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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)
It May Be Time To Consider a Newly Built HomeIf you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home. According to the latest data from the U.S. Census, there’s positive news when it comes to new home construction. When you look at the first three months of this year, you’ll find:  More new homes were completed and are ready to sell. This gives you more move-in-ready options for your search. Builders broke ground and started construction on more single-family homes. ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
GOLF + GREENERY + SCOTTSDALE = A Golf Course home in Scottsdale Arizona! You will enjoy the serenity of living on a golf course...Nice! 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. (Photo: Haidi B, Pixabay) Scottsdale golf course homes with great views are very nice! Scottsdale Arizona Golf...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Reasons To Sell Your House Today [INFOGRAPHIC]Some Highlights Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now. Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move. If you’re thinking about selling your house, let’s connect to discuss if now may be the time to move.
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
A Recession Doesn’t Equal a Housing CrisisEverywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short. As the Federal Reserve explained in their March meeting: “. . . the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years.” While a recession may be on the horizon, it won’t be one for the housing market record books like the crash in 2008. What we have to remember is that a recession doesn’t always lead to a housing crisis.To prove it, let’s look at the historic...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Buyer Activity Is Up Despite Higher Mortgage RatesIf you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much buyer demand has increased in recent months (see graph below):As the graph shows, the first two months of 2023 saw a noticeable increase in buyer traffic. That’s likely because the limited number of homes for sale kept shoppers looking for homes even during colder months.To help tell the story of why the latest report is significant, let’s compare foot traffic this February with each February for...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Why Buying a Home Makes More Sense Than Renting TodayWondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic: “In March 2023, the U.S. rental market experienced single-digit growth for the eighth month in a row . . . The median asking rent was $1,732, up by $15 from last month and down by $32 from the peak but is still $354 (25.7%) higher than the same time in 2019 (pre-pandemi...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Explore Scottsdale Arizona and Buy a Home! 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 ScottsdaleI 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 Scottsdale Arizona Homes For Sale on MLS and ALWAYS UP TO DATEFor FULL PAGE view and fil...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Inflation Reduction Act - The Real Cost is $1.2 TrillionThe Inflation Reduction Act proves to be an Inflation Barn Burner that will make home prices rise and mortgage prices soar. We'll see an increase in stringent energy code regulations that will do little to provide meaningful savings for residential homes other than increase housing prices. We may see a tax credit for replacing your gas stove with an electric stove. Electric costs are rising so the cost of living expenses will increase.Penn Wharton Reassesses Impact of Inflation Reduction Act - Let’s revisit the blunder that costs more than three times the estimates. Wall Street Journal: The Inflation Reduction Act may go down as one of the greatest confidence tricks on taxpayers in history. Democrats used accounting gimmicks to cla...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Recently, I attended an all day class toward earning my Performance Management Network (PMN) designation.   This designation is offered courtesy of the Women's Council of REALTORS, Scottsdale Network.  Class time for this designation is 2 of 3 days, but I may attend all three sessions as this was that good!    The first class is "Effective Negotiating & Shifting Market."  We discussed the challenges of the current marketplace and how to overcome the negative headlines that aren't always accurate.  Lagging indicator attention grabbing headlines aren't obvious to readers.  But if  you know the source and how that company operates, you can better communicate the other side of the argument to the public.  Providing accurate, up to the minute answers to consumers better arms them to make inf...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]Some Highlights With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget. You can also work with a trusted lender to consider alternative financing options and search for down payment assistance. If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Hello Mr. Smith, Welcome Home! No, not an Artificial Intelligence robot or a Ring Doorbell Greeting but an human Guard in a Gate in Scottsdale Arizona. Well, many people do PREFER living in guarded and gated entrances in Scottsdale Arizona. Here are Scottsdale Homes For Sale in Gated or Guarded Communities homes for sale on the MLS and ALWAYS UP TO DATE on the day you are reading this. These gated or guarded homes are in all price ranges. If you need a Buyer's Realtor that can show you a home listed by any Broker, I can represent you at no cost to find a home and/or obtain financing if you don't have it, for these homes on the MLS. (Photo: Gerd Altmann, Pixabay)Scottsdale Arizona Homes with Gated Entrance or Guarded Communities ALWAYS UP TO DATE on the MLSFor FULL PAGE view UPDATED DAIL...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
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 (Photo: McCormick Ranch by Scott Amonson)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 FREE MLS SEARCH Portal in Arizona, my courtesy t...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Why You May Want an Energy-Efficient Home [INFOGRAPHIC]Some Highlights Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. Energy prices have increased over the last year, so look for energy-efficient features in your home search. If you’re looking to buy a home this year, let’s connect so you have a partner to help you consider which features are most important to you.
