scottsdale realtor: Scottsdale Housing Market Statistics over $3 million in 85262
- 05/09/23 06:44 PM
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 (14 comments)
scottsdale realtor: High Rise Condos, Scottsdale, AZ 85254 - $600,000 - $800,000
- 06/15/22 09:34 PM
There are several upscale condo communities in 85254 that have been built in the last 10 years. Lately, multi-family projects have sprung up all over the Phoenix Metro Area, but those in 85254 are on the perimeter, where retail and office space exist. This zip code is frequently called "the magic zip code" and has some unique attributes. 85254 is on the west side of Scottsdale road, mid-Scottsdale. Technically, it should be a Phoenix address, but thanks to the Post Office, this zip code is provided with a Scottsdale address. Phoenix does provide utilities and the schools are in the Paradise (7 comments)
scottsdale realtor: Are you in Sales or Are You a Problem Solver?
- 06/08/22 03:38 PM
The first reaction when anyone hears that I'm a REALTOR®, is to think of the housing market frenzy. "You must be making a lot of money!" The first reaction is to the sales aspect of real estate. Yes, homes are flying off the shelves, but in order to do that we have to first examine the expected outcome and the reasons for buying or selling.
Everyone needs a home. Whether you are renting or own your own home, everyone needs a place for their toothbrush! But not everyone stays in one place throughout their lifetime.
Whatever the reason for a move, there is (13 comments)
scottsdale realtor: 2008 vs 2022 Housing Market
- 04/13/22 05:24 PM
There is a lot of whispers about the current housing market resembling the housing recession. The public "feels" the rise in home prices, the rush to buy, multiple offers, and low inventory, thinking a bubble is on the horizon.
My immediate reaction is, "No. This is not going to turn into a housing recession or a bubble." This 2004 Arizona Republic begged the question, "How long can prices rise."
\ Why we are not going to experience a bubble in real estate in Arizona? WE DON'T HAVE ANY OF THE SAME DYNAMICS that existed in 2005-2006.
Financing Home buyers must now pre-qualify with a lender (2 comments)
scottsdale realtor: June 2021 Home Sales in Phoenix $1 million - $1.5 million
- 07/06/21 01:42 PM
The June home sales activity in the Phoenix Metro Area priced from $1 million to $1.5 million reflect ! During the month of June, 10,212 homes sold in all of Maricopa and parts of Pinal County. Of that number, 6% sold over $1 million
The Active Listings for July 3rd, 2021 reflect 297 homes for sale in all of Maricopa County, and parts of Pinal County, priced from $1 - $1.5 million. Currently there are 297 homes for sale, much less than previous years and down from the beginning of the year. Inventory has ticked upward after a drop in the beginning (9 comments)
scottsdale realtor: January 2021 Phoenix Home Market Report
- 02/08/21 10:00 PM
The Phoenix housing market, like a lot of other markets around the country, is experiencing a serious inventory shortage and increasing sales. Both of these are putting extreme strain on the housing market. Buyers should have considerable downpayments and cash is better. Provide favorable terms to a seller to compete with others. Ask the listing agent in advance what terms and closing date are acceptable to a seller. Asking for a home warranty plan in a purchase offer is a negative to the seller, reducing their net proceeds. Work to provide the best offer to a seller to be competitive. The following reports (11 comments)
scottsdale realtor: The Human Touch and Evolution of Real Estate
- 12/20/19 02:33 PM
The real estate market is evolving and has been for a few years, transitioning into uncharted territory for some real estate markets. As usual, by the time this news is in the headlines, the housing market has already evolved, as does any major segment of the economy. And that evoluation continues to spread. What am I talking about? I-buyers, smart home technology, the public perception of real estate agents, and commissions.
Not every city has experienced the I-buyer phenonmenon, but here in Phoenix, about 6% of our sales are by I-buyer companies with Open Door being the leader of the pack and (60 comments)
This infographic is for all of Maricopa County, which includes over 4.4 million residents. Notice that there are 16,668 active listings as of June 8th, but that's still far below a normal housing market which easily be twice that number.
Clearly this is still a seller's market. Rising prices has forced some buyers out of the market entirely, or they've adjusted their searches to include different property types or fewer upgrades. (4 comments)
scottsdale realtor: Housing Market Update, Peoria, 85382 $300,000 - $400,000
- 07/02/19 11:38 AM
According to the demographic study for zip code 85382 in Peoria, there are just over 40,000 living here, the area is about 10 square miles, and the median income is $67,000. Housing Marketing Update for Peoria, 85382, for prices $300,000 - $400,000 reflects the following data. The Monthly Median Sales Price is $290,000. As you can see prices have risen steadily since 2011 when that price was $135,000. The peak for this zip code was September, 2005 when the median price was $315,000.
Active Listings have dropped since the peak in April of 55 listings down to 46. This is a seasonal decline (6 comments)
The zip code is known as the "magic" zip code by some for several reasons. The 85254 zip code has a Scottsdale address, is technically within the City of Phoenix municipality, is in the Paradise Valley School District which ranks well, and there is great retail and proximity to freeways.
Reports you see here are furnished by subscription to the Cromford Report!
