I woke to an interesting post on Facebook this morning, and when I shared it with my friends, a couple fellow real estate agents added their experiences on how quickly their listings are selling. Location, condition, and setting the right price are key, of course! While sellers don’t want to “give their house away”, once [...]
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Scottsdale
The Scottsdale real estate market is definitely improving. While prices are still recovering, the number of sales per year is definitely back to the level of the pre-boom days. The dots in this chart above reflect the number of Scottsdale home sales in the previous 12 months. From cumulative sales of 5,086 in January 2001, [...]
I pulled up a copy of Scottsdale’s long-term home appreciation chart this morning, expecting to see more improvement than I do here: From a broader perspective, the trend is definitely to the positive, with a few intermittent months of plus-side appreciation, but still running in the negative overall. Sellers need to keep this perspective in [...]
Scottsdale real estate has its own Cyber Monday going on. Quite a few new listings and more than a handful of price reductions over this past Thanksgiving weekend. During the past four days, 45 single family homes were listed in Scottsdale: Scottsdale Single Family Homes – New to Market Listings and 41 price reductions took [...]
A quick look at today’s real estate market in Scottsdale. Supply has dropped 30% over the past 2 years. Demand has increased steadily over the past 3 years. Price per square foot is now running about the same as in 2003, just as the market started its run-up. The supply of homes is at pre-boom [...]
If you’d asked me in February what I thought of the Scottsdale condo market, I would have told you it was dead, and that the lack of FHA financing was really hurting sales. It’s totally amazing how quickly times have changed. Condos are selling like crazy. Inventory is dropping, and list prices are definitely creeping [...]
The number of active listings (housing inventory) continues to drop significantly in Scottsdale. On April 27, 2011, the number of active listings in Scottsdale was 2,623 and thirty days later, the number had dropped to 2,409. This equates to a reduction on 8.7% in that time period. Taking a longer term look, Scottsdale inventory for [...]
