Scottsdale AZ Real Estate & Lifestyle

Live Better in Scottsdale - eXp Realty

Blog

Phoenix and Scottsdale AZ Luxury Condo Sales – April 2017

By

Luxury Condo Sales in Scottsdale and Phoenix – April 2017 –

April was another solid month for the Scottsdale and Phoenix luxury condo market.

ACTIVE LISTINGS AT THE END OF APRIL

Inventory dropped by seven to 52. Scottsdale had 36 luxury condos for sale at the end of the month and Phoenix dropped from 22 to 16 luxury condos for sale.

The most expensive unit on the market has held the title for several months now. Priced at $4,599,00 this penthouse at the Scottsdale Waterfront Residences comes in at 4,818 square feet.

On the other end of the spectrum, the lowest priced luxury condo for sale was located in downtown Scottsdale’s Optima Camelview Village. It has 2,121 square feet and was listed for $1,025,000.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Similarly to the end of March, there were two luxury condos were in UCB status and both were located in Scottsdale.

The first is a carryover as the community is still being built out. The Main Street Place unit has 3,563 square feet and was on the market for $1,975,000.

The second UCB is located in the Kierland Plaza Lofts community. This two bedroom with 1,663 square feet had been listed for $1,049,000.

*UCB status means a condo has an accepted contract, but 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

And just as we saw in March, there were nine pending sales in the pipeline when April concluded. Many of these condos are located in developments that are under construction, so they will stay showing pending for many months. Five of the pending sales were located in Scottsdale and the other four were in Phoenix.

Scottsdale Pending Sales

  • As we have seen for a few months, three of Scottsdale’s five pending sales were in Main Street Place. Square footage for these condos ranges between 2,161 and 2,346. They were priced at $1,150,000 (4th floor),  $1,165,000 (3rd floor) and $1,975,000 (4th floor).
  • Optima Camelview had two pending sales at the end of the month. The first was a four bedroom, three and one-half bathroom unit with 3,680 square feet. It was priced at $1,115,000. The other was a two bedroom, two and one-half bathroom unit with 3,197 square feet. It had been priced at $1,497,000.

Phoenix Pending Sales

  • Two Biltmore Estates continued to have two pending sales. They were a three bedroom and a four bedroom and were 3,950 square feet. They were listed for $2,148,000 and $2,588,000.
  • Portland on the Park – This is also a  long-term pending sale. It was listed for $1,031,500 and has 2,105 square feet.
  • The Residences at 2211 Camelback – This is a new pending sale. It was a three bedroom, three and one-half bathroom, 4,000 square foot home. It had been on the market for $1,750,000.

 

LUXURY CONDO SALES FOR APRIL 2017

A total of five luxury condos sold in April.

Scottsdale Luxury Condo Sales

All three of Scottsdale’s sales took place in the Scottsdale Waterfront Residences development.

  • One was a 2,503 square foot unit that had been priced at $1,595,000. It sold for $1,500,000.
  • The second was a 2,050 square foot unit that had been priced at $1,495,000. It sold for $1,450,000.
  • The final sale was a 2,265  square foot unit that had been priced at $1,595,000. It sold for #1,500,000.

Phoenix Luxury Condo Sales

  • 8 Biltmore Fairway Lodge had a sale with a 2,329 square foot condo priced at $1,149,000. It ended up closing for $1,070,000.
  • Two Biltmore Estates had the other Phoenix sale. This one was a 3,000 square foot unit that had been on the market for $1,798,000 and it sold for $1,700,000.

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 5/1/2017 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

Where to Eat in Scottsdale: Poke Spot

By

– Poke Spot in North Scottsdale –

Poke has quickly become a food phenomenon in Scottsdale and around the Valley. Hailing originally from Hawaii, this dish traditionally features cubed marinated raw tuna or octopus and is served over rice with several toppings, like sesame seeds, soy sauce, onions, wasabi and more.

In the Valley, new poke places keep opening to rave reviews. Last week, I finally got the chance to stop into Poke Spot and try out this tasty meal for myself.

