Scottsdale Real Estate Market

Scottsdale AZ Luxury Home Market – November 2014

December 16, 2014 By Heather Tawes Nelson

– Scottsdale AZ Luxury Home Market Performance for November 2014 –

Scottsdale’s luxury home market had a decent month in November, in what is normally a quieter month for the market in general. What is most encouraging is that pending sales were up or strong in many of the price points.

To show more detail, I have split the data into four specific price bands. Each price band contains the following information:

Active – How many homes were for sale at the end of the month.
Pending – How many homes were in pending status at the end of the month.
Sold – How many home sold during the month.

– November 2014 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: The number of homes on the market were up another 9.7% over the previous month to 306. This is the highest this figure has been in the past year.
– Pending Scottsdale Home Sales: Pending sales were back up to twenty-one at the end of November. This is a little lower than the twelve month average, but not too far off.
– Scottsdale Homes Sold: Sales were off in November to seventeen. This is well below the 12 month average of 26.
– Sales Price to Listed Price: 96.2% – This is a little higher than it has been over the last couple of months.

Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: We actually saw inventory decrease by one at the end of November to 149.
– Pending Scottsdale Home Sales: Seventeen homes were pending at the end of the month. This on track with the 12 month average and more than double the previous month.
– Scottsdale Homes Sold: Only five homes sold in this price point last month, the lowest we have seen all year.
– Sales Price to Listed Price: 91.2% – This is also the lowest we have seen this figure all year.

Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: After two month of large inventory increases, homes for sale in this price point were up 7.7% over the previous month to 167.
– Pending Scottsdale Home Sales: Pending sales were up to nine, about where we have been seeing this figure, but still lower than the 12 month average.
– Scottsdale Homes Sold: Sales increased to eight in November after three months of being at seven.
– Sales Price to Listed Price: 93.5% – This number varies a bit, but tends to stay in the low 90%’s.

Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: As we saw in most other price points, inventory was up at the end of the month. At this point, we are back to levels we saw at the beginning of the year.
– Pending Scottsdale Home Sales: Pending contracts remained the same at six, which is on track with the 12 month average.
– Scottsdale Homes Sold: There were three home sales in November, which was a big improvement over October’s single sale.
– Sales Price to Listed Price: 97.30% – This is the highest we have seen this figure by far in the past year.

As we have seen over the past several months, results for the Scottsdale luxury home market were mixed. Inventory is on the rise, but we also saw some healthy rebounds on pending sale activity, which is promising for December’s figures,.

If you would like additional detail on home sales activity, please visit my 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 was pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2014 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 implied or expressed. Copyright © 2014 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – November 2014

December 12, 2014 By Heather Tawes Nelson

– Luxury Condo Sales in Scottsdale and Phoenix – November 2014 –

October’s momentum carried on over into November. In Scottsdale and Phoenix there were six sales of luxury condos last month, one of the highest sales months we have seen in a while.

I am defining luxury condos as those on the market for over a million dollars.

ACTIVE LISTINGS AT THE END OF NOVEMBER

Inventory was up to thirty-five condos on the market at the end of November. This is pretty common to see as homeowners may elect to take their units off of the market in the slower summer months and then re-list them as we move into the high season.

The most expensive condo on the market was an incredible penthouse in The Landmark in the Kierland neighborhood. This home had three bedrooms, three bathrooms and 4,480 square feet. It had been previously listed for well over $3 million, but after a price reduction, it was listed for $2,975,000.

The least expensive unit on the market was in the Kierland Plaza Lofts in North Scottsdale. It was a two bedroom, two bathroom unit with 1,664 square feet. The asking price was $1,049,000.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of November, there two pending sales. The first was in Optima Camelview Village and had been on the market for $1,295,000. The second pending unit was in The Residences at 2211 Camelback and it had been listed for $2,300,000.s

LUXURY CONDO SALES FOR NOVEMBER 2014

A total of six luxury condos sold in November, which was an outstanding performance. Five sales took place in Scottsdale and the final sale was in Phoenix.

Scottsdale Sales:

Optima Camelview Village – Three bedrooms, two and one-half bathrooms, 2,599 square feet on the third floor. Listed for $1,200,000 and sold for $1,100,000 in a cash transaction.
Scottsdale Waterfront Residences – Two bedrooms, two and one-half bathrooms, 2,102 square feet on the 11th floor. Listed for $1,250,000 and sold for $1,145,000.
Plaza Lofts at Kierland – Two bedrooms, two and one-half bathrooms and 2,086 square feet. Listed for $1,195,000 and sold for $1,150,000 in a cash transaction.
Scottsdale Waterfront Residences – Two bedrooms, two and one-half bathrooms, 2,265 square feet on the 9th floor. Listed for $1,450,000 and sold for $1,300,000.
The Landmark in Kierland – Four bedrooms, three bathrooms, 3,946 square foot penthouse. Listed for $2,499,000 and sold for $2,300,000 in a cash transaction.

