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Desert Mountain Real Estate Update – 2017 Year-To-Date

August 30, 2017 By Heather Tawes Nelson

– 2017 Desert Mountain Real Estate Activity –

Desert Mountain is one of Scottsdale’s most popular luxury golf communities. Its amenities include six Jack Nicklaus courses, six clubhouses, a vibrant social scene and a brand new fitness center and spa.

There are a wide variety of housing options at Desert Mountain. Want a great golf home, but you are not in the market for a lot of square footage? There are two and three bedroom casitas, which are perfect for full-time residents as well as seasonal homeowners who desire “lock and leave” homes. There are several production home neighborhoods to choose from as well as many custom homes. Architectural styles range from territorial, to southwestern, to Tuscan, to stunning contemporary masterpieces.

This report takes a look at recent real estate activity in Desert Mountain over the course of 2017.

ACTIVE AND PENDING SALES IN DESERT MOUNTAIN – AS OF AUGUST 28, 2017

This first section is a look at homes currently on the market and under contract.

The most expensive home on the market is an 11,625 square foot custom estate. It is on the market for $9,498,000.

The least expensive home for sale is a casita with 1,836 square feet. It is listed for $545,000.

Seventeen homes are currently under contract.

DESERT MOUNTAIN HOME SALES FOR 2017 – THROUGH 8/28/17

This next chart covers quarterly sales performance in Desert Mountain. As we have not completed Q3 yet, the sales figures run through August 28th.

Q1 2017 was a strong start to the year with thirty-one homes sales. This momentum carried into Q2 where we saw an impressive forty-four sales. Sales in Q3 have scaled back a little bit, but this is tied to the seasonal slowdown we see annually.

Although the price per square foot varies quite a bit between each quarter, the sales price to list price has stayed level at right around 91%. Looking at this another way, Desert Mountain buyers on average saw about a 9% discount off of asking prices.

The most expensive sale of 2017 so far was for $9,200,000. It was a breathtaking new construction contemporary home with 7,548 square feet.

The least expensive sale to-date was $535,000. It was a two bedroom Sonoran cottage with 2,086 square feet.

For more information about Desert Mountain or if you have any questions, please feel free to email us or call/text us at (480) 209-7843.

SEARCH DESERT MOUNTAIN HOMES FOR SALE

Here is a selection of some homes for sale in Desert Mountain. Or, if you prefer, search all homes for sale in Desert Mountain.

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 8/26/2017 and can change at any time. The analysis looks at residential single family home sales activity in Desert Mountain in Scottsdale and Carefree, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2017 Heather Tawes Nelson

Scottsdale’s New Brush and Bulk Pickup Program

August 28, 2017 By Heather Tawes Nelson

– City of Scottsdale Brush and Bulk Pickup – New Guidelines –

The City of Scottsdale recently released new guidelines for brush and bulk pickup that not only help control costs for homeowners and renters, but also help the environment.

Historically, on brush and bulk pickup days, all trash would go into a single pile. Going forward, the City of Scottsdale is asking that you separate your bulk and brush into two piles that are at least three feet apart from each other.

“Green” pile – This pile will include any refuse that is “green” and can be used for compost for new plants. This is where you would include things like branches, grass clippings and other yard waste.
Anything else – Anything that cannot be composted. These would be things like pallets, mattresses and so on. These items will go into the landfill.

Instead of all items being picked up by a single truck, there will now be two trucks to pick up the different piles. This is a great way to keep compostable items out of the landfill and help new plants grow throughout our community.

Want to know more about Brush and Bulk Collection? Here are some helpful hints from the City of Scottsdale website.

Brush and Bulk collection is conducted monthly. The dates of your service are based on where in Scottsdale you live.

Click here for the 2017 Brush and Bulk Collection calendar

Have your items out by 5 AM Monday on the week your home will be serviced
Do not include things like hazardous waste, remodeling/construction trash, sheet glass (including panes or mirrors) or regular trash
Crews have an allotted time of twenty minutes per residence. If the amount of items you have exceeds this time limit, you will need to store any remaining items until the following month’s collection

Have more questions? The City of Scottsdale’s Solid Waste section on the website has lots of additional answers and resources for you.

Disclaimer: All information deemed reliable, but not guaranteed. Please visit the City of Scottsdale’s website for the most up to date information.

