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 […]
Scottsdale Real Estate Market Summary for September 2011
Market Summary for the Beginning of September as of September 3 by Mike Orr/Cromford Report news & Commentary August was similar to July but different from the first half of 2011. Apparently spooked by the debt crisis and the corresponding turmoil in the stock market, the middle and upper end of the market went quiet […]
New Normal in Scottsdale Real Estate Market May Be Painful
Below is an article from Partridge Partners. It is a pessimistic view of the Scottsdale Real Estate market, but I always like to present countering views, so I am publishing it in its entirety. My personal experience in selling homes in Scottsdale is much more positive. Inventory is down and buyers are coming from all […]
Scottsdale Real Estate Market Update – July 2011
Scottsdale Real Estate Market Summary for July 2011 Although we didn’t see the record-breaking sales numbers of June, July had plenty of positive news for market watchers. However, just as we discussed last month, pricing is one important exception to July’s positive results. No doubt much will be made of that by the housing doom […]
Phoenix and Scottsdale Housing Market
The following information is from The Partridge Partners Newsletter. It is a rather pessimistic view of what is happening in the Phoenix and Scottsdale real estate markets. However, I am always open to hearing both sides of every story, so I am presenting it in its unedited form. In metropolitan Phoenix, two-thirds of all […]
Many Scottsdale Sellers Overpricing Their Homes
It is common in Scottsdale AZ and elsewhere in the country for home owners who bought their homes in 2007 or later to over price their homes when trying to sell it. Those sellers often think they missed the worst of the Scottsdale real estate crash. They often think they can sell for an amount […]
Industry Experts Predict Rebound for Scottsdale Real Estate Market
The Arizona Regional Multiple Listing Service hosted an event recently with several residential and commercial Phoenix real estate experts. Over 170 people attended the event at the Camelback Inn. The consensus of the experts was that the Phoenix and Scottsdale real estate markets will rebound by 2013 or 2014. Experts included ARMLS CEO Bemis and […]
Scottsdale Housing Market Expected to Improve
Freddie Mac issued its U.S. housing market report last Monday and said that the housing market is unlikely to experience a “double-dip” setback. In the July U.S. Economic and Housing Market Outlook, Freddie Mac said that housing likely will follow the performance of the overall economy for the rest of 2011. The number of home […]
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