Tag Archives: walt danley

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Danley Ranked No. 1 Selling Agent in Arizona

Walt Danley ranked as the No. 1 selling real estate agent in Arizona by sales volume, according to the REAL Trends “The Thousand: 2014 Top 1,000 Real Estate Professionals.” The list was published in The Wall Street Journal on June 27, 2014.

Danley is ranked No. 30 in the U.S. for individual sales volume, having sold $167,105,094 in residential real estate in 2013. “The Thousand” list is comprised of third-party data and honors the top one thousand real estate professionals and teams in the nation.

Walt Danley is the president and namesake of Walt Danley Realty, a Scottsdale-based luxury residential real estate brokerage. The firm is Arizona’s affiliate of Christie’s International Real Estate and boasts the largest inventory of million-dollar estates within Arizona. Danley has sold nearly $3 billion during his 37-year real estate career, and has been ranked in the top one percent of real estate agents nationally every year since 1977.

“The secret to successful real estate transacting is conducting business with integrity, building strong personal relationships, and leveraging the strengths of your team,” said Walt Danley, president of Walt Danley Realty. “I am honored to work alongside a team of the most skilled real estate professionals with vast expertise, market knowledge and creative ideas.”

Walt Danley Realty represents luxury homebuyers and sellers in the Northeast Valley of Phoenix including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree. Walt Danley Realty is located at 6720 N. Scottsdale Rd., #140, Paradise Valley, AZ 85253. For more information, visit www.waltdanley.com.

housing.prices

WSJ Ranks Danley as Top Arizona Realtor

The Wall Street Journal and REAL Trends, Inc. rank Walt Danley as the top selling real estate agent in Arizona, according to its “The Thousand: 2013 Top 1,000 Real Estate Professionals” list released June 28, 2013. Danley is ranked No. 37 in the U.S. for individual sales volume, having sold more than $137.7 million in residential real estate in 2012. “The Thousand” list is comprised of third-party data and honors the top 1,000 real estate professionals and teams in the nation.

Walt Danley is the president and namesake of Scottsdale-based luxury residential real estate brokerage, Walt Danley Realty. The firm is Arizona’s affiliate of Christie’s International Real Estate and boasts the largest inventory of million-dollar estates within Arizona. Danley has sold more than $2.5 billion during his over 35-year career, and has been ranked in the top one percent of real estate agents nationally every year since 1977.

“Being listed amongst the top real estate agents in the nation is an honor and very humbling,” states Danley. When asked what advice he would give an agent entering the luxury real estate arena, Danley comments, “Operate your business with integrity, market knowledge, old-fashioned hard work and truly understand the needs of your client.”

Walt Danley Realty represents luxury homebuyers and sellers in the Northeast Valley of Phoenix including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree. Walt Danley Realty is located at 6720 N. Scottsdale Rd., #140, Paradise Valley, AZ 85253. For more information, call (480) 991-2050 or visit www.waltdanley.com.

Luxury Home - AZ Business Magazine November 2008

Luxury market sees 54% drop in short sales

This summary looks at single family homes over $500,000 in all areas of the Northeast Valley, including Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek and Carefree.

SUPPLY

The supply of active listings offered for sale as of May 1 is 2,222 down 2% from last month and comprising 2,122 normal (down 2%), 83 short sales (down 8%) and 17 lender-owned (up 31%). Last year on the same date we had 2,017, with 1,803 normal, 179 short sales and 35 lender-owned. So supply is 10% higher than last year, with more sellers encouraged by the improvement in the market. Homes in distress have declined significantly over the last year with short sales down by 54% and lender-owned homes down by 51%. 2,222 luxury home listings remains a sufficient supply to satisfy the present number of buyers and the market remains fairly balanced, without the chronic shortages of supply which have been affecting prices at the low end of the market. For homes priced over $2,000,000 there are 454 active listings, down 8 from last month but 3% higher than the 439 we measured last year. This higher priced sector has more plentiful supply than the lower priced ranges. However this year there are only 2 lender-owned home and 5 short sales over $2,000,000, down from 5 and 13 on May 1, 2012.

