Russ Lyon Sotheby’s promotes North Scottsdale to Canadians

Russ Lyon

Canada and Arizona are teaming up to promote residential real estate in North Scottsdale.

Russ Lyon Sotheby’s International Realty at Desert Mountain has been honored as the Canada Arizona Business Council-preferred and exclusive real estate partner for Canadian home buyers in the Valley.

The partnership is meant to help stimulate business for the Desert Mountain real estate community through Russ Lyon Sotheby’s International Realty, and together to forge new business deals to boost its $5 billion trade goal.

“It is a privilege for our brokerage to be working alongside such a remarkable group of business executives in promoting commerce between Canada and Arizona,” said Todd Gillenwater, CEO of Russ Lyon Sotheby’s International Realty.

“Desert Mountain has some of the best properties the Valley has to offer, and is the perfect fit for this relationship.”

In addition to the partnership, Russ Lyon Sotheby’s International Realty designated Desert Mountain sales executive Cheryl D’Anna has been appointed to the CABC Board of Advisors.

“Desert Mountain homes and Canadian buyers are the perfect match,” said Glenn Williamson, CEO and founder of the CABC. “Virtually every Canadian wants a winter refuge, and Desert Mountain means spectacular sunny skies for the winter weary, world-class golf, unrivaled hiking trails for nature-loving Canadians and a bespoke Sonoran Desert life style.”

Desert Mountain in North Scottsdale is one of the Valley’s most prestigious communities with the third highest sales in dollar volume for single-family homes in the Phoenix Metro area from August 2014 to July 2015.

Arizona has long been a preferred market for Canadians purchasing vacation or retirement homes. According to the National Association of Realtors, Arizona accounts for 24 percent of the national total homes sales to Canadian buyers in 2014.

And these “snowbirds” are not moving just for the great weather: Low-maintenance desert properties, absence of additional taxes for out-of-state buyers and current exchange rates make the Valley’s luxury home market especially attractive to foreign buyers.

“Canadians are still buying high-end, luxury homes in the millions of US dollars without any sign of slowing down,” said Mr. Williamson. “Our Northern neighbors are buying residences in Arizona at a much younger age, starting new businesses or branch offices, and they are inviting family and friends down in droves.”

According to Mr. Williamson, 90 percent of all international commercial and residential real estate in Maricopa County is Canadian-owned and valued at more than $12 billion.

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