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 Michael Orr, creator of the Cromford Report. Both have in-depth local real estate knowledge on the state of the Scottsdale real estate market. Michael Orr said the market has stabilized and he expects modest positive indicators within the next 3 or 4 months. “They’re definitely not going up, but they’re not going down either,” Orr said.
No one expects prices to rise quickly but they could as soon as next year. Scottsdale foreclosures for sale are dropping and we are already through the worst. Scott Golba, who owns a property management firm and is an expert on residential rentals, was practically jubilant. “This is not the time to go out and buy one home. It’s time to buy two or three homes,” Golba said.
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
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.
