Scottsdale AZ Real Estate & Lifestyle

Live Better in Scottsdale - eXp Realty

Heather Tawes Nelson

Things to Do in Scottsdale – June 2016

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– June 2016 Scottsdale Events –

Musical Instrument Museum MIM Phoenix AZIt is hard to believe it is almost June! And even though the summer heat is coming, there are still plenty of things to do throughout the end of May and in June.

Here are a few events and happenings going on that might be of interest:

  • Ballet in the Garden – May 17th through June 4th (Tuesday and Saturday performances) –  Ballet Arizona and the Desert Botanical Garden have partnered to put on a one-of-a kind outdoor ballet performance called Round with the backdrop of the botanical gardens.
  • Stradivarius: Origins and Legacy of the Greatest Violin Maker – Through June 5th – This compelling exhibit at the Musical Instrument Museum is closing on the 5th of June. Take a step back in time and learn about the history and artistry of these magnificent violins.
  • Old Town Farmers’ Market – Saturdays through June 11th – The final weeks of the Old Town Farmers’ market are upon us. Head to Old Town to stock up on organic produce and other local specialties.
  • Bite Nite at the Westin Kierland – June 11th – In its ninth year, Bite Nite supports fundraising for the ALS Association Arizona Chapter. Enjoy bites from top valley chefs while raising money for a great cause.
  • Kierland Commons Summer Concert Series – Saturdays through June 28th – This well-loved concert series is back. From 7-9PM on Saturdays, enjoy and dance to live music including 80’s music, classic rock and Top 40.
  • Summer Events at the Scottsdale Princess – All summer – Looking for a staycation or vacation that will please the whole family? Book a room at the Princess and enjoy all of the summer activities they have on tap, including water slides and the new pool called Sunset Beach, which has a beach! And even more special events are planned for the holiday weekends.
  • Sand Sculptures in Carefree – Through August 31st – Sculptor Ray Villafane’s incredible sand sculptures will be on display in the Carefree Desert Gardens. And if you have some free time now, the artist will be making live appearances until May 25th in the Sanderson Lincoln Pavillion. Admission is free and if you have little ones, there is a brand new splash park to explore!

These are just a few things going on in and around Scottsdale in June. Feel free to add any other events in the comments section.

Scottsdale AZ Luxury Home Market – April 2016

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– Scottsdale AZ Luxury Home Market Performance for April 2016 –

Silverleaf Home Scottsdale AZApril was another positive month for the luxury home market in Scottsdale, with some price segments seeing the best sales they have seen in the past year.

This report takes a look at home sales activity in Scottsdale for homes priced over $1 million. The analysis is broken into four price bands so that you can easily see how each segment is performing.

The following data is included in each price band:

Active –  The number of homes for sale at the end of the month.
Pending – The number of pending sales at the end of the month.
Sold –  The number of homes that sold that month.


– APRIL 2016 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

– Active Scottsdale Homes on the Market: Inventory finally started to taper off after several months of increases.
– Pending Scottsdale Home Sales: Pending sales were up 33.3% over March to 28. This is ahead of the 12 month average of 23.
– Scottsdale Homes Sold: Twenty-five homes sold, down from March’s  32.
– Sales Price to Listed Price: 94.2% – On average, buyers saw a discount off of list price of 5.8%.

Scottsdale home sales between $1 and $1.5 million April 2016

Scottsdale Homes Priced Between $1,500,000 – $1,999,999

– Active Scottsdale Homes on the Market: Inventory also declined in this price segment to 224, a 6.3% decrease over March.
– Pending Scottsdale Home Sales: Pending sales were up to 18 by the end of the month. This is the highest we have seen this figure in the past 12 months.
– Scottsdale Homes Sold: Eighteen homes sold in April. This is the second highest sales month within the past year.
– Sales Price to Listed Price: 88.1% – On average, buyers saw a discount off of list price of 11.9%.