Phoenix Sale:

The single sale in Phoenix was for a lovely unit at Esplanade Place in the Biltmore corridor. It had three bedrooms, four bathrooms ans 4,286 square feet. It had been listed for $2,395,000 and sold for $2,050,000 in a cash transaction.

November was an excellent month for luxury condo sales in Scottsdale and Phoenix. We saw a large sales number and there were still two sales in the pipeline. Inventory was up, but that is to be expected at this time of year.

Learn More About Phoenix and Scottsdale Luxury Condos

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Disclaimer: Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2014 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 © 2014 Heather Tawes Nelson | Joyce Tawes

Holiday Events at Kierland Commons and Scottsdale Quarter

December 9, 2014 By Heather Tawes Nelson

– 2014 Holiday Celebrations at Scottsdale Quarter and Kierland Commons –

The Kierland area, with its excellent shopping, dining and entertainment options is a very popular destination for locals and visitors alike. Now, with the holidays underway, they have pulled together some fun events for all ages.

Kierland Commons 2014 Holiday Events

Get your list ready, because Santa is at Kierland! Starting on December 12th, Santa will be holding court in Kierland’s Center Plaza from noon to 8PM daily and 10AM to 6PM on Christmas Eve.
Miracle on Main Street – Each Saturday head on over to Main Street and participate in the holiday celebrations and hear some live music. Santa will be there, but so will Mrs. Claus who will be telling stories each half hour. Snow in Scottsdale? Snow will be falling a few times each evening. And, you will have the opportunity to take a horse-drawn carriage ride or enjoy some S’mores while supporting some great local charities.

Scottsdale Quarter 2014 Holiday Events

On Saturday, December 13th, there will be a special Holiday Tree Auction that supports Phoenix Children’s Hospital. At 10AM you can come take a look at the trees and the auction itself will take place at 1:30PM. The trees will feature keepsake ornaments, discounts, gift cards and more. Plus, there will be live performances and more.

Westin Kierland 2014 Holiday Events

The Westin Kierland, just across the street from Kierland Commons also has some fun holiday offerings.

Watch the hotel transform into a colorful background for computer-generated, animated PaintScapes set to holiday music. The shows run nightly at 6:30, 7:00. :7:30 and 8:00 through December 31st. This event is free and open to the public.
Have kids or grandkids over the age of three? Come participate in the Holiday Family FunFest. Some of the activities include train rides, face painting, arts and crafts, games, live entertainment and more. And, you can even visit with Santa. The Family FunFest takes place on Fridays and Saturdays from 5-8PM through December 20th. It costs $10 per person, and another $5 per person if you want to join in on the all-you-can-eat S’mores center.

Disclaimer: Events and details subject to change. Please visit the respective websites and the links above for the most current information.

Scottsdale AZ Single Family Home Sales – November 2014

December 5, 2014 By Heather Tawes Nelson

– Scottsdale Homes for Sale and Home Sales in November 2014 –

November was a pretty quiet month for home sales activity in Scottsdale. It had its second lowest sales month of the year, with January coming in slightly lower. However, we did see an uptick in pending activity which is better news for December.

SCOTTSDALE HOME SALES ACTIVITY – NOVEMBER 2014

The chart below contains the past 12 months of data for the following categories:
– Single-family homes for sale are depicted in red.*
– Pending home sales are depicted in green.*
– Home Sales are depicted in purple.

NOVEMBER 2014 RESULTS

Active Scottsdale Homes for Sale: The number of homes for sale was up 2.8% over October to 2,165. This is just above the 12 month average of 2,128 homes.
Pending Homes Sales in Scottsdale: Pending sales saw a healthy 22.1% bump when compared to October’s pendings. We ended the month with 282 homes under contract. The 12 month average for this figure is 307.
November Home Sales in Scottsdale: Sales were very quiet and came in at 260. This is well below the 12 month average of 363 sales.

Next, we will take a look at two other sets of information pertaining to the Scottsdale real estate market.

The first section looks at the pace of sales activity when compared to the prior month. For examples, while pending sales were up 22.1% over October, we also saw a 22.6% decrease in closed sales when compared to October.

