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All-Cash Sales Gain Prevalence in Scottsdale Real Estate Market

August 26, 2013 by Carmen Brodeur

Scottsdale is a popular city for investors, snowbirds, retirees and other wealthy homebuyers. Because of its resort atmosphere and abundance of luxury homes in a unique desert atmosphere, the Scottsdale real estate market has always attracted affluent full-time and part-time residents. Many Scottsdale home purchases have been made mortgage-free. Today, the number of all-cash home sales has risen in Scottsdale and across the country, doubling what it was since before the housing crash.

scottsdale real estate marketAccording to a report from Goldman Sachs Group, more than half of homes nationwide have been purchased without financing in the past year. Seven years ago, all-cash purchases made up 20 percent of all home sales. That number has since gained over 30 percentage points. All-cash sales now dominate the Scottsdale real estate market and other markets as well.

This provides some explanation for the recent increase in home sales. The jump in all-cash sales is more difficult to explain. Mortgages have become more difficult to obtain since the market crash, and foreign buyers and investors may want to forego financing with a mortgage. Investors and international homebuyers are especially dominant in the Scottsdale real estate market. A large number of luxury homes in North Scottsdale are purchased with cash by these types of buyers.

The Scottsdale real estate market is in the middle of its upturn. Now is the perfect time to find your next dream home or to invest in a great property. If there are any Scottsdale homes that interest you, give me a call at (602) 791-0536 or email Carmen@TopScottsdaleHomes.com, and we can work toward setting up an exclusive showing of those homes. Learn more about housing trends by checking our Scottsdale real estate market trends page for updates.

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com

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Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2022. 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.

Trillium Properties, LLC
20715 N. Pima Road, Suite 108
Scottsdale AZ 85255
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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