Scottsdale home sales between $1.5 and $2 million April 2016

Scottsdale Homes Priced Between $2,000,000 – $2,999,999

– Active Scottsdale Homes on the Market: The number of homes on the market dropped over 10% to 185.
– Pending Scottsdale Home Sales: Thirteen homes were in pending status at the end of April. This is well ahead of the 12 month average of 8.
– Scottsdale Homes Sold: Eleven homes sold, which is the highest we have seen this figure in the past year.
–  Sales Price to Listed Price: 91.0% – On average, buyers saw a discount off of list price of 10%.

Scottsdale home sales between $2 and $3 million April 2016

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory was down here as well to 159.
– Pending Scottsdale Home Sales:  Pending sales more than doubled to 11 at the end of April. This is almost twice the 12 month average.
– Scottsdale Homes Sold:  Only two homes sold in April, which is low. But the high number of pendings bodes well for May sales.
– Sales Price to Listed Price: 96.4% – On average, buyers saw a discount off of list price of 3.6%.

 

Overall, April was a solid sales month for luxury homes in Scottsdale. However, the high inventory across the board is something to monitor.

If you would like additional detail on home sales activity, please visit my Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.

Search Scottsdale Luxury Homes for Sale

Disclaimer:  Information deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/1/2016 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There April be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2016 Heather Tawes Nelson | Joyce Tawes

Quick Video Update of the Scottsdale Real Estate Market – April 2016

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– April 2016 Scottsdale Housing Market Video –

April 2016 – Video

Here is a one minute video overview of the Scottsdale, Arizona real estate market for the month of April.

Active Listings

This first image reflects the inventory of homes for sale in Scottsdale at the end of April 2016 as compared to the end of April 2015 and March 2016.

 

Looking at it from a year to year perspective, the number of homes on the market was up 4%. But when comparing March to April, inventory was down 5%.

 

 Median Listing Price

The median price is where there are an equal amount of homes listed above that price and an equal amount of homes listed below that price. It is a good indicator to track and use in real estate to see which direction prices are moving.

In April 2016, the median list price was $824,000. This was down a little bit from the prior month (at $830,000). However, it is significantly up over April 2015’s $759,000. This year over year jump is a trend we have been seeing for a while now.

 

Days on Market

Days on market (DOM) tracks the amount of time it takes homes to sell from the time they were listed to the time they closed escrow. A rule of thumb is that a small DOM means a competitive market whereas high DOM means the market is moving a little slower.

You will also see a higher DOM on luxury homes as there are fewer people in the market for these types of homes.

For April 2016, the average was 100 days, which just down 1 from April 2015.

 

Median Sales Price for Scottsdale Homes

We looked at median asking price above and now we will look at median sales prices. Again, this is a good metric to track when looking at home price movement.

April 2016 ended at just over $491,0000. This is down from April 2015’s $500,000, but up over March 2016’s $478,000.

 

 

 

Number of Homes Sold

This last part covers home sales in Scottsdale in April 2016.

This image compares April 2016’s sales with those of 2015. As you can see, they were up 1%.

 

 

 

This image is comparing home sales between March and April 2016. Here, sales were up 7%.

 

 

 

 

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel

 

Disclaimer: Data deemed to be accurate, but is not guaranteed.

Phoenix and Scottsdale AZ Luxury Condo Sales – April 2016

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– Luxury Condo Sales in Scottsdale and Phoenix – April 2016 –

After a so-so sales month in March, the luxury condo market in Phoenix and Scottsdale rebounded with a great April.

In this analysis, I am looking at the sales activity of condos with list prices starting at $1 million and up.

Scottsdale Phoenix Luxury Home Sales April 2016

ACTIVE LISTINGS AT THE END OF APRIL

Inventory was down six condos to 39 by the end of April. Of the 39 condos on the market, 28 were located in Scottsdale and the remaining 11 were in Phoenix.

Still coming in at the highest priced unit on the market, at $2,950,000, is a penthouse comprised of the entire top floor of a commercial building in Downtown Scottsdale.

The least expensive luxury condo for sale was priced at $1,049,000 and was located in the Optima Camelview community, also in Downtown Scottsdale.

 

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of April, there were twelve sales pending, down one from the thirteen we had at the end of March. Of the twelve pendings, nine are currently in construction status and have been for a while now.

