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Scottsdale AZ Q3 2013 Home Sales By Type – Includes Foreclosures & Short Sales

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– Scottsdale Third Quarter 2013 Home Sales By Type – Foreclosure & Short Sale Data Included –

Below is an analysis of home sales activity in Scottsdale, Arizona, for Q3 2013 as well as the first three quarters of the year.

This information has been classified into three sales types. The definitions for these categories are below:

– Non-Distressed Sales – These are “typical” or “regular” home sales.
– Short Sales – These occur when the homeowner owes more on the home than it is worth. In order for it to sell the lender (or lienholder) needs to approve the terms of the sale in order for it to go through. Short sales are considered a distress sale type.
– Foreclosures – Also known as “Lender-Owned,”  “REO” and/or “Bank-Owned,” these are the homes that have been through the foreclosure process. This is also a distress sale type.

Overall Findings for the Q3 2013 Scottsdale Single-Family Home Market – Data As of October 1, 2013

  • Scottsdale Homes for Sale: Virtually all of the homes on the market in Scottsdale are now regular sales. Only 3% fall into the short sale or foreclosure sales types.
  • Scottsdale Pending Home Sales: As we typically see, the impact of the distress sales is evident in the pending figures. Now, they represent 18% of the inventory. This shows that there is still quite a lot of demand for short sales and foreclosures, even though they are only a small part of the market.
  • Q3 2013 Scottsdale Home Sales: Again, regular sales comprised the majority (92%) of home sales in Q3. Short sales were next with 5% and foreclosures were 3%.
  • Home Prices: Non-distressed homes had the highest average sales prices and price per square foot, as we would expect to see. Normally short sales come next, but in Q3, foreclosures actually had the higher average sales prices.
  • Days on Market: Foreclosures sold the most quickly in Q3, where we usually see regular sales with the lowest figure here.
  • Discounts Off of List Price: Discounts off of asking price were harder to come by in the third quarter. On average, there was only a 4% discount off of asking price for regular home sales. And, there was none or very little with short sales and foreclosures.

Scottsdale Home Sales by Type Q3 2013

 

Scottsdale AZ Home Sales Through Q3 2013
Here is a quarterly snapshot of sales for 2013.

As you can see, the impact of distress sales has been shrinking as the year has progressed. In Q1, distress sales made up 15% of all sales. By the end of Q3, they were only 8%.

Scottsdale Home Sales Data 2013

 

Scottsdale AZ Home Sales for Full-Year 2012
To see how 2013 is tracking compared to 2012, I have included 2012 sales by quarter.

As I was just referencing above, you can really see how distress sale activity has been tapering off over time. In Q1 2012, 35% of all sales were either short sales or foreclosure sales, compared to 8% in Q3 2013. It is quite remarkable to see how much has changed in 18 months.

Scottsdale Home Sales by Sales Type 2012

 

If you would like more detail, see the links below for previous reports on Scottsdale home sales:
View Scottsdale Home Sales by Type for Q2 2013 
View Scottsdale Home Sales by Type for 2012

Disclaimer: Due to rounding issues, not all columns will add up to a perfect 100%.  Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2013 and can change at any time. Active listing and pending sale data is where those figures were at the end of Q3.  The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ on a quarterly basis. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Information deemed reliable but not guaranteed.
Copyright © 2013 Heather Tawes Nelson

Troon Village Scottsdale AZ – 2013 Home Sales Report

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Troon Village Luxury Home Scottsdale AZ

– 2013 Real Estate Report for Troon Village Scottsdale – 

Troon Village is a wonderful and sought-after community in North Scottsdale. It is comprised of a variety of smaller neighborhoods on and around Troon Mountain.

You will find Troon Village to the east of Pinnacle Peak and it is home to the private Troon Country Club.

Prospective residents have a variety of real estate options. Seasonal residents are often drawn to the townhomes located close to the country club. Or, for people looking for more room, there are several single family homes and estates available. In addition to the housing options, many of the communities are gated or guard-gated as well.

Below is an overview of Troon Village’s real estate activity through the third quarter of 2013.

TROON VILLAGE HOMES FOR SALE AND PENDING SALES AS OF OCTOBER 21, 2013
As of the today, there are 46 homes on the market. The average list price of these homes is just over $1.4 million.

