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Scottsdale AZ Single-Family Homes for Sale – August 2010

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Here are August 2010’s real estate sales figures for Scottsdale AZ. This analysis looks at Scottsdale single-family homes for sale, home sales that are pending and actual home sales in the city of Scottsdale.

Scottsdale AZ Real Estate Activty August 2010

Scottsdale AZ Homes for Sale August 2010

August 2010 Highlights for Scottsdale AZ Homes for Sale:

  • Active Scottsdale Homes for Sale: At the end of August, there were 2,588 homes for sale. This was up very slightly (0.5%) over July. However, this is the second time this number has increased slightly since February this year. The 12 month average for this figure is 2,776.
  • Pending Homes Sales in Scottsdale: Pending home sales dipped for the fourth month in a row to 441. This figure is well below the 12 month average of 529 pending sales.
  • Scottsdale Homes Sold: There were only 332 home sales in August. This is the lowest this figure has been this year since January when the monthly home sales were 267. This figure also trails the 12 month average which is 369 home sales.

Scottsdale AZ real estate had another lackluster month in August 2010 . Home inventory went up slightly, although it is still tracking behind the 12 month average, which is good news. Pending home sales and actual home sales in Scottsdale fell again. The decreases were not as large as what we saw between June and July though. And, since pending sales were down, home sales in September should continue to be depressed. On a positive note, the ‘Sales Price to Asking Price’ ratio was up to 93.4%, meaning homes were selling at less of a discount off of list price last month.

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 9/1/2010 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

Where to Eat in Scottsdale AZ: A Collection of North Scottsdale Frozen Yogurt Shops

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The great weather in Scottsdale means that cold treats like frozen yogurt and gelato are fun to have year-round.  Here is a short list of North Scottsdale area frozen yogurt shops that are a quick and easy way to feed your frozen yogurt craving on a sunny day.
Counter Culture = Mmm-delicious

All of these relatively new yogurt shops cater to individual tastes. You are in charge of serving yourself, so you are free to pick whatever flavors, quantities and toppings you would like. It is not unusual to be able to pick from 8 or more flavors running anywhere from “Oatmeal Cookie” to non-dairy “Hawaiian.” In addition, the majority of these stores feature at least one “tart” flavor, which is making a comeback from when frozen yogurt was first introduced to consumers.  One benefit is that most of these flavors are non-fat and the few that are not are low-fat.

Topping combinations are endless. You can have almost anything with your yogurt from dry toppings like sprinkles, candies and cereal, to several fresh fruit options, to things like caramel sauce and hot fudge if you are in the mood to be a little more decadent.

Once you are done selecting your yogurt flavors and toppings, simply put your cup on the scale and you are charged by the ounce.

Here is a short list of some of the stores I recommend in the North Scottsdale area:

  • Cherry on Top – Two locations – The Summit – 32421 N. Scottsdale Road and Sonora -15640 N. Pima Rd.
  • The Yogurt Bar – Grayhawk – 20851 N. Scottsdale Road (CLOSED)
  • Yogurtology– Mc Dowell Mountain Ranch area – 15029 N Thompson Peak Parkway. Kierland location coming soon.(CLOSED)
  • Mojo Yogurt – City North in North Phoenix – 5410 High Street

And, I do want to include one other place for excellent cool treats, even though they do not serve frozen yogurt. That’s Amore, located at the corner of Pinnacle Peak and Miller Road, makes the most delicious, fresh gelato. They always have tons of options to choose from and their authentic gelato is another great way to enjoy a cool treat.

photo credit: Steve Snodgrass

Desert Mountain, Scottsdale AZ – 2010 Home Sales Performance

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Desert Mountain Scottsdale AZ Homes for Sale Here are the 2010  homes sales numbers for Desert Mountain in Scottsdale, Arizona. Desert Mountain is a luxury golf community located in the far north section of Scottsdale. Desert Mountain features six golf courses, six clubhouses and much more.

This analysis takes a look at Desert Mountain real estate sales for Q1 and Q2 of 2010. It also highlights July 2010 home sales activity as well as current homes for sale in Desert Mountain and pending home sales.

Desert Mountain Real Estate Sales Q1 and Q2 2010

The number of homes that sold at Desert Mountain was split pretty even between Q1 and Q2. The average days on market for these homes came in just under a year. However, in Q2, the average sales price saw an increase and the average price per square foot also saw a boost.

