The Scottsdale single family home market has definitely seen some improvement during the past 12 months. The number of active listings (inventory) has decreased by 33%, from 3,000 to 2,000 homes per month. Sales have increased about 15%, from 350 to 400 per month. Overall, average price per square foot has held steady, for both listings [...]
From the monthly archives:
November 2011
Scottsdale home listing prices are on the rise in the central areas of the city that include McCormick Ranch, Gainey Ranch, and Scottsdale Ranch. Seems kind of exciting, at first glance. Looking above at the 90-day rolling average, it’s interesting to see that median price for homes listings is now approaching $188/square foot, which [...]
We may not get many trees with fall color in Scottsdale, but Mother Nature definitely makes up for it with some incredibly colorful skies. Scottsdale Sunrise, 11/29/2011
Scottsdale real estate has its own Cyber Monday going on. Quite a few new listings and more than a handful of price reductions over this past Thanksgiving weekend. During the past four days, 45 single family homes were listed in Scottsdale: Scottsdale Single Family Homes – New to Market Listings and 41 price reductions took [...]
Can you believe it? 80’s for the next couple of days. What a great way to wrap up November! If you don’t live in Scottsdale, you might want to consider it? More on Scottsdale weather here.
A quick look at the most recent ARMLS Stat Report shows that buyer interest and willingness to pay are definitely creeping up. In the chart above, you can see that percent of home sales in Greater Phoenix is shifting. Sales are down in homes price $100,000 and less, while increasing in price ranges of $150,000-200,000 [...]
Recently, during a tour of the Paiute Neighborhood Center, I learned that over 15,000 Scottsdale residents are below the poverty level. For all of its reputation for luxury living, between 5 and 10% of Scottsdale residents are in dire need. And the holidays, especially Thanksgiving, remind us all to be grateful for what we have [...]
