Sandra Wilken Luxury Properties grows as Valley real estate market prepares for comeback.
The real estate market in the Paradise Valley area is experiencing an increase in business and activity. According to The Cromford Report, Paradise Valley’s home inventory has decreased, which means more homes are being sold and monthly sales are continuing to rise. In fact, the annual change in sales in Paradise Valley and the Scottsdale area has increased by nine percent and 11 percent, respectively.
Due to this recent market success, Scottsdale-based Sandra Wilken Luxury Properties (SWLP) will launch a new division, Paradise Valley Premier Properties. This division will focus on buying and selling homes in Paradise Valley, the state’s most affluent town.
“Since the first of the year, we’ve already seen a significant uptick in buyers and sellers,” says Sandra Wilken, president and designated broker of SWLP, “and we’re gearing up for the rise in activity.”
This new division has also created a partnership with Bedbrock Developers and its PV Design Center, located in the heart of Paradise Valley, to offer clients and the general public a one-stop-shop for new construction and remodeling needs.
In the past five months, SWLP has increased its total transactions and new business acquisition by 30 percent.
“The town has always been unique with its central location in the heart of Phoenix surrounded by Camelback and Mummy mountains,” Wilken says. “We are starting to see an increased demand for homes in the area within all price ranges, and the inventory is at a low not seen in the past 10 years.”
With the new division, six new staff members were recently added. And, with the increase in demand, the firm is also looking to add at least three additional Realtors to its team of 15, specifically with experience in the $1M and above price range.
“We want to be in a position to take advantage of the market comeback,” Wilken says. “It hasn’t been this exciting to buy and sell in Paradise Valley in a long time.”