On the surface, the preliminary numbers for October suggest it was quite similar to September. Looking at the ARMLS data across all areas and types we see the following: Sales per Month: 7,606 in October – down 5.9% from September but up 16.6% from this time last year. Active Listings (including AWC): 27,063 on October […]
Phoenix Real Estate Conference Highlights
The Crystal Ball Conference was held last week in Scottsdale. It includes prominent speakers from the Arizona real estate industry including over 500 Realtors, Brokers, Mortgage Brokers, and Economists. Michael Orr of the Cromford Reports was the featured speaker this year. Highlights of the Conference: · Data showing that REO (foreclosure) market is slowing down […]
Update on Scottsdale Foreclosures
New data has just been released regarding Phoenix and Scottsdale foreclosures: 1. Active Notices of default for residential properties as of the end of September ’11 were 22,301 units. Down from last month of 22,733. This is the 10th month in a row that we have seen decreases in the number of Active Notices. Down […]
Windgate Ranch Home Sales Steady
Windgate Ranch home sales have been steady through the recession, reported Toll Brothers today. Homes in Windgate Ranch have been selling at a modest pace despite the economic downturn. The builder reports that it has sold 270 homes over the past five years. That is 43 percent of the 633 lots available. Plus sales are […]
Mortgage Rates Fall Again to 4.10%
Mortgage rates on a 30 year fixed mortgage fell slightly to 4.10% from 4.11% last week. This is slightly higher than the record low in the rate, earlier this month. Three weeks ago, the rate dropped to 3.94%. That was the lowest rate EVER on record according to The National Bureau of Economic Research. What […]
What Sets Mirabel Golf Club Apart from the Rest
Scottsdale Az has many world- class golf clubs. Anyone looking for a Scottsdale golf community or golf club to join has many choices. Mirabel Golf Club is, however, one of the rare debt-free, member owned, operated and controlled private clubs in North Scottsdale. It offers a Tom Fazio- designed course; a 34,000 square-foot warm and […]
Scottsdale Golf Clubs Change to Market Based Pricing
If you are considering purchasing a Scottsdale home in a golf community, you should be aware that many Scottsdale golf clubs have changed from a set price for a golf membership to “market-based pricing”. This greatly affects the purchase price and value of the memberships in those Scottsdale communities. Estancia and DC Ranch both currently […]
Scottsdale Real Estate Appreciation Rates
Below are the Phoenix and Scottsdale real estate appreciation rates. This data is provided by the Cromford Report, the leading authority on residential market data. Phoenix Real Estate Annual Appreciation: -8.3% (Values are dropping/increasing at this rate.) Recent Appreciation Trend: -2.0% (The drop/increase in value is getting better or worse at this rate.) 4,625 Active Homes Listed For […]
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Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2025. 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.
