Here is a photo of a lovely custom golf home at Grayhawk in Scottsdale, Arizona. The Grayhawk golf courses, Talon and Raptor, are public and have been the site of many professional golf events.
Custom Golf Home at Grayhawk – Scottsdale, Arizona
Unique Saguaro Cactus at Desert Mountain Golf Community – Scottsdale, Arizona
A very special, rare saguaro cactus can be found just outside the Apache Clubhouse at Desert Mountain in Scottsdale, Arizona.
Water Bird at the Phoenix Zoo – Phoenix, Arizona
Jalapeno Inferno – Scottsdale, Arizona
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Jalepeno Inferno, or “Jalapenos,” is a North Scottsdale Arizona favorite for Mexican and Tex-Mex food. There is an exensive menu, the chips are great and there is a lot of patio seating for dining al fresco. There is also an attached bar that offers a wide variety of margaritas and other beverages. There is often live entertainment and there are plently of TV’s scattered around to catch your favorite sport events.
Scottsdale AZ Luxury Home Market – May 2010
Here are the results for luxury home sales in Scottsdale AZ for May 2010. I have defined the luxury home market as single-family resale homes in Scottsdale with list prices of $1,000,000 and above. This analysis looks back over the last 12 months.
– May 2010 Scottsdale AZ Luxury Home Sales –
Scottsdale Luxury Homes Priced Between $1,000,000 – $1,499,999
– Actives: At the end of May, there were 313 homes on the market in this price segment. This figure has been trending down since March and the 12 month average is 367 homes on the market.
– Pendings: Thirty-five homes were pending sale at the end of the month, a 9.4% increase over April’s pending sales. This is well ahead of the 12 month average for pending sales at 29.
– Sold: There were 21 home sales in this price range in May. This was a huge improvement over April’s 11 sales. This is tracking slightly ahead of the 12 month average of 20 home sales per month.
– Sales Price to Listed Price: 89.0% – This is pretty typical for this price range.
Scottsdale Luxury Homes Priced Between $1,500,000 – $1,999,999
– Actives: At the end of the month, 200 homes were on the market in this price range. This number has been decreasing since February and the last time it was close to being this low was September of 2009. The twelve month average for this segment is 232 homes.
– Pendings: A very impressive 22 homes were pending sale at the end of May, a 29.4% increase over April. The last time this figure was that high was September 2009. The twelve month average for pending sales is 18.
– Sold: Ten homes sold in May. This is better than April’s 8 sales, but is still behind the 12 month average of 11 homes sold per month.
– Sales Price to Listed Price: 84.8% – This is a little lower than what we typically see and is the second lowest it has been over the last 12 months.
Scottsdale Luxury Homes Priced Between $2,000,000 – $2,999,999
– Actives: This figure fell again last month to 174 homes on the market. It has been decreasing each month since November 2009. The 12 month average for homes in this price range is 223.
– Pendings: Eleven homes were pending at the end of the month, which is the best we have seen since January of this year. The 12 month average is 9.
– Sold: Seven homes sold in May in the $2 million dollar range. This is the same amount that sold in April and is on track with the 12 month average of 7.
– Sales Price to Listed Price: 90.1% – This is the first time this ratio has been in the 90%’s since October of 2009.
Scottsdale Luxury Homes Priced $3,000,000+
– Actives: There were 132 homes on the market in excess of $3 million at the end of May. This was up slightly from April’s 130, but is still lower than the 12 month average of 148.
– Pendings: Six homes were pending at the end of the month. This is the same as it was last month and is twice the 12 month average of 3 pending home sales.
– Sold: There were six home sales in April over $3 million. This is this highest this figure has been in the last 12 months. The average sales per month is 3.
– Sales Price to Listed Price: 89.3% – This is the highest this figure has been since June of 2009.
As you can see, the results vary quite a bit between the price segments, but May was a good month for the Scottsdale luxury home market. We are seeing steady inventory reduction in all of the price bands but one. Pending sales are all ahead of their respective 12 month averages and home sales were strong.
To see the detailed data behind this report, please visit my Scottsdale luxury real estate market reports page and click on the “Scottsdale Market Trends” report.
Disclaimer:
Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2010 and can change at any time. The analysis looks at single-family resale homes in Scottsdale AZ over the last 12 months. There may 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 © 2010 Heather Tawes Nelson
Spanish Village – Carefree, Arizona
Entrance to the Spanish Village shopping and dining section of downtown Carefree, Arizona. Spanish Village and the surrounding area is full of locally-owned shops and restaurants. Is it a great way to spend a day.
Scottsdale AZ Single-Family Homes For Sale – May 2010
Here are the sales results for Scottsdale AZ homes for May of 2010. May was another strong month for Scottsdale home sales. This is the third month in a row where we have seen good sales numbers as well as high pending sales figures. Additionally, inventory continues to decrease.
May 2010 Highlights for Scottsdale AZ Homes for Sale:
- Active Scottsdale Homes for Sale: At the end of the month, there were 2,653 homes on the market. This was down 5% from April’s active homes for sale in Scottsdale. This number has been decreasing since January of 2010 and is well below the 12 month average of 2,837 homes for sale.
- Pending Scottsdale Home Sales: There were 623 pending sales in Scottsdale at the end of the month. This is down slightly from April’s 661, but it is still a strong showing. The 12 month average for this figure is 541.
- Scottsdale Homes Sold: 437 homes sold in the month of May. This is the second highest we have seen this figure over the last year, and it is just behind March’s 442 home sales. The 12 month average for monthly home sales is 369.
Overall, May turned in a good performance for Scottsdale AZ real estate. Inventory continued to decrease, sales were strong and pending sales were still in the 600’s. Based on pending activity, June should continue the trend and be another good month.
Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2010 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2010 Heather Tawes Nelson
The Herb Box restaurant at DC Ranch – Scottsdale, Arizona
The Herb Box is a charming restaurant on Market Street in the community of DC Ranch in Scottsdale. It serves healthful, fresh and delicious food and baked goods. It also has a take-away market.
