Overall, the condo market has been extremely slow over the past couple of years. FHA financing dried up, so buyers had to have cash, either the full price or a minimum of 20% down. Finally, there seems to be a bit of a change which is good news for sellers. And may indicate that it’s [...]
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condo
Recently, I was asked about the difference between a condo and a co-op. The question prompted me to consider the types of residential properties that are most often listed for sale Scottsdale. Most common is the Single Family Home – This is a single free-standing home, usually with a fenced yard. Usually have a [...]
I spent Thursday afternoon with a new client, looking at resale condos around downtown Scottsdale. All the while, he was talking about how much he loved the architecture of the new Safari Drive development, so I stopped by the sales offices later that afternoon, to get an update on sales prices and availability for him. [...]
A couple weeks ago I spotted an interesting trend on one of the charts at the Cromford Report. You can see on the chart below that investors have been purchasing an increasingly larger percentage of single family homes over the past several months, to the point that they are on the verge catching up to (and potentially [...]
Many times you will find a condo that’s been listed in the MLS system that indicates that it qualifies for FHA financing. However, not all condos that have this designation in the MLS have actually gone through the approval process, so it’s worth the extra step to verify through the U.S. Department of Housing and [...]
I have had two condos listed for sale in the Villages 5 complex, just south of Mountain View Road, between 92nd and 96th. One closed several weeks ago, and the other ground level unit is still available. The condo has a prime Scottsdale location, close to shopping, medical office, the hospital, and the freeway. Walking paths [...]
Scottsdale home buyers are starting out 2009 in a real estate market that is tilted very heavily in their favor. If you click on the chart above, you will get a full-sized version of the report, that’s a bit easier to read. Single family home prices (excluding condos) have fallen and are now stagnated, and it’s [...]
