Scottsdale, AZ Real Estate News

By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- February 2021 Scottsdale Homes for Sale and Home Sales - The Scottsdale real estate market, already incredibly hot, had an even hotter February. Inventory is at unprecedentedly low levels. I have been doing this monthly report since 2007 and I have never seen anything like it. I can only imagine how much higher sales figures would be if there were more homes to sell. SCOTTSDALE HOME SALES ACTIVITY – FEBRUARY 2021 Every month, we follow these four items: - Single-family homes for sale - Orange Line - The number of homes for sale at the end of the month.- Under contract, but accepting backup offers (UCB) - Gray Line - The number of homes in UCB status at the end of the month.*- Pending home sales - Yellow Line - The number of pending sales at the end of the month.*- Home Sales - Blue Li...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Video on the Insights on the Budding Spring Housing Market - March 25, 2021 Experts agree the housing market is set to bloom this spring. Single-family and Condo/Co-op SalesSingle-family home sales decreased to a seasonally-adjusted annual rate of 5.52 million in February, down 6.6% from 5.91 million in January, and up 8.0% from one year ago. The median existing single-family home price was $317,100 in February, up 16.2% from February 2020.Existing condominium and co-op sales were recorded at a seasonally-adjusted annual rate of 700,000 units in February, down 6.7% from January and up 18.6% from one year ago. The median existing condo price was $280,500 in February, an increase of 12.3% from a year ago."This year, we've seen fair housing protections extended, recognized Realtors®' remar...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Today was a pivotal day for my professional advancement.  Feeling optimistic as today is the first of 6 classes to earn the High Performance Home Master Certification!   My calendar is set and my personal expectations are high to add more to my skillset.  I know this advanced knowledge will set me even farther apart from others in the field, but the base of my business will not change. Real estate has always been about solving problems, whether it's about a move or energy efficiency.  Solving how someone gets from point A to point B, effectively and efficiently to the best of my ability is key.   Maintaining the status quo has always included professionalism, integrity, thinking outside the box, and making sure everything is running smoothly.  What is unwritten is how clients feel about...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash.” The Freddie Mac report led to articles like the one published by The Real Deal titled, House or ATM? Cash-Out Refinances Spiked in 2020, which reports: “Americans treated their homes like ATMs last year, withdrawing $152.7 billion amid a cash-out refinancing spree not seen since before the 2008 financial crisis.” Wh...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the DC Ranch luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     DC Ranch in North Scottsdale, ArizonaMarch 22, 2021 Weekly Update Active listings increased to 20 homes. Average sale price per square foot increased to $373.28/SqFt. Average sale price as % of list price increased to 96.78%. Average sale price increased to $1,479,832. Highest priced home sold in past 6 months was for $4,200,000. Number of homes sold in past 6 months decreased to 60. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 February 2021 vs February 2020 Monthly Update Active listings decreased 54.36%. Months supply decreased 75.00%. ...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
North Scottsdale Real Estate Market Update for all listed homes in zip codes 85254, 85255, 85258, 85259, 85260, 85262 and 85266. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     North Scottsdale, ArizonaMarch 22, 2021 Weekly Update Active listings decreased to 690 homes. Average sale price per square foot increased to $321.15/SqFt. Average sale price as % of list price increased to 97.16%. Average sale price increased to $1,145,337. Highest priced home sold in past 6 months was for $24,100,000. Number of homes sold in past 6 months increased to 2,889. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week February 2021 vs February 2020 Monthly Update Active listings decreased 52.32%. Months supply de...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Thank you for the beautiful Scottsdale sunrise and sunset each and every day. It is so nice to live in Sunny Scottsdale Arizona with blue skies all year round, golf, great Arizona scenery and roads to tour on? Scottsdale is one of the best places to live in the United States and NO SNOW! No Snow....Thank you thank you, thank you! Sunshine, blue skies, beautiful vistas and great golf courses are just some reasons to live in Scottsdale   Here Comes The Sun in Arizona The Beatles Sing Here Comes The SUN with lyrics set at the Grand Canyon   Ten reasons to Give Thanks and to move to ScottsdaleScottsdale has awesome weather year round. Located in central Arizona, Scottsdale is a perfect hub to explore the great desert southwest. A resort atmosphere awaits with resort hotels, golf, family liv...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Americans See Major Home Equity Gains [INFOGRAPHIC] Some Highlights Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your equity toward a down payment on the home of your dreams.
