Eldorado Skate Park in South Scottsdale

Time for some Friday fun.  I started listing bank-owned properties again, after a short lay0ff, and have been working with several clients getting offers negotiated and agreed to by today, to qualify the 2010 Home Buyer Tax Credit.  As a result, my writing has fallen behind, so I thought I’d share a few of the photos I took at the 11th Annual Eldorado Skate  Park Competition, held March 27, 2009.  A beautiful day to watch some amazing boarders. A lot of concentration and athletic ability. He did land this one! Lots of rail riding. I can fly! Eldorado Park  is a 60-acre park with 3 ramadas, 5 picnic areas, 3 softball fields, a soccer field, a full basketball court, a sand volleyball court, an outdoor amphitheater, swimming pool, 2 lakes, 2 playgrounds, a 5K course, horseshoes, restroom and home of the Wedge Skate Park.  A map of Eldorado Park: View Larger Map Learn more about other Scottsdale...

What’s up with Scottsdale home prices? How long is it taking to sell a house?

Last week, I shared that  Scottsdale condo listing prices have been decreasing over the past year.  This week, I’ll show you the same is true for single family homes in the city, with median list price decreasing by $100,000 since May 1st, 2009. The statistics for the properties in this following report are divided as follows: First Median Range (Blue): Most expensive 25% of properties Second (Green): Next 25% Third (Orange): Next 25% Fourth (Black): Least expensive 25% of properties By appearance, it looks as if the upper end of the market has taken the brunt of this depreciation, which it has, when looking at it from a purely dollar perspective.  However, percentagewise, the lower end of the market truly has seen the greatest median listing price reduction, approaching -25% since May 1 of last year, and the Upper/Second Median listing price has demonstrated the least reduction in listing price, only in the range -12.5%.  Interestingly, this second tier is where the overall median listing price of Scottsdale sits. However, the time to sell appears much more like a roller coaster, than in the Scottsdale condo market. Overall, the days on market for active listings has increased in the past year, with a dip occurring in the fall season before a steady continued increase.  Days on market has been on a downward trend over the past month or so.  The time to sell as well as the market trend definitely varies by price range.  High-end homes are on the market for a much long period of time.  The time to sell Scottsdale’s lowest priced homes has plateaued over the...

Scottsdale Schools Consolidate Start Times To Save Money

  Photo Credit:  lars hammar Historically, Scottsdale schools have started at different times, requiring bus drivers to complete three runs, morning and afternoon, one each for elementary, middle, and high schools.  Effective next fall, that will change.  Middle and high schools will start earlier and at the same time. Elementary schools will start later and all at the same time.  District officials project that this change will save the district half a million dollars annually. The announcement letter reads: Governing Board Approves a 2-Bell Schedule – Update Saves SUSD $500,000 At the April 13th Scottsdale Unified School District (SUSD) Governing Board meeting, the Board voted to approve a 2-Bell Schedule which will save SUSD $500,000 annually. “We assembled a task force to study the use of time. They examined research, realities and the factors of teaching and learning. Tonight we recommend to you what we believe is best for students in our school district,” said Superintendent Dr. Gary T. Catalani. The start times for the 2010-11 school year are 7:45 a.m. for high school, 7:45 a.m. for middle school and 8:45 a.m. for elementary school. The start time for the three K-8 schools is still being determined; the time will either be 7:45 a.m. or 8:45 a.m. Desert Mountain High School and Mountainside Middle School will start at slightly different times to accommodate the shared parking lot at the schools. The exact times will be announced shortly.The only school not affected by the 2-Bell Schedule is Sierra Vista Academy because students attend school four days a week, and SUSD does not provide transportation for these students. “While this recommendation...

Foreclosure and Short Sale Classes for Home Owners Offered in Goodyear, Scottsdale, Peoria, and Mesa

Last week, I took yet another class on Short Sales and Foreclosures.  It’s a critical part of my on-going education in our ever-changing real estate market. Tonight, I received an email from the instructor, Chris Combs of the Combs Law Group,  letting me know he’s now offering classes for the general public, not just Realtors. Combs Law Group, P.C will present classes in four valley locations open to the general public on Foreclosures and Short Sales.  These classes will include informational materials and will answer such questions as: If a homeowner can’t make payments, should they do a short sale or a foreclosure?   Can a homeowner still have liability to a lender after a short sale? After a foreclosure?   What are a tenant’s rights before and after a foreclosure sale? Upcoming classes: Thursday April 29th, 6:00 pm – 8:00 pm Quality  Inn and Suites, 950 N. Dysart Road, Goodyear AZ Tuesday, May 4th, 6:00 pm – 8:00 pm DC Ranch Community Center, 18600 N. 98th Street, Scottsdale, AZ Thursday, May 6th, 6:00 pm – 8:00 pm Rio Vista Recreation Center, 8866 -A West Thunderbird Road, Peoria, AZ Tuesday, May 11th, 6:00 pm – 8:00 pm Southeast Valley Regional Association of Realtors, 1363 S. Vineyard, Mesa AZ Cost is $50 per person; go to our website:  http://www.combslawgroup.com to register for one of these classes. My first response was that the cost of the course was high considering the audience would most likely be homeowners who were having financial challenges.  In thinking about it a bit more, I realized that I have clients who spent $275 for an hour...

Scottsdale Condo Prices Continue to Fall

Yes, it’s true, listing prices for Scottsdale condos continue to decline….   ….in all price ranges.   The statistics for the properties in this following report are divided as follows: First Median Range (Blue): Most expensive 25% of properties Second (Green): Next 25% Third (Orange): Next 25% Fourth (Black): Least expensive 25% of properties However, the time to sell appears to have stabilized, with active listings currently hovering just under 150 days to sell, since January 2010. Interestingly, the time to sell lower priced condos is increasing, while those on the upper end are selling more quickly.  This could have a lot to do with the challenges of getting financing, particularly FHA financing, for condos. Data Source: Altos...