The second part pertains to final sales price when compared to the asking prices of the homes when they went under contract. So in November, buyers on average saw a 4.2% discount of off asking prices. This number has been trending around 95% throughout 2014.

November was a quiet month for home sales in Scottsdale, as we anticipated from the prior month’s numbers and seasonality. The uptick in pending sales is a positive however, and should help us wrap up the year.

Search Scottsdale AZ Homes for Sale

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

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2014 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Scottsdale AZ over the last 12 months. 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 © 2014 Heather Tawes Nelson | Joyce Tawes

Troon North Scottsdale – November 2014 Real Estate Update

December 2, 2014 By Heather Tawes Nelson

– Troon North Real Estate Update – First Three Quarters of 2014 –

Many golfers love to play the challenging world-renowned golf courses at Troon North. Located in Scottsdale, just north of Pinnacle Peak, Troon North is a collection of smaller neighborhoods on and around the courses.

Seasonal residents like the convenience of the smaller lock and leave condos and townhomes. And single-family home options range from planned communities to large custom estates.

TROON NORTH HOMES FOR SALE AND PENDING SALES AS OF NOVEMBER 24, 2014

As November came to an end, there were sixty-seven homes on the market in Troon North, with asking prices ranging from $245,000 to $2,850,000.

The most expensive home with the $2,850,000 price, was a custom estate in the Talus community. It was on 1.8 acres and had four bedrooms, four and one-half bathrooms and 6,200 square feet.

The $245,000 priced home was actually for a 1/7 ownership share in the elegant community of The Rocks. These fully-furnished homes are a great alternative for folks looking for a true “lock and leave” set up.

TROON NORTH 2014 HOME SALES – THROUGH 11/24/14

Home sales in Troon North in 2014 had a strong first half , with a drop in Q3 and potentially Q4. In most other Scottsdale communities, there was a sales spike in Q2.

As far as home sales so far in 2014, the most expensive sale was in the Pinnacle Canyon neighborhood. The home was a four bedroom, five and one-half bathroom estate with 5,335 square feet, including a casita. It had been listed for $2,595,000 and sold for $2,400,000 in a cash transaction.

The least expensive home sale was a townhome. It had two bedrooms, two and one-half bathrooms and 2,008 square feet. It had been on the market priced at $319,000 and sold for $297,000 cash.

If you have any questions about the community of Troon North or about homes in the area, please feel free to contact us.

Otherwise, simply enjoy browsing some of the homes for sale below.

Search Homes For Sale in Troon North

MAP OF TROON NORTH

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/24/2014 and can change at any time. The analysis looks at residential single family home sales activity in Troon North Club in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2014 Heather Tawes Nelson | Joyce Tawes

Grayhawk Scottsdale – November 2014 Real Estate Update

November 28, 2014 By Heather Tawes Nelson

– Grayhawk Real Estate Update – First Three Quarters of 2014 –

The community of Grayhawk is one of the most popular communities for homeowners in North Scottsdale.

Grayhawk is comprised of two main neighborhoods. There is the Retreat section to the east, which was developed around Grayhawk’s two well-known public courses, Raptor and Talon. Within the retreat, you will find a mix of custom homes as well as production homes and townhomes.

On the west side of the community, you will find The Park. The Park is comprised of production homes of all sizes and lots of green space encourages play and interaction with your neighbors.

In this real estate report, we will be going over the single-family home sales activity in Grayhawk as a whole.

GRAYHAWK HOMES FOR SALE AND PENDING SALES AS OF NOVEMBER 24, 2014

As of the end of November, fifty-two homes were for sale in Grayhawk.

The most expensive home on the market was listed for $2,890,000. This lovely estate with six bedrooms, seven bathrooms and 8,046 square feet is located on the 14th hold of the Raptor golf course.

The least expensive listing in Grayhawk was a remodeled three bedroom, two bathroom home with 1,405 square feet. The asking price was $369,000.

GRAYHAWK 2014 HOME SALES – THROUGH 11/24/14

Unlike most other areas in Scottsdale, Grayhawk had its strongest sales quarter in Q3, whereas Q2 has seemed to be the dominant quarter in many other communities. But for the most part, sales have been pretty level and growing throughout the year.

The highest sale amount for 2014 in Grayhawk was $2,150,000. This was for a four bedroom, five bathroom home on the golf course with 5,781 square feet. It had been on the market for $2,199,000 and sold in a cash transaction.

The lowest priced sale was for a three bedroom, two bathroom home with 1,405 square feet. It had been listed for $339,000 and sold for $337,000.

