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Scottsdale, AZ Real Estate News

By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
We’re in a Sellers’ Market. What Does That Mean? Even though activity in the housing market has slowed from the frenzy we saw over a year ago, today’s low supply of homes for sale is still a sellers’ market. But what does that really mean? And why are conditions today so good if you want to list your house?It starts with the number of homes available for sale. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Today, we have a 2.6-month supply of homes at the current sales pace. Historically, a 6-month supply is necessary for a ‘normal’ or ‘neutral’ market in which there are enough homes available for active buyers (see graph below):What Does This Mean for You?When the supply of homes for sale is as low ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Climb MOUNTAINS and NOT STAIRS in sunny Scottsdale Arizona. Get your exercise hiking the McDowell Mountains or maybe Camelback Mountain or Piestewa Peak. Don't sweat it in your home with these 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: Camelback and Mummy Mountain viewed from Scottsdale) Scottsdale Arizona 1 Level Homes UPDATED DAILY on MLS 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 Se...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Get Ready: The Best Time To List Your House Is Almost HereIf you’re thinking about selling this spring, it’s time to get moving – the best week to list your house is fast approaching.Experts at realtor.com looked at seasonal trends from recent years (excluding 2020 as an uncharacteristic year due to the onset of the pandemic) and determined the ideal week to list a house this year: “Home sellers on the fence waiting for that perfect moment to sell should start preparations, because the best time to list a home in 2023 is approaching quickly. The week of April 16-22 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week in the year.” If you’ve been waiting for the best time to sell, this is your chance. But remember, before...
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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 February 2023:  The average sales price of Scottsdale homes saw a significant increase this month, going from $1,257,035 in January, to $1,451,930 in February. This is the highest average sales price month since Scottsdale reached the all-time high of $1,499,763 in June of 2022.After decreasing or remaining the same for 3 straight months, the average price of Scottsdale homes per square foot has increased, going from $431/sf last month to $446/sf for February. The average sold price per square foot in Scottsdale has only increased in 2 out of the last 9 months. Scottsdale days on market has decreased last month, but increased again in February, going from 75 DOM in January to 77 DOM this month. This is the highe...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Have You Thought About Why You Might Want To Sell Your House? [INFOGRAPHIC]Some Highlights If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you. If you find your home no longer meets your needs, it may be time to sell. You have a lot to consider when deciding if you should move. Let’s connect today to go over the benefits of selling your house.
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Are you ready for some adventures in the wide open spaces of the Grand Canyon State? Do you love the SUN? Buying your own home in Sunny Scottsdale Arizona or the entire Valley of the Sun in the Phoenix metro is the way to go! In the center of Arizona adventures await in all directions. Here are ALL Scottsdale Single Family Homes For Sale on the Arizona MLS UPDATED DAILY. (Photo: Arizona arch, Pixabay) 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. Call or Text me at 480-242-6500 with your questions.   Sunny Scottsdale Arizona Homes For Sale on MLS and ALWAYS UP TO DATE For FULL PAGE view and filter into price order Scottsdale Single Family Homes For Sale UPDATED DAILY...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
When is the best time for a Home Physical?In Arizona, the best time is before we get smoking hot! I always suggest to my clients/friends and family, to get a physical on the house done in March to April for the upcoming summer months, then again in Oct/November to be prepared for what we call "winter". We really don't have winter in AZ. Below is a list of items, along with some quick watch videos, on what to do for your Annual Home Physical.The main items to get checked out are as follows:AC Serviced by an HVAC Technician. Always helps to have someone you trust, come out 2x a year (Spring and Fall) to give your units a tune up.Water Heater and Plumbing. Always a good idea, 2x a year, turn on and off all your water shut off valves. for all your toilets and sinks. These can stick shut aft...
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
- February 2023 Scottsdale Housing Market Video - Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of February. February 2023 - Video Scottsdale Active Listings Active listings were up significantly when compared with February 2022. This 157% increase shows you how few homes were on the market at this time last year. And even though the number of homes for sale is up, we are still running at a lower level than normal. Plus, when you look at the end of February 2023 compared to the end of January 2023, the number of homes for sale actually decreased by 5%. Median List Price for Scottsdale Homes If you are not familiar with the median listing price, it is the price where 50% of the homes for sale have higher prices and 50% of the home...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
What’s Ahead for Home Prices in 2023Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened. Others have forecasted a real estate market that could see slight appreciation or depreciation depending on the area of the country. And as we get closer to the spring real estate market, experts are continuing to forecast what they believe will happen with home prices this year and beyond.Selma Hepp, Chief Economist at CoreLogic, says:“While 2023 kicked off on a more optimistic note for the U.S. housing market, recent mortgage rate volatility highlights how much uncertainty remains. Nevertheless, the continued shortage of for-sale homes is likely to keep price declines mod...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
What Buyer Activity Tells Us About the Housing MarketThough the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.” That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below):The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, it’s normal for showings to increase early in the year, but the jump this January was lar...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Balancing Your Wants and Needs as a Homebuyer This SpringThough there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: “While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic in 2017 to 2019. This means that there are still fewer homes available to buy on a typical day than there were a few years ago.”The current housing shortage has an impact on how you search for a home this spring. With limited options on the market, buyers who consider what’s a necessity versus what’s a nice-to-have will be more successful in their home search.The first step? ...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
An Expert Gives You Clarity in Today’s Housing Market The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process. Real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now. Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it...
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By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- February 2023 Scottsdale Homes for Sale and Home Sales - Even though February is a shorter month, we saw a nice increase in sales and contract activity. February falls during the high season and we typically see things pick up during this time. SCOTTSDALE HOME SALES ACTIVITY – FEBRUARY 2023 Every month, we track the following four items related to home sales in Scottsdale. - 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 UCB contracts 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 during the month. JANUARY 2023 RESULTS Scottsdale Homes fo...
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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 GOLF? Have you dreamed about living on a golf course in Sunny Scottsdale, Arizona? Here are UPDATED DAILY Scottsdale golf course homes for sale on the MLS listed by all brokers. Check here for pictures, prices and details of single family detached homes, condos, townhomes and patio homes on golf course lots.   Golf, sunsets, cacti, patio looking on the fairway now we are talking. Like golf course water views? Check out Scottsdale waterfront homes for sale. Call/Text me Jeff Masich 480-242-6500 as your Buyer's REALTOR for any homes listed on the MLS. Scottsdale golf course homes with great views are very nice!Scottsdale Arizona Golf Course Homes UPDATED DAILY on MLSScottsdale Golf Course Homes for Sale (all types) for a FULL PAGE view of detached homes, condos, townhomes and patio h...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Benefits of owning a home versus Renting a Home - Rent vs. BuyOwning a home and renting a home are two very different choices that come with their own set of benefits and drawbacks. Here are some benefits of owning a home as opposed to renting:Investment: One of the biggest benefits of owning a home is that it is an investment. Over time, your home can appreciate in value, which means that you can build equity and potentially sell your home for a profit in the future. Stability: Owning a home can provide stability and a sense of permanence. You don't have to worry about being forced to move if your landlord decides not to renew your lease or sells the property. Personalization: Homeowners have the freedom to customize their homes to their liking without having to worry about violating a...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Buying a Home May Make More Sense Than Renting [INFOGRAPHIC] Some Highlights If you’re trying to decide whether to rent or buy a home, there are a few things you should consider. Homeownership can help you escape the cycle of rising rents, builds your wealth, and serves as a hedge against inflation. If you’re ready to take advantage of the benefits of homeownership, let’s connect to explore your options.
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