I have a short sale listing that’s scheduled to close today, so I’m inspired to take a look at the Scottsdale real estate market, relative to short sales. In the chart above, you can see that Scottsdale short sale listing activity have been really consistent over the past year. With about 400-500 homes listed in [...]
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short sales
I haven’t done a market report on Scottsdale 85258, home to the “Ranches”…. McCormick, Gainey, and Scottsdale. In January, I posted this same chart in the post: McCormick Ranch Real Estate – Least Distressed Area of Scottsdale. A few changes have occurred in past ten months, while some metrics stayed the same. What you will [...]
Michael Orr, from the Cromford Report, published his mid-month update and forecast. I think the most interesting aspect of the report is that foreclosures are not mentioned once, and short sales may have driving the market now. Mid Month Pricing Update and Forecast Each month about this time we look back at the previous month [...]
Paradise Valley is a real estate microcosm. Homes are much larger and median prices are significantly higher than anywhere else in the Phoenix area, including it’s neighbor, Scottsdale. Commonly call “PV”, this city has irregular boundaries, that extend from Camelback Road on the south, to Shea Boulevard on the north. The area is filled with [...]
Last week, I had a buyer ask me if she could write offers on three separate properties, and then just go with the one that was accepted first. In theory, she could do this, although some would recommend disclosing that a buyer is writing multiple offers. In fact, this type of disclosure was done in [...]
Realtors often say things like “Location, location, location”, and “Real estate is local”. Comparing Phoenix and Scottsdale real estate stats really is like comparing apples to oranges, but I’m going to do it anyway. A few facts: Phoenix covers a much larger area, 517 square miles, as compared to Scottsdale’s 184 square miles. Phoenix has [...]
Last week I was contacted by a bank to prep and list their foreclosed properties. It’s been quite a rush of activity to put our team together, and get all work done that is necessary. For now, it appears that most of the homes I will be listing and selling are located outside of Scottsdale. [...]
