Scottsdale, AZ Real Estate News

By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
-September 2021 Scottsdale Homes for Sale and Home Sales - Home sales were up slightly at the end of September, but we did see a decline in UCB contracts and pendings. SCOTTSDALE HOME SALES ACTIVITY – SEPTEMBER 2021 Each month, we look at the following four sales metrics: - Single-family homes for sale - Orange Line - How many homes were on the market at the end of the month. - Under contract, but accepting backup offers (UCB) - Gray Line - How many homes were in UCB status at the end of the month.*- Pending home sales - Yellow Line - How many homes were pending at the end of the month.*- Home Sales - Blue Line - How many homes sold that month. SEPTEMBER 2021 RESULTS Scottsdale Homes for Sale: Inventory was up slightly which is good news, but we definitely need more homes on the market ...
Comments 0
By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
With the frenzied housing market, a lot of home buyers are turning to new construction to solve their housing needs.  Instead of being pressured to buy and sell their homes, home buyers can be on a waiting list and be selected to build a new home with months to spare in selling their existing home.  But oftentimes a home buyer is more worried about a floor plan and square footage and not enough research is done to know about the construction used for their new home.  One bit of research that is rarely ever discussed by a builder or real estate agent- what building code was used to construct that new home?   Building codes are issued every three years and adopted independently by cities.   So not every city is building to the same building code at the same time.  For instance, the 2021 b...
Comments 16
By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
What Do Supply and Demand Tell Us About Today’s Housing Market? There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly. Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices rising? Where are prices headed? What does this mean for homebuyers? Why Are Prices Rising? According to the latest Home Price Insights report from CoreLogic, home prices have risen 18.1% since this time last year. But what’s driving t...
Comments 1
By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Look out from your deck and see what $1 million gets you for a home in Scottsdale Arizona in October 2021 and all year! Hint? ....not as much as last year. Here are the latest and always up to date Million Dollar Plus luxury homes for sale in Scottsdale, Arizona, one of the best places to live in the US! Scottsdale Estate Near Pinnacle PeakHave a Million Dollars? Scottsdale Arizona with many "Lap of Luxury" custom homes selling in excess of $1 million is consistently selected as one of the best cities to live in America by outside rating services. Why? Well, it has been selected as one as the best places to raise a family, "foodie cities", golf resort destinations and is home to beautiful views, sunsets, sunny skies, near Phoenix, hiking and more.  Is Scottsdale living for you? Then it ...
Comments 5
By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
October is upon us and that means new things to do in Scottsdale and around the Valley.  Here are some ideas for things to do in and around Scottsdale for the month of October.  If you are looking for Halloween and Fall Festival events, please check out this post I wrote. Wonderspaces This post will cover non-Halloween events going on... Hamilton - Through October 10th - The world-famous show is playing at ASU Gammage this month. Jurassic Fight Night - October 8th 9th - Get transported back in time for a fight night. Each night, dinosaurs will face off to see who was the more fierce competitor millions of years ago. Scottsdale Philharmonic - October 10th - The Scottsdale Philharmonic will be performing at the Scottsdale Center for the Performing Arts. They will be playing several pieces...
Comments 2
By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Pinnacle Peak Country Club Estates luxury community in North Scottsdale, Arizona 85255. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Pinnacle Peak Country Club Estates in North Scottsdale, ArizonaOctober 4, 2021 Weekly Update Active listings decreased to 2 homes. Average sale price per square foot decreased to $393.40/SqFt. Average sale price as % of list price increased to 100.40%. Average sale price increased to $1,429,857. Highest priced home sold in past 6 months was for $1,895,000. Number of homes sold in past 6 months remained at 7. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 August 2021 vs August 2020 Monthly Update Active listings decreas...
Comments 2
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 4, 2021 Weekly Update Active listings remained at 4 homes. Average sale price per square foot decreased to $453.87/SqFt. Average sale price as % of list price decreased to 98.28%. Average sale price increased to $2,825,000. Highest priced home sold in past 6 months was for $4,400,000. Number of homes sold in past 6 months decreased to 9. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85266 August 2021 vs August 2020 Monthly Update Active listings decreased 56.76%. Months supply decreas...
Comments 0
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 4, 2021 Weekly Update Active listings decreased to 667 homes. Average sale price per square foot increased to $374.43/SqFt. Average sale price as % of list price increased to 99.43%. Average sale price decreased to $1,261,275. Highest priced home sold in past 6 months was for $21,500,000. Number of homes sold in past 6 months decreased to 2,599. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week August 2021 vs August 2020 Monthly Update Active listings decreased 36.90%. Months supply decre...
Comments 1
By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are the latest October 2021 Homes For Sale in Gainey Ranch in Scottsdale Arizona right next to McCormick Ranch and Paradise Valley. Sweet! These Gainey Ranch homes for sale are always up to date, on the MLS, the place people want to live, read on... Looking to move to the exclusive Gainey Ranch  or Gainey Village in Scottdale Arizona, like living in a resort with guarded entrances, golf courses, recreation centers and nestled in between the bike paths and lakes of McCormick Ranch Arizona's most expensive residential town of Paradise Valley. Why not?    Here are the latest and always up to date Homes For Sale in Gainey Ranch Scottsdale on the MLS including detached homes, townhomes, patio homes and condos. Homes For Sale in Gainey Ranch for a FULL PAGE view and create your own Arizo...
