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Scottsdale Real Estate Market

Bocara – New Upscale Homes Coming to North Scottsdale

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– Bocara North Scottsdale – New Home Development by Camelot Homes –

Bocara luxury homes Scottsdale AZA new community is coming soon in North Scottsdale. Located on the eastern side of Scottsdale Road, just north of Pinnacle Peak will be Bocara. Bocara is an intimate community of fifty residences built by Camelot Homes.

Bocara will be an elegant, gated community with plenty of open space for residents to enjoy. There are even plans for a common garden area where homeowners can plant, cultivate and share vegetables and more.

The homes are set back off of Scottsdale Road and many have lovely mountain views in the distance. The community is conveniently located and is just a minute or two from the nearest shopping and dining. And, the Loop 101 freeway is just a few minutes down Scottsdale Road.

Bocara Models and Floorplans

Bocara offers three floorplans with options to have anywhere from three to six bedrooms as well as two and one-half to six bathrooms. All of the floorplans are single-level and were designed with energy efficiency in mind.

The smallest floorplan is one with three bedrooms and two and one-half bathrooms. It comes with 3,106 square feet and base pricing starts at $744,900. From there, you can go all of the way up to a five bedroom, six bathroom home with 4,142 square feet. Three car garages are included and a fourth car garage is an available upgrade on some homes.

Additional options include a second story loft, a guest casita and more.

Lot sizes range from approximately 11,000 square feet to 14,000 square feet.

Currently, base model pricing runs from $744,900 to $802,900. And, as with all new homes, any upgrades or options will be additional.

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If you would like more information about the homes or would like a tour of Bocara, please contact Joyce Tawes at (480) 209-7843 or via email.

Disclaimer: All information deemed reliable, but not guaranteed. Prices, terms and details subject to change. 

Scottsdale AZ Luxury Home Market – August 2014

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– Scottsdale AZ Luxury Home Market Performance for August 2014 –

Contrary what we have been seeing elsewhere, some of the Scottsdale luxury price points had a very good August.

In this report, I am reviewing the activity of the luxury home market in Scottsdale. All of these homes have asking prices of $1 million or more. And, since there can be quite a bit of variation as prices increase, I have split the data into four price bands for further analysis.

Each price segment includes 12 months of the followingScottsdale Luxury Home in Troon information:
Active – The number of homes for sale at the end of the month.
Pending – The number of homes under contract at the end of the month.
Sold –  The number of home sales that month.

– August 2014 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory was actually up in this price point, whereas it has been decreasing elsewhere. It is still under the 12 month average of 247.
– Pending Scottsdale Home Sales: Pending sales were also up at the end of the month, something we did not really see elsewhere, which is a positive sign.
– Scottsdale Homes Sold: However, only 16 homes sold in August, well under the 12 month average of 28 and the lowest we have seen since January.
–  Sales Price to Listed Price: 96.2% – This is the highest we have seen this figure in many months.

Scottsdale home sales between $1 and $1.5 million August 2014

Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market:  Inventory dropped to 117 at the end of the month, well under the 12 month average of 143.
– Pending Scottsdale Home Sales: Pending homes were much lower in August and the lowest we have seen in the past year.
– Scottsdale Homes Sold:  Eight homes sold again in August, on par with July and lower than the 12 month average of eleven.
– Sales Price to Listed Price: 97.7% – This is a strong figure and higher than we were seeing earlier in the year.

Scottsdale home sales between $1.5 and $2 million August 2014

Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: As we have seen virtually everywhere else, inventory was down at the end of the month.
– Pending Scottsdale Home Sales: Homes under contract stayed level with July and came in at 10.
– Scottsdale Homes Sold:  Seven homes sold in August, which was more than double the sales in July and was ahead of the 12 month average of 6.
– Sales Price to Listed Price: 92.4% – This is lower than we have been seeing over the past few months.

Scottsdale home sales between $2 and $3 million August 2014
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory was actually up at the end of the month and was back over the 100 mark.
– Pending Scottsdale Home Sales: Only three homes were pending, which is the lowest we have seen since last September.
– Scottsdale Homes Sold: There were five sales in August, which is really strong. The 12 month average for this price point is 3.
– Sales Price to Listed Price: 90.8% – This figure has been hovering in this range for the past few months.