Poke Spot is located in the Grayhawk Shopping Plaza on the Grayhawk Drive side, next to the former Cold Beers and Cheeseburgers, now Parma. It is an open, modern and airy space and the folks who work there are very friendly and helpful.

Diners have several choices of what direction they want to go with their poke creations as there are many choices for the bases, the “scoops,” the sauces and the toppings. When you order, you walk down the assembly line making your selections.

For the base of your poke bowl, you can choose white or brown rice, mixed greens, soba noodles (additional) or you can do a half-and-half combo, like rice and salad.

The scoops are where you add the poke or your choice of protein. Most people choose the Primo (two scoop) option and there is also the Big Kahuna that comes with three scoops. You can choose from tuna, salmon, scallops, spicy tuna, tofu, shrimp or octopus (tako.) I selected the spicy tuna and the salmon. The server then took the salmon and asked if he could add some sauce to it and walked me through the options. I chose the traditional house poke sauce and he customized the level of heat for me. My companion had the shrimp and the sesame ginger tofu. For the shrimp, he went through the same process for a sauce and she selected the creamy spicy, (which was delicious!)

There are quite a few sauces to choose from, including the house regular and house spicy, creamy spicy, sesame miso onion as well as a few others.

The final step was to choose the toppings. Again, there were a lot to choose from furikake (made from dried fish, seaweed, salt, sesame and other items), ginger, edamame, seaweed salad (additional), jalapenos, cucumbers, sprouts and much more.

From there, your poke creation is complete. For drinks, Poke Spot has a good selection of Hawaiian beverages like Aloha Maid and Wailua Hawaiian Soda. They also have a soda fountain and bottled water.

We really enjoyed our meals. They were fresh and healthy, but filling. Poke Spot is going to be my go-to spot for poke going forward.

MORE INFORMATION:
Poke Spot
20831 N Scottsdale Rd., Suite 115
Scottsdale, Arizona, AZ 85255
(480) 907-7053
Facebook Page
– Open Monday – Saturday 11AM – 9PM

 

Disclaimer: Information deemed reliable, but not guaranteed.

Scottsdale AZ Single Family Home Sales – April 2017

By

– April 2017 Scottsdale Homes for Sale and Home Sales –

April was another great month for Scottsdale home sales. It was a slightly slower than March, but put in a great showing.

SCOTTSDALE HOME SALES ACTIVITY – APRIL 2017

Below is an image that charts the las twelve months of home sales activity in Scottsdale.

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

APRIL 2017 RESULTS

  • Scottsdale Homes for Sale: After two strong sales months and the slowing down of the high season, inventory fell 4.3% to 2,300 at the end of the month.
  • UCB (Under contract, accepting backup offers): This newly included category, for homes under contract but looking for backup offers, was up slightly at the end of April to 354.
  • Pending Homes Sales in Scottsdale: After a large jump in pending sales between February and March, we ended April up slightly higher than March at 364.
  • Scottsdale Home Sales: April was another very strong sales month for Scottsdale. There were 480 sales, about what we saw this time last year.

 

This next section has two more metrics related to the Scottsdale housing market.

The first metric looks at each category’s performance on a month-over-month basis. So, looking at the sold data, you can see sales were down 7.2% between March and April after a 40%+ increase between February and March.

The next metric looks at home pricing in Scottsdale and how much homes are being sold for relative to the price they were on the market for. In April, homes in Scottsdale on average sold for 95.7% of their asking prices. And if you are looking at it from a buyer’s perspective, buyers saw a 4.3% average discount off of asking prices in April.

I anticipate May to be another good month for the Scottsdale real estate market based on pending numbers and seasonality.

*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 5/1/2017. 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

Terravita Real Estate Update 2016 and Q1 2017

By

– Terravita in Scottsdale – 2016 and Q1 2017 Real Estate Market Update –

Terravita is a wonderful golf community located in North Scottsdale, adjacent to Carefree and Cave Creek. The 18-hole course was designed by Billy Casper and Greg Nash.

The community itself is guard-gated and is divided into a number of neighborhoods that dot the course and the desert landscape. There are many home choices ranging from smaller “lock and leave” homes perfect for seasonal visitors to larger homes with 4,000+ square feet.

