Scottsdale, AZ Real Estate News

By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Grayhawk luxury community in North Scottsdale, Arizona 85255. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Grayhawk in North Scottsdale, ArizonaAugust 15, 2022 Weekly Update Active listings decreased to 21 homes. Average sale price per square foot decreased to $473.14/SqFt. Average sale price as % of list price decreased to 101.62%. Average sale price decreased to $1,400,049. Highest priced home sold in past 6 months was for $3,111,000. Number of homes sold in past 6 months increased to 45. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 July 2022 vs July 2021 Monthly Update Active listings increased 51.63%. Months supply increased 322.22%. Average s...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
North Scottsdale Real Estate Market Update for all listed homes in zip codes 85254, 85255, 85258, 85259, 85260, 85262 and 85266. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     North Scottsdale, ArizonaAugust 15, 2022 Weekly Update Active listings decreased to 1,042 homes. Average sale price per square foot decreased to $467.81/SqFt. Average sale price as % of list price decreased to 100.40%. Average sale price increased to $1,547,001. Highest priced home sold in past 6 months was for $28,100,000. Number of homes sold in past 6 months decreased to 2,024. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week July 2022 vs July 2021 Monthly Update Active listings increased 46.89%. Months supply increa...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
The U.S. Homeownership Rate Is Growing The desire to own a home is still strong today. In fact, according to the Census, the U.S. homeownership rate is on the rise. To illustrate the increase, the graph below shows the homeownership rate over the last year: That data shows more than half of the U.S. population live in a home they own, and the percentage is growing with time. If you’re thinking about buying a home this year, here are just a few reasons why so many people see the value of homeownership. Why Are More People Becoming Homeowners? There are several benefits to owning your home. A significant one, especially when inflation is high like it is today, is that homeownership can help protect you from rising costs. Lawrence Yun, Chief Economist at the National Association of Realtor...
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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 June 2022:   After Scottsdale's average sales price dropped this last month for the first time since January, the average sales price bounced back up to a new all-time high of $1,499,941 in June from $1,432,021 in May.At the same time, the average sold price per square foot for Scottsdale homes decreased for the first time since November of 2021 and has gone from $483/sf in May to $476/sf in June. The average sold price per square foot in Scottsdale has increased or remained the same in 22 out of the last 24 months. After dropping down to 29 DOM in May, Scottsdale days on market increased to 34 DOM in June. The Scottsdale DOM was as high as 76 in January of 2021, so being at 34 DOM now is still very low, especi...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here today's Active MLS listings on August 11, 2022 and always up to date. This list includes ACTIVE and recently SOLD or PENDING Comparable (Comp) homes for sale in one my favorite places, McCormick Ranch in Scottsdale Arizona. Save this link Comps for McCormick Ranch Scottsdale for the always current active and recently sold comps. When you are ready to buy or sell your McCormick Ranch home give me a call/text at 480-242-6500. (Photo Jeff Masich- View of Camelback Mountain from McCormick Ranch Golf Course)Updated Daily! McCormick Ranch in Scottsdale Arizona Comps of Detached Homes (Active, Sold, Pending)Active, Pending and SOLD Comps for McCormick Ranch Scottsdale on MLS updated daily Active, Sold, Pending for FULL PAGE view. Also, create your own FREE MLS SEARCH Portal in ArizonaFor ...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
What Does the Rest of the Year Hold for Home Prices? Whether you’re a potential homebuyer, seller, or both, you probably want to know: will home prices fall this year? Let’s break down what’s happening with home prices, where experts say they’re headed, and why this matters for your homeownership goals. Last Year’s Rapid Home Price Growth Wasn’t the Norm In 2021, home prices appreciated quickly. One reason why is that record-low mortgage rates motivated more buyers to enter the market. As a result, there were more people looking to make a purchase than there were homes available for sale. That led to competitive bidding wars which drove prices up. CoreLogic helps explain how unusual last year’s appreciation was: “Price appreciation averaged 15% for the full year of 2021, up from the 202...