Comments 0
By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Increase Your Wealth Homeownership is still a crucial part of the American dream. For those people who own a home (and those looking to buy one), it’s clear that being a homeowner has considerable benefits both emotionally and financially. In addition to long-term stability, buying a home is one of the best ways to increase your net worth. This boost to your wealth comes in the form of equity. Equity is the difference between what you owe on the home and its market value based on factors like price appreciation. The best thing about equity is that it often grows without you even realizing it, especially in a sellers’ market like we’re in now. In today’s real estate market, the combination of low housing supply and high buyer demand is driving home values up. This is giving homeowners a ...
Comments 2
By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Reasons Renters Buy [INFOGRAPHIC] Some Highlights When deciding whether you should rent or buy, make sure you’re considering these factors. Buying a home means consistent monthly payments. Homeownership also helps to build your wealth. And owning a home gives you greater flexibility than renting. If you’re ready to take advantage of the perks of homeownership, let’s connect to explore your options.
Comments 1
By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
The variety of water heaters on the market today gives homeowners more choices as to which type of water heater best suits their needs.   Saving water and energy are keys to lowering energy bills.   So how do you know how best to heat water for your home?  The traditional water heater (storage tank) is the most cost effective model of water heater available.  These can be gas or electric, but aren't always the most energy efficient.  There are ways to manage a water heater to lower energy usage by adding a timer so water is not heated when it's not needed.    In Arizona, traditional water heaters can last anywhere from 8 - 12 years, depending on usage and maintenance.   It's often recommended that they be drained twice a year to clear minerals and calcium build-up within the tank to ext...
Comments 31
By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the DC Ranch luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     DC Ranch in North Scottsdale, ArizonaSeptember 27, 2021 Weekly Update Active listings decreased to 11 homes. Average sale price per square foot decreased to $445.66/SqFt. Average sale price as % of list price decreased to 97.82%. Average sale price decreased to $1,893,088. Highest priced home sold in past 6 months was for $9,500,000. Number of homes sold in past 6 months increased to 70. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 August 2021 vs August 2020 Monthly Update Active listings decreased 50.00%. Months supply decreased 45.00%. ...
Comments 2
By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Desert Mountain luxury home community in North Scottsdale, Arizona 85262. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Desert Mountain in North Scottsdale, ArizonaSeptember 27, 2021 Weekly Update Active listings remained at 51 homes. Average sale price per square foot increased to $517.83/SqFt. Average sale price as % of list price decreased to 96.88%. Average sale price increased to $2,560,771. Highest priced home sold in past 6 months was for $10,500,000. Number of homes sold in past 6 months decreased to 116. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85262 August 2021 vs August 2020 Monthly Update Active listings decreased 41.04%. Months supply de...
Comments 0
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 27, 2021 Weekly Update Active listings increased to 673 homes. Average sale price per square foot increased to $373.45/SqFt. Average sale price as % of list price increased to 99.41%. Average sale price increased to $1,263,831. Highest priced home sold in past 6 months was for $12,000,000. Number of homes sold in past 6 months decreased to 2,652. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week August 2021 vs August 2020 Monthly Update Active listings decreased 36.90%. Months supply de...
Comments 1
By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
McCormick Ranch Beckons! Here are the September 2021 and always current Marvelous McCormick Ranch homes for sale in Scottsdale Arizona on the MLS. What is there not to like about living in Scottsdale Arizona and McCormick Ranch? How about this photo (The McCormick Ranch Stillman Railroad Park)...Nice!McCormick Ranch was the first multi builder planned community built in the United States with amenities such as parks, golf courses, bike trails, underground power lines, lakes, resort hotels, excellent schools and more. McCormick Ranch was one of the first multi builder Property Owner Association (POA) communities built in the US with lakes, bike paths, parks, retail and all types of residential homes. Built on the former McCormick Ranch cattle ranch it is flanked by Camelback Mountain, re...
Comments 2
By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Scottsdale AZ Real Estate Housing Market Report for August 2021:  After increasing over $56,000 between April and May, and reaching an all-time high of $1,247,173, the average sales price of homes in Scottsdale has decreased by $115,171 over the last three months, down to $1,132,002 in August. At the same time, the average sold price per square foot increased from $373/sf last month to $376/sf for August, the same as it was in June. After remaining the same or decreasing for six straight months (every month this year since January), the days on market for August actually increased, but by just one day, to 35 DOM. This just means that homes in Scottsdale are still selling very quickly. Click on the image below to read the full article, and see what is going on in...
Comments 2
By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
 Expert Quotes on the Fall Housing Market Experts agree that the housing market is still strong this fall and gives both buyers and sellers unique opportunities. Let's connect if you are ready to make a move this season. Watch Now
Comments 2
By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Two Reasons Why Waiting a Year To Buy Could Cost You If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself two simple questions: What will home prices be like in 2022? Where will mortgage rates be by the end of 2022? Let’s shed some light on the answers to both of these questions. What will home prices be like in 2022? Three major housing industry entities project continued home price appreciation for 2022. Here are their forecasts: Freddie Mac: 5.3% Fannie Mae: 5.1% Mortgage Bankers Association: 8.4% Using the average of the three projections (6.27%)...
Comments 0
By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
It’s Still a Sellers’ Market [INFOGRAPHIC] Some Highlights Due to low supply and high demand, today is one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. Sellers, don’t miss out on this unique opportunity. Let’s connect so you can take advantage of this hot sellers’ market.
Comments 1
Explore Scottsdale, AZ
Scottsdale, AZ Real Estate Professionals