DEMAND – SALES

There were 354 sales closed though ARMLS in April, up 16% from the 305 reported in March, and up a strong 31% from the 271 we saw in April 2012. Since last December sales numbers have been getting increasingly impressive and this was the strongest April for sales over $500,000 that we have seen since 2007, when there were also 354 sales. There were 7 sales over $3,000,000 compared with 8 in April 2012, and 18 sales between $2,000,000 and $3,000,000, up from 10 in April 2012. The range from $1,500,000 to $2,000,000 declined from 16 to 11 sales, but all the lower price ranges saw substantial increases over last year. 92% of sales were normal in April 2013 compared with 82% last year.

luxuryrealestate

Luxury Real Estate Market Retrospective: 2001-2012

News archives must be bursting with stories examining real estate’s regional and national trends after one of the most dramatic events in U.S. real estate history. However, with the old adage in mind that all real estate is local, we wanted a clear retrospective of the market we serve without the sensationalism and consistently inconsistent “expert” predictions.

Real estate veterans and industry followers are no doubt aware of the outstanding work Mike Orr has done as founder of real estate research firm The Cromford Report, and his recent appointment to Director of the Center for Real Estate Theory and Practice at ASU’s School of Business. We’ve asked him to analyze specifically our luxury market since 2001.

Though it’s no secret that residential real estate is often a purchase driven by passion, our clients are increasingly concerned about home-as-investment strategy. With this in mind, we analyzed the most helpful statistics for luxury home investors in Phoenix’s Northeast Valley from 2001 through 2012. The analysis covers single family homes $1,000,000 or more in Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek, and Carefree. It is our hope that a better understanding of where we’ve been will help us know where we are going.

Annual Sales

In 2001, there were 396 sales of single-family homes listed at $1,000,000 or more. At the time, Scottsdale (182) narrowly beat Paradise Valley (170) for units sold, but Paradise Valley had a slight edge in terms of dollars spent. Sales in these two areas made up 89 percent of the entire luxury market, with Phoenix trailing at 15 sales in the Biltmore area and 13 in Arcadia. Carefree (7), Cave Creek (4), Fountain Hills (4) and Rio Verde (1) were relatively small markets then, and while they have grown tremendously since 2001, 86 percent of sales are still in either Scottsdale or Paradise Valley.

Sales volume grew slowly in 2002 and 2003, before expanding dramatically in 2004 and 2005 when it peaked at 1,563, almost four times the sales volume a mere four years earlier. Scottsdale accounted for much of the luxury sales growth, thanks to its relatively undeveloped landscape with room for new projects in DC Ranch, Troon, Grayhawk, McDowell Mountain, Pinnacle Peak, the Shea Corridor and Desert Mountain.

Although sales began to decline after the frenzied peak of 2005, luxury home sales remained reasonably buoyant when compared to the market at large, until demand fizzled out in the second half of 2007. The broader real estate market collapse, as well as the stock market collapse in 2008, would destroy confidence in real estate for years to come. Foreclosures and short sales became part of the new vernacular, peaking in 2010 and representing 33 percent of transactions that year. Total annual sales have remained at a similar level for the past five years, but distressed sales have declined to 17 percent of transactions in 2012. Total sales in 2012 were at their highest level since 2007.

Sales Pricing

The Northeast Valley luxury market appears extremely volatile when measured on a shortterm basis, due to relatively low volume and a wide range of price points. Greater accuracy is obtained by measuring pricing over longer periods, and the best way to judge pricing is typically on a per square foot basis. The next chart shows the 12-month moving average sales price per square foot, meaning each month is the average of that specific month and the 11 months preceding it.

