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 […]
Scottsdale Real Estate Market
Overview of the Greater Phoenix Luxury Condo Developments
– Luxury Condos in Scottsdale and Phoenix – A relatively recent addition to Greater Phoenix and Scottsdale has been the introduction of large luxury condo developments offering top-of-the-line amenities and a new way to enjoy desert living. The most notable developments have gone up in the new Scottsdale Waterfront area as well in the heart of the […]
Greater Phoenix Luxury Condo Market – August 2008
Here are August’s numbers for the luxury condo market in Greater Phoenix. I am defining the luxury market as condos for sale for more than $1 million. At the end of August, there were 105 luxury condos for sale throughout the valley. Fifty-three of these condos were in Scottsdale, thirty-six of them were in Phoenix, and […]
Scottsdale Single-Family Home Market Performance – August 2008
The numbers for August 2008 are in and they are not as strong as they have been in recent months. For several months, we had positive sales momentum, but that seems to be tapering off. Trend Analysis – Scottsdale Resale Single-Family Homes. All Price Points. 2007 2008 Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. […]
Scottsdale Luxury Home Market Performance- August 2008
August 2008 resulted in a mixed performance for the Scottsdale single-family resale luxury home market. – AUGUST 2008 – Homes Priced Between $1,000,000 – $1,499,999 – Actives: There were 531 actives, which is lowest level we have seen since before I started tracking this information last September. The average over the last 12 months has been 602. – […]
Scottsdale Market Snapshot – Desert Mountain
Here is a snapshot of the year-to-date sales information for Desert Mountain in Scottsdale, Arizona. Data is as of 8/26/08 and was pulled via the Arizona Regional MLS (ARMLS). Homes for Sale 160 – Average Asking Price $2,682,733 – Average Square Feet 5,018 – Average Asking Price per Sq. Foot $506.63 – Average Days on Market* 308 […]
Four offers in this market?
Last week, I had something happen that I had not seen in a long time – 4 offers in on a house my client had made an offer on! Now, this is Arizona, one of the states that makes headlines regularly about the dismal state of the real estate market. Needless to say, I was not anticipating […]
The Luxury Condo Market in Greater Phoenix – July 2008
The numbers for July are in and the luxury condo market had a somewhat slow month in July. (Note: The luxury condo market is being defined as condos for sale for over $1 million.) These numbers are down quite a bit from May where there were 8 sales and 7 units pending. At the end of […]
