At Home in ScottsdaleA Scottsdale Real Estate Blog with info on real estate for home buyers and sellers, market updates, and new and events from around town
Much of the news today talks about how hot the real estate market is. And generally speaking, it is a seller’s market. But, if you look at the details in the Phoenix area, the lower price ranges are selling quickly, while the higher price ranges that you see in Scottsdale and other parts of the valley are moving more slowing, which is really pretty typical.
Here are 2 charts to show you how many homes sold in each price range last month, as well as how many months of inventory are currently listed for sale, as of the first of May.
A buyers market is consider to be one where there is less than 5 months of inventory and a seller’s market is one where there is more than 7 months of inventory. The sweet spot, a balanced market, is between 5-7 months
So when you hear about homes sold in one day or one week, with multiple offers, there’s a good chance that they were listed at $300,000 or less.
Just listed for sale in Arrowhead Lakes Golf Course Home for Sale.
- 3 bedrooms, den, 2 1/2 bath
- 3,003 sq. ft.
- Private pool
- South facing lot on the 15th green of the Legends at Arrowhead golf course
- 14 ft. ceilings and lot windows for natural light
- Fresh paint inside and out
- New carpet
Take a look at my newest listing in McCormick Ranch located at 8505 E San Bernardo. Single family home with 3 bedrooms and 2 baths. Near Hayden and Via Linda. Priced to sell at $460,000.
Scottsdale named among the top 10 “digital cities” for the fourth consecutive year. The city earned sixth place in its population category for participation in the What Works Cities program. Reasons cited: ongoing push to improve open data, data-based performance management efforts and several information technology initiatives to standardize hardware, streamline processes and improve outcomes.
Originally posted at http://www.scottsdaleaz.gov/
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