 

Desert Mountain Scottsdale AZ Real Estate Sales July 2010

Here are last month’s figures for Desert Mountain home sales. Based on Q1 and Q2’s average of about 10 sales per month, July was trailing a little bit with 7 sales. However, average sales price saw a large increase to $2,400,000 and a jump in average price per square foot.

About Scottsdale’s Desert Mountain
Desert Mountain is one of Scottsdale’s premier luxury golf communities. Located northeast of Carefree and Cave Creek in Scottsdale, Desert Mountain sits on 8,000 view-filled acres and is home to six challenging Jack Nicklaus golf courses. There are six clubhouses offering dining options that range from casual to more formal. It features an extensive tennis complex with various court surfaces, a fitness center and spa as well as multiple swimming pools. Outdoor enthusiasts will enjoy the miles of trails that wind throughout the community. Homes range from smaller cottages up to expansive estates.

Search Desert Mountain Homes for Sale

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Disclaimer: Information herein deemed reliable but not guaranteed. Data pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010 (Q1), 7/1/2010 (Q2) and 8/26/2010 (July and current information) and can change at any time. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson

DC Ranch Scottsdale, Arizona – 2010 Home Sales Performance

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DC Ranch Scottsdale AZHere are the home sales figures for DC Ranch real estate in Scottsdale, Arizona for 2010. DC Ranch is a delightful community located in North Scottsdale, just north of the 101 freeway. It has housing options for everyone including condos and townhomes up to mutli-acre expansive estates.

This report will provide a snapshot of DC Ranch single-family home sales in Q1 and Q2 2010 as well as July 2010. Additionally, it contains active homes for sale in DC Ranch and pending home sales in DC Ranch.

DC Ranch Scottsdale AZ Real Estate Sales 2010

As you can see, homes sales activity was slightly better in Q2 than Q1, but the average sales price of the homes was lower. Average price per square foot was up slightly.

DC Ranch Real Estate July 2010 Homes for

Here are more recent statistics on the DC Ranch real estate market. Pending sales look to be on track with Q1 and Q2 monthly averages, but sales price and average asking price per square foot continue to decrease.  July sales were strong, but again we see that the average sales price has moved to $750,492 whereas for Q1 and Q2, it was $863,667.

About Scottsdale’s DC Ranch:
DC Ranch is a  luxury community located in North Scottsdale. DC Ranch is broken into several different neighborhoods. These neighborhoods range from condo and townhome communities to multi-million dollar estates in guard-gated enclaves.

DC Ranch has its own K-8 school and two large community centers, Desert Camp and The Homestead. DC Ranch is also home to the DC Ranch Country Club, which is a private golf club with an 18-hole course designed by Tom Lehman and John Fought.

In additon to all the community offers, DC Ranch is also  home to Market Street, a wonderful shopping, dining, personal care and entertainment district.

Search DC Ranch homes for sale.

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Disclaimer: Information herein deemed reliable but not guaranteed. Data pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010 (Q1), 7/1/2010 (Q2) and 8/23/2010 (July and current information) and can change at any time. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson

Grayhawk Scottsdale, Arizona – 2010 Home Sales Performance Through Q2

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Grayhawk Scottsdale AZ Raptor Community EntranceLocated in North Scottsdale, Arizona, Grayhawk is a wonderful community that appeals to a wide variety of people and families. There are two main neighborhoods including a guard-gated area that wraps around the two signature golf courses.

This analysis takes a look at single-family homes sales in Grayhawk in 2010. I have broken the information out so that you can see Q1, Q2 and Year-to-Date sales, as well as the month of July. Additionally, there is information on current homes on the market and pending sales.

2010 Grayhawk Scottsdale AZ Home Sales
As you can see, sales activity picked up a bit between Q1 and Q2, but the average sales price was lower. In addition, the average square footage of the homes and average price per square foot also decreased between the two time periods. The other metrics stayed more or less the same.

