As we start a new year, I wanted to take a look back to see how the luxury condo market in Greater Phoenix performed in 2008. For this analysis, I looked at resale condominiums where the listed price was over $1,000,000. Active Listings at the End of 2008 As of January 1, 2009, there were 98 luxury […]
Scottsdale Real Estate Market
Scottsdale Real Estate Market – 2008 Performance
Here is a snapshot of Scottsdale’s 2008 performance for single-family resale homes. I have included total sales for 2008 as well as sales activity by price band. Overall, sales were off by 13% over 2007, which is not surprising given the economic challenges this market has been facing. The hardest hit price segments in 2008 were […]
Scottsdale Luxury Home Market – December 2008
Here are the December 2008 figures for the Scottsdale luxury home market. This analysis looks at single-family resale homes in Scottsdale priced $1,000,000 and above over the last twelve months. – DECEMBER 2008 – Homes Priced Between $1,000,000 – $1,499,999 – Actives: There were 518 active homes for sale, which is the lowest this […]
Scottsdale Single-Family Home Resale Market – December 2008
December 2008 was an interesting month for the Scottsdale real estate market. Sales numbers were back up as a whole, particularly in the lower-priced segments. Inventory was down significantly, due to increased sales activity as well as a very large jump in the number of expired listings. December Highlights: – The number of […]
Scottsdale Luxury Home Real Estate Market Update – November 2008
Here is November 2008’s update on the Scottsdale luxury home market. This analysis looks at single-family resale homes in Scottsdale. – NOVEMBER 2008 – Homes Priced Between $1,000,000 – $1,499,999 – Actives: There were 549 active homes for sale. This number has been increasing for the last few months, but is still less than the 12 […]
Scottsdale Single-Family Home Resale Market – November 2008
November was another challenging month for Scottsdale home sales. The number of homes for sale increased for the second month in a row and sales were down significantly. The good news is that pending sales were up over the prior month. November Highlights: Active Homes for Sale – The number of homes for sale went […]
Desert Highlands, Scottsdale AZ – 2008 Performance
Desert Highlands is a private, gated luxury golf community located in North Scottsdale, Arizona. Spread out over 850 acres, there are 560 homesites available. Originally developed by Lyle Anderson, Desert Highlands features an 18-hole Jack Nicklaus course and an elegant clubhouse. There is also a tennis facility, fitness center and spa and plenty of walking trails […]
Scottsdale Luxury Home Market Performance – October 2008
– OCTOBER 2008 – Homes Priced Between $1,000,000 – $1,499,999 – Active Homes for Sale: The number of active homes in this price point in October dropped slightly to 543, a 0.9% decrease over September. The average number of homes on the market in this price range over the last 12 months is 642. – Pending Sales: There was another […]