In 2001, the luxury market was already troubled by over-supply, and took another hit after the terrorist attacks of 9/11 and resulting stock market weakness. However, by 2004 pricing improved and prices escalated quickly during 2005 and 2006.

Yet, while prices fell from mid 2006 onwards in less expensive markets, luxury market price per square foot continued climbing – despite a slowdown in sales – into the early part of 2008. However, the extreme economic recession and the failures of Bear Stearns and Lehman Brothers took their toll from May 2008 onwards; prices collapsed from the peak of $404 per square foot in December 2007 to reach $290 by May 2010, before drifting to their lowest point ($277) in February 2012. Although the decline from peak to trough was a significant 31%, this is far less than the 59% drop in average price per square foot experienced by the overall market in the Metro Phoenix area.

Pricing finally began to recover as distressed homes worked their way through the system and by the end of 2012, price per square foot had crawled back to $291 and continue to trend upward. “86 percent of sales are still in either Scottsdale or Paradise Valley” “prices collapsed from the peak of $404 per square foot in December 2007 to reach $290 by May 2010.

Supply

During 2004 and 2005, new listings grew at a slower rate than sales volume, but they continued growing in 2006 and 2007 as sales declined; projects began during what we now recognize as the peak took time to finish. This ominous imbalance led to the huge excess of inventory in 2008 when only 766 homes were sold across the entire Northeast Valley luxury market. The number of distressed listings peaked in 2009 at 21 percent of new listings before declining to 9 percent in 2012. The number of new listings in total was at its lowest in 2011; 2012 was the first year since 2007 to show an increase in inventory. By the end of 2012, supply was roughly in balance with demand.

Seasonality

The luxury market is most active during the spring, and most transactions close from March to June each year. Over the last 12 years, this period typically generates sales at a remarkable 39 percent higher rate than the rest of the year.

Summary and Outlook

Between 2001 and 2012 the luxury home market has experienced a period of great turbulence and volatility, though not quite the extremes suffered by the rest of the market. As 2012 came to a close, supply and demand are near balanced. Barring external economic shocks, the luxury market looks likely to be relatively calm and positive.

For a personal analysis of what these numbers mean for your home, please contact our office at 480-991-2050.

AREA Awards

AREA Awards 2012 Winners, Finalists & Photos

A night full of networking, laughs and recognition, the first annual Arizona Real Estate Achievement, AREA Awards ceremony was held on May 3, 2012 at the Ritz-Carlton in Phoenix.

The Arizona Real Estate Achievement (AREA) Awards are selected by a panel of industry experts and honor the state’s best and brightest real estate companies, real estate agents, real estate brokers, mortgage companies, bankers, home builders, individuals who give back to the community, and those in the real estate business whose careers have left an indelible mark on the community and on the industry.

Comedian Travis Thurman made a special appearance at this year’s AREA Awards as our opening introduction. And the keynote speaker, Paul Blue, Chief of Staff for the Office of the Mayor informed the attendees of the importance of the real estate industry, neighborhood safety, education and much more.

Congratulations to all of the finalists, honorable mentions and winners!


View photos from the event on our Facebook:

AREA 2012 Snapshots

Photos: Cory Bergquist

Congratulations to all of our winners:

RESIDENTIAL REAL ESTATE AGENT OF THE YEAR

Winner: Russell Shaw, Realty One Group
Honorable Mention:
Curtis Johnson, Curtis Johnson Realty

REAL ESTATE BROKER OF THE YEAR

Winner: Deems Dickenson, Russ Lyon Sotheby’s International
Honorable Mention:
Dale Hillard, West USA Realty

REAL ESTATE COMPANY OF THE YEAR—SMALL

Winner: TEAM Investments
Honorable Mention:
Kirans & Associates

REAL ESTATE COMPANY OF THE YEAR—LARGE

Winner: Keller Williams Legacy One Realty
Honorable Mention:
Coldwell Banker Residential Brokerage