If you have any questions about the community of Grayhawk or about homes for sale there, please feel free to contact us.

Otherwise, simply enjoy browsing some of the homes for sale below.

Search Homes For Sale in Grayhawk

MAP OF GRAYHAWK

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/24/2014 and can change at any time. The analysis looks at residential single family home sales activity in Grayhawk Club in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2014 Heather Tawes Nelson | Joyce Tawes

DC Ranch Scottsdale – November 2014 Real Estate Update

November 25, 2014 By Heather Tawes Nelson

– DC Ranch Real Estate Update – First Three Quarters of 2014 –

DC Ranch is a well-known, upscale community in North Scottsdale. It encompasses over 8,200 acres at the base of the Mc Dowell Mountains.

There are many diverse neighborhoods within DC Ranch. This includes a large number of condos and townhomes as well as gated and non-gated communities. Many custom homes can be found in the guard-gated DC Ranch Country Club portion and Silverleaf, one of the top luxury communities in Scottsdale, is also located in DC Ranch.

This real estate update will take a look at single-family homes in DC Ranch, not including homes in Silverleaf.

DC RANCH HOMES FOR SALE AND PENDING SALES AS OF NOVEMBER 24, 2014

There were forty-nine homes for sale in DC Ranch at the end of November.

The most expensive listing was found in the DC Ranch Country Club community. It had seven bedrooms, eight bathrooms, incredible views and 8,552 square feet.

The least expensive home was listed for $549,000 and had two bedrooms, an office, two bathrooms and 1,740 square feet.

DC RANCH 2014 HOME SALES – THROUGH 11/24/14

Homes sales saw a surge in Q2. (We saw this same pattern throughout much of Scottsdale as well.)

What is interesting to note is that we are only partially through Q4 and there have already been 12 sales. So, with that pace, Q4 should turn out to be a decent sales quarter.

The most expensive home sale in DC Ranch in 2014 was $4,575,000. This golf community estate was sold in a pre-construction state, and when complete will have six bedrooms, six and one-half bathrooms and 7,633 square feet.

The least expensive sale in 2014 was $450,000. This home had 1,935 square feet, three bedrooms, two bathrooms and was in a gated neighborhood.

If you have any questions about the community of DC Ranch or about real estate opportunities in the area, please feel free to contact us.

Otherwise, simply enjoy browsing some of the homes for sale below.

Search Homes For Sale in DC Ranch

MAP OF DC RANCH

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/24/2014 and can change at any time. The analysis looks at residential single family home sales activity in DC Ranch Club in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2014 Heather Tawes Nelson | Joyce Tawes

Troon Village Scottsdale – November 2014 Real Estate Update

November 22, 2014 By Heather Tawes Nelson

– Troon Village Real Estate Update – 2014 Year to Date –

Troon Village is a group of smaller communities on and around Troon Mountain in North Scottsdale. Its great location, coupled with its beautiful terrain make it a popular place to live.

Housing choices range from two bedroom smaller homes that are great for seasonal residents all of the way to elegant custom estates perched on the mountainside.

Troon Golf and Country Club is also located in Troon Village.

TROON VILLAGE HOMES FOR SALE AND PENDING SALES AS OF NOVEMBER 21, 2014

As of late November, there were 57 homes for sale in Troon.

The lowest priced home had two bedrooms, two and one-half bathrooms and 1,743 square feet. It was listed for $400,000.

The most expensive home on the market was a six bedroom, six bathroom, 7,946 square foot estate in Artesano. It was listed for $3,995,000.

TROON VILLAGE QUARTERLY 2014 HOME SALES – THROUGH NOVEMBER 21, 2014

As we saw in many other Scottsdale golf communities, Troon Village had a very strong second quarter. Almost half of the year’s sales took place in Q2.

Although there are no clear sales trends, we did see a downward dip in days on market from Q1 and we the average discount off of asking stayed in the 3-5% range from Q2 on.

If you have any questions about the community of Troon Village, Troon Golf and Country Club, or about real estate opportunities, please feel free to contact us. Otherwise, simply enjoy browsing some of the homes for sale below.

Search Homes For Sale in Troon Village

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/21/2014 and can change at any time. The analysis looks at residential single family home sales activity in Troon Village Club in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2014 Heather Tawes Nelson | Joyce Tawes

Scottsdale AZ Luxury Home Market – November 2014

– Scottsdale AZ Luxury Home Market Performance for November 2014 –

Phoenix and Scottsdale AZ Luxury Condo Sales – November 2014