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
Scottsdale housing prices remain steady and strong. According to the Cromford report, the average price per square foot for housing is $231/sf, just $2/sf over last year. And while this may not be the impetus to buy or sell. in and of itself, it’s an indicator.
Looking more closely at the cities that have experienced double digit (by %) growth in the past year, you will see that once again, we are in a market where many of the outlying areas are experiencing the greatest growth, and the greatest decline, with the exception of pricey Paradise Valley.
Scottsdale, remains a relatively central location, with easy access to both the Scottsdale and downtown Phoenix job centers. And with stable home prices, remains a smart buy in today’s real estate market.
January 2016: Phoenix Home Sales Update
Buyers: Time to Start Looking
January is one of the top months for new listings to hit the market, making it a good time to start looking. Buyers gain a negotiating advantage when there are more listings in competition with each other. Typical inventory trends tell us that November through January are the peak months for buyers to have the maximum choice of properties before competing buyers begin dwindling the supply and their negotiating advantage. The market as a whole is still a seller’s market, meaning that supply is below normal for the level of demand out there. This shortage is mostly for properties below $200,000, expect more choice in the upper price ranges.
Sellers: Time to Prepare
Get ready for the beginning of the purchasing season! The first week of the year is typically the lowest point for pending sales due to low buyer activity over the Christmas and New Year holidays. The lull doesn’t last for long, however. January is a big time of year for large tourist events in the valley including the Barrett Jackson Car Show, Waste Management Open, Collegiate Football Championship and more. By February, open house traffic will pick up and a notable increase in contracts submitted. In 2015, the number of contracts in escrow nearly doubled between January and June before submitting to the summer slowdown. This year, we’re starting off with 15% more properties in escrow compared to this time last year, a good sign for sellers to kick off the year. There are still a significant number of boomerang buyers recovering their credit after foreclosures and short sales a few years ago, providing a healthy level of optimism for demand in 2016.
$485,000, 3Bd/2Ba Updated Scottsdale Townhouse – Single Level in Santa Fe, 2295 sq ft.
This patio home, located at 7540 N Ajo Road in Sandpiper, which is surrounded by the McCormick Ranch Golf Course is has just been freshly staged. We will be hosting open houses this weekend on Friday, Saturday and Sunday from 1-4 PM.
Stop on in and preview the house, plus take a drive around the guard gated community of Sandpiper. It’s truly one-of-a-kind, with his open feel and emerald green grass.
Scottsdale, AZ 85258
3 beds | 2.5 baths | 2129 sqft
Located in lush, green Sandpiper community at McCormick Ranch. Manned guard gate. Great room layout, with new carpet in the living/dining rooms. Updated kitchen with light wood cabinets and slab granite counters. Lots of light throughout this home. Three bedrooms, with a sitting room in the master and a den/exercise room off the private interior courtyard. 18+ SEER HVAC, with humidifier. Large garage with 18' door and lots of built in cabinets. Expansive grounds, community pools, and easy access to most everything!
Listing Office: Realty ONE Group
Last Updated: July - 10 - 2015
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Saturday 25th of March 2017 01:56 AM
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