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Things to Do in Scottsdale – Late March 2018

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– Scottsdale Events – Late March 2018 –

  • Spring Training – Now through the end of March – Spring Training has kicked off and will provide a lot of excitement over the next several weeks. See your favorite MLB teams in action all over the Valley.
  • Cavalia– Now through March 26th – The fantastic show that is Cavalia is back for another season. This thrilling event featuring horses and talented performers is a must-see.
  • Arizona Renaissance Festival – Weekends through April 1st – Travel back in time at the Renaissance Festival. Feast on turkey legs and cheer on the joust. There are performances throughout the day and feel free to come in costume!
  • Sunday A’Fair – Sundays through April 8th – Spend your Sunday afternoons al fresco enjoying the great weather Scottsdale has to offer. Live concerts are the highlight as well as free admission to Scottsdale’s Museum of Contemporary Art.
  • Carefree Fine Art & Wine Festival – March 16th – 18th  – Stroll through the streets of Carefree taking in the beautiful art. There will be 150 artists displaying over 5,000 pieces of art as well as live entertainment and food trucks.
  • The King & I – March 20th – 25th – ASU Gammage will be the home to this short run of the King & I, the classic musical.
  • Burger Battle at the Scottsdale Waterfront – March 23rd – The epic showdown will take place in the evening and a winner will be crowned. Your ticket will allow you to try as many burgers as you want and comes with free drinks and fries. Live music will round out the evening.
  • 5th Annual Italian Festival – March 24th & 25th – Sample authentic pasta and Italian wine at the Civic Center Mall as you enjoy live music and performances by Italian artists. Shop for Italian goods as well in the marketplace.

 

As always, this is just a small list of things going on during the last half of March. Please feel free to add any others in the comment section.

 

Disclaimer: Information deemed reliable, but not guaranteed. Events subject to change.

 

Photo by chcameron

Scottsdale AZ Single Family Home Sales – February 2018

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– February 2018 Scottsdale Homes for Sale and Home Sales –

Here is a recap of the Scottsdale real estate market for the month of February.

SCOTTSDALE HOME SALES ACTIVITY – FEBRUARY 2018

The chart below shows the past year of real estate activity in Scottsdale. For this report, we track four different items on a monthly basis:

– Single-family homes for sale – The homes for sale are shown on the red line.*
– Under contract, but accepting backup offers (UCB) – UCBs are shown on the green line.*
– Pending home sales – Pending sales are shown on the purple line.*
– Home Sales – Sales are shown on the blue line.

FEBRUARY 2018 RESULTS

  • Scottsdale Homes for Sale: Inventory really did not change between January and February. It stayed just over 2,000 homes for sale.
  • UCB (Under contract, accepting backup offers): UCB listings saw another nice increase. They were up over 10% compared to the end of January.
  • Pending Homes Sales in Scottsdale: Pending sales saw an over 20% increase over January. The 353 pendings put this month on track with the activity seen this time last year.
  • Scottsdale Home Sales: Homes sales saw a nice uptick. February closed out with 416 home sales.

This next section contains two more metrics associated with the Scottsdale real estate market.

The first section looks at how each of the categories we are tracking performed compared to the previous month. So if you look at pending sales, you can see the figure was up 20.5% at the end of February compared with the end of January.

The second section is a metric we use called “Sales Price to List Price.” It is a quick and easy way to see what homes sold for in comparison to what they were listed for. In February, this figure was 96.6%, meaning homes on average sold at a 3.4% discount off of asking price.

February continued a nice uptick in sales activity as we move into the peak of the high season. The increased UCB and pending sales bode well for strong March numbers.

*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.

Search Scottsdale AZ Homes for Sale

Here is a sampling of some of the homes on the market, or click the link above to see all of the homes for sale.

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 3/1/2018. Information deemed reliable, but not guaranteed. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2018 Heather Tawes Nelson | Joyce Tawes

Things to Do in Scottsdale – Early March 2018

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– Scottsdale Events Early March 2018 –

The high season is in full-swing and with that comes lots of fun events and festivals around town. Here is a collection of some of the things going on in March.

