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, [...]
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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 [...]
Market Action is a proprietary Altos Research statistic that tracks where the market. Tilted to the buyer or the seller. Index under 30 indicated a buyer’s market. From the chart for single family home activity, it’s easy to see that we have been stagnated in a buyer’s market for over a year, and that since [...]
One of the things I like about living in Scottsdale is that I can walk and ride my bike many places. Scottsdale is filled with bike paths and lane, walking paths, and nature trails. Today, the City of Scottsdale emailed out these links to walking paths in the Downtown Scottsale area. Canal Bank Loop 1 [...]
In the Arizona Purchase Contract, you will find a section called the “Swimming Pool Barrier Regulations“. In the contract: The Buyer agrees to investigate with all applicable state, county, and city swimming pool barrier regulations. The Buyer agree to comply with and pay all costs of compliance with these regulations prior to occupying the homes, [...]
After the number of homes listed for sale peaked in the spring, we have seen a slight decline, but certainly not enough of a change to get very excited about. Prices have continued their downward trend, and the number of homes on the market has a direct influence on the pricing. Not all Scottsdale zip codes are following [...]