This first report (11 comments)
scottsdale realtor: Scottsdale Housing Update - November, 2018
- 12/02/18 08:18 PM
The Scottsdale Housing Update for November, 2018 reflects rising inventory; however, active listings are down from 8% December 1, 2017. Listings are lower than any time on this chart. Seasonally, listing inventory ticks upward during this time of year as over-priced homes are still on the market during the holidays with hopeful sellers of seasonal homes as our winter visitors descend on the Scottsdale area enjoying our winter fun!
The following reports are provided courtesty of the Cromford Report!
The median price in Scottsdale has risen in a steady pattern since the bottom of the market in 2011. Compared to the housing market (8 comments)
Scottsdale is seeing inventory creep upward, which is cyclical as you can see from this graph. The highest volume of sales occurs in June each year and inventory begins to build thereafter. During the holidays, activity slows for this season through the beginning of April as contracts kick in written since late January. This chart shows the cyclical nature of real estate sales in Scottsdale. Inventory has dropped for the last 3 years in a row, putting upward pressure on prices. Compare that to 2009!
Sales in Scottsdale average about 95 days as shown in this (0 comments)
scottsdale realtor: Cheapest Way to Lower Your Energy Bills
- 08/23/18 09:00 PM
Helping homeowners lower their energy bills has truly been a 10 year learning curve for me benefiting my clients. Thanks to my background, I was invited to be a guest on the podcast "The Weekly Closer." I had such a great time and I can't thank Security Title & Fidelity National Home Warranty enough for the invitation and for how well the interview was put together and hosted!
In this interview, I was able to share the steps to reduce energy bills, the method I used to determine the best return on investment, and why I got into this niche in real (26 comments)
scottsdale realtor: How Not To Sell Your House
- 11/09/17 05:46 PM
Seeing tips, tricks and advice on how to sell your house? Open any publication and you’re likely to see every tip and trick of endless ways to be aware of every possible method to sell your house. Well I’m here to tell you How Not to Sell your House.
In our day to day lives, it’s easy to think it’s a good idea to put every dirty dish in the dishwasher or hand wash them. But that’s not a good idea if you don’t want to sell your house. After all dishes come in MANY place settings.
Two weeks of mail strewn about (9 comments)
scottsdale realtor: Board of Directors, Scottsdale Area Association of REALTORS®
- 10/17/17 11:27 AM
Thank you to the many Scottsdale REALTORS® who voted for me the last few days. I'm happy to announce I'm now on the Board of Directors for the Scottsdale Area Association of REALTORS®! It's an honor and a privilege to serve among some of the finest realtors in the Phoenix Metro Area!
Having been a member of SAAR for the last 15 years, I can attest to the association's leadership and ongoing successes. SAAR is now at located in a new building, has expanded space for classrooms, meeting spaces, rents office space to other businesses with a 100% occupancy rate, and the (13 comments)
What an honor to be nominated to be on the Scottsdale Area Association of REALTORSî (SAAR) Board of Directors! Receiving that surprising call in late September was truly a surprise and an honor. Being recognized for my volunteer efforts and other board positions helped to secure the nomination by a few folks at SAAR.
Can you tell how exciting this is for me? Being on the Board of Directors and accomplishing goals is not foreign concept to me. I’ve been doing projects like this for quite a few years.
New Inventory is up by 4.7% year over year as of August 30, 2017. As of this writing inventory has ticked upward slight as new listings are coming on the market but will slow as the holidays loom in the coming months, a common slow down. Total inventory year over year is down for the year by 9.4%, putting upward pressure on prices. The Months Supply of homes for sale has dipped slightly to 2.65 months, so that if nothing else was (1 comments)
scottsdale realtor: Knowing What to Say in Real Estate
- 08/08/17 06:21 PM
Thanks to Anna's contest regarding Best Business Practices, some great memories are surfacing! Remembering my first few weeks in the business in 2003 reminds me of some valuable lessons learned.
My first year in business was like a lot of new agents. Only thing is I was new to Phoenix as well and newly single to boot.
I didn't have a clue what to say to others about real estate because I was just getting started; however, like a lot of folks I had past careers to draw from. Knowing What to Say in Real Estate wasn't easy, but thinking back (24 comments)
scottsdale realtor: Wineries in Arizona
- 07/26/17 09:27 AM
There are many things to do in Arizona and one great day-trip idea is visiting Wineries in Arizona. Visiting wineries will take you to different parts of the state, but mostly the southern half of the state. A day trip or three and you might visit all of them. In Arizona there are three major wine growing areas stretching from the Verde Valley area to Sonoita/Elgin area to Willcox.
According to the Arizona Wine Growers Association, Arizona has the perfect weather for growing grapes. Go figure! Most folks think of the desert when "Arizona" comes to mind. In fact, Arizona (16 comments)
scottsdale realtor: No One Likes Delays, Especially When Buying a Home
- 07/03/17 04:21 PM
My plane was delayed recently while traveling recently to see my daughter in Texas. The reason for the delay was a broken armrest. WHAAAAT!! How could that delay a flight? It's typical to think of bad weather or mechanical issues when planes are delayed - not arm rests! I guess repairmen take up space for boarding. No one likes delays, especially when buying a home!
The buying public expects good service or they'll move on to another provider. Whether you’re waiting at the doctor’s office or at a checkout counter, no one really likes waiting for very long for anything, nor if (5 comments)
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