The most expensive home currently on the market is an estate located on the top of the mountain in the exclusive Artesano enclave. It was built to leverage its incredible city light and Pinnacle Peak views. It has four bedrooms, six and one-half bathrooms and 7,200 square feet. It is listed for $4,250,000.

The least expensive home on the market is listed for $385,000. Located in the Desert Views neighborhood, it is a two bedroom, two bathroom home with 1,508 square feet.

There are currently two pending home sales in Troon Village. The prices range from $700,000 to $1,195,000.

Troon Village Homes For Sale October 2013
TROON VILLAGE HOME SALES THROUGH Q3 2013

Below is a quarter-by-quarter overview of home sales that have taken place in Troon Village this year.

Troon Village is showing a more level sales pattern than many other Scottsdale golf communities and Scottsdale at large.  What we have been seeing elsewhere was a very large sales spike in Q2 and then an equally large drop-off in Q3. In the case of Troon, Q1 was the strongest quarter for sales and sales activity has slowed over the course of the year.

Although average sales price has moved around a little over the quarters, the average price per square foot sold has remained pretty stable during the year.

The lowest-priced sale of 2013 so far was in the Desert Views neighborhood. It had two bedrooms, two bathrooms and 1,509 square feet. The sales price was $355,000.

The highest-priced sale was for $2,219,500. This was for a lovely contemporary home in Troon Highlands Estates with five bedrooms, five and one-half bathrooms and 5,536 square feet.

2013 Home Sales Troon Village Scottsdale AZ 85255

 

Search Troon Village 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 10/21/2013 and can change at any time. The analysis looks at  single-family residential home sales activity in Troon Village in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2013 Heather Tawes Nelson

Desert Highlands Scottsdale AZ – 2013 Real Estate Report

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– 2013 Real Estate Report for Desert Highlands Scottsdale –

Pool with a view Desert Highalnds

Desert Highlands is a vibrant golf community located in North Scottsdale, just south of Pinnacle Peak. It is home to an 18-hole Jack Nicklaus golf course,  560 home sites and a newly renovated and updated clubhouse. In addition to golf, there is a tennis complex, a state-of-the-art fitness center and pools and so much more

The rolling terrain of the foothills allows many residents to enjoy beautiful city light and valley views. And, the views of Pinnacle Peak are stunning.

Housing options range from two bedroom and two bathroom units that are perfect for “lock and leaves” all the way up to estates on large parcels.

DESERT HIGHLANDS HOMES FOR SALE AS OF OCTOBER 18, 2013

As of mid-October, there are 36 homes for sale in Desert Highlands.

Home prices range from $799,300 for a two bedroom, two bathroom home with 2,635 square feet to $5,995,000 for an over 10,000 square foot home with incredible details and finishes.

At this time, there is only one pending sale with an asking price of $685,000.

Desert Highlands homes for sale pending sales October 2013

2013 DESERT HIGHLANDS HOME SALES

Here are the sales figures for Desert Highlands for the first three quarters of 2013.

As we have seen in most Scottsdale communities, Q2 was a huge period for home sales – over 55% of the year-to-date sales activity -and Q3 was much quieter. Interesting to note is that the highest and lowest sale prices occurred in the third quarter.

In Desert Highlands, we are not seeing any clear sales trends as to sales prices or days on market as we have seen in other golf communities.

Desert Highlands Scottsdale Home Sales through Q3 2013

Search Desert Highlands Homes for Sale

Disclaimer:  Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/18/2013 and can change at any time. The analysis looks at residential single family home sales activity in Desert Highlands Club in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2013 Heather Tawes Nelson

The Scottsdale and Phoenix Luxury Condo Market – Through Q3 2013

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– Scottsdale and Phoenix Luxury Condo Sales – Through Q3 2013 –

Scottsdale Waterfront Luxury CondosHere are the results for the first three quarters of 2013 for luxury condo sales in Scottsdale and Phoenix, Arizona. In this report, for a condo to be considered ‘luxury,’ it needs to have had an asking price of $1 million or more.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX – Through Q3 2013

As you can see, there was quite a large drop in activity between Q2 and Q3. Only three units sold over the course of the third quarter and all of the sales took place in Scottsdale. Interestingly enough, there were also only three sales in Q3 2012.

