From the monthly archives:

October 2010

Every Saturday for the past 20 years, classic car enthusiasts have met at the McDonald’s on Indian Bend Road, just off the 101, in Scottsdale.  Cars and motorcycles start to arrive around 4 pm, and the show usually lasts until about 9 pm. There’s a DJ playing 50’s music, and on an average night, you [...]

Scottsdale Real Estate Update: Sales Prices Stabilizing

by Dru Bloomfield on October 29, 2010

Jim Wire, a real estate agent in Lake Tahoe, asked me about Scottsdale real estate values in response to a post I wrote earlier today, so I thought I’d answer him with another chart from the Cromford Report. Looking at the whole of Scottsdale, you can see that Average Annual Sales Price per Square Foot has actually [...]

I had the good fortune to listen to Michael Orr, creator of the Cromford Report, yesterday.  For 3 hours, he zipped through a whole lot of stats about our local real estate market and helped me remember some of the great information he provides, that really illustrate what’s going on in our local area. Today, I’ve pulled [...]

Tell me, what are interest rates doing?

by Dru Bloomfield on October 28, 2010

I attended some training today, where Wells Fargo brought in a national speaker to talk about selling real estate.  When I got back to my office, I discovered that an interesting market report with Phoenix housing stats had been included in my seminar packet. The first two charts in this report answered a question that [...]

Got shredder overload? Scottsdale Police can help

by Dru Bloomfield on October 27, 2010

   I have a job that can generate a lot of paper, and although I’m using my scanner a lot more, I still get behind on my shredding.  When that happens and I have more than my personal shredder can handle, I’m really grateful that the Scottsdale Police Officers of Scottsdale Association hosts document shredding [...]

How long is it taking to sell real estate in Scottsdale?

by Dru Bloomfield on October 26, 2010

Today’s post is the third of this three part series, and looks at how long it took to sell property in Scottsdale, for home sold in September 2010. In this first chart, I’ve broken down the data for the 475 homes that sold by zip code, comparing the average number of days to sell (from [...]

Scottsdale Real Estate: How low can I go?

by Dru Bloomfield on October 25, 2010

In today’s real estate market, some Scottsdale home buyers assume that they are going to be able to make a low offer on any property and “steal” a house. However, the realities of the situation are different, and actually a bit more complex than they might first appear. The following charts all use data for [...]