It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. Scottsdale and the surrounding areas have […]
Phoenix and Scottsdale AZ Luxury Condo Sales – July 2021
– Luxury Condo Sales in Scottsdale and Phoenix – July 2021 – July’s luxury condo market for Scottsdale and Phoenix was almost identical to what we saw in June. This report covers the sales activity of condos with list prices at or above one million dollars. ACTIVE LISTINGS AT THE END OF JULY Inventory did […]
5 Factors That Reveal Where The Real Estate Market Is Really Headed
It’s the old supply-and-demand predicament: Home sales in the U.S. continue at a torrid pace, but the availability of listings remains limited. Buoyed by historically low mortgage rates, buyers keep shopping for homes, reducing the available inventory and sparking a rise in home prices across the country. News website The Atlantic summarized the sizzling home […]
Quick Video Update of the Scottsdale Real Estate Market – July 2021
– July 2021 Scottsdale Housing Market Video – July had strong home sales, but we did see a little slowdown in the frenzy of activity. Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of July. July 2021 – Video Scottsdale Active Listings Inventory is still low […]
4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures
With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. What is mortgage forbearance? Click here for a definition. Here are four reasons why that won’t happen. 1. There are fewer homeowners in trouble […]
Scottsdale AZ Single Family Home Sales – July 2021
-July 2021 Scottsdale Homes for Sale and Home Sales – Home sales keep plugging along in Scottsdale. However, we are seeing lower sales numbers and fewer contracts. On a positive note for buyers, inventory has been increasing (although slightly). SCOTTSDALE HOME SALES ACTIVITY – JULY 2021 Each month, we track the four sales metrics seen […]
A Look at Housing Supply and What It Means for Sellers
One of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As I have mentioned in previous posts, the Scottsdale and Phoenix markets are suffering from incredibly low inventory, although we are just starting to see […]
Scottsdale AZ Luxury Home Market – June 2021
– Scottsdale Luxury Home Market Performance for June 2021 – While sales activity remained incredibly strong, we did see sales taper off in two of the four price ranges we track. Also, we saw UCB contracts and pending sales fall in almost every category. This could be due to several factors, including low inventory, price […]
