Over the past several weeks, we have been seeing close to record homes sales in Scottsdale. Sales are significantly higher than the lows of 2008 and approaching the levels of 2004-2005. Plus, the typical January decline was not nearly as significant this year. So, to answer the question: Is now the time to list and [...]
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inventory
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, [...]
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 [...]
