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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)
Another day at WORK. Ahhhh...head to the backyard and listen to the recently passed Jimmy Buffett and Margaritaville. Do you need your own back yard to relax and enjoy the sunset, put your feet up and sip on a margarita? (Photo: Margarita Bar, Paul Brennan,Pixabay) Scottsdale Arizona has great backyard HOMES and SUNSETS...I sell both of them but not the margaritas.  Buying your own home in Sunny Scottsdale Arizona or the entire Valley of the Sun in the Phoenix metro is the way to go! In the center of Arizona 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...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Get Ready for Smaller, More Affordable HomesHave you been trying to buy a home, but higher mortgage rates and home prices are limiting your options? If so, here’s some good news – based on what Ali Wolf, Chief Economist at Zonda, has to say – smaller, more affordable homes are on the way: “Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available.” In some ways, smaller homes are already here. When the pandemic hit, the meaning of home changed. People needed the space their home provided not only as a place to live, but as a place to work, go to school, exercise, and more. Those who had that space were more likely to keep it. And those that didn’t were in a position where they were trying to sell their smaller h...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Mortgage Rates: Past, Present, and Possible FutureIf you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.Giving Context to the Sticker ShockFreddie Mac has been tracking the 30-year fixed mortgage rate since April of 1971. Every week, they release the results of their Primary Mortgage Market Survey, which averages mortgage application data from lenders across the...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
This month's challenge for September involves writing a series of blogs.  And of course my topic is energy efficiency!  This is a part of real estate that I LOVE to share as everyone can benefit, including my friends in real estate!   There are so many differences in homes these days because we've never had a more diverse housing stock.  Homes in today's housing supply run the gamut - from extremely inefficient very old homes to net zero!  Homes that use a ton of energy to homes that produce as much energy as they use.  To be fair,  you'd have to know what features are in an Energy Efficient Home. An energy efficient home can be a new home but can also be an existing home that has received energy efficient retrofits.  To be energy efficient, a home needs:To use less energy than other ho...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
You say you don't want to have to worry about maintaining a yard? Like to take trips and be able to just "lock and leave"? See 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: Backyard Lawn Mower Insa Osterhagen, Pixabay)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. According...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Living on a golf course can be nice, however a home that is too close you may be ready to DUCK or put up a net for those errant shots now and then. Hovever, GOLF + GREENERY + SCOTTSDALE = A Golf Course lot home in Scottsdale Arizona! You will enjoy the serenity of living on a golf course...Nice! (Photo: David Mark, Pixabay)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? Also, check out Scottsdale waterfront homes for sale. Call/Text m...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Scottsdale AZ Real Estate Housing Market Report for July 2023: After increasing the last 3 months, the average sales price of Scottsdale homes has decreased this month, going from $1,498,271 in June, to $1,347,959 in July. This is the third time this year that the average sales price of Scottsdale homes has decreased and is now just a little over a thousand dollars from where it was in December of 2022. Click on the image below to read the full article and see what is going on in the Scottsdale Arizona real estate market.   The average sold price of Scottsdale homes per square foot has also decreased after increasing for three straight months, going from $457/sf in June to $442/sf in July. This the third decrease this year. After decreasing in April and May, Scot...
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
- Scottsdale Luxury Home Market Performance for July 2023 - Activity tapered off again during the month. As I mentioned last month, this is due to seasonality and homeowners taking their homes off of the market during the summer months. But, we did see some mixed good news with pending contracts. This analysis covers the luxury home market in Scottsdale. We track four sales statuses on a monthly basis and have broken them down into price ranges to provide more detail. - JULY 2023 - Scottsdale Homes Priced Between $1,000,000 - $1,499,999 - Active Scottsdale Homes on the Market: Inventory has been steadily falling since January. We are well below the 12 month average of 214.- UCB Scottsdale Home Sales: UCBs fell in July to close out the month with 34 in the pipeline.- Pending Scottsdale H...
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By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
- July 2023 Scottsdale Homes for Sale and Home Sales - July was a slower month for the Scottsdale real estate market. This is not surprising as we usually see a slowdown in sales activity during the hot summer months. However, low inventory and higher interest rates may also be contributing as well. SCOTTSDALE HOME SALES ACTIVITY – JULY 2023 Every month, we track the following four sales statuses: - 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 homes in UCB status at the end of the month. - Pending home sales - Yellow Line - How many homes were in pending status at the end of the month.*- Home Sales - Blue Line - The number of home sales during the mo...
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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 looking to move to Sunny Scottsdale Arizona, find things to do  AND Find Homes For Sale? You have come to the right place! Visit and hike the cool West Fork Trail and the Oak Creek in Sedona 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. (Photo Scottsdale: Camelback Mountain at Sunset, courtesy Scott Amonson)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.Things to do in Scottsdale and Phoenix MetroI love these "Things To Do in Ari...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
The term Baby Boomer is actually an endearing phrase for me since I am one of them!  I remember somewhere in my mid-20's hearing of the term "baby boomer" and thought it was pretty cool to be in that generation.  But what does it mean?   Most people recognize baby boomers as having been born after World War II, from 1946 - 1964.   Trying to imagine what that time period was like immediately after a World War isn't like sharing factual information.  But from what I read, armed forces were back at work, production hit a high point, and a LOT of babies were born!   In 1946 alone, 3 million of them!  That noticeable increase in birth rate is the reason baby boomers ended up with that title! But boomers were labeled as such in other countries, too.   I remember a time of "affluence," growing...
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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 prefer gates and walls where you live? 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 Entrance 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 free Arizona MLS Search Portal. Let me help you as your Buyer's Real Estate...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Today, a trusted vendor sent me a video to a well-known inspirational professional speaker.  That speaker shared a video from Earl Nightingale.  Listening to that YouTube video took me back to my days in the insurance business.  My "boss" would listen to those tapes in his car and his office.    The insurance office was located on the top floor  in what was once a cotton trading section of the building.  The ceilings must have been 25' tall, reminding me of a time in the early 1990's when I visited the New York Stock Exchange on Wall Street.  It was a feeling of being in an important place, at an important time.  But I digress! The top insurance agent for whom I worked was an avid listener of Earl Nightingale.  He would travel Western Kansas, selling insurance policies to farmers.  Thes...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool. Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Four Ways You Can Use Your Home EquityIf you’re a homeowner, odds are your equity has grown significantly over the last few years. Equity builds over time as home values grow and as you pay down your home loan. And, since home prices skyrocketed during the ‘unicorn’ years, you’ve likely gained more than you think.According to the latest Equity Insights Report from CoreLogic, the average homeowner has more than $274,000 in equity right now. That much equity can help you achieve certain goals. In a recent article, Bankrate elaborates: “While the pandemic created serious challenges, the silver lining for anyone who owned a home was the sizable equity gain. Understanding how home equity works, and how to leverage it, is important for any homeowner.”Here are a few examples of how you can put...
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