A stunning penthouse at the Scottsdale Waterfront Residences in downtown Scottsdale is still the highest priced sale for 2013. It had been listed for $3,800,000 and sold for $3,600,000 in a matter of a couple of weeks. The penthouse had four bedrooms, four and one-half bathrooms, 4,437 square feet, large outdoor spaces as well as separate guest unit with kitchen and laundry.

The lowest priced sale of 2013 occurred in the third quarter. The unit was located at The Mark, a small luxury community in Old Town Scottsdale. The unit had two bedrooms, two and one-half bathrooms and 2,162 square feet. The final sales price was $920,000.

Phoenix Scottsdale Luxury Condo Sales 2013

SCOTTSDALE LUXURY CONDO SALES – Through Q3 2013

Here is the same data, but for Scottsdale condos only. As we have seen across the market, sales tapered off quite a bit after a vibrant second quarter.

At the same time last year, there had also been 18 home sales through the third quarter, so we are on the same pace as 2012.

As mentioned above, the highest and lowest sales that occurred this year were in downtown Scottsdale.

Scottsdale luxury condo sales 2013


PHOENIX LUXURY CONDO SALES – Through Q3 2013

This is the data for the Phoenix luxury condo market.
In Q3, there were no luxury condo sales in Phoenix. However, there was healthy pending inventory in the Two Bilmore Estates community, which is almost finished with the construction of new units. Based on this, I anticipate seeing some activity in Phoenix in Q4.

Phoenix Luxury Condo Sales 2013

As anticipated, there was a dropoff in sales activity in the third quarter after  a very strong Q2. If 2013 performs as other years have, Q4 should finish out with an uptick in sales, although not quite as high as we saw in the first half of the year.

 

Search Luxury Condos for Sale in Scottsdale and Phoenix 

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2013 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2013 Heather Tawes Nelson

Things to Do in Scottsdale AZ: Scottsdale ArtWalk

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– Scottsdale ArtWalk – A Weekly Event in Old Town Scottsdale –

There was a huge turnout last week for the Thursday night ArtWalk in Old Town Scottsdale, which marked the seasonal kickoff, even though this is a year-round event.  This well-loved event takes place from 7 to 10 PM each Thursday night when many of the art galleries in Old Town open their doors to the public for browsing, shopping and mingling.

Scottsdale art walk sculptures 2013

I was impressed by the turnout of visitors for the first of many wonderful Thursday evenings to come, walking from gallery to gallery, sipping a glass of wine here and there, and enjoying the experience of seeing a broad spectrum of art from paintings to sculptures.

We spent quite some time in Victor Ostrovsky’s Fine Art Gallery. Victor is closing his doors after many years of being an established gallery on Main Street, but he will continue to offer his art through the internet. The he dec

A new gallery on Main Street is the Pejman Gallery.  Bob Pejman has a remarkable background in business and art, and is a refreshing addition to the street. Stop in and browse through his display of art and enjoy his selection of books on the same subject.ision to close the retail store will give him more time to devote to his first love, painting.

A friend who accompanied me was looking specifically for large glass decorative pieces as well as unique furniture items for her new home. We found exactly what she was looking for at the Marshall/LeKae Gallery on Main Street. With the help of Randy Jones, the senior fine art consultant, we saw a number of pieces that would work beautifully in her home.

table scottsdale artwalk 2013I couldn’t resist taking photos of the large abstract sculpture of musicians in the center of their showroom surrounded by traditional oil paintings as well as unique glass pieces. The table shown in the attached photo is a piece done by an artist in New Mexico. It is sculptured from metal, with interesting inlays of color. The artist completes each piece with a special seal that protects the finish and allows the owner to actually use the furniture.

If you are a regular attendee of the ArtWalk, I think you will be pleasantly surprised at some of the new galleries and artists this season. For those of you who have not experienced this fun evening of art, this is your opportunity to see some fabulous work and have the opportunity to talk with the gallery owners and artists.  It is truly a unique Scottsdale experience.