Things to Do in Scottsdale – September 2017

August 23, 2017 By Heather Tawes Nelson

– Scottsdale Events September 2017 –

September is around the corner and with it comes many new events and happenings in and around Scottsdale. Here are a few of the ones we wanted to highlight:

Phoenix Cooks – September 2nd – Head on over to the Westin Kierland resort for this fun day of food and drink. Sample tastes from over thirty local restaurants and listen to many local radio personalities as they entertain you throughout the day. Proceeds benefit the Special Olympics.
Winemaker Luncheon at FnB – September 2nd – The final winemaker luncheon event of the season wraps with Lightning Ridge winery. Come enjoy a three-course lunch as your taste Lightning Ridge wines and interact with the winemaker.
Flashlight Tours at the Desert Botanical Garden – September 2nd – The final Flashlight Tour of the season will take place on the 2nd. Come explore the desert at night and look for the nocturnal animals to appear. Don’t forget your flashlight!
Mamma Mia – September 6th – October 15th – This popular musical is back and will be performed at the Phoenix Theater in Phoenix. Enjoy many of Abba’s top hits as you follow along with this story of love and friendship.
Marvel Universe Live – Age of Heroes – September 8th -10th – Marvel fans young and old will be drawn into the battle of the Marvel Heroes battling evil forces in this exciting show at the Talking Stick Resort.
Pickin’ in the Pines – September 15th – 17th – Head on up to Flagstaff for this wonderful bluegrass and acoustic festival. In addition to live performances, there will be workshops and children’s activities. This one is one we have enjoyed several times before and is worth the trip north.
Junk in the Trunk Vintage Market – September 15th – 17th – Junk in the Trunk returns to WestWorld for another fun weekend of thrift and craft shopping.
Arizona Restaurant Week – September 15th – 24th – The Fall edition of restaurant week returns on the 15th. Restaurant week is a fantastic way to try new restaurants and/or visit your favorites while enjoying a great food at great prices. Visit the link to see which restaurants are participating.
The Rennard Strickland Collection of Western Film History – September 24th – Fans of Western films will not want to miss this collection and exhibition coming to Western Spirit: Scottsdale’s Museum of the West. The kickoff celebration is on September 24th and a RSVP is required.

As always, please feel free to add any other September 2017 events in Scottsdale in the comments section!

Quick Video Update of the Scottsdale Real Estate Market – July 2017

August 19, 2017 By Heather Tawes Nelson

– July 2017 Scottsdale Housing Market Video –

July 2017 – Video

Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of July.

Scottsdale Active Listings

This first image is showing the number of homes for sale in July 2017 in comparison to July 2016.

Inventory was down 15%.

This is the same information on active listings, but is now looking at June 2017 compared to July 2017.

We saw a 10% decrease in the number of homes for sale month-over-month.

Median List Price for Scottsdale Homes

This next image shows you the median list price of homes for sale in July. The median price measures the midpoint of home prices, so exactly half fall above and the other half fall below.

July’s median list price was $815,000. This is up quite a lot from July 2017’s $752,000.

Days on Market

Days on Market (DOM) is a measurement for how fast homes are selling in a market. A low DOM indicates a more vibrant real estate market, whereas a high DOM means it is taking homes longer to sell.

July’s DOM came in at 108, which is the same it was in June.

Median Sales Price for Scottsdale Homes

Before, we looked at the median list price. Here we are looking at the median sales price.

Scottsdale’s median home sales price came in at just under $530,000 in July. This is below June 2017, but above July 2016.

Number of Homes Sold

This final section looks at the homes that have sold.

The image to the left is home sales compared to the same time during the previous year.

There was a 10% increase in home sales in Scottsdale between July 2017 and July 2016.

This is the same information, but using a month-over-month perspective.

Sales fell 22% between June and July. This is something our market does see seasonally.

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

Click to watch other videos on our Live Better in Scottsdale YouTube Channel

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

Scottsdale AZ Luxury Home Market – July 2017

August 15, 2017 By Heather Tawes Nelson

– Scottsdale AZ Luxury Home Market Performance for July 2017 –

Here is an overview of the luxury home market in Scottsdale. All of these homes have list prices in excess of $1 million. The report covers the past twelve months of sales activity and is split into four price bands for additional detail.

