Sales picked up the pace a bit in Arcadia (Area 405) in March with 5 properties SOLD and 4 more PENDING.  This was better than the 2 SOLD in February.  Paradise Valley (AREA 404) sales remained robust with 42 SOLD and 59 PENDING.

The lower price points in South Scottsdale and South Arcadia continue to sell more quickly and at closer to asking prices.  I have been working with first-time home buyers in the under $200,000 range in these areas and we're finding many of these properties are getting contracts at or near asking price.