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Scottsdale, AZ Real Estate News

By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- March 2024 Scottsdale Homes for Sale and Home Sales - Now that it is the high season, we are seeing lots of sales activity in Scottsdale. Inventory, contracts and sales were all up. SCOTTSDALE HOME SALES ACTIVITY –  MARCH 2024 Each month, we look at the following four items related to home sales: - 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 - The number of UCB contracts there were at the end of the month. - Pending home sales - Yellow Line - How many pending sales there were at the end of the month.*- Home Sales - Blue Line - How many homes sold during the month. MARCH 2024 RESULTS Scottsdale Homes for Sale: Inventory fell slightly by the end of the month. Howev...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Is It Getting More Affordable To Buy a Home?Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says:“We’re slowly climbing our way out of an affordability hole, but we have a long way to go. Rates have come down from their peak and are expected to fall again by the end of the year, which should make homebuying a little more affordable and incentivize buyers to come off the sidelines.”1. Mortgage RatesMortgage rates have been volatile this year – bouncing around in the upper 6% to low 7% range. That’s still quite a bit higher than where they ...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Oops! Home Prices Didn’t Crash After AllDuring the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts:Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business:“I expect housing prices fall 10% to 15%, and the housing prices are accelerating on the downside.”Mark Zandi, Chief Economist at Moody’s Analytics: "Buckle in. Assuming rates remain near their current 6.5% and the economy skirts recession, then national house prices will fall almost 10% peak-to-trough. Most of those declines will happen sooner rather than later. And house prices will fall 20% if there is a typical recession.” Goldman Sachs:  “Housing is already cooling in the U.S., according to July data t...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
What to  Do and Where to Live in Sunny Scottsdale Arizona? You have come to the right place for both questions.There is so much to do in Scottsdale and did I mention the the SUN? Take a hike, play some golf, a jeep tour, art walk, climb Camelback Mountain. However there are plenty of OTHER things to do as well. You may wish to bookmark or save this blog link if you are planning to visit or move to Arizona.... Read on....(Photo: Scottsdale Police and Fire HQ by Jeff Masich)More things to do in Scottsdale and Phoenix MetroI love these "Things To Do in Arizona" focusing on Scottsdale and the Phoenix metro area right in the middle of the state with access to the Grand Canyon to Sedona and the lakes and pine tree country of the Mogollon Rim.While you are here Buy a Home in ScottsdaleSunny Sc...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
The Scottsdale Airport has a rich history that dates back to World War II!  It's never been a commercial airport, but is an International Airport.   Pictured above are all Hall of Fame recipients for 2023.  Originally known as the Thunderbird Airfield #2, this airport included an airstrip, hangars, classrooms and dormitories.   The airport was a training field for 5500 Army pilots from 1942 - 1944.   The Scottsdale Airport has made improvements over the years as private plane owners arrive for all of the major events held in Scottsdale.   According to this article from Airport Improvement Magazine, In 2019, a 23,800 square foot Aviation Business Center opened htat includes a new restaurant,  airport administration offices, Thunderbird Veterans Memorial, two banquet spaces, US Customs an...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Just yesterday, my friend texted me with the exciting news that her offer was the winning bid in her home state of Oklahoma!  She lives here in Cave Creek, Arizona, but her daughter will be attending school in Oklahoma.  She tasked me with finding an agent to help her.   ActiveRain to the rescue.  Scouring the list of agents in the leaderboard made it easy to find an agent in her desired city.  After contacting the agent, he explained his wife is also a loan officer.  Normally a conflict, he explained that others have given her high marks for her lending and customer service.   Armed with this knowledge, I reached out to my friend.  The connection was made and in 2 days, the house is now under contract.  It's a real charmer and completely remodeled in an excellent area.  Because my frie...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Moving Now Can Give Your House Its Day in the Sun [INFOGRAPHIC]Some Highlights If you want to sell your house, consider doing it this summer. The days are longer, the weather is warmer, and it’s a great time for sellers. If your needs have changed, now’s the time to capitalize on the low inventory and multiple offers in today’s sellers’ market. Let’s connect today if you’re ready to sell your house and move to a home that meets your changing needs.
