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Dove Valley Ranch in Cave Creek AZ – 2015 Real Estate Market Update

June 6, 2015 By Heather Tawes Nelson

– DOVE VALLEY RANCH IN CAVE CREEK- 2015 REAL ESTATE MARKET UPDATE –

Dove Valley Ranch is a desirable community in Cave Creek, Arizona. It embraces the natural desert landscape, is home to the Dove Valley Ranch Golf Club and is only minutes away from shopping, dining, entertainment and recreational trials.

There are many housing options to choose from in Dove Valley Ranch from single family homes of all sizes to condominiums. Its location on the northern end of the valley allows for mountain views from many of the homes.

HOMES FOR SALE AND PENDING SALES IN DOVE VALLEY RANCH AS OF 5/26/2015

As of the end of May, there were 19 homes for sale in Dove Valley Ranch. Asking prices ranged from $242,000 for a 1,383 square foot condo to $524,900 for a home with 3,604 square feet.

Ten homes were pending sale as of the 26th. These homes ranged in price from $305,000 to $484,900.

HOME SALES IN DOVE VALLEY RANCH THROUGH MAY 26, 2015

Homes in Dove Valley Ranch have been selling at a pace of 5-6 per month. If that pace persists, then the two quarters should be more or less evenly matched. However, with the double-digit pending inventory as of the 26th, we may see Q2 pull ahead as it comes to a close next month.

The highest priced sale in Dove Valley Ranch in 2015 so far was for $649,900. This home was a custom home on the golf course with four bedrooms, four bathrooms, a pool and 3,406 square feet. It sold for the asking price.

The lowest priced 2015 home sale was for $223,000. This was a two bedroom, two bathroom condo with 1,397 square feet. It had been listed for $234,900.

LEARN MORE ABOUT DOVE VALLEY RANCH

If you have any questions about the community of Dove Valley Ranch or about other real estate opportunities, please feel free to contact us. Otherwise, simply enjoy browsing some of the homes for sale below.

SEARCH DOVE VALLEY RANCH HOMES FOR SALE

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/26/2015 and can change at any time. The analysis looks at residential home sales activity in Dove Valley Ranch in Cave Creek, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2015 Heather Tawes Nelson | Joyce Tawes

Estancia in Scottsdale AZ – 2015 Real Estate Market Update

June 2, 2015 By Heather Tawes Nelson

– ESTANCIA – 2015 REAL ESTATE MARKET UPDATE –

Estancia is one of Scottsdale’s top luxury golf communities. Nestled into the rolling hills adjacent to Pinnacle Peak, this elegant community and golf club is home to some of the area’s most outstanding real estate.

While most of the homes in Estancia are custom estates, there are La Scala villa offerings located closer to the clubhouse and amenities.

Membership to the private Estancia Club is not required for homeowners, but a large majority of residents are members. There is an 18-hole Fazio golf course, an elegant clubhouse, a pro shop, fitness center, pool and locker rooms.

HOMES FOR SALE AND PENDING SALES IN ESTANCIA AS OF 5/26/2015

At the end of May, there were twenty-five homes on the market in Estancia. Asking prices started at $1,100,000 for a La Scala home with 2,846 square feet and three bedrooms and bathrooms. The most expensive home on the market was a 9,315 square foot estate on two acres with four bedrooms and four and one-half bathrooms. The asking price was $7,995,000.

As of the 26th, there were two pending sales in Estancia, priced at $1,500,000 and $1,999,000 respectively.

2015 HOME SALES IN ESTANCIA THROUGH MAY 26TH

Assuming the pending sales close before the end of Q2, then sales in Estancia will have been pretty level over the first half of the year.

The highest priced home sale to date in 2015 was for $4,175,000. This custom estate had four bedrooms, four and one-half bathrooms and 6,718 square feet. It had been listed for $4,950,000 and sold in a cash transaction.

The lowest priced Estancia sale this year so far was for $900,000. It was a three bedroom, three bathroom La Scala villa that had been listed for $950,000.