Scottsdale Pending Sales

  • Scottsdale had four pending sales at the end of the month. Of these, three were carryovers from March.
  • Two of these were in the Kierland Plaza Lofts community. The first had 2,054 square feet, two bedrooms and two and one-half bathrooms and was listed for $1,245,000. The second is a penthouse unit with three bedrooms, two and one-half bathrooms and 3,567 square feet. It was on the market for $3,250,000.
  • Th other carryover was in the Envy Residences community. This is one of the units still being built and it comes with two bedrooms and  1,995 square feet. It was listed for $1,075,000.
  • The final pending sale was a new one and was another unit at Envy. This one has two bedrooms and two and one-half bathrooms. The square footage is 1,764 and the list price was $1,100,000.

Phoenix Pending Sales

  • Eight of the twelve remaining pending sales were in Phoenix and most of them were carryovers.
  • Five of them are located in the Two Biltmore Estates community. Asking prices for these three and four bedroom homes range from $1,750,000 to $3,178,0100 and square footage ranges from 3,000 to 4,877.
  • Portland on the Park continued to have two units pending until completion of construction. The first is a two bedroom, three bathroom condo with 2,105 square feet. Its was listed for $1,031,500. The second is a three bedroom, three bathroom, 2,486 square foot unit. It was on the market for $1,235,500.
  • The final pending sale in Phoenix was another carryover, this time in the Fairway Lodge (8 Biltmore) community. It was listed for $1,325,000 and has three bedrooms, three and one-half bathrooms and 3,033 square feet.

LUXURY CONDO SALES FOR APRIL 2016

There were five luxury condo sales in April.

Scottsdale Sales

  • The first was in Scottsdale Waterfront Residences. It had two bedrooms, two and one-half bathrooms and 2,227 square feet. It had been listed for $1,695,000 and sold for $1,567,500.
  • The other sale in Scottsdale was in Optima Camelview. This unit had three bedrooms, three and one-half bathrooms and 2,315 square feet. It was on the market for $1,275,000 and sold for $1,200,000.

Phoenix Sales

  • Two of Phoenix’s three sales were in Two Biltmore Estates. These units were recently completed. Both had three bedrooms and three and one-half bathrooms. Square footage was 3,330 and 3,327 respectively and the sales prices were $1,869,285 and $1,945,850.
  • The final sale was in Fairway Lodge (8 Biltmore). This condo had two bedrooms, two and one-half bathrooms and 2,748 square feet. It had been listed for $1,350,000 and sold for $1,200,000.

April was an average month for the luxury condo market in Phoenix and Scottsdale. The bright spot was the addition of so many pending sales to the pipeline, even though a couple of them will not be closing for a while.

Learn More About Phoenix and Scottsdale Luxury Condos

Search Phoenix and Scottsdale Luxury Condos for Sale

 

Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/1/2016 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. Information deemed reliable, but not guaranteed.  There April be new condo inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2016 Heather Tawes Nelson | Joyce Tawes

Scottsdale AZ Single Family Home Sales – April 2016

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– Scottsdale Homes for Sale and Home Sales in April 2016 –

Scottsdale home sales had an excellent month in April. Sales volume was higher than we have seen in years and inventory finally decreased after several months of increases.

SCOTTSDALE HOME SALES ACTIVITY – APRIL 2016

Here is a chart that shows home sales activity over the past year. We track three items and they are:

– Single-family homes for sale are represented by the red line.*
– Pending home sales are represented by the green line.*
– Home Sales are represented by the purple line.

APRIL 2016 RESULTS

Scottsdale Home Sales Activity April 2016

  • Scottsdale Homes for Sale: Inventory finally started to taper off by the end of the month. It ended the month 3.1% lower than the end of March.
  • Pending Homes Sales in Scottsdale: The number of pending sales was up slightly, which is a good sign for May numbers.
  • Scottsdale Home Sales: Home sales came in at over 500 in April. We have not broken the 500 barrier since July of 2013. So that was impressive.

 

This next part looks at two other sets of data including the comparison of sales activity and sales prices when compared to list prices:

Scottsdale Home Sales Pace April 2016
The top section deals with the month-over-month changes in sales activity. So as you can see, sales were up 7.2% in April when compared to March.