Here are the current figures for Grayhawk single-family homes.
Grayhawk Real Estate July 2010 Scottsdale AZ
Sales activity in July kept up the same positive pace we saw in the previous months. There were 13 home sales in Grayhawk in July and the average sales price was up slightly over Q2’s average sales price. And, as of the 20th of August, there were 16 pending home sales.
About Grayhawk:
Grayhawk is a wonderful Scottsdale community. Known for its two courses at the Grayhawk Golf Club, Talon and Raptor, it is a great choice for people who want to live in a golf community. Grayhawk is composed of two neighborhoods, the guard-gated Retreat and The Park. Home options in Grayhawk run the gamut. There are offerings from condos and townhomes up to large golf estates. The Grayhawk Golf Club is public and is home to a full-service clubhouse with a pro shop, restaurant and bar. Grayhawk’s central location is close to plenty of shopping and dining, entertainment, outdoor pursuits, transportation and so much more.
Search Grayhawk Homes for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010  (Q1), 7/1/2010 (Q2 and YTD) and 8/20/2010 (July) can change at any time. The analysis looks at home sale activity in the golf community of Grayhawk in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson

The Hunger Site: One-Stop Shopping for Multiple Charities

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Often, I try to highlight local Scottsdale and Phoenix charities via my blog. Today, I wanted to talk about a great website that has a more global reach. One of my favorite websites to visit on a frequent basis is The Hunger Site. When you enter The Hunger Site, not only can you impact global hunger, but you can also impact multiple other charitable causes, including Breast Cancer, Child Health, Literacy, Rainforest and Animal Rescue.

The premise of the website is pretty simple, by clicking on the link at the top of the tabbed pages, the sponsors of that page will then donate to make some kind of impact for the specific cause.

  • Click on The Hunger Site link = 1.1. cups of food go to the hungry
  • Click on The Breast Cancer Site link = 1 woman gets a free mammogram
  • Click on The Child Health Site = 1 child gets lifesaving healthcare
  • Click on The Literacy Site link = 1 child gets a book of their own
  • Click on The Rainforest Site link = 11.4 feet of rainforest is protected
  • Click on The Animal Rescue Site = .6 of a bowl of food is provided for a rescue animal

In addition to clicking on the sponsored links, each website has a large variety of items to shop from. Many of these items are unique and handmade by artisans around the world. Other items include cause-related gear. By purchasing these items, you actually make a larger impact as a portion from every sale goes toward the cause the item is being sold on behalf of. For instance, buying a tote bag from The Rainforest Site could equate to 1,145 square feet of land being protected.

If this is of interest, I highly recommend making The Hunger Site and its affiliate sites a frequent stop when you are browsing the web. It is a great way to make an impact on a daily basis that does not take up a lot of time. And, you may even find something special for yourself or someone else as you browse the various pages.

Scottsdale Home Sales in Zip Code 85262 – 2nd Quarter 2010

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Each quarter, I pull the information on homes sales in north Scottsdale’s zip code 85262 to get an idea of how the sales activity was broken out by types of home sales.

85262 is a North Scottsdale zip code. 85262 is home to many of Scottsdale’s top luxury golf communities. Here are some of these communities that can be found in 85262:

The sales types are broken into three categories – They are “regular” sales (or non-distressed sales), short sales (or pre-foreclosure sales) and foreclosures (also known as  lender-owned homes, bank-owned homes or REO’s.)

Here is how the sales activity for Scottsdale zip code 85262 broke out for Q2 2010:

Real Estate Sales in Scottsdale AZ Zip Code 85262 Q2 2010

Homes Sales in Scottsdale Zip Code 85262

 

 

Overall Findings for Q2 2010 – Scottsdale Single-Family Home Market for Zip Code 85262

  • Active Homes For Sale: As we have seen in Scottsdale in general, non-distressed sales represent the majority of the homes on the market. For 85262, these homes were 79% of the market. The remaining 21% was split almost equally with short sales (12%) and lender-owned (9%).
  • Pending Homes for Sale: Pending sales were almost equal between the three sub-categories. Regular sales were 33%, short sales were slightly higher at 36% and foreclosures were at 31%.
  • Q2 2010 Scottsdale Home Sales: Although pending home sales in Scottsdale were almost equal at the end of Q2 2010, the actual sales figures showed a bit of divergence. The majority of home sales were regular sales (53%).  Foreclosures came in second at 27% and short sales were the least represented with 21%. This  makes sense as regular sales are the most “standard” sales you see today, with foreclosures coming being a little more complex. The short-sale process can take many months to complete and many sales fall out, so it makes sense it had the lowest percentage of sales.
  • Home Prices: The average home price as well as the average price per square foot for non-distressed home sales were significantly higher than the two other categories. If you look at the lender-owned category, average square footage was very similar to non-distressed sales, but the average price per square foot was almost $100 less.
  • Days on Market: Lender-owned homes enjoyed the shortest average days on market with 166. This is understandable as there continues to be pent-up demand for foreclosures throughout the Valley. Short sales come in with the highest days on market as the sales process is the longest of the three.
    Discounts Off of List Price: A very large discount off asking price, 13%, was seen with non-distressed sales in the second quarter of 2010. This is because non-distressed sellers have the luxury of negotiating their own price versus relying on a third-party for approval. Short sales and foreclosures were in the 5% discount range for Q2 2010.

