Always on the lookout for signs of improvement in the Scottsdale real estate market, I found one today.
For the first time in almost three years, positive (greater than zero!) appreciation was noted. In fact, you will see that Scottsdale real estate appreciation has been improving fairly steadily over the past year, and more significantly since January 2010.
While we still have a way to go towards a healthy market, it’s encouraging to see some positive signs.
Recent Posts on the Scottsdale Real Estate Market:
{ 4 comments… read them below or add one }
Gosh Dru. Can it be so? The charts , graphs, and analysis are making me a little crazy right now!
Up, up, down, down, flat, and everywhere in between. I think things are all about the area. I have seen a $70,000 price increase in a Grayhawk product that I have been watching for the last year! At the same time I think Old Town is less than stale.
Hard to decide what is going on half the time.
Thanks for the post!
Luetta, You are right. We can look at all these statistics and feel like we understand the market, but when it comes down to selling a house, it really becomes “the art and science of home pricing”, taking many factors into consideration. And still, it’s the buyer who really decides, isn’t it?
Had buyers come into town from Jersey over the weekend.
I’ve been watching this house for 3 weeks in North Scottsdale.
Buyer’s thought they could lowball with 650,000 offer on 849,000 asking price.
The home is SALE PENDING
So much for low ball offers LOL :-0
Terry, You are so right. When a house is priced to the market (for its condition and location), it will sell fast.