Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move. Maybe you’re in the same boat. But what if there was a way to offset these […]
Scottsdale Real Estate Market
Phoenix and Scottsdale AZ Luxury Condo Sales – May 2024
Luxury Condo Sales in Scottsdale and Phoenix – May 2024 May was a solid month for Scottsdale and Phoenix’s luxury condo market. Sales activity was up and we saw some new contracts and pendings. For this report, all of the condominiums had list prices of $1 million or more. ACTIVE LISTINGS AT THE END OF […]
Quick Video Update of the Scottsdale Real Estate Market – May 2024
– May 2024 Scottsdale Housing Market Video – Here is a quick video overview of the Scottsdale, Arizona single-family home real estate market that covers the month of May. May 2024 – Video Scottsdale Active Listings The inventory of homes for sale was down slightly by the end of the month. May ended with 1,225 […]
Scottsdale AZ Single Family Home Sales – May 2024
– May 2024 Scottsdale Homes for Sale and Home Sales – After a somewhat lackluster April, we saw further declines in activity in May. SCOTTSDALE HOME SALES ACTIVITY – MAY 2024 Each month, we review the sales activity for homes in Scottsdale. To glean a better understanding of the market, we track the following items […]
Mid-Year Market Update for 2024: What Buyers and Sellers Need to Know
Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024.1,2,3 Unfortunately, persistent inflation has delayed the central bank’s timeline and kept the average 30-year mortgage rate hovering around 7% so far […]
Scottsdale AZ Luxury Home Market – April 2024
– Scottsdale Luxury Home Market Performance for April 2024 – Home sales saw some nice increases in April, but new contract activity was a mixed bag. In this report, we examine the luxury home market in Scottsdale. All of these homes were priced at one million dollars or more. Since different price points can see […]
Phoenix and Scottsdale AZ Luxury Condo Sales – April 2024
Luxury Condo Sales in Scottsdale and Phoenix – April 2024 Scottsdale and Phoenix’s luxury condo market had a slower April when compared to March. Inventory was more or less level and new contracts and closed sales were down slightly. To be included in this report, all of these condo units had to have been listed […]
What’s Next for Home Prices and Mortgage Rates?
If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates. You’re wondering what’s going to happen next. And if it’s worth it to move now, or better to wait it out. The only thing you can really do is make the best decision you can […]
