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Scottsdale, AZ Real Estate News

By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
The Best Time To Sell Your House Is When Others Aren’t SellingIf you’re thinking about selling your house, you should know the number of homes for sale right now is low. That’s because, this season, there are fewer sellers listing their houses for sale than the norm.Looking back at every April since 2017, the only year when fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April (see graph below):While there are a number of factors contributing to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Love Scottsdale Arizona? Here are Condos, Townhomes, Patio Homes for sale in Scottsdale on my FREE Arizona MLS and UPDATED DAILY. You will have access to a Free MLS search where you can set up and filter your own personal portal and contact me as your Buyer's Realtor to see any of these homes. (Photo: Condos at Fashion Square Mall Old Town Scottsdale by Bonandbon, Freepik)UPDATED DAILY Scottsdale Arizona Patio Homes, Condos & Townhomes For Sale on MLS Scottsdale condos, townhomes and patio homes for sale UPDATED DAILY on the MLS for FULL PAGE View and create and filter your own Arizona FREE MLS SEARCH PORTAL and contact me as your Buyer's Realtor to see these homes Do you love Scottsdale Arizona? Most people do. Accordingly, sunny Scottsdale is the most expensive city to buy a single fa...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Scottsdale Housing Market statistics are provided by subscription to the Cromford Report.  The Cromford Report includes all sales from the Maricopa County Assessors office, northern  Pinal County and southern Yavapai County.  With the housing frenzy in the rear view mirror, the current Scottsdale housing market statistics for homes over $3 million in 85262 are surprising.  For homes in that zip code over $3 million, active listings have picked up to 31 homes.  For a zip code of 12,701 primary and secondary home owners, this is not a large number.  Given that there were 25 in February of 2020, this is not a huge increase.   By comparison, this chart by square foot shows all of the active listings in Scottsdale.  There are 98 homes available in Scottsdale from 5,000 to 6,000 square feet. ...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
It May Be Time To Consider a Newly Built HomeIf you’re looking to buy a house, you may find today’s limited supply of homes available for sale challenging. When housing inventory is as low as it is right now, it can feel like a bit of an uphill battle to find the perfect home for you because there just isn’t that much to choose from. If you need to open up your pool of options, it may be time to consider a newly built home. According to the latest data from the U.S. Census, there’s positive news when it comes to new home construction. When you look at the first three months of this year, you’ll find:  More new homes were completed and are ready to sell. This gives you more move-in-ready options for your search. Builders broke ground and started construction on more single-family homes. ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
GOLF + GREENERY + SCOTTSDALE = A Golf Course home in Scottsdale Arizona! You will enjoy the serenity of living on a golf course...Nice! Have you dreamed about living on a golf course in Sunny Scottsdale, Arizona? Here are UPDATED DAILY Scottsdale golf course homes for sale on the MLS listed by all brokers. Check here for pictures, prices and details of single family detached homes, condos, townhomes and patio homes on golf course lots.   Golf, sunsets, cacti, patio looking on the fairway now we are talking. Like golf course water views? Check out Scottsdale waterfront homes for sale. Call/Text me Jeff Masich 480-242-6500 as your Buyer's REALTOR for any homes listed on the MLS. (Photo: Haidi B, Pixabay) Scottsdale golf course homes with great views are very nice! Scottsdale Arizona Golf...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Reasons To Sell Your House Today [INFOGRAPHIC]Some Highlights Not sure if selling your house is the right move today? You should know there are a number of reasons it still makes sense to sell now. Your house will stand out because inventory is low. That’s why the number of offers on recently sold homes is on the rise. And most homeowners have a lot of equity that can fuel a move. If you’re thinking about selling your house, let’s connect to discuss if now may be the time to move.
