to-ceiling European glass doors that pocket into the walls, completely open the living spaces to a central zero-edge pool and spa that move under roof creating an oasis within this estate. This privately gated 1.32-acre estate boasts oak wood flooring throughout and a continuous entertaining space across the kitchen, dining, and living that connects directly to the intimate courtyard entrance. The entertainers kitchen is equipped with Wolf and Subzero appliances with a large back chef's kitchen featuring dornbracht fixtures and Wolf appliances. The great room showcases a stunning floor to ceiling, temperature-controlled wine wall holding over 300 bottles of wine, crafted with natural cobblestone and millwork. Adding to the great room opulence are 17' Panoramah structural glass automated sliders that with a touch of a button, this technological marvel opens to reveal a covered patio, seamlessly merging the indoor and outdoor spaces. The residence also includes a spacious office, a gym, a steam shower and sauna, four-car garage, and a guest suite with private entrance. Two additional large bedrooms come with ensuite baths, ensuring privacy and comfort. Designed to truly maximize an indoor-outdoor living experience, Aquarius is highlighted by a breathtaking rooftop open living space with a bathroom and bar offering panoramic views of Paradise Valley. Off the downstairs lounge sits an indoor/outdoor bar and secluded backyard with a fire pit to further enhance the outdoor ambiance. Crafted with meticulous detail with interiors by Ownby Design, lighting by Creative Designs in Lighting, landscaped by Berghoff Design Group, and built by Arcadia Custom Builders, Aquarius is more than a home - it's a masterpiece of craftsmanship waiting to be unveiled. The developers left no details behind including solar ready engineering, Lutron lighting system, and automated window coverings throughout, along with so much more. Nestled among 11 other brand new, award-winning estates, including 3 custom builds and 8 Showcase homes, Aquarius is part of the exclusive Silver Sky community. A community consisting of privately gated, single level homes ensuring endless views, privacy, and the unparalleled size and sophistication of a luxury new community. Create your sanctuary and join an exclusive group of discerning buyers that cherish the finer things in life.

7140 N 40th Street Paradise Valley, AZ 85253

$16,200,000
4 Beds
6 Baths
8,132 SqFt
Status Active
MLS # 6672341
Property Type Single Family Residence
Price Type --
MOVE-IN READY JAN'25! Discover unparalleled privacy and serenity with the Jade residence in Crown Canyon, Arizona's most exclusive gated community. This award-winning BedBrock ultra luxury home with architect CP Drewett and interior designer Mara Green is a true masterpiece. Its distinctive Frank Lloyd Wright inspired triangular form features primary living on the main level with soaring 19-foot ceilings that ascend to an impressive 24 feet encapsulated in glass. A grand staircase, or elevator for ease, takes you to the lower level with two secondary en-suite bedrooms, an oversized game/family room complete with a bar, and a separate fitness room. A detached casita perched above the four-car garage rests seamlessly on the hillside, offering a private retreat for guests. Sprawling outdoor decks, fireplaces and an outdoor kitchen surround the infinity pool and spa capturing 250 degree views of the raw desert landscape. This one-of-a-kind home is customized with premium materials and appliances, showcasing a steel construction and meticulous attention to detail throughout.

7150 N 40th Street Paradise Valley, AZ 85253

$15,900,000
5 Beds
6.5 Baths
9,333 SqFt
Status Active
MLS # 6641496
Property Type Single Family Residence
Price Type --
Ruby's organic design nestles harmoniously into the north facing slope of this breathtaking two-acre parcel. This private elevated basin is one of the premiere lots in the development, with both framed canyon views and distant vistas of Paradise Valley. This project embodies southwestern contemporary design with an organic stone plinth that grounds the program into the hillside. Horizontal steel blades cantilevering out above the desert floor below provide shade in the harsh climate while maximizing indoor and outdoor living. The palette draws warmth from the canyon geology, allowing the project to blend harmoniously with the pristine desert. The design amplifies and channels views from all spaces while providing an impressive 7 show car garage concealed into the stone plinth with oversized pocket doors that enrich the organic design. This set the stage for the sensational two-story glass atrium with floating stairs, double height pivot door, and a floating bridge which takes you to your private master suite, featuring exercise / spa area, office, laundry room, master closet and two water closets. The core of the living and entertainment space are situated on the western wing, capturing desert sunrise views and allowing for seamless flow to the elevated outdoor terrace and pool deck. Enjoy everyday living on top of the world. *This home won a Best in American Living Award 2021. Recognized as one of the premier home design-build awards in America.