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
 - March 2023 Scottsdale Housing Market Video - Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of March. March 2023 - Video   Scottsdale Active Listings  The number of homes for sale at the end of March was up 127% compared to the previous March. However, in March 2022, our market was experiencing significant shortages in inventory. If we compare month-over-month, the number of listings was down 8% between the end of February and the end of March.  Median List Price for Scottsdale Homes  The median listing price is the price at which half of the listed homes have higher prices and half of the homes have lower prices.March's median listing price for Scottsdale was $1.4 million. This comes in lower than March 2022's $1.55 million, b...
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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 March 2023: After a significant increase last month, the average sales price of Scottsdale homes saw a decrease this month, going from $1,451,930 in February, to $1,348,871 in March. The average sales price of Scottsdale homes has remained fairly steady over the last six months. Click on the image below to read the full article and see what is going on in the Scottsdale Arizona real estate market.  After increasing last month, the average price of Scottsdale homes per square foot has decreased this month, going from $446/sf in February to $436/sf in March. The average sold price per square foot in Scottsdale has only increased in 2 out of the last 10 months. Scottsdale days on market remained exactly the same th...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Falling out of Love with Your House? It May Be Time To Move.Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move.According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the average person has lived in their current house for ten years. If you’ve been in your home for a while, think about how much in your life has changed since you moved in. Even if you thought it would be your forever home when you bought it, it doesn’t have to be. Work with a local real estate agent to explore all your options in today’s market before settling for your curren...
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By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- March 2023 Scottsdale Homes for Sale and Home Sales - We saw a big jump in home sales during the month of March which is in line with what we typically see this time of year. We did see new contracts fall off a little bit though. SCOTTSDALE HOME SALES ACTIVITY – MARCH 2023 We track the four sales metrics below each month. - Single-family homes for sale - Orange Line - How many homes were for sale at the end of the month. - Under contract, but accepting backup offers (UCB) - Gray Line - How many homes were in UCB status 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 - The number of home sales that month. MARCH 2023 RESULTS Scottsdale Homes for Sale: Inventory dipped slightly when compared ...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
5 Reasons Millennials Are Buying HomesIn the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why? There are plenty of reasons you may choose to become a homeowner. Here’s why other millennials have made that decision (see graph below):This graph shows why millennials are buying homes according to Zonda’s 6th annual millennial survey. The top reasons include building equity, a change in life stage, wanting stability, rising home values, and wanting to make somewhere truly their own. Here’s a look at each in more detail.Building equity – Homeownership is a long-term investment that allows...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
This post is inspired by Bob "RealMan" Timm's post Morning Exercises! Bob's post is about starting your day with what I like to call, "An Attitude of Gratitude."  The post continues to the topic of volunteering at a Christian Radio Show and how he enjoys it.    As we commented back and forth, I was reminded how many years volunteering has been a part of my life, and what it's given me in return.   As we know in Active Rain, inspiration comes from many sources.  A thought, a memory or a  new idea. In this case, memories!  Volunteers are truly the life blood of many organizations, just as Bob has written.  How many times have you been asked to volunteer?  And how many times have you volunteered without being asked?   I have never thought about the topic collectively.  But from high school...
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