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are today's Scottsdale Single Family Homes For Sale on MLS for August 11, 2022 and ALWAYS UP TO DATE (Photo: Scottsdale downtown and Fashion Square by Bonandbon from Freepik)For FULL PAGE view Scottsdale Single Family Homes For Sale and feel free to "filter" or create your own personalized free Arizona MLS Search PortalScottsdale Homes for Sale TodayYour Scottsdale Neighborhood Realtor Scottsdale Single Family Detached Homes "For Sale" Scottsdale Homes with a Guest House or Casita  Scottsdale Luxury Homes "For Sale"    Scottsdale Townhomes, Patio Homes, Condos "For Sale"   Scottsdale Homes For Sale (All Types) Search on your own   Scottsdale Homes (All Types) "For Lease"   Scottsdale Arizona- InformationWelcome to Scottsdale!  Meet Jeff Masich REALTOR®Jeff Masich talks about buying...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Desert Mountain luxury home community in North Scottsdale, Arizona 85262. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Desert Mountain in North Scottsdale, ArizonaAugust 8, 2022 Weekly Update Active listings increased to 74 homes. Average sale price per square foot increased to $653.31/SqFt. Average sale price as % of list price decreased to 95.61%. Average sale price increased to $3,146,821. Highest priced home sold in past 6 months was for $7,800,000. Number of homes sold in past 6 months remained at 75. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85262 July 2022 vs July 2021 Monthly Update Active listings increased 18.95%. Months supply increased 30...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the DC Ranch luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     DC Ranch in North Scottsdale, ArizonaAugust 8, 2022 Weekly Update Active listings increased to 14 homes. Average sale price per square foot increased to $604.83/SqFt. Average sale price as % of list price increased to 98.88%. Average sale price increased to $2,231,711. Highest priced home sold in past 6 months was for $7,200,000. Number of homes sold in past 6 months decreased to 38. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 July 2022 vs July 2021 Monthly Update Active listings increased 51.63%. Months supply increased 322.22%. Average...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
North Scottsdale Real Estate Market Update for all listed homes in zip codes 85254, 85255, 85258, 85259, 85260, 85262 and 85266. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     North Scottsdale, ArizonaAugust 8, 2022 Weekly Update Active listings decreased to 1,045 homes. Average sale price per square foot increased to $467.92/SqFt. Average sale price as % of list price decreased to 100.55%. Average sale price increased to $1,546,515. Highest priced home sold in past 6 months was for $28,100,000. Number of homes sold in past 6 months decreased to 2,039. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week July 2022 vs July 2021 Monthly Update Active listings increased 46.89%. Months supply increas...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
When I first moved to Scottsdale, Arizona in January, 1999, one of the tourist destinations I visited was in Tucson.  Old Tucson Studios produced  LOTS of old western movies, and some new ones.  It was built in 1939!   When you think of those westerns, dusty scenes come to mind, with scrub brush, cactus, zero trees, and hills.   Ergo Arizona! But now, Acacia Filmed Entertainment is reported to be building a massive studio location in "Phoenix."  The project is on 70 acres with 624,000 sq ft of office space and 14 stages! Local news shares that the site will be very near Talking Stick Resort and Casino which is in Scottsdale on the Salt River Pima Indian reservation .   The new studio will house a "giant 60,000 square foot stage."  Reports are that the stage is going to be one of the lar...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are the August 4 2022 and always up to date Condos, Townhomes, Patio Homes for sale in Scottsdale on the Arizona MLS and access to a Free MLS search where you can set up your own personal portal. (Photo: Scottsdale Old Town and Fashion Square Mall by Bonandbon from Freepik)Today's Scottsdale Arizona Patio Homes, Condos & Townhomes For Sale on MLS Scottsdale condos, townhomes and patio homes for sale on the MLS for FULL PAGE View and create your own Arizona FREE MLS SEARCH PORTAL Do you love Scottsdale Arizona? Most people do. Accordingly, sunny Scottsdale is the most expensive city to buy a single family home within Arizona other than Paradise Valley. If you are looking to spend less money than the cost of a single family home, how about living in a Scottsdale in  a condo or townho...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
July, 2022 has brought changes to the real estate market in Phoenix, Arizona. The wave across the country is rising inventory and price reductions.   The number of sales is less than 2021 year over year; however, we're experiencing a market correction, not a housing crash.  The last 2 years of price increases with unrealistic demands were simply not sustainable.  Homeowners have a lot of equity and good FICO scores, entirely different than the housing recession.  Active homes for sale in Maricopa County, Arizona have risen to 2018 levels of inventory.  BUT those numbers are still far below a normal market.  The number of homes for sale would have to almost double to be a normal, balanced market.  Thanks to interest rates climbing the last 2 months, many buyers have been priced out of th...