Scottsdale AZ Luxury Home Market – September 2013

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Scottsdale Luxury Home– Scottsdale AZ Luxury Home Market Performance for September 2013 –

September was a mixed month for luxury home sales in Scottsdale, but inventory was up across the board.

To prepare this analysis, I used homes with asking prices of $1 million or more. Since performance can change greatly depending on the price point, I segmented the data further into four price bands to show additional detail.

Each price band includes the following information:

Active – How many homes were on the market at the end of the month.
Pending – Home many homes sales that were pending at the end of the month.
Sold – How many homes closed during the month.

– September 2013 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market:  Inventory jumped 12.4% to 191 at the end of the month. In September, it surpassed the 12 month average of 189.
– Pending Scottsdale Home Sales: There was a drop in pending sales coming off of a strong August. The month ended with 24 homes under contract.
– Scottsdale Homes Sold: Twenty-six homes sold in September which is the same as the 12 month average.
–  Sales Price to Listed Price: 94.5% – This is on par with what we have been seeing for this price segment.

Scottsdale Luxury Homes for Sale Between $1 and $1.5 Million September 2013


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

– Active Scottsdale Homes on the Market: This price range also saw a 12% increase in inventory over the course of the month. 111 homes were for sale, which is still lower than the 12 month average of 124.
– Pending Scottsdale Home Sales: There was a solid number of pending sales (20) at the end of September, which is ahead of the 12 month average of 17.
– Scottsdale Homes Sold:  Home sales were slow, however, coming in with 9.
– Sales Price to Listed Price: 97.0% – This is a strong number for this price point.

Scottsdale Luxury Homes for Sale Between $1.5 and $2 Million September 2013


Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: There was a marked jump (27.6%) in the number of homes for sale in this segment. The month ended with 111 on the market.
– Pending Scottsdale Home Sales: Pending sales stayed the same for the third month in a row at 3.
– Scottsdale Homes Sold: This price band had its poorest showing in the last 12 months with only a single sale in September.
– Sales Price to Listed Price: 91.4% – This is pretty normal for this price segment.

Scottsdale Luxury Homes for Sale Between $2 and $3 Million September 2013


Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: As we saw in all of the other categories, inventory increased in September. 97 homes were for sale, which is lower than the 12 month average of 103.
– Pending Scottsdale Home Sales:After there were zero pending sales in August, it was nice to see September close out with three pending sales.
– Scottsdale Homes Sold: Two homes sold in excess of $3 million. This is on track with the 12 month average.
– Sales Price to Listed Price: 91.4% – This figure bounces around a bit, but this is about what we have been seeing.

Scottsdale Luxury Homes for Sale Over $3 Million September 2013

 

As discussed above, inventory is on the rise. Part of this is due to sellers taking their homes off of the market during the slower summer months. We did see some promising results on the pending and sales side of things, but performances were mixed.

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 10/1/2013 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There September 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 © 2013 Heather Tawes Nelson

Scottsdale Interior Design: Color Forecasting

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– Color Choices in Your Home Design and Color Trends  –

Colorful paint cans CC Skeddy in NYC

One of the single most difficult decisions I see plaguing my clients is color, especially when it comes to painting their walls. Interestingly enough though, this is the place where you can get daring and it’s the least expensive mistake you can make.

So when I see a client hesitate about picking colors, I advise them to let go of their inhibitions and try for bolder, adventurous colors and find a whole new excitement in their interiors.

Interior Design, just like fashion, is forever changing and color is key to those changes. Do you remember Harvest Gold? For those of who lived through the 70’s, it conjures up visions of appliances. Ten or so years later, that particular tone of gold was not so popular, nor readily available. This is all due to what is called color forecasting.

COLOR FORECASTING
Each year, the design industry sets out to establish the upcoming color trends. Typically, fashion and interior design will echo each other in this. Many factors go into the process, sometimes it relates to political events, sometimes a music trend, or even sometimes a historical reference will be made. It can be very interesting when you read the forecasting of the various organizations that create the palettes for an upcoming season.

Among color experts, the PANTONE® name is known worldwide as the standard language for color communication from designer to manufacturer to retailer to customer. (If you are curious  to see their 2014 color forecast, go to www.Pantone.com.)