7720 N Foothill Drive Paradise Valley, AZ 85253

$15,750,000
5 Beds
6.5 Baths
8,790 SqFt
Status Active
MLS # 6583700
Property Type Single Family Residence
Price Type --
****Project has PV Hillside Approval - Building Permit coming in Feb 2024**** ****Separate Guest Quarters - 1,300 Sq.Ft.**** ****Main Living Area - 5,890 **** ****Floor Plan in Doc Section**** Exceptional Spec being built on the NE Slope of Mummy Mountain. Bottom level - 6 Car Garage, Wine Cellar, Safe/Gun Room, Dumb Waiter to Kitchen, Separate Entrance to Guest Quarters, Staging area for parties, and an additional bedroom.

4556 N 56th Street Phoenix, AZ 85018

$15,650,000
6 Beds
6.5 Baths
6,403 SqFt
Status Active
MLS # 6674236
Property Type Single Family Residence
Price Type --
On seven subdividable acres, zoned R-35, this estate at the base of Camelback Mountain provides a unique sense of living in the country in the natural desert in a stunningly beautiful house combining the best of 1928 architectural style with a modern floor plan and amenities. The home has won awards and been featured in national magazines. In addition to exceptional mountain and city light views and privacy, the acreage enables future buyers to create whatever features they may personally desire, together with the ability to hold prime land for investment and future development. There simply are no remaining lots of this size in Arcadia or at the base of Camelback Mountain. This will be the second time the property has changed hands in eighty years - a once in a generation opportunity. The main house features wood paneled arched entryways, smooth plaster walls, and a wrap-around screened patio with scored concrete flooring, all fine examples of the home's enchanted past. Modern features include a beautiful eat-in kitchen with custom cabinetry, granite countertops, and professional quality appliances. Additionally, en-suite bedrooms with elegantly appointed bathrooms; hardwood and stone flooring; original masonry fireplaces with gas starters and a large family room opening to the kitchen, make this a comfortable modern home. Outside is a private, quiet oasis with acres of natural desert as well as curated cacti gardens, vegetable gardens, fruit trees, a rose garden, and a formal grassy yard leading to a stone encompassed diving pool. Stone patios can be found in numerous locations around the main house. There is a tennis court and a rooftop observation deck capturing 360 degree views. The separate guesthouse/caretakers house echoes the style and detail of the main house and includes its own bedroom and bathroom, living room, kitchen, screened patio, and enclosed garage. Arizona architecture and living at its best. Property is comprised of three parcels; #172-23-046A, 172-23-042, 172-23-040; ownership of parcel #172-23-046A in an undivided half interest

4510 E Maderos Del Cuenta Drive Paradise Valley, AZ 85253

$15,000,000
4 Beds
4.5 Baths
5,470 SqFt
Status Active
MLS # 6651977
Property Type Single Family Residence
Price Type --
Nestled in a secluded cul-de-sac on a naturally elevated acre, this brand-new construction, built by Arcadia Custom Builders with all-steel framing, has four en-suite bedrooms with a separate den and a gym. Carefully sited by Urban Design Associates, the home showcases views of the Camelback Mountain, Phoenix Mountain Preserve, and Mummy Mountain. On the exterior, the combination of stone, low-maintenance stucco, and large picture windows merge with the surrounding natural beauty and landscape by Berghoff Design Associates. Carefully curated by Wolfe Studios drawing on European minimalism, the combinations of limestone, plaster walls, Calacatta Viola marble, and stunning light fixtures transform this home into a space of refinement, a testament to the pursuit of perfection.

6721 E Mockingbird Lane Paradise Valley, AZ 85253

$15,000,000
5 Beds
5.5 Baths
8,552 SqFt
Status Active
MLS # 6681802
Property Type Single Family Residence
Price Type --
A countryside hacienda in the heart of Paradise Valley! Discover this exquisite, 4 plus acre Paradise Valley estate that pays homage to Southwestern design through its meticulous architectural details. The term ''one-of-a-kind'' has never meant so much. Every room immerses you in a rich cultural tapestry as modern comforts combine with an incredible assortment of artifacts, including donated wooden beams from the Hopi Nation and re-purposed remnants from a 15th century Spanish Mission. Indulge in secluded luxury within the spacious primary suite, featuring a separate seating area, charming kiva fireplace, and captivating sunset views of the McDowell Mountains out beyond the pool/grotto. The main residence offers 4 bedrooms and 4.5 baths, adorned with original wide plank, antique pine flooring and a stone wine cellar, while an unfinished basement beckons your customization. Additionally, a separate casita awaits, complete with a full kitchen, bedroom, living room, and bathroom, ensuring your guests' privacy and comfort. The estate also includes a lovingly preserved, early 20th century 8 stall barn that is perfect as a workshop, artist's studio, or stable. With 2 two-car garages and ample on-premises parking, ease for residents and guests alike is assured. Don't miss the chance to own a piece of history - schedule your private tour today and experience the timeless allure of this hidden oasis. This one of a kind property boasts separate parcel numbers for each acre, ensuring both privacy and potential.

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