Estancia is one of the top luxury golf communities in Scottsdale, AZ. This is the patio off of the Estancia Club clubhouse looking up the course.
Estancia Golf Community – Scottsdale, Arizona
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Scottsdale AZ Luxury Home Market – June 2010
Here are the figures for Scottsdale’s luxury home market for June 2010. I am defining the luxury home market as homes with list prices in excess of $1 million. This analysis looks at the activity of single-family, resale homes in Scottsdale over the last 12 months.
– June 2010 –
Homes Priced Between $1,000,000 – $1,499,999
– Actives: At the end of June, there were 279 homes on the market in Scottsdale in this price range. This number has been steadily decreasing since March and is well below the 12 month average of 357 active homes.
– Pendings: Twenty-eight homes were pending sale at the end of the month. This is a 20% drop off from May and is the same as the 12 month average of 28 pending sales.
– Sold: Thirty homes sold in June, up 42.9% over May’s sales figures, which is the highest we have seen in 12 months. The closest sales have been to this was in September of 2009. The 12 month average for home sales is 21.
– Sales Price to Listed Price: 89.5% – This is pretty typical for this price range, which hovers in the high 80%’s and low 90%’s.
Homes Priced Between $1,500,000 – $1,999,999
– Actives: At the end of the month, 182 homes were for sale at this price point. This number has been decreasing since the February of this year and this is the first time this number has dipped to under 200 in the last year. The 12 month average for this figure is 226.
– Pendings: Pending sales came in at 18 at the end of the month which is right on track with the 12 month average.
– Sold: There were 11 home sales in June, which is also the same as the 12 month average of 11.
– Sales Price to Listed Price: 83.6% – This is a little lower than we typically see. Usually, this is closer to the mid-80%’s.
Homes Priced Between $2,000,000 – $2,999,999
– Actives: Only 156 homes were on the market in this price point at the end of June. This figure has been dropping since November of 2009 and the 12 month average is 215.
– Pendings: Only 4 homes were pending at the end of the month. This is a very large drop (63.6%) from May’s 11 pending sales. The 12 month average is twice this figure at 8.
– Sold: Home sales in June were excellent for this price range. Ten homes sold. The 12 month average is 7.
– Sales Price to Listed Price: 87.9% – This is pretty standard for this price point.
Homes Priced $3,000,000+
– Actives: 125 homes were listed for over $3 million last month. This figure was down 5% over May’s 132. The 12 month average for active homes in this price segment is 144.
– Pendings: There were 4 pending sales at the end of June. This is down a little from April and May, but is still ahead of the 12 month average of 3.
– Sold: Four homes sold for more than $3 million in June. This is also slightly ahead of the twelve month average of 3.
– Sales Price to Listed Price: 87.9% – This is pretty standard for this price range.
June was another decent month for the luxury home market in Scottsdale AZ. Inventory continues to decrease and sales activity was strong. What is worrisome is that pending sales activity dropped off quite a bit from the momentum it was gaining. Therefore, July sales figures will be impacted negatively.
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. For other information on the Scottsdale real estate market and the surrounding areas, please visit my Real Estate Market Reports page.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2010 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
Chihuly Exhibit at Desert Botanical Garden – Phoenix, Arizona
This was at the entrance of the Chihuly exhibit at the Desert Botanical Garden in Phoenix, Arizona. Chihuly’s amazing glass creations were liberally sprinkled around the DBG.
Scottsdale AZ Single-Family Homes For Sale – June 2010
Here are the figures for June 2010 for the Scottsdale AZ real estate market. This analysis looks at single-family homes for sale and home sales data in the city of Scottsdale.
June 2010 Highlights for Scottsdale AZ Homes for Sale:
- Active Scottsdale Homes for Sale: At the end of June 2010, there were 2,556 active homes for sale in Scottsdale. This number has been steadily decreasing since January of this year. The 12 month average for this figure is 2,808.
- Pending Scottsdale Home Sales: At the end of the month, pending sales had dropped off a bit to 542. This is a 13% decrease over the month of May, but is still slightly ahead of the 12 month average of 539 pending sales.
- Scottsdale Homes Sold: 449 homes sold in Scottsdale in June. This is the highest number of sales we have seen in the last 12 months. This is well ahead of the 12 month average of 371.
June was another strong month for Scottsdale real estate. Inventory was down yet again and sales were the strongest we have seen in the last year. However, the tax credit was likely fueling a number of these sales. Pending sales did see a marked decrease at the end of the month, so this will likely affect July home sales figures.
Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 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.
Copyright © 2010 Heather Tawes Nelson
Orange Sunset – Scottsdale, Arizona
Here is a beautiful and colorful sunset in Scottsdale, Arizona framed by a Saguaro cactus. Scottsdale is known for its spectacular sunsets.
Where to Eat in Scottsdale AZ: Eddie V’s
**UPDATE: Eddie V’s has closed the DC Ranch location and will be reopening at the Scottsdale Quarter near Kierland**
One of the mainstays of DC Ranch’s Market Street in Scottsdale, Arizona is Eddie V’s. Eddie V’s has been at DC Ranch for many years and remains a popular place to go for upscale seafood and steaks.
The decor of Eddie V’s is elegant with low-lighting and there are many b0oths spread among the tables. Service is efficient, professional and friendly. Your server is always happy to walk you through the various offerings on the menu as well as the specials. If you are a wine-drinker, Eddie V’s has a great list to choose from.
The menu at Eddie V’s is lengthy with plenty of options for seafood lovers as well as non-seafood lovers. Some of the standout appetizers include the Colossal Shrimp Cocktail that comes with amazingly fresh, and potent, horseradish, Kung Pao Calamari, and the Maryland Lump Crabcake. If you are in the mood for a soup or salad, we really enjoy the Lobster and Shrimp Bisque and the BLT Wedge salad.
The entree list is equally long. One of my top picks is the Lemon Sole in Parmesan Crust. For an additional charge, they can also add a healthy serving of lump crab meat to accompany the fish. Everyone who has had the Hong Kong Style Steamed Sea Bass raves about it. and the ahi steak is impressive as well. For people not looking for seafood, there is a large selection of prime steaks and a delicious roast chicken breast on the menu.
Side dishes are served family style and once again, there are plenty to choose from. We often order the sauteed spinach and crab-fried rice. The Brabant potatoes are another tasty and decadent choice.
Desserts are also a treat at Eddie V’s. There is a molten chocolate cake that is delicious and they make a bread pudding that people are always raving about.
If you are interested in a less formal dining experience, Eddie V’s has a large bar area to enjoy drinks and items from the menu. There is frequently live music being performed for the patrons. One of Eddie V’s great features is its Happy Hour menu where you can get healthy discounts off of select menu starters and drinks. So, if you are in the mood for a snack, versus a full meal, this is a great deal to take advantage of.
More Information:
Eddie V’s at DC Ranch
20715 North Pima Road
Scottsdale, AZ 85255
480.538.8468
Eddie V’s website
– Opens daily at 4:00 PM
Sculpture at Silverstone – Scottsdale, Arizona
This is the sculpture that graces the traffic circle at the new Silverstone development in Scottsdale, Arizona. This parcel was formerly the site of Rawhide at Pinnacle Peak and Scottsdale Roads.
Scottsdale in the Summer – Interested in Lowering Your Energy Costs?
As we all know, Scottsdale, Arizona and Arizona in general get pretty warm during the summer months. And with the increased temperatures come higher electrical bills.
I took the time this morning to look over a program being offered by APS, a major local utility vendor, to reduce energy costs. I am guessing many of us have one or two appliances that we’ve owned for a number of years that are probably very costly to run. To assist with this, APS has a new program called TURN IT IN that recycles older refrigerators/freezers that don’t meet the new efficiency standards.
APS is offering free pickups and a $30.00 rebate to any homeowner who wants to be part of their effort to lower utility costs.
To qualify for the program, there are a few criteria:
- You must be a current APS customer
- You must own the appliance
- The appliance must be in operable condition – i.e. capable of maintaining a cold temperature
- It must be of a standard size between 10-30 cubic feet
- It must be plugged in, empty and cold inside
- There must be a clear path for pick up and removal
- Someone over 18 years of age must be present to sign and release the unit
To find out what your savings would be, go to www.aps.com/turnitin. They even provide a chart for you to get an estimate of the cost savings over a 5 year period.
For instance, I have an older refrigerator/freezer in the garage for cold drinks and extra storage. Based on the chart I would save $255 over a five year period. Replacing the refrigerator/freezer in my kitchen would save me over $500 in a five year period. While these numbers represent modest savings over multiple years, both of these units are over 10 years old and if I were thinking of replacing them – this would be a great time to do it.
If this of interest, look into it for any refrigerators and freezers in your home.