If you have any questions about the community of Estancia or about other real estate opportunities, please feel free to contact us. Otherwise, simply enjoy browsing some of the homes for sale below.

LEARN MORE ABOUT ESTANCIA

SEARCH ESTANCIA HOMES FOR SALE

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/26/2015 and can change at any time. The analysis looks at residential single family home sales activity in Estancia in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed. Copyright © 2015 Heather Tawes Nelson | Joyce Tawes

Tatum Ranch Cave Creek – May 2015 Real Estate Market Update

May 30, 2015 By Heather Tawes Nelson

– Tatum Ranch in Cave Creek AZ – 2015 Real Estate Report –

Tatum Ranch is a popular community located in Cave Creek, Arizona, just west of Scottsdale. You will find over 3,000 homes in Tatum Ranch as well as condo and townhome options.

Throughout the community, you will find several shopping and dining options. It is also located close to area freeways, Desert Ridge and downtown Cave Creek.

Tatum Ranch is also home to the Tatum Ranch Golf Club, a par 73 golf course that was designed by Robert Cupp. A number of membership options are available.

TATUM RANCH HOMES FOR SALE AND PENDING SALES AS OF MAY 26, 2015

There were 52 homes on the market in Tatum Ranch in late May.

Prices ranged from $238,500 for a 1,190 square foot home with three bedrooms and two bathrooms up to $545,000 for a four bedroom, three bathroom home with 3,265 square feet.

Pending sales were solid. There were 19 pendings in the pipeline with prices ranging from $200,000 to $524,900.

TATUM RANCH HOME SALES YEAR-TO-DATE

Home sales are plugging along in Tatum Ranch. About 17-18 homes are selling per month and the average price per square foot is up a bit from Q1. If the same pace continues, Q2 will outperform Q1 slightly.

The highest priced home sale in Tatum Ranch in 2015 so far was for $525,000. This home was a five bedroom, three bathroom home with a pool and 3,389 square feet. The lowest priced home sale in 2015 to-date was $200,000. This home had two bedrooms, two bathrooms and 1,588 square feet.

If you have any questions about the community of Tatum Ranch or about other real estate opportunities, please feel free to contact us. Otherwise, simply enjoy browsing some of the homes for sale below.

Learn More About Tatum Ranch

Search Tatum Ranch Scottsdale Homes for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/26/2015 and can change at any time. The analysis looks at residential home sales activity in Tatum Ranch in Cave Creek, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2015 Heather Tawes Nelson | Joyce Tawes

Desert Mountain Scottsdale – May 2015 Real Estate Market Update

May 26, 2015 By Heather Tawes Nelson

– Home Sales in Desert Mountain Scottsdale, Arizona Through 5/26/2015 –

Desert Mountain is a well-known luxury community in North Scottsdale. While it is known for its phenomenal golf options, Desert Mountain offers non-golfers plenty to do as well.

Spread over 8,000 acres of the breathtaking Sonoran Desert, Desert Mountain offers a large variety of housing options, from smaller casitas and cottages for seasonal visitors or folks looking for less square footage, to massive, stunning custom estates perched on the mountainside.

Besides the six Jack Nicklaus golf courses, Desert Mountain is home to six clubhouses, practice facilities, a tennis complex, a fitness center with pools and so much more.

HOMES FOR SALE AND PENDING SALES IN DESERT MOUNTAIN AS OF 5/26/2015

As the month of May came to an end, 167 homes were active on the market in Desert Mountain. The prices ranged from $624,000 for a for a Sonoran Ridge casita with 1,836 square feet to a $6,975,000 estate home in the Village of Seven Arrows neighborhood with 10,236 square feet.

As of May 26th, there were nine pending sales. Prices ranged from $724,000 to $5,500,000.

2015 HOME SALES IN DESERT MOUNTAIN

Sales activity in Desert Mountain was decent in the first part of the year. As of the end of May, 51 homes had sold.

