Scottsdale home prices continue to increase. While monthly averages have fluctuated over the past year, ranging between $170 and $210 per square foot, the overall trend in definitely positive. Looking at the annual average, this more tempered measurement shows an average price of $165/SF one year ago, with a steady increase to $190/SF this month. [...]
Market Reports
Scottsdale home prices are still on the rise. Many home buyers who are just beginning to investigate Scottsdale real estate are shocked to see how vibrant the market. With a continued shortage of inventory, hungry home buyers, and slightly rising interest rates, competition is high and prices are going up as a result. Comparing the [...]
Scottsdale home prices have been climbing, just like the rest of the valley. This month’s average sales price per square foot for Single Family Homes is $197, rapidly approaching the $200/sf standard that Scottsdale has been known for. The average for this year to date is slightly lower, at $185/sf. Now, looking at appreciation, you [...]
Scottsdale home prices are definitely on the rise. If you take a look at the chart below, you’ll see that since October 2011 that Scottsdale is definitely seen an increase in single family home prices. (While this chart showing the three month moving average sales price per square foot says that it’s for the greater [...]
Here’s an interesting update on the Phoenix Metro (including Scottsdale) real estate market. In Foreclosure Discounts Vanishing, Stan Humphries, Zillow’s chief economist, is quoted: “The smallest foreclosure discount is found in places where competition for homes is so high, people there are willing to pay the same amount for a foreclosure re-sale that they would [...]
Scottsdale Single Family Home listings have been increasing since the middle of summer. And the most striking difference about our current market is that typical homes for sale (not short sales and foreclosures) make up ALL of the increase. In fact, you can see that in the past year, the number of short sales and [...]
Scottsdale real estate continues to improve. Since the beginning of the year, single family home appreciation rates have stayed in the positive AND continued to improve significantly. Comparing average annual appreciation between August 2011 and 2012, it’s encouraging to see that Scottsdale home prices have increased over 11%. While the appreciation rates are still fluctuating, [...]
