The number of single family homes under contract in Scottsdale has been at its lowest in recent years. We are rolling into our busiest season for real estate sales in our city. And the number of home on the market has been increasing fairly dramatically over the past couple of weeks. Definitely good new for Scottsdale home … [Read more...] about Scottsdale Real Estate Update: Active Market Ahead
Scottsdale Real Estate
I received the following information on the government shutdown from Paul Wakefield at V.I.P Mortgage. He has given me permission to share it with you in total. The last time we went through a government shutdown in 1995, it was a pain, but not a panic. With Monday's news that the government is in the midst of a shutdown, it's … [Read more...] about 6 Ways the Government Shutdown Affects Home Loans
I’ve heard rumblings from a couple Realtors in the past few weeks about the local real estate market softening just a bit. Having just listed and sold a new Scottsdale home listing in eight days, I wasn’t convinced, so I reviewed the most recent data for Scottsdale real estate. Looking at home sales, it’s easy to see that … [Read more...] about Scottsdale Real Estate Update: Is the market softening?
Zillow provides a significant amount of current home value and forecast data on its web site, including research reports and market overviews. It can be quite overwhelming, because there is so much of it. However, one of the benefits that I’ve gotten from being a member of the Zillow Agent Advisory Board is education … [Read more...] about Strong Scottsdale Home Value Increases Forecast by Zillow
The Business Insider recently published “The 20 Safest Cities in America”, sharing from the latest FBI report on crime in America, and Scottsdale ranked in 6th place. Besides being clean and pretty, it’s great for home buyers to know Scottsdale has crime rates substantially below the national average. If you are looking for … [Read more...] about Scottsdale Ranked as 6th Safest City in U.S.
Apparently, there are still rubblings of another real estate bubble. Here’s the Daily Observation from the Cromford Report discounting that idea for the Phoenix Metro area: “July 28 - One more confirmation of how silly the idea of "another bubble" is. The monthly average for sales price per square foot is today standing at … [Read more...] about Another Real Estate Bubble?
City Rankings - Annual Average Sales Price per Square Foot Home sales prices are up in Scottsdale, as they are all around Phoenix Metro. Looking at this recent Cromford Report, you can see that Scottsdale home prices are ranked #3 on a price per square foot basis, and showing a “modest” increase over the last … [Read more...] about Scottsdale Ranks #3 in Local Home Sales Price
Last week, a future Scottsdale home buyer told me that he’d heard it’s hard to get a loan to buy a house. I was a bit taken by surprise because the majority of home buyers are using conventional mortgages to purchase homes in today’s market. Interest rates are still incredibly low when looked at historically. And, while … [Read more...] about More Phoenix Metro Home Buyers Financing Their Homes
Scottsdale home prices continue to increase. While monthly averages have fluctuated over the past year, ranging between $170 and $210 per square foot, the overall trend in definitely positive. Looking at the annual average, this more tempered measurement shows an average price of $165/SF one year ago, with a steady … [Read more...] about Scottsdale Annual Average Home Prices on the Verge of Breaking $200/SF
Many Scottsdale home owners still believe that we are in the midst of a housing crisis and are delaying putting their homes up for sell. However, if you ask any recent Scottsdale home buyer about the housing crisis, they would either laugh or grimace. From their perspective, it’s was a battle to buy a home. Too few homes … [Read more...] about When will Scottsdale home sellers believe that the housing crisis is over?