Scottsdale, AZ Real Estate News

By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
The Cost of Waiting for Mortgage Rates To Go Down Mortgage rates have increased significantly in recent weeks. And that may mean you have questions about what this means for you if you’re planning to buy a home. Here’s some information that can help you make an informed decision when you set your homebuying plans. The Impact of Rising Mortgage Rates As mortgage rates rise, they impact your purchasing power by raising the cost of buying a home and limiting how much you can comfortably afford. Here’s how it works. Let’s assume you want to buy a $400,000 home (the median-priced home according to the National Association of Realtors is $389,500). If you’re trying to shop at that price point and keep your monthly payment about $2,500-2,600 or below, here’s how your purchasing power can chang...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Whisper Rock luxury home community in North Scottsdale, Arizona 85266. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Whisper Rock Estates in North Scottsdale, ArizonaOctober 3, 2022 Weekly Update Active listings increased to 4 homes. Average sale price per square foot increased to $694.79/SqFt. Average sale price as % of list price decreased to 92.25%. Average sale price increased to $3,254,833. Highest priced home sold in past 6 months was for $3,595,000. Number of homes sold in past 6 months decreased to 3. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85266 August 2022 vs August 2021 Monthly Update Active listings increased 62.50%. Months supply increa...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Silverleaf luxury home community in North Scottsdale, Arizona 85255. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Silverleaf in North Scottsdale, ArizonaOctober 3, 2022 Weekly Update Active listings decreased to 21 homes. Average sale price per square foot increased to $824.54/SqFt. Average sale price as % of list price decreased to 96.18%. Average sale price increased to $7,239,484. Highest priced home sold in past 6 months was for $28,100,000. Number of homes sold in past 6 months decreased to 20. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 August 2022 vs August 2021 Monthly Update Active listings increased 41.25%. Months supply increased 190.9...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
North Scottsdale Real Estate Market Update for all listed homes in zip codes 85254, 85255, 85258, 85259, 85260, 85262 and 85266. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     North Scottsdale, ArizonaOctober 3, 2022 Weekly Update Active listings increased to 1,101 homes. Average sale price per square foot decreased to $465.03/SqFt. Average sale price as % of list price decreased to 99.01%. Average sale price decreased to $1,519,888. Highest priced home sold in past 6 months was for $28,100,000. Number of homes sold in past 6 months decreased to 1,788. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week August 2022 vs August 2021 Monthly Update Active listings increased 46.73%. Months supply inc...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are the ALWAYS UP TO DATE list of custom and semi custom homes in Buenavante of Scottdale Arizona homes for sale with pictures, prices and map location. Buenavante is a hidden jewel in Scottsdale at a generally lower price when compared to the surrounding other multi Million Dollar custom homes. Relax in your new beautiful home with the great Arizona weather in the heart of Scottsdale surrounded by million dollar homes. (Photo: Buenavante Jeff Masich)Buenavante was built between Scottsdale and Hayden Roads on the west and east and between Sweetwater and Cactus on the north and south. The wonderful Cactus Park with basketball, city swimming pools and activity classes, picnic areas is on the west side of Buenavante.Buenavante Homes For Sale on MLS and ALWAYS UP TO DATEBuenavante home...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
How an Expert Can Help You Understand Inflation & Mortgage Rates If you’re following today’s housing market, you know two of the top issues consumers face are inflation and mortgage rates. Let’s take a look at each one. Inflation and the Housing Market This year, inflation reached a high not seen in forty years. For the average consumer, you probably felt the pinch at the gas pump and in the grocery store. It may have even impacted your ability to save money to buy a home. While the Federal Reserve is working hard to lower inflation, the August data shows the inflation rate was still higher than expected. This news impacted the stock market and fueled conversations about a recession. It also played a role in the Federal Reserve’s decision to raise the Federal Funds Rate last week. As Ba...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