Typically the second quarter is the most robust sales period for Scottsdale with sales far exceeding those of other quarters. However, as we have been seeing elsewhere, Q1 is looking stronger in 2015.

Desert Mountain’s highest priced home sale to-date in 2015 was for $6,700,000. This home was a new build and was located in the exlusive Saguaro Forest section of the community. It had four bedrooms, four and one-half bathrooms and 6,981 square feet. It had been listed for $7,295,000 and sold for $6,700,000 in a cash transaction.

The lowest priced home sale in Desert Mountain this year was for $605,000. This was a Sonoran Cottage that had two bedrooms, two and one-half bathrooms and 2,086 square feet. It had been listed for $645,000.

If you have any questions about the community of Desert Mountain or about other real estate opportunities, please feel free to contact us. Otherwise, simply enjoy browsing some of the homes for sale below.

Learn more about the Desert Mountain community

SEARCH DESERT MOUNTAIN HOMES FOR SALE

Desert Mountain Homes for Sale

101 Listings

$4,999,000 9821 E SUNDANCE Trail
Scottsdale, AZ 85262 9821 E SUNDANCE Trail
Scottsdale, AZ 85262Listing office: Russ Lyon Sotheby's International Realty

$2,297,000 41504 N 107TH Way
Scottsdale, AZ 85262 41504 N 107TH Way
Scottsdale, AZ 85262Listing office: Russ Lyon Sotheby's International Realty

$2,690,000 37200 N CAVE CREEK Road, 2127
Scottsdale, AZ 85262 37200 N CAVE CREEK Road, 2127
Scottsdale, AZ 85262Listing office: Russ Lyon Sotheby's International Realty

$5,995,000 9808 E HONEY MESQUITE Drive
Scottsdale, AZ 85262 9808 E HONEY MESQUITE Drive
Scottsdale, AZ 85262Listing office: Russ Lyon Sotheby's International Realty

$3,450,000 40980 N 97TH Street
Scottsdale, AZ 85262 40980 N 97TH Street
Scottsdale, AZ 85262Listing office: Russ Lyon Sotheby's International Realty

$3,250,000 41686 N 110TH Way
Scottsdale, AZ 85262 41686 N 110TH Way
Scottsdale, AZ 85262Listing office: Russ Lyon Sotheby's International Realty

$6,000,000 40660 N 109TH Place
Scottsdale, AZ 85262 40660 N 109TH Place
Scottsdale, AZ 85262Listing office: Russ Lyon Sotheby's International Realty

$2,700,000 10249 E Joy Ranch Road
Scottsdale, AZ 85262 10249 E Joy Ranch Road
Scottsdale, AZ 85262Listing office: Russ Lyon Sotheby's International Realty

$4,750,000 9626 E AW TILLINGHAST Road
Scottsdale, AZ 85262 9626 E AW TILLINGHAST Road
Scottsdale, AZ 85262Listing office: Walt Danley Local Luxury Christie's International Real Estate

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Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/26/2015 and can change at any time. The analysis looks at residential single family home sales activity in Desert Mountain in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2015 Heather Tawes Nelson | Joyce Tawes

Grayhawk Scottsdale – May 2015 Real Estate Update

May 23, 2015 By Heather Tawes Nelson

– Grayhawk Real Estate Update –2015 To-Date –

Grayhawk is a well-known community North Scottsdale that is quite popular. It is home to two excellent public golf courses, Talon and Raptor, and has lots of green areas and walking paths for residents to enjoy.

There are two main neighborhoods in Grayhawk. The first is the Retreat, located on the east side of Hayden Road. Here is where you will find the two golf courses and many of the homes have lovely fairway views. There are quite a few custom homes in the Retreat as well as townhomes and production homes,

The second neighborhood, to the west of Hayden, is the Park. These homes are all production homes surrounded by green spaces, open areas, paths and more.

This real estate report will take a look at the year-to-date single-family home sales activity for the Grayhawk community.

GRAYHAWK HOMES FOR SALE AND PENDING SALES AS OF MAY 21, 2015

As the month of May was coming to an end, there were fifty homes on the market in Grayhawk with an average asking price of $895,946 and an average price per square foot of $256.54.