  • Rock the District – March 3rd – This event is in its 9th year and benefits the Cave Creek Unified School District. The concert features local students and has earned over $200,00 for Cave Creek schools.
  • 54th Annual Scottish Games – March 3rd & 4th – It is a weekend full of all things Scottish. Enjoy athletic demonstrations, live music, dancing, genealogy tracing and so much more.
  • Heard Museum Indian Fair and Market – March 3rd & 4th – This popular annual event is back at the Heard. Experience wonderful Indian art and watch the multiple demonstrations on how these creations are produced. There will also be cultural performances and crafts for children.
  • Spring Training – Now through the end of March – Spring Training has kicked off and will provide a lot of excitement over the next several weeks. See your favorite MLB teams in action all over the Valley.
  • Cavalia– Now through March 26th – The fantastic show that is Cavalia is back for another season. This thrilling event featuring horses and talented performers is a must-see.
  • Arizona Renaissance Festival – Weekends through April 1st – Travel back in time at the Renaissance Festival. Feast on turkey legs and cheer on the joust. There are performances throughout the day and feel free to come in costume!
  • Parada del Sol Rodeo and Parade – March 8th – 11th –  This highly anticipated event is back for 2018. There are multiple days of events and the famous parade will take place on the 10th.
  • Ostrich Festival – March 9th – 11th – This is the 30th year for Chandler’s Ostrich Festival. The highlight is the namesake ostrich races, but there will be even more races this year, including emus, camels, small dogs and more. There will be lots of rides and attractions such as a science show, a STEM lab, pirates, clowns and so much more. There are also bonus kickoff events on March 3rd.
  • Scottsdale Arts Festival – March 9th – 11th – Come see the creative creations of talented artists in Old Town Scottsdale. Located outside the Scottsdale Center for the Performing Arts, this fun festival also features food and drink options and lots of live music of all genres.
  • St. Patrick’s Day Parade and Faire – March 17th – Downtown Phoenix will host the annual St. Patrick’s Day parade that will kick off at 10AM. Following the parade, head over to the Faire to experience live Irish music, bagpipers, Irish dancing and food and beverage.

This is only a small portion of the events going on in and around Scottsdale in early March. Feel free to add others in the comments section.

 

Photo by jaycross

Photo by cocoparisenne

Scottsdale AZ Luxury Home Market – January 2018

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– Scottsdale AZ Luxury Home Market Performance for January 2018 –

Here is the first Scottsdale luxury home report of 2018.

For this report, I am looking at homes sales activity in Scottsdale where the homes are listed for $1 million or more. The past year of data is included and it has been separated into four price points to show additional detail.

Here are the things we are tracking each month:
Active –  How many homes were for sale at the end of the month.
UCB (Under Contract Accepting Backup Offers) – How many homes were under contract, but still accepting backup offers at the end of the month.
Pending – The number of pending sales at the end of the month.
Sold – How many homes sold during the month.


– JANUARY 2018 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

– Active Scottsdale Homes on the Market: Inventory started to move back up as the year began.
– UCB Scottsdale Home Sales: UCBs were the highest we have seen in the past year. We closed out January with 40 UCB’s, well above the 12 month average of 27.
– Pending Scottsdale Home Sales: Pending sales were up slightly to 18. This is a little slower than we typically see in the new year.
– Scottsdale Homes Sold: Thirty-five homes sold in January. This is slightly ahead of the 12 month average of 34.
– Sales Price to Listed Price: 93.9% – On average, buyers saw a discount off of list price of 7.1%

Scottsdale Homes Priced Between $1,500,000 – $1,999,999

– Active Scottsdale Homes on the Market: Inventory was up almost 15% between December and January as homes came back onto the market.
– UCB Scottsdale Home Sales: UCB sales were down by one to eleven. This is on par with the 12 month average.
– Pending Scottsdale Home Sales: Pending sales saw a nice rebound to 14 at the end of January. This is also above the 12 month average.
– Scottsdale Homes Sold: Eighteen homes sold in January, making it one of the best sales months in the past year.
– Sales Price to Listed Price: 94.9% – On average, buyers saw a discount off of list price of 5.1%.

