For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price […]
Scottsdale Real Estate Market
Scottsdale AZ Single Family Home Sales – May 2021
– May 2021 Scottsdale Homes for Sale and Home Sales – May kept the strong sales trends going even in the midst of very little inventory. In the under $1 million price point, there were only 147 homes for sale at the end of the month and yet over the course of the month, 369 […]
Could Rising Home Prices Impact Your Net Worth?
Learn how to determine your current net worth and how an investment in real estate can help improve your bottom line. Among its many impacts, COVID-19 has had a pronounced effect on the housing market. Low home inventory and high buyer demand have driven home prices to an all-time high.1 Scottsdale and the Phoenix Valley […]
How Misunderstandings about Affordability Could Cost You
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right now. When […]
Scottsdale AZ Luxury Home Market – April 2021
– Scottsdale Luxury Home Market Performance for April 2021 – Even though I know the Scottsdale real estate market is incredibly hot, I am still blown away when I pull the numbers each month. This is especially true with the luxury market. I used to be impressed if seven homes sold in a month with […]
Should I Move or Refinance?
The level of equity homeowners have is at an all-time high. According to the U.S. Census, over 38% of owner-occupied homes are owned free and clear, meaning they don’t have a mortgage. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. Scottsdale […]
Phoenix and Scottsdale AZ Luxury Condo Sales – April 2021
– Luxury Condo Sales in Scottsdale and Phoenix – April 2021 – April was yet another incredibly strong sales month for luxury condos in Scottsdale and Phoenix. We saw an incredible 17 sales and pending sales were also on a fast pace. However, we did see the number of UCB contracts fall off slightly. Here […]
Quick Video Update of the Scottsdale Real Estate Market – April 2021
– April 2021 Scottsdale Housing Market Video – April was another great sales month, but we did see the impact of low inventory on pending sales. The good news is that inventory did go up slightly. Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of April. […]