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Today’s Real Estate Market: The ‘Unicorns’ Have Galloped OffComparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word: “Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed, and people needed a home office and a big backyard.  Waves of first-time and second-ho...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Memorial Day is a holiday weekend celebrated with gatherings of friends and family.  Barbecues and outdoor get togethers are a welcome beginning to summer vacations. But the day is meant for a different celebration.  Memorial Day, originally known as Decoration Day, is a dedication to those who have given the ultimate sacrifice so that we can enjoy the freedom that is so well known around the world.    Some of the best speeches about the reason for the holiday are by Ronald Reagan.  This year while contemplating this post, I happened upon a site I had never heard of before, Taps Across America.  Taps Across America is an organization created in 2020, sponsored by Taps for Veterans, founded in 2012.    Taps for Veterans  was formed to provide buglers for veterans memorial services.   Due...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
People are remodeling and expanding homes on McCormick Ranch in Scottsdale Arizona. Why? McCormick Ranch in Scottsdale Arizona is where YOU WANT TO LIVE! Buy a home with views of Camelback Mountain with the ALWAYS UP TO DATE  Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale on the day you are reading this. As your Buyer's REALTOR® in McCormick Ranch I can show you all homes listed by All Brokers and look out for YOUR best interests. Give give me a call/text at 480-242-6500 for more information. Updated Daily on the MLS! McCormick Ranch in Scottsdale Arizona Detached Homes (Active, Pending, Sold Comps)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...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
An article in REALTOR® Magazine inspired me to write this post, thanks to my friend and fellow NAR GREEN Designee, Craig Foley.  The article  is a reminder of all that I've learned since 2008 about selling high performance homes.  The process is different and requires expanded education to market, sell, and garner more value for this unique homes.    Read on to see why and how the process is different. In June, 2010,  a form was created to serve as an attachment to appraisals.  The form is now six pages long and is very comprehensive.    Why was this form created?  What information is added to the form?  Where is it housed?  Who created this form?    The form was created to account for the many features included in a high performance home.  What is a high performance home?  Homes with f...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Scottsdale AZ Real Estate Housing Market Report for April 2023: After decreasing last month, the average sales price of Scottsdale homes saw an increase this month, going from $1,346,171 in March, to $1,392,839 in April. The average sales price of Scottsdale homes has fluctuated up and down every other month so far this year. Click on the image below to read the full article and see what is going on in the Scottsdale Arizona real estate market.   After decreasing last month, the average price of Scottsdale homes per square foot has increased this month, going from $436/sf in March to $445/sf in April. The average sold price per square foot in Scottsdale has only increased in 3 out of the last 10 months. After remaining exactly the same in February and March, Scot...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Have you been High Stepping while dancing through your entire life? Do you like keeping your feet on the ground in Arizona these days?Here are Scottsdale Single Story Homes For Sale on the MLS and ALWAYS UP TO DATE on the day you are reading this. If you need a Buyer's Realtor, I can represent you at no cost to find a home, help you obtain financing if you don't have it, for these homes on the MLS listed by all brokers. Jeff Masich showing single level homes in Scottsdale. (Photo: High Step by Mike Fosert, Pixabay)Scottsdale Arizona 1 Level Homes UPDATED DAILY on MLSFor 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...
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By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- April 2023 Scottsdale Homes for Sale and Home Sales - April was a mixed month in terms of sales activity. The number of homes for sale as well as actual home sales were down, but pending contract activity was up. SCOTTSDALE HOME SALES ACTIVITY – APRIL 2023 Each month, we look at the following four items: - Single-family homes for sale - Orange Line - The number of homes on the market at the end of the month. - Under contract, but accepting backup offers (UCB) - Gray Line - The number of homes in UCB status at the end of the month.*- Pending home sales - Yellow Line -The number of pending sales at the end of the month.*- Home Sales - Blue Line - How many homes sold over the course of the month. MARCH 2023 RESULTS Scottsdale Homes for Sale: The number of homes for sale fell for the seco...
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
 - April 2023 Scottsdale Housing Market Video - Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of April. April 2023 - Video   Scottsdale Active Listings  The month of April closed out with 1,061 homes for sale. This is up 72% over April 2022, but at that time, Scottsdale was severely lacking in homes for sale. Inventory at the end of April was down 9% compared to the end of March. We have been seeing the number of homes for sale trend down over the last couple of months.  Median List Price for Scottsdale Homes  If you are not familiar with the median listing price, it is it the midpoint price of all of the homes on the market. 50% of the homes are priced higher and 50% of the homes are priced lower. In April, Scottsdale's median l...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
The Best Time To Sell Your House Is When Others Aren’t SellingIf you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April (see graph below):While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Love Scottsdale Arizona? Here are Condos, Townhomes, Patio Homes for sale in Scottsdale on my FREE Arizona MLS and UPDATED DAILY. You will have access to a Free MLS search where you can set up and filter your own personal portal and contact me as your Buyer's Realtor to see any of these homes. (Photo: Condos at Fashion Square Mall Old Town Scottsdale by Bonandbon, Freepik)UPDATED DAILY Scottsdale Arizona Patio Homes, Condos & Townhomes For Sale on MLS Scottsdale condos, townhomes and patio homes for sale UPDATED DAILY on the MLS for FULL PAGE View and create and filter your own Arizona FREE MLS SEARCH PORTAL and contact me as your Buyer's Realtor to see these homes Do you love Scottsdale Arizona? Most people do. Accordingly, sunny Scottsdale is the most expensive city to buy a single fa...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Scottsdale Housing Market statistics are provided by subscription to the Cromford Report.  The Cromford Report includes all sales from the Maricopa County Assessors office, northern  Pinal County and southern Yavapai County.  With the housing frenzy in the rear view mirror, the current Scottsdale housing market statistics for homes over $3 million in 85262 are surprising.  For homes in that zip code over $3 million, active listings have picked up to 31 homes.  For a zip code of 12,701 primary and secondary home owners, this is not a large number.  Given that there were 25 in February of 2020, this is not a huge increase.   By comparison, this chart by square foot shows all of the active listings in Scottsdale.  There are 98 homes available in Scottsdale from 5,000 to 6,000 square feet. ...
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