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Scottsdale, AZ Real Estate News

By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- March 2024 Scottsdale Homes for Sale and Home Sales - Now that it is the high season, we are seeing lots of sales activity in Scottsdale. Inventory, contracts and sales were all up. SCOTTSDALE HOME SALES ACTIVITY –  MARCH 2024 Each month, we look at the following four items related to home sales: - Single-family homes for sale - Orange Line - How many homes were on the market at the end of the month. - Under contract, but accepting backup offers (UCB) - Gray Line - The number of UCB contracts there were at the end of the month. - Pending home sales - Yellow Line - How many pending sales there were at the end of the month.*- Home Sales - Blue Line - How many homes sold during the month. MARCH 2024 RESULTS Scottsdale Homes for Sale: Inventory fell slightly by the end of the month. Howev...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Is It Getting More Affordable To Buy a Home?Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says:“We’re slowly climbing our way out of an affordability hole, but we have a long way to go. Rates have come down from their peak and are expected to fall again by the end of the year, which should make homebuying a little more affordable and incentivize buyers to come off the sidelines.”1. Mortgage RatesMortgage rates have been volatile this year – bouncing around in the upper 6% to low 7% range. That’s still quite a bit higher than where they ...
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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? Many do. Are you thinking of moving to Sunny Scottsdale Arizona? Here are Scottsdale Single Family Homes For Sale UPDATED DAILY!  In Scottsdale Arizona you will be living in one of the best cities to live in in America. Come for a Visit and hike the cool West Fork Trail and the Oak Creek in Sedona which is only 90 miles from Scottsdale. Scottsdale and Phoenix are in the center of the state with easy access to the high country and the deserts. 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.Sunny Scottsdale Arizon...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Do you love walls, gated entries and/or guarded entries? Do you also Love Sunny Scottsdale Arizona? Putting both together, here are the latest Scottsdale Homes For Sale in Gated or Guarded Communities homes for sale on the MLS and ALWAYS UP TO DATE. 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: Guard Gate  at Gainey Ranch- Jeff Masich)Scottsdale Arizona Homes with Gated Entrance or Guarded Communities ALWAYS UP TO DATE on the MLSFor FULL PAGE view UPDATED DAILY Scottsdale Homes For Sale in Gated or Guarded Communities and feel free to "filter" or create your own personalized fr...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Are you ready to move to Sunny Scottsdale Arizona and buy a pool home and find new things to do? We have Pool homes for sale in Scottsdale UPDATED DAILY on the MLS.  No need for mosquito nets over the pool like Florida. Why? It is a DRY heat. You have come to the right place! There is so much to do in and near Scottsdale. Visit and hike the cool West Fork Trail and the Oak Creek in Sedona only 90 miles from Scottsdale. Scottsdale and things to do in neighboring Phoenix are in the center of the state with easy access to the high country and the deserts. Read on!Pool homes for sale in Scottsdale                                               Homes for sale with a pool in Scottsdale, Arizona on the MLS UPDATED DAILY with a FULL SCREEN VIEW and create your own FREE MLS PORTAL in Arizona with...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Proven Strategies for Buying a Home in a Volatile Housing Market Nancy Ella, reports on our constantly changing housing prices, and mortgage rates. Several strategies can help potential homebuyers navigate the uncertainty. These strategies include:1. **Monitor Mortgage Rates**: Keep a close eye on mortgage rates and consider asking your lender about a "float down" option, which can protect you from rate increases while allowing you to benefit from a lower rate[1].2. **Diversification**: Diversifying your real estate portfolio across different property types, locations, and investment strategies can help mitigate risk in a volatile market[2].3. **Stay Informed and Attend Local Meetings**: Monitor news and the Federal Reserve's interest rate decisions to stay informed about market trends....