MORTGAGE BANKER OF THE YEAR

Winner: Bill Rogers, Homeowners Financial Group
Honorable Mention:
NOVA

MORTGAGE COMPANY OF THE YEAR

Winner: AmeriFirst Financial
Honorable Mention:
CNN Mortgage

LAW FIRM OF THE YEAR

Winner: Tiffany & Bosco
Honorable Mention:
Nussbaum Gillis & Dinner

HOME BUILDER OF THE YEAR

Winner: Lennar

CUSTOM HOME BUILDER OF THE YEAR

Winner: Cullum Homes

PHILANTHROPIC CONTRIBUTOR OF THE YEAR

Winner: Erica Curtin, HomeSmart Realty
Honorable Mention: Kent Rini, CrimeBusters AZ

LIFETIME ACHIEVEMENT AWARD

Winner: Walt Danley, Walt Danley Realty

COMPANY LIFETIME ACHIEVEMENT AWARD

Winner: Coldwell Banker Residential Brokerage


Finalists:

  • Erica Curtin, HomeSmart Realty
  • Walt Danley, Walt Danley Realty
  • Don Dickinson, Russ Lyon Sotheby’s International Realty
  • Dale Hillard, West USA Realty
  • Curtis Johnson, Curtis Johnson Realty
  • Tanya Marchiol, TEAM Investments
  • Kent Rini, Crimebusters of AZ
  • Russell Shaw, Realty ONE Group
  • Kiran Vedantam, Kirans & Associates
  • Keller Williams Legacy One Realty
  • AmeriFirst Financial Inc.
  • Coldwell Banker
  • CNN Mortgage
  • Cullum Homes
  • Homeowners Financial Group
  • Lennar Arizona, Inc.
  • NOVA Home Loans
  • Nussbaum Gillis & Dinner, P.Cc
  • Tiffany & Bosco

Presenting Sponsor:

Great American Title Agency

 

Event Partner:

Phoenix Association of Realtors WEMAR

AREA Awards

AREA Awards 2012: Lifetime Achievement Award

The Arizona Real Estate Achievement (AREA) Awards — selected by a panel of industry experts — honor the state’s best and brightest real estate companies, real estate agents, real estate brokers, mortgage companies, bankers, home builders, individuals who give back to the community, and those in the real estate business whose careers have left an indelible mark on the community and on the industry.

AREA AWARDS: LIFETIME ACHIEVEMENT AWARD

Winner: Walt Danley, Walt Danley Realty

AREA Awards: Walt Danley, Walt Danley RealtyWalt Danley began his career in real estate in 1977 and has single-handedly grown his business into a multi-million dollar luxury boutique firm in Scottsdale. In 2006, Danley was named one of the “35 Most Influential in Luxury Real Estate” by Unique Homes Magazine, a list that included Donald Trump and Chairman of the Federal Reserve, Ben Bernanke. That same year, Danley sold more real estate than any other agent in the state of Arizona.

In 2011, The Walt Danley Group — previously affiliated with Coldwell Banker and Realty Executives — established its own brokerage firm and renamed itself Walt Danley Realty. This independence allowed Walt Danley Realty to become an exclusive affiliate with Christie’s International Real Estate, a move that has given Danley’s team of agents unprecedented exposure on a global level. The firm continues to earn some of real estate’s most coveted awards and consistently completes the highest dollar amount of transactions compared with other Phoenix-area realtors.

Walt Danley Realty is considered an industry leader among real estate professionals due to Danley’s longevity and inspired success for more than 30 years in the residential real estate industry. Specializing in finding talented agents with varied backgrounds, Walt Danley Realty has helped former CEOs, businessmen and businesswomen find their passion in the real estate industry by mentoring them. The agents are each involved in professional and charitable organizations where they serve as panel members, board members, event organizers and volunteers. As a leader in the industry, Walt Danley Realty is a go-to source among media members, both on the regional and national level, who want the highest level of knowledge and insight into the local market.

Arizona Business Magazine May/June 2012