The True Strength of Homeowners Today The real estate market is on just about everyone’s mind these days. That’s because the unsustainable market of the past two years is behind us, and the difference is being felt. The question now is, just how financially strong are homeowners throughout the country? Mortgage debt grew beyond 10 trillion dollars over the past year, and many called that a troubling sign when it happened for the first time in history. Recently Odeta Kushi, Deputy Chief Economist at First American, answered that question when she said: “U.S. households own $41 trillion in owner-occupied real estate, just over $12 trillion in debt, and the remaining ~$29 trillion in equity. The national "LTV" in Q2 2022 was 29.5%, the lowest since 1983.” She continued on to say: “Homeowne...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are the ALWAYS UP TO DATE  Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale written this day in September 2022 but also whenever you read this you will see the most current listings. When you are ready to buy a home in McCormick Ranch I can show you all homes listed by All Brokers and look out for interests of you the Buyer. Give give me a call/text at 480-242-6500. Updated Daily on the MLS! McCormick Ranch in Scottsdale Arizona Detached Homes (Active, Sold, Pending) and ALWAYS UP TO DATE!For my Buyer Clients, I provide all Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale on MLS updated daily for FULL PAGE view. Also, create your own FREE MLS SEARCH Portal in Arizona, my courtesy to you and call me if you wish to see some of the homes.For m...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
In the best Arizona city to live are Scottsdale Single Family Homes For Sale on the MLS and ALWAYS UP TO DATE on the day you read this but written in September 2022. As your Buyer's Realtor I can show you any of the these homes listed on the MLS listed by all brokers. I will also look out for YOUR best interests at no cost to you. (Photo: Jeff Masich, Buyer's Realtor showing Scottsdale homes with Camelback Mountain in background)For FULL PAGE view Scottsdale Single Family Homes For Sale and feel free to "filter" or create your own personalized free Arizona MLS Search Portal provided by me, your Buyer's Realtor. Other Categories of Scottsdale Homes for Sale Today on the MLSYour Scottsdale Neighborhood Buyer's Realtor Scottsdale Single Family Detached Homes "For Sale" Scottsdale Homes wit...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
North Scottsdale boasts some of the most beautiful scenery in the Phoenix metro area, where mountain views are plentiful and natural landscapes are treasured.  This photo was taken in 85262 in North Scottsdale!  There are also spectacular mountain views of the Sonoran McDowell Preserve, which is 30,500 contiguous acres and 225 miles of hiking trails.   Scenery in these 2 zip codes is spectacular!  Inventory for homes priced from $3 million on up has doubled since the first of the year to 68 homes for sale.  These reports include both 85255 and 85262 zip codes, with a total population of 55,921 and a median income of $135,272 and $138,924 for each zip code. Charts for this report provided by subscription to the Cromford Report.  Please don't duplicate. Price reductions have been rising i...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Scottsdale Arizona is one of the top 10 cities to live in the US! Here are the ALWAYS UP TO DATE Scottsdale Pool Homes For Sale on the MLS with pictures, prices and maps in September 2022 or when you read this. As your Buyer's Realtor, I can show you any home listed by any broker and watch our for YOUR best interests at no cost to you. (Photo: Buenavante in Scottsdale pool home)Scottsdale Arizona Pool Homes For Sale (ALWAYS UP TO DATE)Scottsdale Pool Homes For Sale for FULL PAGE view and ALWAYS UP TO DATE or to create your own personal Arizona MLS Search PortalIslands at McCormick Ranch in Scottsdale pool home and also on lakes are very popularScottsdale, Arizona is ranked as one of the top 10 cities to live, "foodie" cities and safest cities in the US by independent national studies! F...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Do you LOVE WALLS? Many people do love walls and living in guarded and gated entrances in Scottsdale Arizona. Here are Scottsdale Homes For Sale in Gated or Guarded Communities on the MLS and ALWAYS UP TO DATE in September 2022 in all price ranges. If you need a Buyer's Realtor that can show you a home listed by any Broker, I can represent you at no cost to find a home, obtain financing if you don't have it, for these homes on the MLS listed by all brokers. Scottsdale Arizona Homes with Gated Entrance or Guarded Communities ALWAYS UP TO DATE on the MLSFor FULL PAGE view ALWAYS UP TO DATE Scottsdale Homes For Sale in Gated or Guarded Communities and feel free to "filter" or create your own personalized free Arizona MLS Search Portal. Let me help you as your Buyer's Real Estate Agent, loo...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are Scottsdale Single Story Homes For Sale on the MLS and ALWAYS UP TO DATE in September 2022 in all price ranges. If you need a Buyer's Realtor, I can represent you at no cost to find a home, obtain financing if you don't have it, for these homes on the MLS listed by all brokers. Example of Single Story Home I listed and sold in the past on McCormick Ranch Lakes "The Island".For FULL PAGE view Scottsdale Single Story Homes For Sale ALWAYS UP TO DATE and feel free to "filter" or create your own personalized free Arizona MLS Search Portal. Let me help you as your Buyer's Real Estate Agent, looking out for YOUR best interests.Scottsdale Homes for Sale TodayYour Scottsdale Neighborhood Realtor Scottsdale Single Family Detached Homes "For Sale" Scottsdale Homes with a Guest House or Ca...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