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
A Recession Doesn’t Equal a Housing CrisisEverywhere you look, people are talking about a potential recession. And if you’re planning to buy or sell a house, this may leave you wondering if your plans are still a wise move. To help ease your mind, experts are saying that if we do officially enter a recession, it’ll be mild and short. As the Federal Reserve explained in their March meeting: “. . . the staff’s projection at the time of the March meeting included a mild recession starting later this year, with a recovery over the subsequent two years.” While a recession may be on the horizon, it won’t be one for the housing market record books like the crash in 2008. What we have to remember is that a recession doesn’t always lead to a housing crisis.To prove it, let’s look at the historic...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Buyer Activity Is Up Despite Higher Mortgage RatesIf you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much buyer demand has increased in recent months (see graph below):As the graph shows, the first two months of 2023 saw a noticeable increase in buyer traffic. That’s likely because the limited number of homes for sale kept shoppers looking for homes even during colder months.To help tell the story of why the latest report is significant, let’s compare foot traffic this February with each February for...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Why Buying a Home Makes More Sense Than Renting TodayWondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been climbing pretty steadily since 1988. And, data from the latest rental report from Realtor.com shows rents continue to grow today, even though it’s at a slower pace than we saw at the height of the pandemic: “In March 2023, the U.S. rental market experienced single-digit growth for the eighth month in a row . . . The median asking rent was $1,732, up by $15 from last month and down by $32 from the peak but is still $354 (25.7%) higher than the same time in 2019 (pre-pandemi...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Explore Scottsdale Arizona and Buy a Home! There is so much to do in Scottsdale and did I mention the the SUN? Take a hike, play some golf, a jeep tour, art walk, climb Camelback Mountain. However there are plenty of OTHER things to do as well. You may wish to bookmark or save this blog link if you are planning to visit or move to Arizona.... Read on....(Photo: Scottsdale Police and Fire HQ by Jeff Masich)More things to do in ScottsdaleI love these "Things To Do in Arizona" focusing on Scottsdale and the Phoenix metro area right in the middle of the state with access to the Grand Canyon to Sedona and the lakes and pine tree country of the Mogollon Rim.While you are here Buy a Home in ScottsdaleSunny Scottsdale Arizona Homes For Sale on MLS and ALWAYS UP TO DATEFor FULL PAGE view and fil...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Inflation Reduction Act - The Real Cost is $1.2 TrillionThe Inflation Reduction Act proves to be an Inflation Barn Burner that will make home prices rise and mortgage prices soar. We'll see an increase in stringent energy code regulations that will do little to provide meaningful savings for residential homes other than increase housing prices. We may see a tax credit for replacing your gas stove with an electric stove. Electric costs are rising so the cost of living expenses will increase.Penn Wharton Reassesses Impact of Inflation Reduction Act - Let’s revisit the blunder that costs more than three times the estimates. Wall Street Journal: The Inflation Reduction Act may go down as one of the greatest confidence tricks on taxpayers in history. Democrats used accounting gimmicks to cla...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Recently, I attended an all day class toward earning my Performance Management Network (PMN) designation.   This designation is offered courtesy of the Women's Council of REALTORS, Scottsdale Network.  Class time for this designation is 2 of 3 days, but I may attend all three sessions as this was that good!    The first class is "Effective Negotiating & Shifting Market."  We discussed the challenges of the current marketplace and how to overcome the negative headlines that aren't always accurate.  Lagging indicator attention grabbing headlines aren't obvious to readers.  But if  you know the source and how that company operates, you can better communicate the other side of the argument to the public.  Providing accurate, up to the minute answers to consumers better arms them to make inf...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Ways To Overcome Affordability Challenges in Today’s Housing Market [INFOGRAPHIC]Some Highlights With so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget. You can also work with a trusted lender to consider alternative financing options and search for down payment assistance. If you’ve been searching for a home but are concerned about rising costs, make sure you have a team of trusted real estate professionals for expert advice.
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Hello Mr. Smith, Welcome Home! No, not an Artificial Intelligence robot or a Ring Doorbell Greeting but an human Guard in a Gate in Scottsdale Arizona. Well, many people do PREFER living in guarded and gated entrances in Scottsdale Arizona. Here are Scottsdale Homes For Sale in Gated or Guarded Communities homes for sale on the MLS and ALWAYS UP TO DATE on the day you are reading this. These gated or guarded homes are in all price ranges. If you need a Buyer's Realtor that can show you a home listed by any Broker, I can represent you at no cost to find a home and/or obtain financing if you don't have it, for these homes on the MLS. (Photo: Gerd Altmann, Pixabay)Scottsdale Arizona Homes with Gated Entrance or Guarded Communities ALWAYS UP TO DATE on the MLSFor FULL PAGE view UPDATED DAIL...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
McCormick Ranch in Scottsdale Arizona is where YOU WANT TO LIVE! Buy a home with views of Camelback Mountain with the ALWAYS UP TO DATE  Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale on the day you are reading this. As your Buyer's REALTOR® in McCormick Ranch I can show you all homes listed by All Brokers and look out for YOUR best interests. Give give me a call/text at 480-242-6500 for more information (Photo: McCormick Ranch by Scott Amonson)Updated Daily on the MLS! McCormick Ranch in Scottsdale Arizona Detached Homes (Active, Pending, Sold Comps)For my Buyer Clients, I provide all Active, Pending and Recently Sold Homes on McCormick Ranch Scottsdale on MLS UPDATED DAILY for FULL PAGE view. Also, create your own FREE MLS SEARCH Portal in Arizona, my courtesy t...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Why You May Want an Energy-Efficient Home [INFOGRAPHIC]Some Highlights Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. Energy prices have increased over the last year, so look for energy-efficient features in your home search. If you’re looking to buy a home this year, let’s connect so you have a partner to help you consider which features are most important to you.
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
 - March 2023 Scottsdale Housing Market Video - Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of March. March 2023 - Video   Scottsdale Active Listings  The number of homes for sale at the end of March was up 127% compared to the previous March. However, in March 2022, our market was experiencing significant shortages in inventory. If we compare month-over-month, the number of listings was down 8% between the end of February and the end of March.  Median List Price for Scottsdale Homes  The median listing price is the price at which half of the listed homes have higher prices and half of the homes have lower prices.March's median listing price for Scottsdale was $1.4 million. This comes in lower than March 2022's $1.55 million, b...
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