In each of the price bands, you will find the following information:

Active – How many homes were on the market the end of the month.
UCB (Under Contract Accepting Backup Offers) – The number of homes that were under contract, but accepting backup offers at the end of the month.
Pending – How many pending sales there were at the end of the month.
Sold – The number of homes that sold that month.

– JULY 2017 –

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

– Active Scottsdale Homes on the Market: The number of homes for sale fell 11.8% from the end of June. This dropoff is seasonal in nature.
– UCB Scottsdale Home Sales: UCB homes rebounded to 27 by the end of the month, on par with the 7 month average.
– Pending Scottsdale Home Sales: Pending sales dropped to 25 after several strong months. However, this is still a solid figure for this time of year.
– Scottsdale Homes Sold: Home sales came in at 33, on par with the 12 month average.
– Sales Price to Listed Price: 92.3% – On average, buyers saw a discount off of list price of 7.7%.

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

– Active Scottsdale Homes on the Market: The number of homes for sale in this price point dropped to 162, which is close to what this figure was at the same time last year.
– UCB Scottsdale Home Sales: UCB homes dropped to 9. This is under the 7 month average.
– Pending Scottsdale Home Sales: Pending sales fell to 7, the second lowest we have seen in the past twelve months.
– Scottsdale Homes Sold: Nineteen homes sold in July. This was another excellent sales month and it came in well ahead of the 12 month average of 13.
– Sales Price to Listed Price: 95.4% – On average, buyers saw a discount off of list price of 4.6%.

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

– Active Scottsdale Homes on the Market: Homes for sale in this price band fell to 137, 9.3% lower than the end of June.
– UCB Scottsdale Home Sales: UCB sales stayed at 8 for the third month in a row.
– Pending Scottsdale Home Sales: Pending sales were down by one to eight. This is ahead of the twelve month average.
– Scottsdale Homes Sold: Six homes sold in July, a decent performance.
– Sales Price to Listed Price: 93.3% – On average, buyers saw a discount off of list price of 6.7%

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory finished the month at 100, the lowest we have seen in the past 12 months.
– UCB Scottsdale Home Sales: There were one two homes in UCB status at the end of July.
– Pending Scottsdale Home Sales: Six homes were pending, which is excellent. This is the third highest we have seen this figure in the past year.
– Scottsdale Homes Sold: Only a single home sold for over $3 million. However, there is strong pending inventory, so this should come back up in August.
– Sales Price to Listed Price: 94.9% – On average, buyers saw a discount off of list price of 5.1%.

Scottsdale’s luxury home market performance was mixed in July. We saw the seasonal decreases in inventory and activity. However, there are some promising pending figures in some of the price bands.

If you would like additional detail on home sales activity, please visit our 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 were pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2017 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 expressed or implied.
Copyright © 2017 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – July 2017

August 10, 2017 By Heather Tawes Nelson

– Luxury Condo Sales in Scottsdale and Phoenix – July 2017 –

July was a quieter month for Scottsdale and Phoenix’s luxury condo market.

In this report, I cover the sales activity of condos with list prices of $1,000,000 and above.

ACTIVE LISTINGS AT THE END OF JULY

Inventory fell by two units to 43 at the end of the month. More than half of the condos (25) were located in Scottsdale and the balance of 18 were in Phoenix.

The most expensive unit for sale was a carryover from May. It was at the Plaza Lofts at Kierland and had over 4,000 square feet. The asking price was $3,750,000.

The lowest priced luxury condo for sale was located in the Fairway Lodge community in the Biltmore. This unit had two bedrooms, two and one-half bathrooms and 2,704 square feet. Its asking price was $1,049,000.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of July, there were three units in UCB status.

One of them was located in Main Street Place, a new community under construction. This unit, a carryover from previous months, had 3,563 square feet and was on the market for $1,975,000.
The second was located in the Landmark community in Kierland. This was a three bedroom and bathroom home with 2,690 square feet. It was listed for $1,395,000.
The final UCB was a three bedroom, three and one-half bathroom unit with 3,950 square feet in the Two Biltmore Estates community in Phoenix. It was listed for $2,248,000.