The Color Marketing Group is another and was recently quoted as saying at a forecasting event: “It seems the cheerful chromatic palette we experienced last year is pleasantly shifting in a more sophisticated, mature direction… Early indicators are revealing a trend down in chromaticity by softening our color entrees more in a pastel direction.”

Many if not all the major paint companies offer their insight into future color trends, Sherwin Williams is a good example. Take some time on the internet and Google phrases like “color trends”, “color forecasting”, etc. and see what the future of color will bring.

SELECTING COLORS FOR YOUR INTERIOR DESIGN PROJECT
But here is where it gets tricky… Let’s say you have a room that needs some updating. The draperies are fine, the accessories could use a little enhancing,  but the upholstery is in serious need of attention, as well as the pillows. If your interiors are several years old, it may be difficult to come up with compatible colors.

If you find yourself  having challenges with some updating and are unsuccessful at blending new color palettes with old, find a design professional you trust to assist.

The spectrum of paint colors available is limitless and many times, colors are best chosen after you have selected interior items such as fabrics. Many designers offer color consultation for a set fee and are trained in color so don’t hesitate to seek a professional for your next project.

 

The state of color is always fluid, rushing forward and gathering influences from the world around us. 

–  Sherwin Williams

 

More Information: 
Robyn Randall, ASID
Designs by Robyn LLC
Email
Website: www.DesignsByRobyn.com
Twitter: @RobynASID

 

Creative Commons image courtesy of Skeddy in NYC

 

Phoenix and Scottsdale AZ Luxury Condo Sales – September 2013

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Optima Camelview Village Condos Scottsdale– Phoenix and Scottsdale AZ Luxury Condo Sales – September 2013 –

The luxury condo market in Phoenix and Scottsdale picked up a little bit in September. (For the purposes of this report, I am defining the luxury condo market as those units with asking prices of $1 million or above.)

ACTIVE LISTINGS AT THE END OF SEPTEMBER

Inventory was down slightly by the end of the month to 25 condos. Fourteen of these were in Scottsdale and the remaining eleven were in Phoenix.

At the end of September, the least expensive unit on the market was in Phoenix’s Esplanade Place. This two bedroom plus office, three bathroom, 3,000 square foot residence was listed for $1,095,000.

The most expensive condo has been on the market for a while and is listed for $3,695,000. This Scottsdale Waterfront Residences penthouse comes with two bedrooms, two and one-half bathrooms and encompasses 3,3,63 square feet.


PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of September, there were six condo sales pending and they were evenly split between Scottsdale and Phoenix.

The three Scottsdale pending sales came from three different communities:

  • Optima Camelview – This was a three bedroom, two bathroom unit with 2,469 square feet. Asking price at the time of contract was $1,100,000.
  • The Landmark (Kierland) – This was a three bedroom, 2.75 bathroom condo with 2,591 square feet. Asking price was $1,199,000.
  • Scottsdale Waterfront Residences – This eighth floor unit had two bedrooms, two and one-half bathrooms and 2,469 square feet. The asking price was $1,600,000.

Here is an overview of the three pending sales in Phoenix:

  • Two came from Two Biltmore Estates and are new builds that have not been completed yet. The first is a three bedroom, four bathroom, 3,860 square foot residence with an asking price of $1,798,000. The other is a four bedroom, four and one-half bathroom, 3,860 square foot unit with an asking price of $1,878,000.
  • The third pending unit is from one we do not see very often. This was at the Orpheum Lofts in downtown Phoenix. This two bedroom, two and one-half bathroom, 2,777 sqaure foot loft was being sold for $1,495,000.

LUXURY CONDO SALES FOR SEPTEMBER

There was a single luxury condo sale in September and it took place at The Landmark in North Scottsdale. The condo that sold was a fourth floor unit with three bedroom, two and one-half bathrooms and 3,054 square feet. The asking price had been $1,250,000 and it sold for $1,200,000.

Phoenix Scottsdale Luxury Condo Sales September 2013

September was a little more active in Scottsdale and Phoenix in the luxury condo category. The large number of pending sales at the end of the month bodes well for October sales.

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 10/1/2013 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 September 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 © 2013  Heather Tawes Nelson

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