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
In 2024, the impact of interest rates on the housing market remains a critical factor influencing the decision to buy a home. Interest rates play a pivotal role in shaping the affordability and attractiveness of homeownership. Several key reasons highlight the significance of interest rates in the home buying landscape.First, interest rates directly affect the cost of borrowing. In a higher interest rate environment, like 2023, mortgage rates rose, making home loans more expensive. This can result in increased monthly mortgage payments, potentially pricing some prospective buyers out of the market. Conversely, lower interest rates can make homeownership more accessible by reducing the overall cost of financing, which we have seen in the past 90 days (rates getting lower again).Secondly,...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
As of today, January 18, 2024, there are 1,816 homes in Scottsdale, Arizona for sale. There are 442 homes for sale priced between $1 and $2 million in Scottsdale for sale.   Homes available in Scottsdale range from a $33,900 mobile home on leased land to a $32 million mansion on a two acre parcel built in 2023!   There is truly something for everyone!  The main chart shows that every city in Maricopa County (3 in Pinal County) have seen increases in Cromford Market Index.  Any number over 110 reflects a sellers market.  A bit about Scottsdale -  Scottsdale, Arizona was founded in 1951 and is named after Winfield Scott who came to Arizona in 1888.  Scott purchased 640 acres in what is now an area just north of Old Town Scottsdale.   He's also responsible for planting peanuts and citrus i...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
The Advantages of Homeownership: Why Owning is Better than Renting The age-old debate between homeownership and renting has been a topic of discussion for decades. While both options have their merits, this essay explores the numerous advantages of homeownership, making a compelling case for why owning a home is often a superior choice to renting. Equity Building: One of the most significant benefits of homeownership is the opportunity to build equity. When you pay a mortgage, you are investing in an asset that can appreciate over time. This contrasts with renting, where monthly payments contribute solely to the landlord's equity. Homeownership allows individuals to accumulate wealth through property appreciation, which can be a valuable asset in the long term. Stability and Control: O...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Home Prices Forecast To Climb over the Next 5 Years [INFOGRAPHIC]Some Highlights If you’re worried about what’s next for home prices, know the HPES shows experts are projecting they’ll continue to rise at least through 2028. Based on that forecast, if you bought a $400,000 house this year, experts say it could gain over $72,000 in equity over the next five years. If you're worried about falling home prices, don't be. Many experts forecast they'll keep rising for years to come. If you have questions, let’s connect.
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
What Lower Mortgage Rates Mean for Your Purchasing PowerIf you want to buy a home, it's important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below):  This recent trend is great news for buyers. As a recent article from Bankrate says:“The rate cool-off somewhat eases the housing affordability squeeze.”According to Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for Housing America at the Mortgage Bankers Association (MBA):“MBA expects that affordability conditions will continue to improve as mortgage rates decline . . .”Here’s a bit more c...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Views of local landmark Camelback Mountain are prominent from McCormick Ranch one of the best places to live in Scottsdale Arizona. It is where YOU WANT TO LIVE! Think of this home at 8020 72nd Place, Scottsdale adjacent to the entrance of the Ranch. This is the least expensive at $699K 2500+sf pool home in the area beween McCormick and Gainey Ranches. (Photo by Jeff Masich: home for sale 8020 N 72nd Place on edge of McCormick Ranch for $699K plus $699/mo land lease.)Buy a home with your own 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...
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
- December 2023 Scottsdale Housing Market Video - Here is a less than a minute video overview of the Scottsdale, Arizona single-family home real estate market that covers the month of December. December 2023 - Video Scottsdale Active Listings Inventory was back down at the end of December, closing out at 966 homes for sale, representing a 14.4% decrease. However, if we compare December 2023 to 2022, the number of listings was very similar. Average List Price for Scottsdale Homes I used to use median list price data, but I no longer have access to that information. As a replacement, we will use the average list price. (Technically, the median price is a better indicator since the average price can skew one way or the other due to extremely cheap or extremely high list prices, but this wi...