Scottsdale home sales over $3 million August 2014

The Scottsdale luxury real estate market had a mixed month. Sales activity was strong in the $1-$1.5M range and the $3M and above range. Interestingly enough, these two price bands were also the only ones to see inventory increase. Sales in the $1.5M-$3M range were level. Since pending sales were down in most price points, I anticipate September to be a little quieter.

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  9/1/2014 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 – August 2014

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

Scottsdale Waterfront ResidencesWe saw another slow month for luxury condos throughout the Valley. This slowdown is something we see seasonally as the market takes a break during the warmer summer months.

This report will take a look at the sales activity of luxury condos with asking prices over one million dollars.


ACTIVE LISTINGS AT THE END OF AUGUST

Inventory was down two twenty at the end of the month. This was down one over July.

Typically Scottsdale has more units on the market than Phoenix, but last month twelve of the twenty were in Phoenix with the remaining eight in Scottsdale.

The Landmark  in North Scottsdale continues to be the community with the most expensive unit for sale. This elegant luxury penthouse has three bedrooms, three and one-half bathrooms and 4,877 square feet. The asking price was $3,450,000, but at the end of August the price was reduced to $3,100,000.

The Mark community in Old Town Scottsdale is where you will find the lowest priced luxury condo.  It is a two bedroom, two and one-half bathroom home with 2,451 square feet. It is listed for sale for $1,000,000.


PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of August, there was a single pending sale in this category. This particular home was located on the ninth floor in the sought-after Scottsdale Waterfront Residences community. It had two bedrooms, two and one-half bathrooms and 2,265 square feet. The asking price at time of contract was $1,450,000.

LUXURY CONDO SALES FOR AUGUST

There was also a single sale  in August and this unit was also located in Scottsdale Waterfront Residences. It was a two bedroom, two and one-half bathroom penthouse with 3,363 square feet. It had been listed for $2,900,000 and ultimately sold for $2,182,000.

Scottsdale Phoenix Luxury Condos August 2014

As predicted, August was a quiet month for this segment of  luxury market. And based on a single pending sale, I anticipate September will be another quiet one.

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 was pulled from the Arizona Regional MLS (ARMLS) as of 9/1/2014 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

Scottsdale AZ Single Family Home Sales – August 2014

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

Scottsdale AZ Luxury Home As Scottsdale continues through its low season, we saw the expected corresponding drop in home sale activity in August. Inventory, pending sales and home sales were all down.

SCOTTSDALE HOME SALES ACTIVITY – AUGUST 2014

The graph below charts out the previous twelve months of real estate activity in Scottsdale. You will see data for the following three categories:
– Single-family homes for sale are shown in red.* 
– Pending home sales are shown in green.*
– Home Sales are shown in purple.


AUGUST 2014 RESULTS

Scottsdale AZ Home Sales August 2014

  • Active Scottsdale Homes for Sale: Inventory dropped again. It has been dropping steadily since March and was down 3.3% over the end of July. This is well below the 12 month average of 2,071 homes for sale.
  • Pending Homes Sales in Scottsdale: As anticipated, pending sales were down in August to 273. This is the seasonally slow season and this figure came in below the 12 month average of 317.
  • August Home Sales in Scottsdale: A total of 360 homes sold in August. This is the first time it has dropped into the 300’s since March 2014. The 12 month average for sales is 366.

The next chart takes a look at two things, the rate of change from month to month as well as a peek into sales prices as compared to list prices.

The top section shows how the categories change from month to month. For instance, pending sales were down 10.5% between the end of July and the end of August. And it is interesting to look at the patterns. Looking at active homes on the market, you could see the sharp increase as sellers put their homes back on the market last Fall as well as at the beginning of the year. Then, we see inventory going down as we moved into the slower summer months.

The lower section compares sales prices of the homes with the prices they had been listed for. This figure has been pretty level through the last year and in August, buyers, on average, received a 4.1% discount off of asking price.

 

Scottsdale Real Estate Activity August 2014

August was a quiet month for Scottsdale home sales.  The positive takeaway is that this is in line with the seasonality we see every year and as we move back into the high season, we should see things start to pick up again.

