At Home In Scottsdale | Your Guide to Scottsdale Real Estate

I’ve mentioned a couple articles related to the Phoenix and Scottsdale real estate markets in the past week or so. 

Keeping an Eye on Scottsdale Real Estate

Jay Butler at Arizona Stat University published his updated real estate report, covering the Phoenix metropolitan area, yesterday. 

Greater Phoenix resale numbers up for April, median prices down
But, the bottom line for Scottsdale is that the number of homes sold and median sales price is down.

Phoenix Real Estate Experts Assess Market

Today’s article at AZCentral.com, 3 experts sift through rubble of Valley market for signs of life, gives some insights, and shows that there’s not any one clear answer. 

AZCentral.com just published a correction, or clarification, to the numbers published by Jay Butler, director of real-estate studies at Arizona State University’s Morrison School of Management and Agribusiness. 

Valley home-sales reports are at odds

That conflicts with a report released Monday by the Arizona Regional Multiple Listing Service indicating a 12 percent decrease in home sales in the same period.

The reason is Butler’s report does not differentiate between “trustee sales,” in which banks take over properties from borrowers in default, and routine home resales.

So, we must temper our excitement and exuberance with a dash of realism.

For more on the foreclosure situation in Scottsdale, read the Scottsdale Real Estate Foreclosure Update.