Terravita has a wonderful clubhouse as well as a large fitness center, tennis complex and multiple pools. There are also many trails throughout the property which are perfect for outdoor enthusiasts who like to walk or run.

HOMES FOR SALE AND PENDING SALES IN TERRAVITA AS OF 4/24/2017

As of late April, there were 51 homes for sale within Terravita. They ranged in price from $375,000 for a 1,385 square foot home to $1,299,000 for a 4,131 square foot home.

Six homes were in UCB status (accepted contract, but looking for backup offers.) They ranged in price from $410,000 to $995,000.

Finally, there were five pending sales. These ranged in price from $425,000 to $647,000.

2016 AND Q1 2017 HOME SALES IN TERRAVITA

Sales in Terravita were off to a decent start in 2017. Fifteen homes sold, down from eighteen home sales in Q1 2016.

Looking at 2016, more than half of the home sales occurred in Q2 and Q3. Typically, we see a spike in Q2 in Scottsdale. Here, we did see a strong Q2 that carried into a strong Q3. The average price per square foot increased each quarter starting in Q2.

It will be interesting to see if sales in 2017 catch up to 2016 levels in the coming months.

SEARCH TERRAVITA HOMES FOR SALE

Disclaimer:  Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 4/24/2107 and can change at any time. The analysis looks at residential single family home sales activity in Terravita in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2017  Heather Tawes Nelson & Joyce Tawes

Things to Do in Scottsdale – Early May 2017

By

As we head into May, Scottsdale and the Valley have lots of exciting and fun events coming up. Here are some of them coming up during the first part of May.

As always, this is just a small list of things going on. If you would like to add any other events, please feel free to do so in the comments.

 

Disclaimer: Information deemed reliable, but not guaranteed. Events, dates and times subject to change.

Scottsdale AZ Luxury Home Market – March 2017

By

– Scottsdale AZ Luxury Home Market Performance for March 2017 –

This report takes a look at how the luxury market for homes in Scottsdale is performing. March was a very strong month for activity, which bodes well for April as well.

Below, you will find sales activity for the previous twelve months of homes listed for $1 million or more. Rather than lump all of the homes into a single report, I have broken the information into four price ranges.

Each price range includes the following information:

Active – How many homes were for sale at the end of the month.
UCB (Under Contract Accepting Backup Offers) – This is a newer metric that I am tracking. In this case, the homes are under contract, but the sellers want to continue to accept backup offers in case the deal falls through. In that case, the home is placed into UCB status. This number shows how many homes were in UCB status at the end of the month.
Pending  – How many sales were pending at the end of the month.
Sold – The number of homes that sold over the course of the month.


– MARCH 2017 –

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

– Active Scottsdale Homes on the Market: Inventory was down slightly at the end of March to 379.
– UCB Scottsdale Home Sales: UCB homes have been steady over the past three months, with an average of 25.
– Pending Scottsdale Home Sales: Sales saw a very healthy jump to 35, this is almost ten sales over the 12 month average.
– Scottsdale Homes Sold:  Thirty-two homes sold in March. This is a solid number and it should increase in April.
– Sales Price to Listed Price: 93.6% – On average, buyers saw a discount off of list price of 6.4%.

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

– Active Scottsdale Homes on the Market: Inventory edged up to 240 by the end of the month, well ahead of the 12 month average of 202.
– UCB Scottsdale Home Sales: UCBs have been increasing each month as we continue with the high season.
– Pending Scottsdale Home Sales: Pending home sales increased by one to end the month at twelve.
– Scottsdale Homes Sold: An impressive 18 homes sold in March. This is the highest we have seen since April of 2016.
– Sales Price to Listed Price: 94.61% – On average, buyers saw a discount off of list price of 5.4%.