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  9/1/2014 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

Scottsdale AZ Luxury Home Market – July 2014

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Scottsdale Luxury Homes for Sale– Scottsdale AZ Luxury Home Market Performance for July 2014 –

Sales activity in Scottsdale’s luxury home market tapered off in July as the low season continued on. We also saw another drop in inventory. On a positive note, there was a decent pending inventory at the end of the month, which could translate into better sales in August.

For this analysis, I am looking at single-family homes with price points in excess of $1 million. This data has been split into four different price bands to show additional detail.

Each price band contains the following information for the past 12 months:
Active – How many homes were for on the market at the end of the month.
Pending – How many homes were pending sale at the end of the month.
Sold – How many homes sold over the course of the month.

– July 2014 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory dropped another 3.9% between June and July from 231 to 222 homes.
– Pending Scottsdale Home Sales: Pending sales dropped quite a bit after five months of strong numbers. This is below the 12 month average of 26.
– Scottsdale Homes Sold: Twenty-seven homes sold in July, a 28.9% decrease over June, but it is not too far off of the 12 month average of 29.
–  Sales Price to Listed Price: 95.3%  -This is the highest this figure has been since January.

Scottsdale AZ Home Sales Between $1 and $1.5 Million July 2014

Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: At the end of July, 120 homes were on the market in this price range, which takes us back to levels we have not seen since September 2013.
– Pending Scottsdale Home Sales: Pending sales stayed level at 16. This figure is a combination of new contracts and holdovers from the month prior.
– Scottsdale Homes Sold:  Only eight homes sold in July, the lowest we have seen all year. The 12 month average is eleven home sales.
– Sales Price to Listed Price: 98.6%  – This is the highest this figure has been in the past year.

Scottsdale Home Sales between $1.5 and $2 Million July 2014

 

Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory fell again in July to 113 homes. This is well below the 12 month average of 142 homes.
– Pending Scottsdale Home Sales: Pending sales dropped slightly to 10. This is on par with the 12 month average.
– Scottsdale Homes Sold:  Only three homes sold last month. This is the lowest we have seen sales this year.
– Sales Price to Listed Price: 99.2% – This is much higher than we usually see, but there were also a small number of sales.

Scottsdale Home Sales between $2 and $3 Million July 2014


Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory dropped to under 100 by the end of the month. This is the lowest we have seen in since September 2013.
– Pending Scottsdale Home Sales: Six homes were under contract. This figure has been pretty level over the last several months.
– Scottsdale Homes Sold: Only a single home sold in July, well off recent sales figures. However, there are still quite a few homes pending, so I would anticipate August’s sales to be stronger.
– Sales Price to Listed Price: 89.5% – This is the second month in a row where this number dipped to under 90%.

 

Overall, July was a so so month for the Scottsdale luxury real estate market as sales were off. However, the solid pending inventory makes me hopeful that August will be a better sales month.

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  8/1/2014 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 – July 2014

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

The Mark Luxury Condos ScottsdaleThings were a little quieter in the luxury condo market in Scottsdale and Phoenix in July, although the sakes activity was still solid.

In this report, we will look at the sales activity for luxury condos with list prices in excess of $1 million.


ACTIVE LISTINGS AT THE END OF JULY

Inventory was off slightly at the end of the month, from 23 listings to 21. Of the units for sale, eleven of them were in Phoenix and the remaining ten were in Scottsdale.

A luxurious penthouse in The Landmark continues to be the most expensive unit for sale. It had been listed for $3.7 million, but there was a price reduction to $3,450,000.  It has 4,877 square feet, three bedrooms and three and one-half bathrooms.

The least expensive luxury condo for sale is found in Old Town’s The Mark community. Priced at $1,000,000, this unit has two bedrooms and two and one-half bathrooms and is 2,451 square feet.


PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

One luxury condo was under contract at the end of July. It was a penthouse in the well-known Scottsdale Waterfront Residences in Downtown Scottsdale. With 3,363 square feet, two bedrooms and two and one-half bathrooms, the condo had been on the market for $2,900,000.

LUXURY CONDO SALES FOR JULY

Two condos sold in the month of July.

The first sale was in Phoenix’s elegant Esplanade Place in the Biltmore.  The 8th floor unit had  two bedrooms and two and one-half bathrooms and 2,978 square feet. It had been listed for $1,249,000 and sold for $1,210,000 in a cash transaction.

