Scottsdale Real Estate: Million Dollar Homes for Sale

by Dru Bloomfield on February 18, 2012

million dollar Scottsdale homes on Facebook

Scottsdale has more than its fair share of beautiful homes. If you’d like to take a quick look at what a million dollars will buy you in Scottsdale real estate, I invite you to my Facebook page for At Home in Scottsdale.

If you haven’t “Liked” my Facebook page before, you’ll have that option.  Once you Click the Like button, you will land on a page with links to million dollar homes in downtown, central and north Scottsdale.

And, if you’ve already Liked my Facebook page, just click on the Welcome tab in the left hand column, and go to the same million dollar listings page.

Easy. Always available. And current, with only property listings that are really still on the market.

Realtors High on Phoenix Metro Real Estate

by Dru Bloomfield on February 17, 2012

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The Arizona Regional MLS (ARMLS) publishes a monthly view tracking REALTOR® confidence of Phoenix Metro real estate market confidence, as compared to the past and to future expectations.

The results of this survey are the result of “the firsthand, up close observations of REALTORS® who operate at the front line of real estate in the Valley”.

The survey results are based on the following six survey questions:

  1. What is your appraisal of current real estate conditions in the Valley compared to six months ago?
  2. What is your expectation of real estate conditions in the Valley six months from now?
  3. What is your appraisal of current business conditions in the Valley compared to six months ago?
  4. What is your expectation of business conditions in the Valley six months from now?
  5. What is your appraisal of current employment conditions in the Valley now compared to six months ago?
  6. What is your expectation of employment conditions in the Valley six months from now?

As you can see, local REALTORS® are definitely high on Phoenix Metro real estate with all indicators rising strongly for the past five months zeroing in on the 90% range.

More on the improving Phoenix real estate market:

The Heron Have Landed in Scottsdale

by Dru Bloomfield on February 16, 2012

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We have gorgeous weather in Scottsdale, and the white heron obviously agree.  Yesterday morning was a bit cooler than usual, about 41° F, and the McCormick Ranch Golf Course lakes were steaming.  I wondered down with my camera, and as I came over the crest of the hill, it was really clear that the heron have landed.  They seem to be here pretty much year-round, but rarely have I seen the flock so big.

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Gorgeous birds, aren’t they? And a lovely sunrise, too.

More on other animals you’ll find in Scottsdale:

We Call It Arizona

by Dru Bloomfield on February 14, 2012

Today, the state of Arizona is 100 years old, and I’d like to share a fun little tune about Arizona I recorded yesterday at a class I took on Arizona history.   Ken Bennett, Arizona’s Secretary of State, took the stage at the beginning of class and shared his thoughts!

Enjoy!

Happy 100th, Arizona!

by Dru Bloomfield on February 13, 2012

Arizona turns 100 years old tomorrow, February 14th.

Today, I took a class on 100 years of Arizona history.  Learned a lot of interesting facts about the state I call home.

And heard this song, called "I Love You, Arizona" by Rex Allen Jr., for the first time.

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Beautiful song. Beautiful state.

phoenix-scottsdale-mesa-real-estate-market

2011 was definitely a turning point for the local real estate market.

Home prices are now on the upturn in greater Phoenix area, known as the Phoenix-Scottsdale-Mesa MSA (Metropolitan Statistical Area).

Last year locally, the median real estate price for existing single family homes dropped 10.2% from 4th quarter 2010 to 4th quarter 2011, making the Phoenix-Scottsdale-Mesa area 29th on the list of largest price declines in the U.S.

But then, look at what happened to local home prices in the 4th quarter of 2011, and you will see a huge improvement.

The Phoenix-Scottsdale-Mesa MSA is #4 on the list of  markets with price increases when comparing the 3rd quarter of 2011 to the 4th quarter of 2011.  Median home prices for existing single family homes increased 4.5% in the last 3 months of 2011.

Pretty amazing, but if you talk to any working Realtor, you’ll hear the same story. Lots of buyers and not enough homes on the market to satisfy the demand.

Scottsdale Home Prices–A Ten Year Perspective

by Dru Bloomfield on February 8, 2012

A couple things to know about Scottsdale residential real estate.

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First, median home prices in Scottsdale are significantly higher than the rest of metropolitan Phoenix.  And this is a trend that’s held true over the past ten years. 

Median home prices in Scottsdale are currently in the $400K range, while Phoenix and other surrounding cities range from $100-200K.

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The other interesting fact that for you to know is that Scottsdale weathered the downturn better than most surrounding cities.  While median home sales price in Scottsdale was about $300,000 in 2001, it’s still 33% higher than than 10-plus years later.  In comparison, Phoenix has dropped slightly over that time period.

Buyers often asked where they should purchase a home so that they can maximize their investment with the greatest appreciation. And while, none of us have a crystal ball, historical, Scottsdale home values have held their own and then some.

More on Scottsdale real estate and home prices: