Scottsdale AZ Real Estate & Lifestyle

Live Better in Scottsdale - eXp Realty

Scottsdale Real Estate Market

Scottsdale AZ Luxury Home Market – November 2011

By

Here are the results for Scottsdale AZ luxury home sales in November 2011. This report is considers the luxury home market as homes for sale with asking prices in excess of $1 million. The categories in this report include Scottsdale single-family luxury homes for sale, pending home sales and luxury homes sales in Scottsdale over the previous 12 months.

– November 2011 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory was up again for the fourth month in a row to 203 homes on the market. It was only up slightly though and is still behind the 12 month average of 221.
– Pending Scottsdale Home Sales: Pending sales dropped significantly to 11. This is the lowest they have been in the last 12 months. The 12 month average is 23.
– Scottsdale Homes Sold: Eighteen homes sold in November in this price range. This is the highest it has been in the last 4 months, but is still just below the 12 month average of 20.
– Sales Price to Listed Price: 95.2% – In November, this ratio was 95.2%. This is the quite a bit higher than it has been in the last 12 months.

Scottsdale AZ Luxury Homes for Sale Between $1 and $1.5 Million


Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: The number of homes on the market in this price range in November increased to 140. This figure has been increasing for the past 5 months, but is still below the 12 month average of 145.
– Pending Scottsdale Home Sales: Pending sales were up in November  to 9. This is positive news, but it is still behind the 12 month average of 12.
– Scottsdale Homes Sold: Only 4 homes sold in November in this price point. This is the lowest it has been in the past year and is one half of the 12 month average of 8.
– Sales Price to Listed Price: 87.2% – This figure came in at 87.2%, which is pretty standard for this price range.

Scottsdale AZ Luxury Homes for Sale Between $1.5 and $2 Million

Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory was up in this category as well to 141. This is the highest it has been since April 2011. And, this number now exceeds the 12 month average of 133.
– Pending Scottsdale Home Sales: Pending sales were down by 1 after four months of the same figure. This is the lowest it has been in the last year.
– Scottsdale Homes Sold: Sales were up in November for this price point to 4. This is considerably better than October’s single sale, but it still trails the 2 month average of 6 sales.
– Sales Price to Listed Price: 86.6%  – This is pretty normal for this price range.

Scottsdale AZ Luxury Homes for Sale Between $2 and $3 Million

Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory was down to 93 at the end of November. This figure is still below the 12 month average of 100.
– Pending Scottsdale Home Sales: Pending home sales stayed the same as October at 2. This is just below the 12 month average of 3.
– Scottsdale Homes Sold: There were two home sales in excess of $3 million in November. This is just below the 12 month average of 3 sales.
– Sales Price to Listed Price: 89.7% – This is the highest this ratio has been in the last 12 months.

Scottsdale AZ Luxury Homes ffor Sale Over $3 Million

 

November 2011 was not the best for the Scottsdale AZ luxury home market. The number of homes on the market continued to creep up, but for the majority of price segments, they were still below the 12 month average. Pending sales were off significantly in the $1 to $1.5 million range. However, in the $1.5 to $2 million range, they were up a bit. Home sales in November were average. Pending sales activity would indicate that December sales will more or less be lower.

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 12/1/2011 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 implied or expressed.
Copyright © 2011 Heather Tawes Nelson

 

Scottsdale and Phoenix Luxury Condo Market – November 2011

By

Optima Camelview Luxury Condos Scottsdale AZHere are the luxury condo sales results for November 2011 for the Phoenix and Scottsdale market. This was a much better month for the luxury condo market in these two cities. I am defining the luxury condo market as condos with list prices above $1 million dollars.

Pending Luxury Condo Sales – At the end of November, there was one pending luxury condo sale. The unit is located at Optima Camelview in Scottsdale and has three bedrooms, three bathrooms and is 2,190 square feet. The asking price was $1,328,000.

November 2011 Luxury Condo Sales – After coming off of an October without any sales, it was refreshing to see two sales in November. Both sales took place in the Kierland area, which is also home to the newer Scottsdale Quarter shopping and dining venue.  The first sale was at the Kierland Lofts. This condo had two bedrooms, two and one-half bathrooms and was 2,090 square feet. It sold for list price at $1,295,000. The second sale was across the way at The Landmark Condominiums. This sale was for a three bedroom, three and one-half bathroom, 3,604 square foot unit. The sales price was $1,660,000, just off of the asking price of $1,695,000.

Phoenix Scottsdale Luxury condo sales November 2011

November 2011 was a non-eventful month for Phoenix and Scottsdale Luxury Condo sales. We do have one pending sale that ideally will close in December, getting sales activity on the books again.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2010 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 © 2011  Heather Tawes Nelson

Scottsdale AZ Single-Family Homes for Sale – November 2011

By

Here are November 2011’s results for the Scottsdale AZ real estate market. This analysis looks at single-family Scottsdale homes for sale as well as home sales in Scottsdale on a monthly basis for the past 12 months.

There are three categories of information in this report. They include Scottsdale homes currently on the market, pending home sales in Scottsdale and home sales that closed in November.

Scottsdale AZ Homes for Sale November 2011

  Scottsdale AZ Real Estate Sales November 2011

November 2011 Highlights for Scottsdale AZ Homes for Sale:

  • Active Scottsdale Homes for Sale: The number of homes on the market was up slightly by 6 homes to 1,782. This is the third month in a row inventory has increased, but it is still below the 12 month average of 2,020.
  • Pending Homes Sales in Scottsdale: Pending sales were up 8.2% over October to 449. This is below the 12 month average of 522.
  • Scottsdale Homes Sold: Sales were down in November, which was to be expected from the lower pending sales figure we saw in October. 325 homes sold in Scottsdale in November, trailing the 12 month average of 416.
  • Sales Price to List Price: 94.7% – This is the highest this has been in the last 12 months, indicating buyers are getting less of a discount off of asking price. This is also the second month in a row where this was in the 94% range.

November 2011 was an average month for Scottsdale AZ home sales. Inventory was more or less flat. Pending sales were up a little, which was nice to see as this should translate into better home sales figures for December.

 

Search Scottsdale AZ Homes for Sale

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2011 and can change at any time. The analysis looks at single-family resale homes for sale and home 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 © 2011 Heather Tawes Nelson

Desert Mountain Scottsdale AZ – 2011 Home Sales and Real Estate Update

By

Desert Mountain Golf Community Scottsdale ArizonaDesert Mountain is the farthest north golf community in Scottsdale and is bordered by national forest land and the Town of Carefree. This elevated location makes Desert Mountain a truly breathtaking place to live. Within the 8,000 acre community, you will find six Jack Nicklaus Golf Courses, six clubhouses, a large fitness and swimming center as well as a tennis complex with multiple court surfaces.

Here are some reports that look at Desert Mountain home sales in 2011 as well as homes on the market at Desert Mountain.Desert Mountain Golf Homes for Sale Scottsdale

As you can see, sales have been spread pretty equally throughout the year and average sales price has been prety steady. What is interesting to note is that average price per square foot as gone down some over the last six months in comparison to the year-t0-date figure.

About Desert Mountain in Scottsdale, Arizona:
Desert Mountain is one of the top golf communities in Scottsdale. It sits on 8,000 acres and is home to six challenging Jack Nicklaus golf courses. Six clubhouses offer an array of dining choices ranging from casual to more formal. Desert Mountain has an extensive tennis complex, a fully-outfitted fitness center and spa and lap and play pools. Take advantage of Scottsdale’s wonderful weather and experience the miles of trails that wind throughout the community. Homes range from smaller , “love and leave” cottages up to expansive estates. There are also many homesites for sale as well.

Search Desert Mountain Homes For Sale
Search Desert Mountain Homes Under $1 Million
Search Desert Mountain Homes Between $1 and $2 Million
Search Desert Mountain Homes Over $2 Million
Search Desert Mountain Short Sales
Search Desert Mountain Foreclosures

 

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/29/2011 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Desert Mountain Scottsdale AZ.
Copyright © 2011 Heather Tawes Nelson

Scottsdale AZ Luxury Home Market – October 2011

By

Here are the October 2011 results for the Scottsdale AZ luxury home market. For this report, I am considering the luxury home market as homes with list prices of $1 million or more. This analysis looks at single-family luxury homes for sale, pending home sales as well as luxury homes sales in Scottsdale over the previous 12 months and is divided into various price segments.

 – October 2011 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Home inventory in this price range was up another 6.3% over September to 201. The last time we were above 200 homes was in May of 2011. This is still below the 12 month average of 26 though.
– Pending Scottsdale Home Sales: At the end of October, there were 20 homes pending sale. This is the same as it has been the last three months. The 12 month average is 24.
– Scottsdale Homes Sold: Seventeen homes sold in October, which is the highest this figure has been since July of 2011. It is still behind the 12 month average of 20 though.
– Sales Price to Listed Price: 89.5% – This was down slightly over September, but is still in the typical range it usually is.

Scottsdale AZ Homes for Sale between $1 and $1.5 million October 2011

Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: Inventory for homes in this segment was up 9.7% over September to 136. The 12 month average is 147.
– Pending Scottsdale Home Sales: Pending sales were way down in October to 6. This is the lowest it has been in the last year and is less than half of the 12 month average.
– Scottsdale Homes Sold: There were 8 home sales in October, which is right on track with the 12 month average. I anticipate sales will drop off quite a bit in November though due to the low pending sales at the end of the month.
– Sales Price to Listed Price: 88.0% – This is a pretty typical value for this price segment.


Scottsdale AZ Homes for Sale between $1.5 and $2 million October 2011

Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory was up quite a bit (18%) over October. The last time there were this many homes on the market in this price range was April of 2011. The 12 month average is 135.
– Pending Scottsdale Home Sales: There were three pending sales at the end of the month. This is the same it has been for the two previous months as well. However, it is only half of the 12 month average of 6 pending sales.
– Scottsdale Homes Sold: Only one home sold in this price range in October. This is the lowest it has been in the previous 12 months. The 12 month average is 6 sales, so this is very far off.
– Sales Price to Listed Price:  89.4% – This is a solid figure for this price point.

Scottsdale AZ Homes for Sale between $2 and $3 million October 2011

Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: The number of homes for sale in excess of $3 million was up again in October to 95. The 12 month average is 101.
– Pending Scottsdale Home Sales: At the end of October, there were two pending sales. This is about where it has been for the last several months, but is still trailing the 12 month average of 4 pending sales.
– Scottsdale Homes Sold: We saw three home sales of homes over $3 million in October. This is the best it has been in many months and is on par with the 12 month average of 3 home sales.
– Sales Price to Listed Price: 86.6% – This is the highest this figure has been in the last 12 months.

Scottsdale AZ Homes for Sale over $3 million October 2011

In summary, the Scottsdale luxury home market had a mixed October 2011. Inventory continues to increase in all price points. As I suggested last month, this could be due to people putting their homes on the market as we enter the high season. Pending sales were decent in October, with the exception of the $1.5 million to $2 million price range. Sales were up in most cases and discounts off of asking were pretty standard or improved.

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 11/1/2011 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 implied or expressed.
Copyright © 2011 Heather Tawes Nelson

Phoenix and Scottsdale AZ Luxury Condo Sales – October 2011

By

Here are October 2011’s results for the Phoenix and Scottsdale luxury condo market. This was a slow month for luxury condo sales in the area.

For the purposes of this report, I am defining the luxury condo market as condos for sale with asking prices of $1 million and above.

Pending Luxury Condo Sales – There was a single pending sale at the end of October. It is a 3 bedroom, 3.5 bathroom unit at The Landmark in Scottsdale, adjacent to Kierland. This condo has 3,604 square feet and is a penthouse unit.

On an interesting note, there had been another pending sale for a 4,000 square foot condo at The Residences at 2211 Camelback in Phoenix. It had 3 bedrooms and 3.5 bathrooms and had been in a pending status since February of 2011. When it did not close or stay in pending status at the end of October, I took a closer look. This listing was cancelled as of 10/30/2011.

October 2011 Luxury Condo Sales – There were no luxury condo sales in Scottsdale or Phoenix in October 2011.

Scottsdale and Phoenix Luxury Condos for Sale Oct 11

October 2011 was a non-eventful month for Phoenix and Scottsdale Luxury Condo sales. We do have one pending sale that ideally will close in November, getting sales activity on the books again.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2011 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 © 2011  Heather Tawes Nelson

Scottsdale AZ Single-Family Homes for Sale – October 2011

By

Here are October 2011’s home sales results for Scottsdale Arizona. This monthly report looks at home sales activity in Scottsdale over the previous 12 months. The data is broken into monthly segments so you can compare how the real estate market is performing over time.

There are three sales categories in this report. They are as follows:

  • Scottsdale homes currently on the market
  • Pending sales of Scottsdale homes
  • Actual home sales in October

Scottsdale AZ Homes for Sale October 2011

 

Scottsdale AZ Home Sales Results October 2011

October 2011 Highlights for Scottsdale AZ Homes for Sale:

  • Active Scottsdale Homes for Sale: The number of homes on the market moved up again in October to 1,776 or an 8.3% increase over September. This is the second month in a row where inventory has increased. However, this figure is still below the 12 month average of 2,096 homes for sale.
  • Pending Homes Sales in Scottsdale:  Pending sales saw another decrease in October. At the end of the month, there were 415 pending home sales. This is well below the 12 month average of 524.
  • Scottsdale Homes Sold: 392 homes sold in October, which was an increase over September of 5.1%. This was interesting as it seemed sales would have decreased correspondingly with the decrease in pending sales the month prior. Nevertheless, we did see an increase. 392 is a little below the 12 month average of 416 sales.
  • Sales Price to List Price: 94.0% – This is the strongest we have seen this ratio in the last 12 months. On average, buyers were able to purchase homes at a 6% discount off of asking price.

