Check out this increasingly positive new for the Scottsdale real estate market. In searching through the Cromford Report for Scottsdale, I discovered something fairly remarkable.
As you can see in the chart above, the percentage of distressed sale listed is almost identical to those sold. And these distressed sales make up only 25% of the market, which is as low as you will see in all of Scottsdale.
The third important point is that the average price per square feet for sold properties is almost identical for normal and pre-foreclosures. Typically, pre-foreclosures (or short sales) are much more aligned with lender-owned pricing.
Good to see some improved market strength in central Scottsdale 85258, home to the Ranches – McCormick Ranch, Gainey Ranch, and Scottsdale Ranch.
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