The lower section compares average sales prices to average list prices. In April, this figure was 96.9%, meaning buyers on average received a 3.1% discount off of asking prices.

Scottsdale home sales were impressive in April and I hope to see this momentum continuing. It was also nice to see inventory stabilize. From all accounts, May should also be a solid sales month.

 

Search Scottsdale AZ Homes for Sale

*Figures for active homes for sale and pending sales are based on the numbers at the end of the month.

 

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 5/1/2016 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Scottsdale AZ over the last 12 months. Information deemed reliable, but not guaranteed. There April be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2016 Heather Tawes Nelson | Joyce Tawes

Things to Do in Scottsdale – May 2016

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– Events in and Around Scottsdale AZ – May 2016 –

DSC04453Lots of things are coming up in and around Scottsdale in May. Here is a list of some of them:

  • Annie at ASU Gammage – May 4th – May 8th – The perennial family favorite, Annie, is coming to ASU Gammage theater in early May.
  • Run for the Roses Kentucky Derby Party – May 7th – The Scottsdale Princess and Bourbon Steak are hosting a Kentucky Derby event. Put on your best dress and hat or suit and head on over for a Derby-inspired event with food and drinks and of course, a viewing of the race.
  • “Mimosa Mornings” and Art at the Hermosa Inn – May 7th – Create your own painting while being guided by artist Carrie Curran and enjoying mimosas and pastries at the beautiful Hermosa Inn in Paradise Valley.
  • Journey and the Doobie Brothers – May 14th – Sing along to your favorite hits from these two top bands. The concert will be taking place at the Ak-Chin Pavillion in Phoenix.
  • Schnepf Farm’s Peach Festival – May 14th & 15th and May 21st & 22nd – The Peach Festival is back. Head on down to Schnepf Farm in Queen Creek and celebrate all things peach. Pick your own, take a hay ride, eat peach pies and pancakes and so much more.
  • Music in the Garden at the Desert Botanical Garden – Weekly on Friday Nights – Each Friday evening in May, there will be a concert at the Desert Botanical Garden. Styles include jazz, blues and latin this month.
  • Mc Cormick Stillman Railroad Park Concert Series – Weekly on Sunday Nights – Staying on the live music theme, these free concerts on Sunday evenings are always fun.
  • Arizona Restaurant Week – May 20th – May 29th – Arizona Restaurant Week is back. This is a wonderful way to try out some new restaurants at amazing prices. Three course tasting menus at top local restaurants will be offered for $33 or $44 per person.
  • AJ’s Summer Wine Spectacular – May 21st – AJ’s is putting on this wine tasting event at the Scottsdale Center for the Performing Arts to benefit the Scottsdale Cultural Council. Choose from dozens of wines, listen to live music, bid on auction items and enjoy the food selection.
  • Cave Creek Balloon Festival – May 28th – This is one of my personal favorites. Head up to Cave Creek for an event-filled evening including live music, a kids zone, fireworks and of course, the beautiful glowing hot air balloons.

This is just a partial list, so feel free to add any other May events in the comment section.

Scottsdale AZ Luxury Home Market – March 2016

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– Scottsdale AZ Luxury Home Market Performance for March 2016 –

Pool Area

Scottsdale’s luxury home market had a pretty solid sales month in March. February had started some of the momentum and it carried over for the most part into this last month,

This analysis covers the luxury home market in Scottsdale, which is being defined as homes for sale with asking prices above $1 million. Since price points can behave differently, I have grouped the information into four price segments.

Each price segments includes the following data:

Active –  How many homes were for sale at the end of the month.
Pending – How many homes were in pending status at the end of the month.
Sold –  How many homes sold that month.


– MARCH 2016 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

– Active Scottsdale Homes on the Market: We saw another large jump in inventory (10.1%) between February and March. The number of homes for sale in this price point (393)  is well ahead of the 12 month average of 299.
– Pending Scottsdale Home Sales: Pending sales fell to 21 after the large spike we saw in February.
– Scottsdale Homes Sold: Thirty-three homes sold in March, which is the best we have seen since June 2015.
– Sales Price to Listed Price: 94.0% – On average, buyers saw a discount off of list price of 6.0%.