The second sale was in Scottsdale in The Mark community. This corner unit came with 2,442 square feet, three bedrooms and three and one-half bathrooms. It was on the market for $1,052,000 and ultimately sold for $900,000.

 

July 2014 Luxury Condo Sales Scottsdale Phoenix

Although sales were not as strong in July as in June for  Scottsdale and Phoenix’s luxury condo market, two sales was still a solid performance. And, there was a single pending sale at the end of the month, which ideally will close in August.

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 was pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2014 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

Desert Mountain in Scottsdale AZ – 2014 Real Estate Market Update

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– Desert Mountain in Scottsdale, Arizona- 2014 Real Estate Market Update –

Desert MountainDesert Mountain Renegade Golf Course Scottsdale is one of the most well-known luxury golf communities in Scottsdale. Located high in the hills in North Scottsdale, Desert Mountain is a golfer’s paradise with six Jack Nicklaus courses and many practice and training areas. There are also six clubhouses, a large tennis complex, a fitness center with pools, miles of trails and so much more.

For people looking for smaller vacation homes, Desert Mountain offers cottages and smaller single family homes. However, many of the homes in Desert Mountain are elegant custom homes representing a larger number of styles.

 HOMES FOR SALE AND PENDING SALES IN DESERT MOUNTAIN AS OF 7/17/2014

As of mid-July, 119 homes were for sale in Desert Mountain. Prices ranged from $590,000 for an 1,836 square foot home to $7,999,999 for a 12,500 square foot custom estate.

There we eight homes pending sale as of July 17th, with prices ranging from $699,900 to $2,995,000.

Desert Mountain Scottsdale Homes for Sale 2014

2014 HOME SALES IN DESERT MOUNTAIN THROUGH THE FIRST HALF

Sales saw a healthy jump in Q2 as the high season picked up. We did see the average sales price and average price per square foot drop in Q2, however, these figures are being somewhat impacted by the $5.5M sale that took place in the first quarter.

The highest priced home sale in Desert Mountain so far this year is the $5,525,000 sale I just alluded to. This estate had 8,155 square feet and had been listed for $5,975,000.

The lowest priced home sale in 2014 to-date was for and 1,836 square foot home. It had been on the market for $559,000 and ultimately sold for $535,000.

 

Desert Mountain Scottsdale 2014 Home Sales

 

SEARCH DESERT MOUNTAIN HOMES FOR SALE

 

Disclaimer:  Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 7/17/2014 and can change at any time. The analysis looks at residential single family home sales activity in Desert Mountain in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2014 Heather Tawes Nelson

Scottsdale AZ Single Family Home Sales – July 2014

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

Scottsdale Homes For Sale with ViewsReal estate activity in Scottsdale slowed a bit as we moved trough the month of July, although sales were still respectable. During this low-demand time of year, we tend to see slower sales activity as well as a large number of homes being taken off the market.

SCOTTSDALE HOME SALES ACTIVITY – JULY 2014

The graph below depicts the previous 12 months of home sales activity in Scottsdale. Three categories of data are shown:
– Single-family homes for sale are represented in red.* 
– Pending home sales are represented in green.*
– July Home Sales are represented in purple.

Scottsdale Home Sales Chart July 2014


JULY 2014 RESULTS

  • Active Scottsdale Homes for Sale: We saw the active inventory drop again in July by 6.2% to 1,920. This is the lowest it has been this year.
  • Pending Homes Sales in Scottsdale: The number of pending sales at the end of month dropped to 305. Again, this is not surprising based upon the time of year.
  • July Home Sales in Scottsdale: 401 homes sold in July. And although this is off of last month’s high, it is still the fourth strongest sales month in the past year.

The following section maps out the rate of change month to month for each set of data as well as sales prices as compared to list prices.

The upper chart looks at how activity increased or decreased in comparison to the previous month. As you can see for July, inventory was down as well as pending sales and sales in comparison to June.

Below that is a look at what homes sold for in comparison to what they were on the market for. This figure has been trending in the 95-96% range for the past year. And in July, buyers received an average discount of 3.7% off of asking prices.

Scottsdale Real Estate Stats July 2014

Overall, July held its own in terms of sales, even though they were lower than June. Inventory and pending sales also decreased, but most of this is based on seasonality.

 

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  8/1/2014 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

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