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5 Signs the Scottsdale Housing Market is Improving

November 26, 2012 by Carmen Brodeur

It’s been a long time coming, but good news is finally here for the Scottsdale housing market. Over the past 12 months, the Scottsdale real estate market has turned the corner. homes in scottsdale azThe prices of homes in Scottsdale have started to rise on a consistent basis. We are seeing better numbers than in the past four years.

Here are five positive signs that the Scottsdale housing market is definitely improving, and that it’s a good time to start buying.

1. Housing prices are on the rise across the country. Scottsdale has seen the biggest jump in home prices nationwide, as both home owners and home buyers show increased optimism in the market.

2. The amount of foreclosures has slowed. Most real estate analysts have stated that as foreclosed homes become more rare, the prices will naturally rise.

3. The number of homes for sale in Scottsdale is decreasing. Our for-sale inventory is at it’s lowest point in years. Nationwide, inventories of  homes listed for sale have dropped 24 percent in one year.

4. Mortgage rates are at all-time lows. For those who qualify for a mortgage, rock bottom interest rates are a huge incentive to buy in Scottsdale.

5. Home affordability is once again setting record highs for median income families, particularly due to the record low mortgage rates. Recent studies have shown that buying a home is now more affordable than renting in almost every major city. The housing market in Scottsdale is obviously improving, because buyers can save by owning a home in Scottsdale, rather than renting.

If you have been cautious about purchasing a home in Scottsdale because of the troubled housing market, it is time to reconsider. Scottsdale, even as one of the hardest hit cities in the nation, is making a strong comeback. Take advantage while prices are still low and own your dream home or vacation home in Scottsdale.

Give me a call today at (800)-300-0263, and schedule an appointment to see homes in any Scottsdale community.

Carmen Brodeur
Realtor, Attorney
The Brodeur Luxury Group, Trillium Properties
8755 E Bell Road, Suite 108, Scottsdale AZ 85260
Cell (602) 791-0536
Direct (800) 300-0263
Carmen@TopScottsdaleHomes.com

www.TopScottsdaleHomes.com

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Meet Carmen

Carmen Brodeur Scottsdale RealtorVoted #1 Real Estate Agent in Arizona by the readers of Ranking Arizona Magazine in 2017. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Your Scottsdale Real Estate Connection

Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

Our Office

We are conveniently located in North Scottsdale close to Loop 101.

Trillium Properties, LLC
9825 E Bell Road, Suite 120
Scottsdale AZ 85260
Office (800) 300-0263
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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