*UCB status means a condo has an accepted contract, but that the seller has requested that they accept backup offers. Most times you will see this status when the contract is in the inspection/due diligence period.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were an impressive eight condos in pending status at the end of the month.

The single pending sale in Phoenix was in Two Biltmore Estates. It was a 3,332 square foot home with three beds and three and one-half baths. The asking price was $1,948,000.
Four of the eight pendings were located in Main Street Place. Since Main Street Place is being built out, they should remain in this status for the time being. Square footage for these condos was between 2,161 and 2,520. They were priced at $1,150,000 (4th floor), $1,165,000 (3rd floor), $1,300,000 (2nd floor) and $1,975,000 (4th floor).
There was a single pending sale at Optima Kierland, a new luxury development. This was a two bedroom, two and one-half bathroom condo with 2,283 square feet. It was on the market for $1,653,000.
The new community Enclave at Borgata had one pending as well. This was a three bedroom, three and one-half bathroom home with 2,765 square feet. It was listed for $1,820,572.
The final pending sale was a carryover. This condo was located the Landmark community. Listed at $1,479,000, it had 3,082 square feet, three bedrooms and two and one-half bathrooms.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There was a single luxury condo sale in July and it was in the Enclave at the Borgata. The home had 3,014 square feet, three bedrooms and three and one-half bathrooms. It had been listed for $1,600,000 and sold for $1,612,000 with owner upgrades.

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 were pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2017 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 may 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 © 2017 Heather Tawes Nelson | Joyce Tawes

Top 12 Apps for Homeowners and Renters

August 7, 2017 By Heather Tawes Nelson

– The Top 12 Apps for Homeowners and Renters –

More than 77 percent of people own a smartphone.¹ The average person checks their smartphone 46 times a day, with people under the age of 24 checking it an average of 74 times a day.¹ We check it while we’re waiting in line and during our leisure time, whether we’re scrolling through social media, reading emails or getting up-to-dateon the latest news.

However, smartphones are not only a useful tool for communication. With the following apps, you can get organized (whether you plan to buy or sell or rent), save money, learn about the homes in your neighborhood and/or get inspired for your next renovation project.

If you’re like 81 percent of people, you have your smartphone with you during most of your waking hours; let it help you stay organized and make your life easier.³

Apps For Homeowners: Get Renovation Inspiration

These apps not only offer ideas for your next remodel or home décor project, some of them even give you a preview of what your home may look like once it’s finished.

1) Houzz (Free)

The Houzz app is the number one app for home design and it’s no wonder; the app gives you access to all the inspiration, blogs and design ideas from the Houzz site on your phone or tablet. The app features View in My Room 3D, which allows you to view products in your home before you buy. Just take a photo of the space and a 3D version of the product will appear. Browse products, save photos of designs you’d like to view later and connect with local professionals in your area. Whether you’re gathering ideas for your next renovation and décor project or you’re just browsing, the Houzz app will satisfy all your design needs. (Android, iOS)

2) iHandy Carpenter ($1.99)

Make sure the photos, shelves, mirrors and other artwork you hang are even and aligned with this helpful app. It’s an all-in-one tool kit that features a plumb bob, surface level, bubble level bar, ruler and protractor. No need to purchase these tools separately; just hold your smartphone up to the wall and the app will take care of the rest. (iOS, Android)

3) Color911 ($3.99)

If you’re thinking of changing the color scheme of your home or want to find the right shades for lamp shades, rugs or throw pillows to match your vintage sofa, the Color911 app provides pre-selected color palettes to match any color scheme. Take a photo of the room or the furniture and the app will create a custom palette full of complementary colors. Write notes about your palette and organize it all into folders to share with family, friends or your design professional. (iOS)

Bonus Apps for Homeowners:

AroundMe (Free)

Hungry and looking for a local hotspot? Meeting friends at a coffee shop nearby? Or just need to find the closest ATM? AroundMe allows you to search for the nearest restaurants, banks, gas stations, book a hotel or find a movie schedule close to where you live. Open the app and start learning more about your neighborhood. (iOS, Android, Windows)

BrightNest (Free)

From keeping things clean to making them colorful, Brightnest, developed by Angie’s List, is loaded with suggestions on how to make your home a better place to live. With categories of customized tips (money-saving, cleaning, eco-friendly, healthy, cooking, and creative) there are plenty of great ways to pull inspiration from the app. BrightNest will help you tackle important home tasks with easy-to-follow instructions, a personal schedule and helpful reminders. (iOS, Android, Web)

Apps For Sellers: List & Sell Your Home Quickly

Are you a homeowner who is thinking of selling? If you’re preparing to sell, you know there are a lot of tasks to complete before putting your home on the market. These apps help you manage your to-dos so you can list and sell your home more efficiently with fewer distractions.