Here is the same analysis for the first half of 2010 for zip code

Scottsdale Real Estate Sales Zip Code 85262 Q1 Q2 2010

 

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2010, 4/1/2010 and 7/1/2010 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. Information deemed reliable but not guaranteed.
Copyright © 2010 Heather Tawes Nelson

Scottsdale AZ Luxury Home Market – July 2010

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Here are July 2010’s results for the Scottsdale AZ luxury home market. For the purposes of this report, I define the Scottsdale luxury home market as homes with asking prices over $1 million. This analysis reviews the sales activity of single-family, resale homes in Scottsdale over the last 12 months.

– July 2010 –
 
Homes Priced Between $1,000,000 – $1,499,999
– Active Homes for Sale: At the end of the month, there were 275 active homes in this price range in Scottsdale. This number was down slightly from June’s 279, continuing a four month trend of decreasing inventory. The 12 month average is 348.
– Pending Home Sales: Pendings saw another very large decline (35%) month-over-month. This is the second month in a row where there has been a significant decline. At the end of the month, there were 18 pending sales, well below the 12 month average of 27.
– Homes Sold: Nineteen homes sold in July, a large decline from June’s sales of 30 homes, but June was a spectacular month for this price range. The 19 sales were more in line with the 12 month average of 21 home sales per month.
– Sales Price to Listed Price: 88.3% – This is more or less a typical ratio for this price range, which is usually in the high 80%’s and low 90%’s.

 Scottsdale AZ Luxury Home Market July 2010 1 to 1.5 Million

 Homes Priced Between $1,500,000 – $1,999,999
– Active Homes for Sale: At July’s end, there were 177 homes on the market in this price range. Inventory for this price segment has been decreasing since February of this year. The 12 month average is 221 homes for sale.
– Pending Home Sales: There were 13 pending sales at the end of the month. The last time we saw this figure so low was in October of 2009 when there were 14 pending sales. This is well below the average of 18 pending sales.
– Homes Sold: Seven homes sold in July, a 36% decrease over June. This figure is also behind the 12 month average which is 10 home sales.
– Sales Price to Listed Price: 90.6% – This is the first time this figure has been in the 90%s since November of 2009. So while sales were down, the homes sold for less of a discount off of the asking price.

Scottsdale AZ Luxury Home Market July 2010 1.5 to 2 Million

Homes Priced Between $2,000,000 – $2,999,999
Active Homes for Sale: The number of homes on the market at this price point by the end of July was 147. This figure has been steadily decreasing since November of 2009. The 12 month average is 208.
– Pending Home Sales: Pending home sales were actually up over June to 6. This is positive news, however, this figure still trails the 12 month average of 8 pending sales.
– Homes Sold: Only 5 homes sold in July in this price segment, a 50% decrease over June, putting this figure below the 12 month average of 7 sales. The last time this number was so low was November and December of 2009.
– Sales Price to Listed Price: 85.3% – This is a little lower than is usually seen. For the last few months, this has been in the high-80%’s and even was at 90.1% one month.

Scottsdale AZ Luxury Home Market July 2010 2 to 3 Million

Homes Priced $3,000,000+
–  Active Homes for Sale: The number of homes for sale in Scottsdale over $3 million at the end of June dropped to 115. This is the lowest this figure has been since I started tracking this data in September of 2007. The 12 month average is 141.
– Pending Home Sales: There were three pending home sales at the end of the month. This is one less pending sale than June, but it is on track with the 12 month average of 3.
– Homes Sold: Three homes sold in July. Again this was off by one over June, but is also the same as the 12 month average of 3 home sales per month.
– Sales Price to Listed Price: 82.2% – This figure varies widely month to month. It is not uncommon to see the low 80%s one month and high 80%s the following.

Scottsdale AZ Luxury Home Market July 2010 Over 3 Million

July was a challenging month for the luxury home market in Scottsdale AZ. On a positive note, inventory continues to decrease month over month for all of the price points. However, the lackluster results for home sales and more importantly, the low pending sales figures mean that August is going to be  another challenging month.

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 8/1/2010 and can change at any time. The analysis looks at single-family resale homes in Scottsdale 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

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