Scottsdale is one of those long, skinny towns that has very definite north, south, and central neighborhoods. Prices tend to increase, from south to north. Today, I’ve created some charts (with the help of Altos Research) to show the current differences in these varying markets. Current median list price for South Scottsdale (85257) has dropped down [...]
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Scottsdale single family homes have been selling faster than new homes were listed for the past three months. We are beginning to see the increased activity that typically comes in the fall season, too. More homes are being listed, yet they are selling at a higher rate than they are coming onto the market. The [...]
It feels like the real estate market has been in a static place for most of the summer, and then several weeks ago, my phone and email started going crazy. Buyers were asking questions and seriously ready to buy homes. Today’s Altos Research reports show that my experience is pretty much in alignment with the [...]
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, [...]
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 [...]
So, the question today is: How long does it take to sell a house in Scottsdale? Interestingly enough, with the huge range of prices in Scottsdale, there’s not all that much difference in how long it’s taking for a house to sell. The chart below is busy, but will give you the basic information. 1. [...]