4) Homesnap (Free)

Using the Homesnap app, you can snap a photo of any home, nationwide, to learn more about it. When you’re ready to sell, snap a few of the homes in your neighborhood to find out their valuation. This app isn’t perfect, which is why you should always consult with a local real estate agent. However, it can give you a general idea of the value of your home compared to others in the neighborhood. (iOS and Android devices)

5) Docusign (Free)

Use the DocuSign app to complete approvals and agreements in hours—not days—from anywhere and on any device. Quickly and securely access and sign any documents. The benefit to using the app (over your desktop computer) is you will receive push notifications when a document is waiting for your signature and you can view and organize all your docs on-the-go. Using the easily downloadable app, receive and sign documents for free. You can receive and sign documents for free, but will need a paid account to send documents; pricing starts at $10 a month. (iOS, Android, Windows, Web).

6) Wunderlist (Free)

Designed for use on the Web and mobile devices, Wunderlist is a well-designed to-do list and task management program that makes it easy to create a list and add tasks, due dates and reminders. Organize your ideas into separate lists or create tasks within one list. You can also email them to whomever you collaborate with, such as a spouse or your real estate agent. (Android, iOS, Windows Phone, Web)

Bonus App for Sellers:

Real Estate Dictionary (Free)

Not sure what all those industry specific terms mean? Search thousands of words and phrases from real estate, mortgage, and financial dictionaries for clear, in-depth definitions. This is a handy app for anyone who’s buying or selling and wants to learn more about the process. (iOS, Android)

Apps for Buyers: Find the Perfect Home

When you’re ready to buy, there are several apps that can help you stay on top of the process. Whether you’re browsing online at different neighborhoods and homes and can’t seem to remember where all your saved data and information went or you want to save an important task or a neighborhood or listing clipped from the Web, these apps help you keep it all straight.

7) Dwellr (Free)

Dwellr is run by the U.S Census Bureau and provides demographic information about the neighborhoods you are considering moving to. You get a variety of education/school, real estate, transportation, and population statistics to give you an idea of what it would be like living there. If you want to get the feel of a potential neighborhood, then Dwellr may just be the app to help you find the best home. (iOS, Android)

8) Evernote (Free for the Basic version, $34.99 per year for Plus and $69.99 per year for Premium)

Collect ideas, notes and images in one place to access later on your computer, tablet or smartphone. Categorize your notes so you can find them quickly and easily and share them with others in a group notebook. Add the Web Clipper feature to your browser and clip and save articles, blogs and images from the Web. Whether you’re collecting research on a business idea or you’re looking for inspiration for a home renovation, Evernote can help you keep it all together. (Web, iOS, Android)

9) Mortgage Calculator (Free)

There are a lot of free mortgage calculators available for download that will help you quickly determine what your monthly payment will be while you’re house hunting. We recommend picking your favorite and using it to help you shop in your price range. These numbers should be used as a guide, work with your agent and mortgage professional to learn exactly what type of loan you’ll qualify for. (Web, iOS, Android)

Bonus App for Buyers:

Google Maps (Free)

Google Maps is a must-have for anyone who’s house hunting. When you’re ready to visit a property or check out a neighborhood, you can use Google Maps to give you turn by turn directions to the house. You can use their satellite view to get a good idea how far important things like schools, parks, shopping, bus stops, and restaurants are to a home you are interested in and check out the other houses on the street. (Web, Android, iOS,)

Apps For Renters: Get Ready to Buy

Not ready to buy a home just yet? These apps will help you get into the perfect rental while you save money, build a budget and get on track for homeownership.

