Scottsdale Real Estate Market - Where did all the houses go?
Each month as we search and assist our buyers... there is less to pick from! At this writing, there are currently 1,979 single family homes in the market in all of Scottsdale, without price restriction. Last month at the same time on the Scottsdale real estate market, there were 2,029, the previous month 2,324. As for this month, these 1,979 homes range from an 1,100 square foot bank owned listing in South Scottsdale to a 27,000 square foot home on 7 acres in North Scottsdale for $13,900,000.
Looking for something a little more affordable? There are just 350 homes between $250,000 and $450,000 on the Scottsdale real estate market. Want a pool in that price range? Then you've got 185 homes to choose from. Want over 2,000 square feet and at least two garage spaces? You have a selection of 93 homes in all of Scottsdale. If you shy away from short sales, then you've got 69 homes on the market. If it's newer you want, say "younger" than 1990, you have 25 homes.
With that and home loans at historically low rates, I would say to buyers now is the time to get off the fence and purchase now. Soon our friends from the north and the east will be here to take advantage of our Scottsdale real estate market and leave you less to choose from! Many of them purchase with cash, making their offer stronger and ability to close escrow faster.
For more detailed information on a specific Scottsdale area or neighborhood, including your current neighborhood, please contact me. I would love the opportunity to assist you.
Please stay tuned for my reports on the Scottsdale luxury home market, Scottsdale condo market and Scottsdale luxury lofts.
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