Scottsdale Homes Priced Between $2,000,000 – $2,999,999

– Active Scottsdale Homes on the Market: Inventory for this price point was also up at the end of January.
– UCB Scottsdale Home Sales: UCB sales almost doubled between December and January. This is the highest we have seen this figure in the past year.
– Pending Scottsdale Home Sales: Pending sales also almost doubled as well. There were thirteen pendings at the end of the month, the highest we have seen in the past 12 months.
– Scottsdale Homes Sold:  Only four homes sold in January, coming off of the holiday season.
– Sales Price to Listed Price: 94.2% – On average, buyers saw a discount off of list price of 5.8%.

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory was up over 12% between December and January.
– UCB Scottsdale Home Sales: UCBs were level at three.
– Pending Scottsdale Home Sales: Pending sales fell to three after a very strong December. This is below the 12 month average of five.
– Scottsdale Homes Sold:  There were seven sales in January, which was a very strong performance.
– Sales Price to Listed Price: 90.7% – On average, buyers saw a discount off of list price of 9.3%.

January turned out to be an excellent month. While some sales were lower, coming off of the slow holiday season, pendings and UCB sales came back with some large gains. This indicates February should be a good sales month.

If you would like additional detail on home sales activity, please visit our Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.

Search Scottsdale Luxury Homes for Sale

Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2018 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties expressed or implied.
Copyright ©2018 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – January 2018

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– Luxury Condo Sales in Scottsdale and Phoenix – January 2018 –

Here is how the Scottsdale and Phoenix luxury condo market fared during the first month of 2018. For the purposes of this report, we will be examining the sales activity of million dollar plus condo sales and condos for sale.

ACTIVE LISTINGS AT THE END OF JANUARY

Inventory dropped by 6 condos to 54 at the end of January. Thirty-four of the units were located in Scottsdale and the remaining twenty were in Phoenix.

The highest priced condo on the market was listed for $3,200,000. This was for a 4,059 square foot penthouse with three bedrooms and three and one-half bathrooms at the Plaza Lofts at Kierland.

The least expensive unit for sale was on the market for $1 million and is a carryover from last month. This penthouse at the Regency House Condos had three bedrooms, two bathrooms and 2,650 square feet.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

January ended with three units in UCB status. All three were located in Scottsdale and two of them are carryovers from 2017.

  • Main Street Place is currently under development, so continues to be carried over. It was on the market for $1,975,000 and 3,563 square feet, three bedrooms and three and one-half bathrooms.
  • Optima Camelview is the other carryover. This unit had three bedrooms, three and one-half bathrooms and 2,299 square feet. It had been on the market for $1,549,000.
  • The final UCB was located in Envy Residences. On the market for $1,975,000, this condo had two bedrooms, two and one-half bathrooms and 2,345 square feet.

*UCB status means a condo has an accepted contract, but that the seller has requested that they accept backup offers. Most times you will see this status when the contract is in the inspection/due diligence period.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of January, there were nine luxury condos in pending status. Scottsdale had most of them with eight pendings and the majority of them have been in this status for a while because they are located in communities that are under construction.

Pending Condos in Scottsdale

  • Three of the eight pending sales were in Main Street Place and have been in this status for many months. Square footage for these units came in between 2,345 and 2,520. Prices ranged from $1,165,000 (3rd floor), to $1,300,000 (2nd floor) and to $1,975,000 (4th floor).
  • Optima Kierland, a new luxury development still being built out, also had two carryover pendings. The first unit had two bedrooms, two and one-half bathrooms and 2,283 square feet. It was listed for $1,653,000. The second unit was a three bedroom, three bathroom, 1,706 square foot home. It was on the market for $1,075,000.
  • Optima Camelview had a carryover pending from December. This unit had three bedrooms, two bathrooms and 2,258 square feet. It had been listed for $1,290,000.
  • A new pending in the Enclave at the Borgata appeared in January. This unit had three bedrooms, three and one-half bathrooms and 3,016 square feet. Its list price was $1,450,000.
  • The final pending sale for January was in the Scottsdale Waterfront Residences. This condo had 1,780 square feet, two bedrooms and two bathrooms. It was for sale for $1,100,000.

Pending Condo in Phoenix

  • A new pending sale appeared in Phoenix. This condo at Portland on the Park had two bedrooms, three bathrooms and 2,105 square feet. It was listed for $1,250,000.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were four luxury condo sales in January, equally split between Scottsdale and Phoenix.