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

– Active Scottsdale Homes on the Market: Inventory in this price range went above 200 for the first time in the past twelve months.
– UCB Scottsdale Home Sales: We asw a big dip in UCB homes in March.
– Pending Scottsdale Home Sales: Pending sales dropped slightly to nine, which is on par with the 12 month average.
– Scottsdale Homes Sold: Eleven homes sold in March, which was down from February, but still ahead of the 12 month average.
– Sales Price to Listed Price: 93.1% – On average, buyers saw a discount off of list price of 6.9%

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: The number of homes for sale fell to 158 after seeing a run up over the past two months.
– UCB Scottsdale Home Sales: UCBs in this price point jumped to 10, more than triple of February.
– Pending Scottsdale Home Sales:  Pending sales were level at four.
– Scottsdale Homes Sold:  Sales were up slightly by one to seven, almost double the 12 month average.
– Sales Price to Listed Price: 94.2% – On average, buyers saw a discount off of list price of 5.8%.

March was a great sales month for the Scottsdale luxury home market. The $2-$3 million price point did not perform as well as the other price segments, so we will keep an eye on this as we head into April. Otherwise, pending sales and UCBs point to another strong sales month next month.

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 4/1/2017 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

Desert Mountain Real Estate Update Through Q1 2017

By

– Desert Mountain Real Estate Activity – 2016 and Q1 2017 –

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. On the smaller end, there are two and three bedroom casitas, which are perfect for seasonal homeowners as “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. I will start with the homes currently on the market as well as the homes that are under contract. Then, we will take a look at quarterly home sales results for 2016 and Q1 of 2017.

ACTIVE AND PENDING SALES IN DESERT MOUNTAIN – AS OF APRIL 17, 2017

Here is an overview of the the homes for sale and pending sales currently in Desert Mountain.

The least expensive home on the market is a, 1,836 square foot casita and it is listed for $565,000. The most expensive home on the market is an 11,625 square foot custom estate. Its asking price is $9,788,000.

Thirty homes are currently under contract.

DESERT MOUNTAIN HOME SALES FOR 2016 AND Q1 2017

This next set of information takes a look at quarterly sales activity in Desert Mountain.

The first quarter of 2017 was off to a good start with 31 home sales, compared to Q1 2016’s 27 home sales. Although, the average sales price of these homes was about $100K lower than this time period last year.

Taking a look at 2016’s performance,  sales saw a nice lift in Q2, which is something we typically see. The rest of the quarters had pretty level sales activity which is a positive, as we tend to see sales trail off in Q3 and Q4.

Also. the average sales price per square foot and the sales price to list price ratio remained pretty level throughout the year.

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 4/17/2017 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

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

By

– March 2017 Scottsdale Housing Market Video –

March 2017 – Video

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

 

Active Listings

 

Scottsdale Homes for Sale March 2017

This first image shows you the number of homes that were on the market at the end of the month of March for 2016 and 2017. Scottsdale’s inventory was 11% lower than the same time last year.

 

 

 

This is a similar measurement, but here is it comparing the end of March 2017 to the end of February 2017. Inventory was up 2%.

Seeing homes come onto the market during March is part of our high season annually.

 

 

 

Median List Price for Scottsdale Homes

 

This image illustrates the median list price of homes in Scottsdale for the month of March.

The median list price is a value where exactly half of the homes are listed higher and half are lower. In this case, the median list price was $875,000. This is up quite a bit from March 2017.

 

Days on Market

Days on Market (DOM) is another measurement we use and it is a guide to how hot (or not) a market it. If homes are selling quickly, the DOM will be lower. However, if the homes are selling slowly or are higher priced homes that take longer to sell, the DOM will be higher.

In March, the DOM was 99 days, up 1% from March 2016.

 

 

Median Sales Price for Scottsdale Homes

This image covers the median sales prices of homes. Similar to the median list price, here it is the middle amount for home sales prices.

March 2017’s median sales price was $527,000. This us up over the previous month at $508,000 as well as up from March 2016’s $479,000.

 

 

Number of Homes Sold

Now we will take a look at homes sold in two ways. The top image looks at Scottsdale’s March home sales year-over-year. The lower image compares March 2017’s sales with February 2017’s sales.

Scottsdale home sales in March 2017 were up 14% over the same time in 2016. This is a good news for the market.

 

 

But here is an even more impressive statistic. Home sales were up 49% between February 2017 and March 2017.

 

 

 

 

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.

Malcare WordPress Security