The most expensive home for sale was listed for $3,499,999. This home had 8,165 square feet, four bedrooms, six bathrooms, a gym and home theater and was located on the 12th hole of the Raptor course.

The least expensive home on the market was in the Park. With an asking price of $352,000, this 1,386 square foot home had three bedrooms and two bathrooms.

GRAYHAWK 2015 HOME SALES – THROUGH 5/21

Typically, Q2 is the dominant quarter for home sales in Scottsdale, significantly outperforming the other quarters. In this case, it looks like Q1 may be giving Q2 some competition if the sales pace stays the same with about 8-9 homes closing per month.

The highest home sale to-date in Grayhawk in 2015 was for $2,300,000. Overlooking the Raptor course, this home had five bedrooms, six and one-half bathrooms and 7,190 square feet. It had been listed for $2,400,000 and closed in a cash transaction.

The lowest priced home sale for the year so far was for $385,000. It had four bedrooms, two bathrooms and 2,021 square feet. It had been listed for $399,900 and sold in a cash transaction as well.

If you have any questions about the community of Grayhawk or about homes for sale there, please feel free to contact us.

Otherwise, simply enjoy browsing some of the homes for sale below.

Learn more about the Grayhawk community

Search Homes For Sale in Grayhawk

MAP OF GRAYHAWK

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/21/2015 and can change at any time. The analysis looks at residential single family home sales activity in Grayhawk in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2015 Heather Tawes Nelson | Joyce Tawes

Things to Do in Scottsdale – June 2015

May 19, 2015 By Heather Tawes Nelson

– Scottsdale Events for June 2015 –

Even though the temperatures are higher, things are still in full swing for events in Scottsdale and the surrounding areas.

Green Building in Scottsdale – This lecture series, brought to you by the City of Scottsdale, will again take place June 2nd. Topics include healthy living, green building initiatives and resource conservation. The lecture is free for attendees.
Phantom of the Opera – Running from May 27th through June 7th, this wildly popular show will come to life on the ASU Gammage stage.
Are you a fan of Dancing with the Stars or like to watch live dance performances? – The Move Live on Tour is coming to the Valley on June 12th at the Comerica Theater. Derek and Julianne Hough and many other talented dancers will present several highly entertaining performances.
Prescott’s Antiques on the Square – On June 7th, head up to Prescott to peruse the antiques and other offerings of over 60 vendors in Downtown Prescott. Then stroll to one of the nearby restaurants for a great meal. Proceeds from this event will benefit historical renovation projects in Prescott.
Prowl & Play at the Phoenix Zoo – From 5:30PM to 8:30PM on June 13th, visit the Phoenix Zoo for the Prowl & Play family event. Participate in many ice themed activities and dance to the live music.
Art Garfunkel at the Higley Center for the Performing Arts – On June 18th, Art Garfunkel will be performing live for one night only.
Live Concerts at the Musical Instrument Museum – Throughout the month of June, the MIM will host a variety of live music performances representing a wide variety of sounds and styles.
Desert Botanical Garden Flashlight Tours – Every Thursday and Saturday from 7PM to 9PM, participants will have the opportunity to tour the Desert Botanical Garden at night. In addition to seeing nocturnal creatures and flowers, there are several ‘discovery’ learning stations throughout. This is a great event for adults and children alike and the tour is included in the price of admission.

As always, this is just a small sampling of upcoming events in Scottsdale and the Valley. Feel free to add any others in the comment section.

Scottsdale AZ Luxury Home Market – April 2015

May 16, 2015 By Heather Tawes Nelson

– Scottsdale AZ Luxury Home Market Performance for April 2015 –

The Scottsdale luxury home market saw an excellent sales month with some unprecedented sales activity in a few categories.

For this analysis, I am looking at homes with list prices of $1 million or above. The data covers the previous twelve months of sales activity and has been broken into four luxury price bands to show additional detail.

