Scottsdale Blog

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 an incredible time to be a buyer in the Scottsdale real estate market. If you ...

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 inviting Frank Lloyd Wright-influenced Desert Lodge Clubhouse; a complete fitness center; four Har-Tru tennis courts; ...

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 use Market Based Pricing to sell the memberships of those who want out of the ...

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 Sale: 47.87% Short Sales, 16.54% Foreclosures & 35.59% Normal Sale. 1,894 Homes Sold Monthly: 24.18% Short ...

Highlights of US Housing Trends Existing home sales rose 7.7% in August. Condominium and co-op sales rose 1.8%; single-family home sales rose 8.5%. The median existing home price declined to $168,300, from $174,000 in July. Existing home sales in the West region saw the biggest gains, up 18.3% month over month. New home sales declined 2.3% in August; the median price was $209,100. The overall inventory of unsold homes fell ...

WOW: Total active listings have dropped by another 565 units over the beginning of last month. As of September 10, we sit at 27,085 Actives for Single Family Homes and Condos. Sales are at 8498 for the last 30 days (as of September 10), down by 271 from July. We are currently sitting at a 3.1 months of supply. If you subtract out the AWC Contracts (which are included in ...