10) Mint (Free)

Do you know where your money goes each month? Manage your bills, budget and credit score all in one place. Mint is a free app that helps you view your complete financial picture and track your spending. We recommend this app to anyone, but it’s especially useful for renters who are saving for a down payment. Use Mint to look for areas where you can cut spending in order to save a little extra each month. (iOS, Android)

11) Acorns ($1 a month to start)

Acorns is modernizing the practice of saving loose change with their automated savings tool. The app rounds up your purchases on linked credit or debit cards, then sweeps the change into a computer-managed investment portfolio. Acorns is free for four years for college students and everyone else pays $1 a month until their account balance hits $5,000, then it is 0.25% of their account balance per year. This is a useful tool for those who have a hard time saving. (iOS, Android)

12) Neighborhoods & Apartments

Built for the on-the-go apartment hunter, this app from Walk Score takes the hassle out of finding your next home or apartment and helps you live near the people and places you love. They collect listings from top rental listing sites and we like them because they share how walkable each address is, determined by access to public transit, things to do, bike trails, shorter commutes, etc. (iOS, Android)

Bonus Apps for Renters:

Wally (Free)

Wally is a personal finance app that helps you compare your income to expenses, so you can understand where your money goes each month, and set and achieve goals. Wally lets you keep track of the details as you spend money: where, when, what, why, & how much. We love how simple it is to set a personalized savings target and scan receipts. (iOS, Android)

Credit Karma (Free)
If you’re preparing to buy, boosting your credit score is likely a goal you’ve set. Credit Karma is a free app that allows you to safely monitor your score and receive updates on ways you can improve it over time. They provide financial calculators and educational articles to help you better understand what credit is all about. Check as often as you want, and it doesn’t hurt your score. (iOS, Android, Web)

Ready to move beyond the app?

If you’re thinking of buying or selling your home, or know someone who is, keep us in mind because we’re happy to help! Contact Us

Source: 1. Pew Research Center, January 12, 2017 https://www.pewresearch.org/fact-tank/2017/01/12/evolution-of-technology/

Deloitte, 2016 global mobile consumer survey: US edition https://www2.deloitte.com/us/en/pages/technology-media-and-telecommunications/articles/global-mobile-consumer-survey-us-edition.html
Gallup, July 9, 2015 https://www.gallup.com/poll/184046/smartphone-owners-check-phone-least-hourly.aspx

Photos by nina.jsc,

Photo by nina.jsc

Scottsdale AZ Single Family Home Sales – July 2017

August 5, 2017 By Heather Tawes Nelson

– July 2017 Scottsdale Homes for Sale and Home Sales –

As July wrapped up, we saw the anticipated decrease in sales activity in Scottsdale that should continue for the next several months.

SCOTTSDALE HOME SALES ACTIVITY – JULY 2017

Below is a chart that covers the past twelve months of real estate activity in Scottsdale. We are tracking four different items:

– Single-family homes for sale are shown with the red line.*
– Under contract, but accepting backup offers (UCB) are shown with the green line.*
– Pending home sales are shown with the purple line.*
– Home Sales are shown with the blue line.

JULY 2017 RESULTS

Scottsdale Homes for Sale: The number of homes on the market dropped by 8% to 1,479. This is the lowest they have been in the past 12 months.
UCB (Under contract, accepting backup offers): UCB homes were up one to 208. This is lower than what we saw in the high season, but still a solid performance.
Pending Homes Sales in Scottsdale: Pending home sales fell to 271, about where we saw them last year at this time.
Scottsdale Home Sales: There were 413 homes sold in July. This comes in just under the 12 month average of 435 sales.

In this next section, we have two more sets of data related to the Scottsdale real estate market.

The Percent Change chart compares month-over-month performance for each of the four sales statuses we are tracking. So, looking at Homes Sold, you can see July came in 22.5% lower than June.

The Sales Price to List Price section is just that – what homes sold for in relation to what the were being listed for. In July, we came it at 96.2%, so on average, buyers received a 3.8% discount off of list price.

July was what we anticipated, a slower sales month. However, it still posted decent numbers. Looking at pendings and UCB’s we should have a similar, but slightly slower month in August.

*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.

Search Scottsdale AZ Homes for Sale

Here is a sampling of some of the homes on the market, or click the link above to see all of the homes for sale.

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2017. Information deemed reliable, but not guaranteed. There may be new home 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 © 2017 Heather Tawes Nelson | Joyce Tawes