Each price band includes the following three pieces of information:

Active – The number of homes on the market at the end of the month.
Pending – The number of pending sales at the end of the month,
Sold – The number of home sales during the month.

– April 2015 –

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

–Active Scottsdale Homes on the Market: Inventory was down another 4.5% over the end of March to 321 homes.
– Pending Scottsdale Home Sales: Pending sales increased for the fourth month in a row to 35. This is well ahead of the 12 month average of 24 pending sales.
– Scottsdale Homes Sold: An astounding 44 homes sold in this price range in April. This is the highest sales month I have seen since I started tracking this data in September of 2007.
– Sales Price to Listed Price: 94.3% – This is where this figure has been trending for the past few months.

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

– Active Scottsdale Homes on the Market: Inventory dropped for he first time since November 2014. At the end of the month, there were 191 homes for sale in this price range.
– Pending Scottsdale Home Sales: Pending sales at the end of April were the highest we have seen in the last year.
– Scottsdale Homes Sold: Twelve homes sold in April, just ahead of the 12 month average of 11. This is the highest we have seen sales this year.
– Sales Price to Listed Price: 92.6% -This is a little lower than we have been seeing.

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

– Active Scottsdale Homes on the Market: The number of homes for sale in this price range was up 4.6% by the end of April to 181.
– Pending Scottsdale Home Sales: Ten pending sales were on the book at the end of the month, which is on target with the 12 month average.
– Scottsdale Homes Sold: Sales were down to 7 in April, which was also on par with the 12 month average.
– Sales Price to Listed Price: 95.3% – This is where this figure has been trending for a while.

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory in the over $3 million range dropped 6.5% between March and April .
– Pending Scottsdale Home Sales: Pending sales remained very strong at 11, the second highest we have seen in the past year.
– Scottsdale Homes Sold: Ten homes sold in April. This is incredibly high and has only been higher once since I started tracking in September 2007. That was for 11 sales in April 2008.
– Sales Price to Listed Price: 89.0% – With the exception of February, this is about where this figure has been trending recently.

April was a spectacular month for the luxury home market in Scottsdale. We saw some of the highest sales and pending figures we have seen in years and inventory was relatively stable. As I alluded to last month, I am looking forward to May’s sales figures based on all of the strong pending inventory.

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 5/1/2015 and can change at any time. The analysis looks at single-family luxury 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 © 2015 Heather Tawes Nelson | Joyce Tawes

Quick Video Update of the Scottsdale Real Estate Market in April 2015

May 12, 2015 By Heather Tawes Nelson

– April 2015 Scottsdale Housing Market Video –

Here is an overview of how Scottsdale’s real estate market is performing.

April 2015 – Video

Active Listings

After seeing inventory jump in anticipation of the hight season, the number of homes for sale in Scottsdale decreased in the month of April

The number of active listings was down 8% from April 2014 and were also down 3% over the previous month.

Median Listing Price

As the Scottsdale real estate market has been improving, home prices have been increasing.

In April 2015, the median listing price for the month was just under $800,000. A year ago the median listing price was $655,000.

Days on Market

Days on market is an average of how many days it takes from a home being listed to a home selling. If the market is slowing, you will see this number increase. Conversely, if the market is heating up, you will see this figure decrease.

Comparing April 2015 to April 2014, the average number of days that units spent on the market before being sold was down 1%. Clearly, this is not a huge change.

Median Sales Price for Scottsdale Homes

In April 2015, the median sale price for Scottsdale homes was $500,000.

This is down almost $14,000 over April 2014, but up from March’s almost $470,000.

Number of Homes Sold

Home sales increased in April. Looking at it from a year over year perspective, the number of homes sold was up 6%.

And compared to March 2015, homes sales were up 7%.

Scottsdale’s real estate market had another impressive month in April. Plus, there was solid pending sale inventory on the books as the month came to a close, indicating May should be another decent month for sales.

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, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

To see other videos, please visit Live Better in Scottsdale’s You Tube channel.

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