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
OK, the weather is REALLY nice now with Scottsdale temperatures in the upper 70s and lower 80s. You have been cooped up too long! Time to get outside and go for a hike in the 60+ miles of hiking trails in Scottsdale Arizona's McDowell Mountains and you may want to also live in McDowell Mountain Ranch or a nearby home in Scottsdale.  McDowell Mountain Regional Park in Scottsdale Arizona, a place to explore and enjoy the beauty of the great desert Southwest.   McDowell Mountain Ranch in Scottsdale Arizona is home to multiple trailheads in McDowell Mountain Regional Park leading to 60 miles of trails in the neighboring mountain preserve and is also one of the best family communities in Arizona.   Map of McDowell Mountain Regional Park and the McDowell Mountains The McDowell Mountains have ...
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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 Scottsdale Arizona? Whether living near the downtown entertainment district or Kierland, on a golf course there is a condo, townhome or patio home waiting for you! Here are the latest and greatest condos for sale in Scottsdale with a FREE MLS List and Free MLS search where you can set up your own personal portal. (Photo: Scottsdale Downtown- Parsons Villas- Pixabay) Scottsdale Arizona "Lock and Leave" Condos and Townhomes For Sale on MLS Scottsdale condos, townhomes and patio homes for sale on the MLS for FULL PAGE View and create your own FREE MLS SEARCH PORTAL Map of Scottsdale Arizona Scottsdale Arizona, one of the best places to live in the US! No matter if you choose to live in Old Town and the entertainment district or near one of the many Scottsdale resorts or near or...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Want to see March Million Dollar Homes in Sunny Scottsdale Arizona? See what $1 million gets for you for a home in Scottsdale Arizona in March 2021 and updated here all year? These are the latest and always up to date Million Dollar Plus luxury homes for sale in Scottsdale, Arizona, one of the best places to live in the US!Have a Million Dollars? Scottsdale Arizona with many "Lap of Luxury" custom homes selling in excess of $1 million is consistently selected as one of the best cities to live in America by outside rating services. Why? Well, it has been selected as one as the best places to raise a family, "foodie cities", golf resort destinations and is home to beautiful views, sunsets, sunny skies, near Phoenix, hiking and more. Is Scottsdale living for you? Then it is time to think a...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Are We Going to See A Fallout from PPP infused cash?   Following trends in finance and the housing industry, you might start to wonder if money paid by the government has been keeping people afloat that might otherwise be foreclosing on their homes.  You would be right in that assumption.  You’d also be right that bankruptcy’s have slowed for the same reason.Since the infusion of cash from the government, foreclosure filings dropped in April, 2020 in the Phoenix metro area.  This scenario is playing out all over the country.   But the key factor to remember is that foreclosures were a tiny percentage of Phoenix home sales in March, 2020.  To give you an idea, in March, 2020 there were 8868 home sales and of that number, 31 were foreclosures.  A year later in March of 2021, there were 10...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Windy Walk Estates luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Windy Walk Estates in North Scottsdale, ArizonaMarch 15, 2021 Weekly Update Active listings remained at 6 homes. Average sale price per square foot increased to $405.04/SqFt. Average sale price as % of list price increased to 95.67%. Average sale price increased to $1,723,812. Highest priced home sold in past 6 months was for $2,120,000. Number of homes sold in past 6 months decreased to 8. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 February 2021 vs February 2020 Monthly Update Active listings decreased 54.36%. Months supply d...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Desert Mountain luxury home community in North Scottsdale, Arizona 85262. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Desert Mountain in North Scottsdale, ArizonaMarch 15, 2021 Weekly Update Active listings decreased to 94 homes. Average sale price per square foot increased to $473.39/SqFt. Average sale price as % of list price increased to 96.31%. Average sale price increased to $2,499,150. Highest priced home sold in past 6 months was for $10,020,000. Number of homes sold in past 6 months increased to 133. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85262 February 2021 vs February 2020 Monthly Update Active listings decreased 49.77%. Months supply d...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
North Scottsdale Real Estate Market Update for all listed homes in zip codes 85254, 85255, 85258, 85259, 85260, 85262 and 85266. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     North Scottsdale, ArizonaMarch 15, 2021 Weekly Update Active listings increased to 702 homes. Average sale price per square foot increased to $319.50/SqFt. Average sale price as % of list price increased to 97.09%. Average sale price increased to $1,133,392. Highest priced home sold in past 6 months was for $24,100,000. Number of homes sold in past 6 months increased to 2,883. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week February 2021 vs February 2020 Monthly Update Active listings decreased 52.32%. Months supply de...