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are today's MARVELOUS $1 million + homes for sale in Scottsdale, Arizona for August 3, 2022 with the latest and always up to date MLS listings any day that you read this. Scottsdale is one of the best places to live in the US! Million Dollar+ Homes For Sale in Scottsdale Arizona on the MLSFor a FULL PAGE view list of $1 million + homes for sale in Scottsdale, Arizona and create your own FREE MLS SEARCH PORTAL in Arizona with hundreds of search criteria. Have a Million Dollars? Scottsdale Arizona with many "Lap of Luxury" custom homes selling in excess of $1 million is consistently selected as one of the best cities to live in America by outside rating services. Why? Well, it has been selected as one as the best places to raise a family, "foodie cities", golf resort destinations and...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Scottsdale Single Family Homes For Sale on MLS for August 2, 2022 and ALWAYS UP TO DATEFor FULL PAGE view Scottsdale Single Family Homes For Sale and feel free to "filter" or create your own personalized free Arizona MLS Search PortalScottsdale Homes for Sale TodayYour Scottsdale Neighborhood Realtor Scottsdale Single Family Detached Homes "For Sale" Scottsdale Homes with a Guest House or Casita  Scottsdale Luxury Homes "For Sale"    Scottsdale Townhomes, Patio Homes, Condos "For Sale"   Scottsdale Homes For Sale (All Types) Search on your own   Scottsdale Homes (All Types) "For Lease"   Scottsdale Arizona- InformationWelcome to Scottsdale!  Jeff Masich REALTOR® talks about buying a home in Sunny  Scottsdale Arizona Jeff Masich REALTOR® explains what living in Scottsdale and Phoenix, Ar...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
3 Graphs To Show This Isn’t a Housing Bubble With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, that there are concrete data to show why this is nothing like the last time. There’s a Shortage of Homes on the Market Today, Not a Surplus The supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate. Anything less than that is a shortage and will lead to continued price appreciation. For historical context, there were too many homes for s...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Desert Highlands luxury home community in North Scottsdale, Arizona 85255. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Desert Highlands in North Scottsdale, ArizonaAugust 1, 2022 Weekly Update Active listings increased to 9 homes. Average sale price per square foot increased to $674.58/SqFt. Average sale price as % of list price increased to 103.64%. Average sale price increased to $3,007,315. Highest priced home sold in past 6 months was for $4,500,000. Number of homes sold in past 6 months decreased to 15. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 June 2022 vs June 2021 Monthly Update Active listings increased 35.50%. Months supply increased...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the McDowell Mountain Ranch luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     McDowell Mountain Ranch in North Scottsdale, ArizonaAugust 1, 2022 Weekly Update Active listings decreased to 33 homes. Average sale price per square foot increased to $478.10/SqFt. Average sale price as % of list price decreased to 103.11%. Average sale price increased to $1,313,474. Highest priced home sold in past 6 months was for $4,135,000. Number of homes sold in past 6 months increased to 94. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 June 2022 vs June 2021 Monthly Update Active listings increased 35.50%. Months su...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
North Scottsdale Real Estate Market Update for all listed homes in zip codes 85254, 85255, 85258, 85259, 85260, 85262 and 85266. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     North Scottsdale, ArizonaAugust 1, 2022 Weekly Update Active listings decreased to 1,053 homes. Average sale price per square foot increased to $467.63/SqFt. Average sale price as % of list price decreased to 100.63%. Average sale price increased to $1,545,021. Highest priced home sold in past 6 months was for $28,100,000. Number of homes sold in past 6 months decreased to 2,074. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week June 2022 vs June 2021 Monthly Update Active listings increased 38.99%. Months supply increas...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here today's Active MLS listings on July 31, 2022 and updated daily. This list includes ACTIVE and recently SOLD or PENDING Comparable (Comp) homes for sale in one my favorite places, McCormick Ranch in Scottsdale Arizona. Save this link Comps for McCormick Ranch Scottsdale for the always current active and recently sold comps. When you are ready to buy or sell your McCormick Ranch home give me a call/text at 480-242-6500. (View of Camelback and Mummy Mountains from McCormick Ranch)Updated Daily! McCormick Ranch in Scottsdale Arizona Comps of Detached Homes (Active, Sold, Pending)Active, Pending and SOLD Comps for McCormick Ranch Scottsdale on MLS updated daily Active, Sold, Pending for FULL PAGE view. Also, create your own FREE MLS SEARCH Portal in ArizonaFor more information about the...
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