I have a short sale listing that’s scheduled to close today, so I’m inspired to take a look at the Scottsdale real estate market, relative to short sales. In the chart above, you can see that Scottsdale short sale listing activity have been really consistent over the past year. With about 400-500 homes listed in [...]
Posts tagged as:
foreclosures
I haven’t done a market report on Scottsdale 85258, home to the “Ranches”…. McCormick, Gainey, and Scottsdale. In January, I posted this same chart in the post: McCormick Ranch Real Estate – Least Distressed Area of Scottsdale. A few changes have occurred in past ten months, while some metrics stayed the same. What you will [...]
Paradise Valley is a real estate microcosm. Homes are much larger and median prices are significantly higher than anywhere else in the Phoenix area, including it’s neighbor, Scottsdale. Commonly call “PV”, this city has irregular boundaries, that extend from Camelback Road on the south, to Shea Boulevard on the north. The area is filled with [...]
Last week, I had a buyer ask me if she could write offers on three separate properties, and then just go with the one that was accepted first. In theory, she could do this, although some would recommend disclosing that a buyer is writing multiple offers. In fact, this type of disclosure was done in [...]
This is one real estate statistic that we’d all like to see improve. Pending foreclosures in Maricopa County (for all real estate property types) continues to increase, approaching 50% since the beginning of the year, January 2009. You can see that the number of foreclosures remained relatively constant from 2002 through 2006, and then the [...]
Realtors often say things like “Location, location, location”, and “Real estate is local”. Comparing Phoenix and Scottsdale real estate stats really is like comparing apples to oranges, but I’m going to do it anyway. A few facts: Phoenix covers a much larger area, 517 square miles, as compared to Scottsdale’s 184 square miles. Phoenix has [...]
Mike Orr loves his numbers, even more than I do. Last week he published an interesting article on “shadow inventory” on his subscription site, www.CromfordReport.com. While I could add my two cents to Mike’s analysis, I think he’s done such a thorough job that I’ll include the full article. Shadow Inventory? Some analysts have written [...]