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By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- December 2023 Scottsdale Homes for Sale and Home Sales - December saw declines on all fronts this year. In some previous years, we have seen an uptick in sales as buyers who wanted a new home before the end of the year made it happen. However, we did not see that same trend this year. SCOTTSDALE HOME SALES ACTIVITY – DECEMBER 2023 We track the four sales metrics on a monthly basis: - Single-family homes for sale - Orange Line - The number of homes on the market at the end of the month. - Under contract, but accepting backup offers (UCB) - Gray Line - How many homes were in UCB status at the end of the month. - Pending home sales - Yellow Line - The number of pending contracts at the end of the month.*- Home Sales - Blue Line - The number of homes that closed during the month. DECEMBER...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Tired of the condo living. No place for your bicycle, BBQ grill, lawn chairs?Time to move to Sunny Scottsdale Arizona and your own home with a BACKYARD? (Photo: Backyard by Rudy, Pixabay) Scottsdale Arizona has great backyard HOMES and SUNSETS...I sell both of them.  Buying your own home in Sunny Scottsdale Arizona or the entire Valley of the Sun in the Phoenix metro is the way to go! Live in the center of Arizona and multiple adventures await in all directions. Here are ALL Scottsdale Single Family Homes For Sale on the Arizona MLS UPDATED DAILY.As your Buyer's Realtor I can show you any of the these homes listed on the MLS listed by all brokers. I will also look out for YOUR best interests at no cost to you. Call or Text me at 480-242-6500 or email JeffMasich@ArizonaHomesLand.com with...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Achieving Your Homebuying Dreams in 2024 [INFOGRAPHIC]Some Highlights Planning to buy a home in 2024? Here’s what to focus on. Improve your credit score, plan for your down payment, get pre-approved, and decide what’s most important to you. Let’s connect so you have expert advice on how to achieve your home-buying goals this year.
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
It's an interesting time in real estate.  Now that 2023 is over and time to review, there is a reason for many common  aspects of real estate across the US!  Brian Buffini reports that 90% of homeowners have interest rates less than 6%; and 25% of homeowners have interest rates below 3%.  This explains why inventory has been low!   And during the housing recession home builders stopped building.  This aspect of housing also helped to create a current inventory shortage. The 2023 Year To Date Dollar Volume for the Phoenix housing market was higher than 2019 and slightly lower than 2020. All things considered, 2023 was a good sales volume year if you look at the trajectory from 2019 to 2023 and ignore the frenzied years of 2020, 2021 and half of 2022.  The housing frenzy was an anomaly as...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Luxury Valley Homes;What are your goals for 2024? Let’s connect and find a home that has enough room for you to reach your goals this year.
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Don't underestimate the significance of pre-approval if you're considering purchasing a home. Rather than jumping ahead to envision your new living room or enjoying your future all-season patio, make sure you prioritize this vital step by working with a reputable lender. Here's why it's crucial.Although home price growth is stabilizing and mortgage rates have recently decreased, affordability remains a challenge. Furthermore, there is a limited inventory of homes available for sale, leading to fierce competition among prospective buyers. However, with a strategic approach, you can navigate these circumstances successfully – and pre-approval is the key factor.Understanding the Importance of Pre-ApprovalTo comprehend why pre-approval is so essential, it's necessary to delve into its detai...
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By Chris Dunham, The Real Estate Guy™
(Brokers Hub Realty)
Welcome to your dream home in the highly sought-after 85254 zip code, offering the best of North Scottsdale living. Located just minutes from Kierland Commons, Scottsdale Quarter, Horizon High School, and more, this exquisite four-bedroom, two-bathroom residence is a true gem, nestled on an expansive 10,000+ square foot lot in a tranquil cul-de-sac.The open-concept floor plan fills the interiors with natural light, creating an ideal space for entertaining. Two sliding glass doors in the great room and a skylight in the kitchen seamlessly blur the lines between indoor and outdoor living. The primary suite is a luxurious retreat, featuring a spa-like bathroom with a skylight, an oversized shower, a separate soaking tub, and a spacious walk-in closet with a built-in safe for your treasures...
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