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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Statistics
Today’s Cromford Report on Lender Owned Properties shows a changing scene. Basically, bank-owned properties are selling at a very high rate, and new REO properties are not coming to market fast enough to meet demand. Prices have dropped pretty dramatically over the past two years. Maybe with this decreased inventory (listings), we will begin to [...]
Earlier this week, I attended our John Hall & Associates 2009 kick-off, and Jim Sexton presented some very interesting real estate statistics that show our market is changing, again. Phoenix Area Real Estate Statistics – Jan 2009 View SlideShare presentation or Upload your own. (tags: 2009 report) I’ve included the full slide show, and invite [...]
Bryan Jones over at the Talon Group emailed me the following spreadsheet with bank owned property statistics for many of the major cities that occurred during the month of October. City Total Sales REO Sales* % REO Sales* Median Price REO Price* Buckeye 137 88 64% $120,000 $114,500 Tolleson 73 45 62% $139,900 $130,900 Avondale [...]
The median list price for re-sale residential homes in Scottsdale has been rising steadily since last fall. However in most Scottsdale zip codes, the prices increases are seen in the upper 25% of the price range. In the following charts, the first group is defined as lowest 25% priced homes and increase up to the fourth quadrant which [...]
Phil Sexton, also from John Hall & Associates, commented yesterday on the Inman Community area, in response to the question: “How’s the real estate selling in your area??????” The question here in Phoenix: Is it improving or is it seasonal? We have been improving month over month since Jan – but that’s normal. The encouraging [...]
After playing with the Altos real estate research over the past couple months and exploring how this data could help my clients and prospective clients, I finally came up with an idea on how to keep up on the ever-changing real estate market. This morning I’ve created some new pages for you (and me!) that will give you a graphic snapshot of [...]
