Many Scottsdale home owners still believe that we are in the midst of a housing crisis and are delaying putting their homes up for sell. However, if you ask any recent Scottsdale home buyer about the housing crisis, they would either laugh or grimace. From their perspective, it’s was a battle to buy a home. [...]
Scottsdale
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 [...]
Over the past year, the number of homes for sale in Scottsdale has continued to drop, from 1800 at the first of the year to just under 1600 currently. Looking at the chart below, you can see that normal homes (i.e. homes are not short sales or foreclosures) dominate the Scottsdale real estate market. What [...]
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 [...]