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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 Beckons! (Photo: Scott Amonson). Here are more with the always current Marvelous McCormick Ranch homes for sale in Scottsdale Arizona on the MLS. What is there not to like about living in Scottsdale Arizona and McCormick Ranch?McCormick Ranch was the first multi builder planned community built in the United States with amenities such as parks, golf courses, bike trails, underground power lines, lakes, resort hotels, excellent schools and more. McCormick Ranch was one of the first multi builder Property Owner Association (POA) communities built in the US with lakes, bike paths, parks, retail and all types of residential homes. Built on the former McCormick Ranch cattle ranch it is flanked by Camelback Mountain, resort hotels and custom homes of Scottsdale and Paradise Val...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
 The housing market has a lot to offer both buyers and sellers right now. Let's connect to make sure you have the resources you need for the spring season.
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
McDowell Mountain Ranch in Scottsdale is the place to be and here are the March 2021 MLS listings with the always current homes for sale. Dreaming of moving to Scottsdale Arizona and McDowell Mountain Ranch, like living in a resort? Your kids will love it. McDowell Mountain Ranch is the place to buy a great family home. See the latest homes and always up to date in McDowell Mountain Ranch Scottsdale for sale right here! McDowell Mountain Ranch, Scottsdale Arizona Homes For Sale on MLS Updated McDowell Mountain Ranch in Scottsdale detached homes for sale, see link for FULL PAGE view and create your own FREE Arizona MLS SEARCH PORTAL  McDowell Mountain Ranch Homes For Sale are some of the most popular in Scottsdale for families. The McDowell Mountain Golf Club has been voted as one of the...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Windgate Ranch luxury home community in North Scottsdale, Arizona 85255 Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Windgate Ranch in North Scottsdale, ArizonaMarch 8, 2021 Weekly Update Active listings increased to 8 homes. Average sale price per square foot increased to $348.80/SqFt. Average sale price as % of list price increased to 98.30%. Average sale price increased to $1,217,683. Highest priced home sold in past 6 months was for $1,950,000. Number of homes sold in past 6 months remained at 46. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 February 2021 vs February 2020 Monthly Update Active listings decreased 54.36%. Months supply decreased...
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By PR Partners, Arizona Luxury Realtors, Luxury Homes & Properties
(Launch Real Estate)
Real Estate Market Update for the Desert Highlands luxury home community in North Scottsdale, Arizona 85255. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Desert Highlands in North Scottsdale, ArizonaMarch 8, 2021 Weekly Update Active listings decreased to 17 homes. Average sale price per square foot increased to $364.31/SqFt. Average sale price as % of list price increased to 97.66%. Average sale price increased to $1,742,351. Highest priced home sold in past 6 months was for $4,100,000. Number of homes sold in past 6 months remained at 39. Average Sales PriceMay 2013 - Present by Week Average Sales Price/SqFtMay 2013 - Present by Week 85255 February 2021 vs February 2020 Monthly Update Active listings decreased 54.36%. Months supply dec...
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