Scottsdale Luxury Condo Sales

  • What had been the most expensive listing for many months sold in January. This Scottsdale Waterfront Residences penthouse had 3,363 square feet and came with three bedrooms and three and one-half bathrooms. It had been on the market for $3,595,000 and sold for $3,450,000.
  • Scottsdale Waterfront Residences had the other sale as well. The three bedroom, three and one-half bathroom unit with 2,503 square feet had been on the market for $1,499,000 and sold for $1,425,000.

Phoenix Luxury Condo Sales

  • Portland on the Park had a sale in January. This condo had three bedroom, three bathrooms and 1,904 square feet. It was on the market for $1,109,500 and ultimately sold for $1,089,000.
  • Esplanade Place was home to the second sale in January. This unit had two bedrooms, three bathrooms and 3,000 square feet. It had been for sale at $1,350,000 and closed for $1,300,000.

 

Learn More About Phoenix and Scottsdale Luxury Condos

Search Phoenix and Scottsdale Luxury Condos for Sale

Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 2/1/2018 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. Information deemed reliable, but not guaranteed.  There may be new condo inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2018 Heather Tawes Nelson | Joyce Tawes

Quick Video Update of the Scottsdale Real Estate Market – January 2018

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– January 2018 Scottsdale Housing Market Video –

January 2018 – Video

Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of January.

Scottsdale Active Listings

Here we start off with a look at the housing inventory in Scottsdale. In this first image, we are looking at a year-over-year perspective. So, the number of homes for sale in Scottsdale this January versus last January was down 13%.

 

 

 

 

This is the same information, but using a month-over-month comparison.

The number of homes on the market in January was up 4% over December 2017.

 

 

 

Median List Price for Scottsdale Homes

If you are not familiar with median list price, it simply means it is the mid-point, where half of the homes are priced higher and half of the homes are priced lower.

In January, the median list price was $925,000. This is up quite a bit from January 2017’s $849,000 median list price.

 

 

 

Days on Market

Days on Market is a quick and easy way to gauge how well a market is performing. A high Days on Market (DOM) means things are moving more slowly, whereas a low DOM indicates a hotter market.

The DOM for January 2018 was 118. This is up 11% over January 2017’s 106 days.

 

 

 

Median Sales Price for Scottsdale Homes

Now we will look at the median sales price, versus list price.

January’s median home sales price was $551,300. This is up over $50,000 when looking at January 2017’s $500,000. However, it was down slightly from December 2017’s $555,000.

 

 

Number of Homes Sold

This final section covers home sales in Scottsdale.

There was a 9% increase in home sales when comparing January 2018 to January 2017.

 

 

 

However, if you look at December 2017 compared to January 2018, sales were down 4%. This makes sense as many buyers want to close before the end of the year for tax purposes. Sales should be headed up for the next several months.

 

 

 

 

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel

 

Disclaimer: Data deemed to be accurate, but is not guaranteed.

Scottsdale AZ Single Family Home Sales – January 2018

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– January 2018 Scottsdale Homes for Sale and Home Sales –

Here is how the Scottsdale real estate market fared during the first month of 2018.

SCOTTSDALE HOME SALES ACTIVITY – JANUARY 2018

The chart below shows the past year of real estate activity in Scottsdale. For this report, we track four different items on a monthly basis:

– Single-family homes for sale – The homes for sale are seen on red line.*
– Under contract, but accepting backup offers (UCB) – UCBs are represented by the green line.*
– Pending home sales – Pending sales are represented by purple line.*
– Home Sales – Sales are represented by the blue line.

JANUARY 2018 RESULTS

  • Scottsdale Homes for Sale: After the seasonal dip at the end of the year, the number of homes for sale was back up over 2,000 by the end of January.
  • UCB (Under contract, accepting backup offers): UCB listings saw a healthy 34.2% jump to just under 300 by the end of the month.
  • Pending Homes Sales in Scottsdale: We also saw another healthy jump in pending sales as the year got off to a start.
  • Scottsdale Home Sales: Sales were down a little bit between December and January. This a seasonal dip we see as buyer activity falls over the holiday season. However, 378 sales was a solid figure for the month.