October 2011 was a mixed month for Scottsdale AZ home sales. Inventory has been increasing for the last two months and in October, it jumped 8.3% over September. Pending sales were also down again, which would indicate that we may see a drop in home sales in November. On a positive note, homes sales were up slightly in October event though the lowing pending numbers would have indicated a corresponding drop in sales. It will be interesting to see if inventory continues to increase into November.

Search Scottsdale AZ Homes for Sale

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/1/2011 and can change at any time. The analysis looks at single-family resale homes for sale and home 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 © 2011 Heather Tawes Nelson

Scottsdale Zip Code 85255 Home Sales By Type Q3 2011 – Includes Foreclosures & Short Sales

By

Here are the results for Q3 2011 home sales in Scottsdale Arizona’s zip code 85255.

The  85255 zip code is located in the northern part of of Scottsdale, and starts just above the Loop 101. Many excellent private golf communities and luxury homes can be found there, including Troon Country Club, Desert Highlands, Grayhawk, DC Ranch and Silverleaf. For non-golfers, there are plenty of housing options as well, including gated and non-gated communities. You will also find the well-known landmark of Pinnacle Peak  in 85255.

The Q3 2011 single-family home sales activity in 85255 is below. The data has been broken into three categories based on sales type.

The three categories are defined as follows:
– Non-Distressed Sales -These are what you would consider”regular”, “normal” or “traditional” home sales. In this common scenario, the home seller and home buyer negotiate the sale, come to terms and work together until the sale is complete.
– Short Sales – Short sales occur when a home seller needs to sell the home “short” of what is currently owed on it. Short sales have been gaining a lot of momentum in recent years as home values have fallen. In a short sale, the lienholder (also frequently called the “lender”) has to approve the contract as they will be picking up the shortfall on what is owed.
– Foreclosures – Foreclosure homes are homes that have gone through the foreclosure process and ownership has now reverted back to the lienholder. These are also called “Lender-Owned” homes, “REO'” homes or “Bank-Owned” homes.


Overall Findings for the Scottsdale Zip Code 85255 Home Sales Market for Q3 2011 – Data as of October 1, 2011

  • Active Scottsdale 85255 Homes For Sale: Regular homes for sale accounted for the majority of the for sale inventory at the end of the third quarter. Short sales came in at 10% and foreclosures only had a small segment of the active market at 4%.
  • 85255 Pending Homes for Sale: Short sales gained a lot of ground when you look at pending sales at the end of Q3. They accounted for 30% of the market, despite being only 10% of the for sale inventory.
  • Q3 2011 Scottsdale 85255 Home Sales: Regular sales still accounted for over half, 58%, of the home sales in Q3. Foreclosures came in at 15%, despite only being 4% of the for sale market.
  • 85255 Home Prices: The average home sale price distribution is what we would expect. Regular sales had the highest average price, followed by short sales and then lender owned homes. Interestingly enough, short sales had a lower average price per square foot than foreclosures. Typically, foreclosures have the lowest average price per square foot.
  • Discounts Off of List Price: This is pretty typical. Regular sales usually sell at about an average 10% discount off of asking and short sales and foreclosures are typically 5% off of list price. 85255 in Q3 was pretty close to that.

Scottsdale AZ Zip Code 85255 Home Sales Q3 2011 Short Sales Foreclosures

 

Scottsdale Home Sales 85255 Through Q3 2011 Short Sales Foreclosures

 

If you would like to review this data for the City of Scottsdale AZ versus a single zip code, please visit these previous reports:

View Scottsdale Home Sales by Type Q2 2011
View Scottsdale Home Sales by Type Q1 2011
View Scottsdale Home Sales by Type for 2010
View Scottsdale Home Sales by Type for 2009

Disclaimer: Due to rounding issues, not all columns will add up to 100%. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2011 and can change at any time. The analysis looks at single-family resale homes for  sale and sales in Scottsdale AZ zip code 85255 for Q3 2011. 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 © 2011 Heather Tawes Nelson

Malcare WordPress Security