The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1 In Scottsdale and the surrounding areas, we have […]
Scottsdale Real Estate Market
Phoenix and Scottsdale AZ Luxury Condo Sales – May 2022
Luxury Condo Sales in Scottsdale and Phoenix – May 2022 Even though we are seeing a cooling off in the general real estate market in Scottsdale and Greater Phoenix, luxury condo sales continue to post very strong results. This report analyzes the sales performance of luxury condos in Scottsdale and Phoenix. If the condo was […]
Is the Housing Market Correcting?
If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know. The housing market is moderating compared to the last two years, but what everyone needs to remember is that […]
How Buying or Selling a Home Benefits the Economy and Your Community
If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National Association of Realtors (NAR) releases a report each year to highlight just how much economic activity a home sale generates. The chart […]
Quick Video Update of the Scottsdale Real Estate Market – May 2022
– May 2022 Scottsdale Housing Market Video – Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of May. May 2022 – Video Scottsdale Active Listings Even though we are still suffering from low inventory, we have been seeing an uptick in the number of homes for […]
Sellers Have an Opportunity with Today’s Home Prices
As mortgage rates started to rise this year, many homeowners began to wonder if the value of their homes would fall. Here’s the good news. Historically, when mortgage rates rise by a percentage point or more, home values continue to appreciate. The latest data on home prices seems to confirm that trend. According to data from CoreLogic, home price appreciation has […]
Scottsdale AZ Single Family Home Sales – May 2022
– May 2022 Scottsdale Homes for Sale and Home Sales – Things changed quite a bit on the inventory front in May. We saw a big jump in the number of homes on the market, which is great news for buyers. On top of that, sales activity remained strong. SCOTTSDALE HOME SALES ACTIVITY – MAY […]
What Does the Rest of the Year Hold for the Housing Market?
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say. The Number of Homes Available for Sale Is […]
