It’s still hot in Scottsdale. Yet, buyer interest is up. My email box is filling up, my phone is ringing, and I’m seeing more open house signs out on the weekend. In a few more weeks, and we will be heading straight into the fall home selling season, typically the second busiest time of the year, [...]
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I had a pleasant surprise in my weekly report from Altos Research for Scottsdale, Arizona 85258. McCormick Ranch and Gainey Ranch are two of the major communities in this zip code. Median home list prices are rising. The number of houses on the market is decreasing. The time to sell is also decreasing. Still a buyer’s market, [...]
Sometimes it’s challenging to know what’s really going on in the Scottsdale real estate market. The news tends to focus on large areas and general statistics that don’t really give us an understanding for what is going on in our specific town or neighborhood. Chris Butterworth’s post this morning on the Northwest Phoenix Market Statistics [...]
From the Arizona Republic today, Housing market reflects positives: “Homes priced under $350,000 are selling much quicker than the rest of the market. An analysis from Jim Sexton, president of real-estate firm John Hall & Associates, shows there is only a seven-month supply of homes in that lower range. That’s a healthy level.” Yesterday, I [...]
This chart pretty much says it all. As prices have decreased over the summer, single family homes homes have sold or been taken off the market. Condo prices have been falling steadily over the past year, and inventory (number of homes available for sale) started tapering off this past spring.
