When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when you’re […]
Scottsdale Real Estate Market
Demand for Vacation Homes Is Still Strong
The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with […]
Scottsdale AZ Luxury Home Market – May 2021
– Scottsdale Luxury Home Market Performance for May 2021 – With the exception of one price point, luxury home sales in Scottsdale accelerated for yet another month! This analysis looks at luxury home sales activity in Scottsdale. I am using an asking price point of $1 million or more to qualify these homes as luxury […]
Phoenix and Scottsdale AZ Luxury Condo Sales – May 2021
– Luxury Condo Sales in Scottsdale and Phoenix – May 2021 – The sales activity for luxury condos in Scottsdale and Phoenix is still incredibly strong. There were thirteen sales last month. However, we did see a large drop in inventory in May, which might hamper sales in June and beyond. Here is a recap […]
Quick Video Update of the Scottsdale Real Estate Market – May 2021
– May 2021 Scottsdale Housing Market Video – May was another very strong sales month in Scottsdale, even with the severely constrained inventory. Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of May. May 2021 – Video Scottsdale Active Listings As you can see, we had […]
In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price
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 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 […]