This next part covers two other things we track related to the Scottsdale housing market.

The top section is how each of the sales metrics performed in relation to the prior month. For instance, pending sales were up 24.7% at the end of January compared to the end of December.

The bottom section contains sales price to list price. This tells you what homes sold for compared to what their listed price was. In January, it was 95.8%. That means that on average homes sold for 4.2% less than their list prices.

January’s sales activity got 2018 off to a nice start. And with the uptick in pendings and UCBs, February is on track to have a solid month.

*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.

Search Scottsdale AZ Homes for Sale

Here is a sampling of some of the homes on the market, or click the link above to see all of the homes for sale.

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 2/1/2018. Information deemed reliable, but not guaranteed. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2018 Heather Tawes Nelson | Joyce Tawes

Scottsdale AZ Luxury Home Market – December 2017

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– Scottsdale AZ Luxury Home Market Performance for December 2017 –

Here is the final luxury home sales report for 2017. In this report, I am defining luxury homes as homes in Scottsdale with asking prices in excess of $1 million. Because the market performs differently at different price points, I have divided the sales activity into four price bands and the data goes back 12 months.

The sales activities we are tracking are:
Active – The number of homes on the market at the end of the month.
UCB (Under Contract Accepting Backup Offers) – How many homes were under contract, but still accepting backup offers at the end of the month.
Pending – How many homes were in pending status at the end of the month.
Sold – The number of home sales for that month.


– DECEMBER 2017 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

– Active Scottsdale Homes on the Market: Inventory fell slightly at the end of the month, but it was still ahead of the 12 month average by a few homes.
– UCB Scottsdale Home Sales: UCBs came in at 29 at the end of the month. This is the third highest it has been in the past year.
– Pending Scottsdale Home Sales: Pending sales fell dramatically in December to sixteen. This is the lowest it has been this year, but we do tend to see things get quieter over the holidays.
– Scottsdale Homes Sold: Thirty homes sold in December. This was a solid showing to close out the year.
– Sales Price to Listed Price: 93.9% – On average, buyers saw a discount off of list price of 7.1%

Scottsdale Homes Priced Between $1,500,000 – $1,999,999

– Active Scottsdale Homes on the Market: Inventory was down slightly again to 204. This is just below the 12 month average.
– UCB Scottsdale Home Sales: UCB homes ended December at twelve. This is just ahead of the 12 month average of 11.
– Pending Scottsdale Home Sales: Pending sales were back down over a very strong November.
– Scottsdale Homes Sold: Seventeen homes sold in December, which is excellent. This was well ahead of the 12 month average of 13.
– Sales Price to Listed Price: 93.4% – On average, buyers saw a discount off of list price of 6.6%.

Scottsdale Homes Priced Between $2,000,000 – $2,999,999

– Active Scottsdale Homes on the Market: The number of homes for sale at this price point remained level between November and December.
– UCB Scottsdale Home Sales: UCB homes were also level between the past two months.
– Pending Scottsdale Home Sales: Pending sales saw a dip to seven. This is the second lowest we have seen this year.
– Scottsdale Homes Sold:  Ten homes sold in December. This is just ahead of the 12 month average of nine.
– Sales Price to Listed Price: 91.6% – On average, buyers saw a discount off of list price of 8.4%

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: This is the only price point where inventory went up between November and December.
– UCB Scottsdale Home Sales: UCBs fell to three, which is where they came in many times in 2017.
– Pending Scottsdale Home Sales: Pending sales e four pendings were right on par with the 12 month average.
– Scottsdale Homes Sold:  There were three home sales in December. It was a large dip from an abnormally high November sales figure.
– Sales Price to Listed Price: 89.8% – On average, buyers saw a discount off of list price of 10.2%.

December was a solid month to close out 2017. There was mixed activity, but we did see some strong sales figures in the lower price points. Pendings, for the most part, were down, but that is due to seasonality. Based on this, I anticipate a slower sales month in January.

If you would like additional detail on home sales activity, please visit our Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.

Search Scottsdale Luxury Homes for Sale

Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2018 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties expressed or implied.
Copyright © 2018 Heather Tawes Nelson | Joyce Tawes

 

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