Here is the latest information from the Wilcox report about the current real estate market in Phoenix and Scottsdale:
February 2013 Existing Single-Family Sales Price Up, Again
The February 2013 median sales price in Greater Phoenix for existing single-family homes was up three percent over January 2013, and up to thirty-two percent over February 2012. The February 2013 median sales price was $180,236. The last time it was higher was in September 2008 when it was $184,000. There is still distance for the median sales price to climb. In February 2008, it was $280,000.
| Month and year | February 2012 | January 2013 | February 2013 |
| Median sales price | $137,000 | $175,000 | $180,236 |
Number of Sales
February 2013 sales were up twelve percent over January 2013, but down nine percent compared to February 2012.
| Month and year | February 2012 | January 2013 | February 2013 |
| Number of sales | 5,277 | 4,279 | 4,807 |
Distressed Sales Continue to Go Down
In February 2013, twenty-eight percent of sales were distressed sales, while in February 2012 distressed sales were fifty-three percent.
| February 2012 | February 2013 | |
| Short Sales | 29% | 16% |
| Lender Owned Sales | 22% | 10% |
| HUD Sales | 2% | 2% |
| Equity Sales | 47% | 72% |
Prices are just being pushed up on a continual basis. Quite simply, the longer you wait to buy a home in Scottsdale, the more you will pay.
Call me with any questions or to schedule an appointment to view Scottsdale homes for sale.
Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com
Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2023. 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.