Scottsdale Home Sales between $1 and $1.5 million March 2016

Scottsdale Homes Priced Between $1,500,000 – $1,999,999

– Active Scottsdale Homes on the Market: Inventory was up in this price segment as well to 239. This also is well above the 12 month average of 176.
– Pending Scottsdale Home Sales: We saw a nice lift in pending sales in March. There were 15 at the end of the month.
– Scottsdale Homes Sold: Fourteen homes sold, which is the second highest we have seen in the past year.
– Sales Price to Listed Price: 86.3% – On average, buyers saw a discount off of list price of 13.7%.

Scottsdale Home Sales between $1.5 and $2 million March 2016

Scottsdale Homes Priced Between $2,000,000 – $2,999,999

– Active Scottsdale Homes on the Market: Inventory remained level at 207, but it is still well ahead of the 12 month average.
– Pending Scottsdale Home Sales: There were ten pending sales at the end of the month, up from February.
– Scottsdale Homes Sold: Ten homes sold, which is the best we have seen in the past year. This is well ahead of the 12 month average of six.
–  Sales Price to Listed Price: 95.2% – On average, buyers saw a discount off of list price of 4.8%.

Scottsdale Home Sales between $2 and $3 million March 2016

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory was level in this price point when compared to February.
– Pending Scottsdale Home Sales:  Pending sales stayed at five, which is more or less where this figure has been for the past nine months.
– Scottsdale Homes Sold:  Five homes sold in March, which was up from February’s three.
– Sales Price to Listed Price: 90.9% – On average, buyers saw a discount off of list price of 9.1%.

Scottsdale Home Sales over $3 million March 2016

 

Overall, March was a solid sales month for luxury homes in Scottsdale. However, the high inventory across the board is something to monitor.

If you would like additional detail on home sales activity, please visit my Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.

Search Scottsdale Luxury Homes for Sale

Disclaimer:  Information deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 4/12016 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There March be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2016 Heather Tawes Nelson | Joyce Tawes

Scottsdale Businesses: Desert Storage Opening New Airpark Location

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– Desert Storage’s New Scottsdale Airpark Location –

Desert Storage New Scotsdale LocationDesert Storage’s newest facility is now open in the Scottsdale Airpark (Acoma/Scottsdale Road.) Desert Storage has eleven locations in and around Scottsdale and this one will be a great fit for residents and businesses who live and operate near and around the Airpark and Kierland areas.

Want to take a tour? Desert Storage will be hosting a Grand Opening Party on Wednesday, April 27th, from 4:30-6:30PM. Highlights include free food and wine tasting as well as local radio station giveaways. Special incentives will also be offered.

Desert Storage is a great option for individuals as well as businesses. Over time, it is easy to accumulate things like furniture, keepsakes, files and inventory, but maybe they are not used or needed as often. Rather than getting rid of everything or live with the clutter, a storage unit provides the perfect solution.

Desert Storage Offerings:

Desert Storage New Location 6– Storage Space – There are four different size options for storage space, ranging from small to extra large. Every unit is air-conditioned and heated as well as individually alarmed. All of the units have drive-in access that is air-conditioned and some of the largest units even have drive-up access. The smallest units start at 5X5 (25 square feet) and the largest unit comes in at 12X40 (480 square feet.)

– Wine Storage – Wine storage is a great option for homeowners who do not have or want to maintain a large wine cellar. And, it provides peace of mind for seasonal residents who may not be able to monitor their collections from a distance. There is dual refrigeration and humidity control as well as a back-up generator to ensure optimal temperatures are maintained. And, if you receive wine shipments, Desert Storage is happy to accept the wine on your behalf. The smallest units can accommodate up to 50 cases and the largest units can handle up to 810 cases.

– RV/Boat Storage – If you own an RV or boat and do not have large lot or your HOA prohibits them, this is great option. Desert Storage offers covered spaces with a wide drive aisle for easy access. These spaces are located behind controlled access gates and customers will have access to electrical service and a sanitary dump station with water.


MORE INFORMATION:
Desert Storage
7301 E Acoma Drive
Scottsdale, AZ 85260
(480) 386-9004
Website

 

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