What Experts Say Will Happen with Home Prices Next Year Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long they would last. If you’re asking yourself: what’s ahead for the price of my home, know that experts are now answering this question, and it's welcome news for homeowners who may have been led by the media to believe their home would lose value. Historically, home prices have appreciated at a rate near 4%. For 2023, the average of six major forecasters noted below is 2.5%. While one, Zelman & Associates, is calling for depreciation, the other five are calling for appreciation. The ...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Top Reasons Homeowners Are Selling Their Houses Right Now Some people believe there’s a group of homeowners who may be reluctant to sell their houses because they don’t want to lose the historically low mortgage rate they have on their current homes. You may even have the same hesitation if you’re thinking about selling your house. Data shows that 51% of homeowners have a mortgage rate under 4% as of April this year. And while it’s true mortgage rates are higher than that right now, there are other non-financial factors to consider when it comes to making a move. In other words, your mortgage rate is important, but you may have other things going on in your life that make a move essential, regardless of where rates are today. As Jessica Lautz, Vice President of Demographics and Behavior...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Watching the Stock Market? Check the Value of Your Home for Good News. While watching the stock market recently may have started to feel pretty challenging, checking the value of your home should come as welcome relief in this volatile time. If you’re a homeowner, your net worth got a big boost over the past few years thanks to rising home prices. And that increase in your wealth came in the form of home equity. Here’s how it works. Equity is the current value of your home minus what you owe on the loan. Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially. And while rising inventory and mortgage rates have cooled the market some in recen...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Recently, I had the good fortune to "volunteer" to provide board support for the Women's Council for REALTORS®. Okay so actually, I was more like "voluntold"!  But it was one of the best decisions I've made for 2022!   What is Women's Council of REALTORS® (WCR?)   WCR is a "group of successful REALTORS® advancing women as business leaders in the communities we serve."  Even though I sorta knew that, I wasn't entirely sure I wanted to commit.   Given my uncertainty, you can bet I decided to figure it out by attending the "Leadership Amplified" event in Flagstaff, Arizona recently.  I was blown away by the professionalism, excellent speakers, and leaders both present and incoming.  Being that impressed takes quite a bit for me, so you can bet I jumped in with both feet.    Attending a day...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the McDowell Mountain Ranch luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     McDowell Mountain Ranch in North Scottsdale, ArizonaSeptember 19, 2022 Weekly Update Active listings decreased to 34 homes. Average sale price per square foot increased to $479.48/SqFt. Average sale price as % of list price decreased to 101.50%. Average sale price increased to $1,321,619. Highest priced home sold in past 6 months was for $4,135,000. Number of homes sold in past 6 months increased to 87. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 August 2022 vs August 2021 Monthly Update Active listings increased 41.25%. M...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Windgate Ranch luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Windgate Ranch in North Scottsdale, ArizonaSeptember 19, 2022 Weekly Update Active listings remained at 6 homes. Average sale price per square foot increased to $526.51/SqFt. Average sale price as % of list price decreased to 98.01%. Average sale price increased to $1,815,400. Highest priced home sold in past 6 months was for $2,675,000. Number of homes sold in past 6 months decreased to 15. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 August 2022 vs August 2021 Monthly Update Active listings increased 41.25%. Months supply increase...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
North Scottsdale Real Estate Market Update for all listed homes in zip codes 85254, 85255, 85258, 85259, 85260, 85262 and 85266. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     North Scottsdale, ArizonaSeptember 19, 2022 Weekly Update Active listings increased to 1,078 homes. Average sale price per square foot increased to $467.23/SqFt. Average sale price as % of list price decreased to 99.43%. Average sale price decreased to $1,540,085. Highest priced home sold in past 6 months was for $28,100,000. Number of homes sold in past 6 months decreased to 1,862. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week August 2022 vs August 2021 Monthly Update Active listings increased 46.73%. Months supply ...
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