by Dru Bloomfield on March 4, 2009
Click on photo to see more about this patio home
Scottsdale has a number of seasonal rentals still a few available for this season. “Seasonal” is the term we use for turn-key, or resort rentals. These properties (either single family homes, condos, townhouses, or patio homes) are fully outfitted with all furnishings, linens, and a full kitchen, ready to cook and entertain, relax and play.
Many of our winter visitors are repeat clients, finding a place they really like and leasing it as much as a year in advance. Seasonal rentals are most occupied in the months of January through March, but winter rates often start as early as November and can run into April. Winter rates are usually 50-100% higher than off-season rates, and many communities have a one month minimum for lease terms.
I have a two bedroom patio home listed for either short or long term rental in Sandpiper Scottsdale, a very green community surrounded by the McCormick Ranch Golf Club. It’s got a beautifully updated kitchen and has a warm and welcoming feel. Located in a gated community, with a park-like setting and a heated pool, it’s truly is paradise in the winter. The normal winter lease rate is $4200. In the summer, it’s $2500.
Plus, the owner has dropped the rate to $4000 for a month’s rental in through the end of April. He’s had a long-term renter in the unit for the past 15 months, so we’ve not been showing it much. Now that the property is vacant again, he is motivated to have someone enjoying the home again.
This same owner has another patio home in the same Scottsdale community. This one is already rented through March, and is only available in April this year. It’s a larger home, with a private patio that makes it easy to cook out every night. Two spacious masters, plus a huge den that has office space and two Murphy beds. The current tenants love it and are already talking about coming back next year.
Click to see photos of home
Later today, I will be adding another listing, this one is unfurnished and is only available on a long-term lease, with a minimum 6 months. I have had this home listed for sale already, so you can see more about the home, while we are getting the lease listing on-line. This home will be available for $2250 per month. (And of course, the owners would be delighted to sell it too!)
Click on photo to learn more
And if you’d like to see a bit more of the gorgeous green Sandpiper setting, please view our slide show:
Sandpiper is a community of 160 patio homes located on 55 acres in the heart of McCormick Ranch. Several golf course homes are also for sale. If you’d like to know more, just let me know!
by Dru Bloomfield on August 5, 2008
A couple days ago, I wrote a post, Scottsdale Home and Condo Price Update, where the charts showing home prices looked like they were in a free fall. In fact, one of my colleagues at Phoenix Market Trends, commented that it looks “like the median price trend line would be a good hill to ski down, FAST!”.
And it did look like pretty significant, in that particular chart.
I decided to take a look at several of the cities that comprise the Phoenix Metropolitan area, to see how Scottsdale stacked up. Somewhat, arbitrarily, I chose the cities of Phoenix, Scottsdale, Cave Creek, and Queen Creek. As you can see, Phoenix and Queen Creek, median home listing prices have dropped much more significantly over the past year, especially when viewed in terms of percentages. Scottsdale and Cave Creek home median listing prices have decreased approximately 2%, while Phoenix and Queen Creek are closer to 25%.
While it may have appeared in my prior post that Scottsdale home listing values were dropping fast, when put in perspective, Scottsdale has been weathering this storm pretty well.
Please note: Altos Research Corp. reports real-time analysis of the residential real estate market using information based on properties currently listed for sale and available publicly through services like the local multiple listing service. The data presented in this report is accurate to the best of our knowledge, but cannot be guaranteed as such.
by Dru Bloomfield on April 11, 2008
Home listing prices are increasing, decreasing, and holding steady, depending on which Scottsdale zip code you live or are looking to live in. I’ve put the following chart together (courtesy of Altos Research), so that you can see what’s been going on over the past year.
For instance, in far north Scottsdale (85262), the median list price actually started rising last last year and now exceeds what it was a year ago. On the other hand, Scottsdale 85254 (which is a Scottsdale zip code mostly located in the City of Phoenix), has seen a drop of over $75,000 in median list price. For the most part, the other zips are holding steady or seeing small decreases.
(Zip code 85266 is a new zip code that was split off from 85262 in July 2007, so the statistics are off and appear to normalize about October 2007.)
I’ve also included a zip code map of Scottsdale, so you can see where these particular zips are located.
You will also notice, that for the most part, lower home prices are in the southern part of the city and increase significantly as you move north.
I’ll be sharing more of these statistics soon, so if there’s a particular area in Scottsdale or a parameter (like how long it’s taking to sell a house) that you are interested in, just let me know and I’ll make that my next focus.
