An investment firm controlled by Bill Gates recently purchased a large tract of land in west Phoenix for $80 Million. The 25,000 acres will become a housing development called Belmont. It is 25 minutes west of downtown Phoenix, off of I-10 near Tonopah. The proposed community will be built as a “smart city” with advanced […]
Phoenix Condo for Sale Near Scottsdale and Paradise Valley
Looking for Phoenix and Scottsdale condos located close to the area’s best shopping, dining and amenities? Check out this great Phoenix Condo for Sale near Scottsdale and Paradise Valley! 11640 N Tatum Blvd 1085 Phoenix, AZ 85028 – This 1 bedroom, 1 bath condo in the gated condominium community of Aderra offers an ideal Phoenix […]
Phoenix Home Prices Approaching Levels Seen in 2004
If you bought any Scottsdale real estate before 2005, you may be pleased to find out that the value of your home is approaching what it was when you bought it. Phoenix home prices have been continuously rising. Though they have not yet peaked, Phoenix home prices have nearly reached pre-2005 levels. The Federal Housing […]
Scottsdale Market Improves, Fewer Homeowners Underwater
The Scottsdale market is continuing on its steady recovery. Across the Phoenix area, a smaller number of homeowners are underwater on their mortgages, and prices of homes are soaring upward. This, of course, includes the prices of Scottsdale homes, which are some of the most popular on the market. Figures from Zillow Inc. show that […]
Phoenix Real Estate Shows Largest Annual Price Gains
The Phoenix real estate market has shown the largest increase in home prices out of 20 metropolitan areas in the past year according to the Case-Shiller Index. As of February, prices of homes in Phoenix have risen 23% from February of last year. The rate from January to February was 1.1%, the second-largest monthly increase […]
Phoenix Foreclosure Rate Drops to 1.31% in February
In the Phoenix and Scottsdale areas, mortgage delinquencies continue to fall, and the Phoenix foreclosure rate is steadily dropping. Improvements shown in February from the previous year’s rates are evidence that both the Scottsdale real estate market and that of the greater Phoenix area are indeed stabilizing. According to figures from CoreLogic, the Phoenix foreclosure […]
Plans for 127 Luxury Phoenix Homes near Scottsdale
Developer KB Home is planning to build 127 luxury Phoenix homes, located in Northeast Phoenix close to Desert Ridge and the Scottsdale border. These new luxury Phoenix homes will be a mere ten minutes away from many Scottsdale amenities. The site is located on Greenway Road and Tatum Boulevard, on the northwest corner. It is very […]
Rise in Luxury Phoenix Homes for Sale
The Phoenix real estate market continues its steady improvement as the number of luxury Phoenix homes for sale grows. In early April, we saw 2,267 homes listed at $500,000 or more. According to housing analyst Mike Orr, this marked a 3 percent increase from the previous month. This year also promises fewer short sale listings and […]