– 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 […]
Scottsdale Real Estate Market
Scottsdale Single-Family Home Resale Market – October 2008
The numbers for October 2008 are in and it was another disappointment for the Scottsdale real estate market. We have been seeing home sales and pending home sales trending down for a few months and now we are seeing the number of homes for sale inch up after several months of promising declines. Trend Analysis – […]
Home Values in the Phoenix Valley – A Useful Interactive Tool
AZCentral.com updated its “Median Home Prices for Valley ZIP Codes” tool with data through September 2008. This tool is a great resource that allows you to look at performance by zip code over the last five years. It allows you to search by “new homes”, “resale homes” and “all homes”. Not only will you see median home […]
Scottsdale Golf Communities- Market Snapshot – October 2008
One of the main areas I focus on is Scottsdale Golf Communities. I typically look at individual community performance, but wanted to look at a side-by-side comparison of the communities I serve. Looking at the chart below, you can see the prices between each of the communities as well as within each the individual communities vary greatly. This list includes communities that […]
Greater Phoenix Luxury Condo Market – September 2008
September was a challenging month for the Greater Phoenix luxury condo market, which is defined as condos for sale for more than $1 million. Activity tapered off, resulting in zero sales for the month. As of the end of September, there were 102 luxury condos for sale throughout the valley. Forty-seven luxury condos were for […]
Scottsdale Luxury Home Market Performance – September 2008
– SEPTEMBER 2008 – Homes Priced Between $1,000,000 – $1,499,999 – Actives: In September, the number of active homes in this price point was up 3.2% to 548. This number has been declining month-over-month since March. We are still well below the average of the last 12 months of 597. – Pendings: There were 24 […]
Scottsdale Single-Family Home Market Performance – September 2008
September 2008’s numbers for the Scottsdale single-family resale market are in. September was another month where we saw a decline in sales and pending sales, but inventory is still not increasing, which is a positive. September Highlights: The number of active homes for sale was flat from August at 3,839, which is still lower than […]
The Luxury Loft Market in Greater Phoenix – 2008 Performance
While loft living has been a tradition in many metropolitan areas for years, we are starting to see a lot of recent growth in the Greater Phoenix area. I define luxury lofts as those for sale for more than $1 million. There are several luxury loft projects sprinkled throughout the area, including downtown Phoenix, downtown Scottsdale […]
