On the surface, the preliminary numbers for October suggest it was quite similar to September. Looking at the ARMLS data across all areas and types we see the following: Sales per Month: 7,606 in October – down 5.9% from September but up 16.6% from this time last year. Active Listings (including AWC): 27,063 on October […]
Phoenix Real Estate Conference Highlights
The Crystal Ball Conference was held last week in Scottsdale. It includes prominent speakers from the Arizona real estate industry including over 500 Realtors, Brokers, Mortgage Brokers, and Economists. Michael Orr of the Cromford Reports was the featured speaker this year. Highlights of the Conference: · Data showing that REO (foreclosure) market is slowing down […]
Windgate Ranch Home Sales Steady
Windgate Ranch home sales have been steady through the recession, reported Toll Brothers today. Homes in Windgate Ranch have been selling at a modest pace despite the economic downturn. The builder reports that it has sold 270 homes over the past five years. That is 43 percent of the 633 lots available. Plus sales are […]
Mortgage Rates Fall Again to 4.10%
Mortgage rates on a 30 year fixed mortgage fell slightly to 4.10% from 4.11% last week. This is slightly higher than the record low in the rate, earlier this month. Three weeks ago, the rate dropped to 3.94%. That was the lowest rate EVER on record according to The National Bureau of Economic Research. What […]
Scottsdale Real Estate Appreciation Rates
Below are the Phoenix and Scottsdale real estate appreciation rates. This data is provided by the Cromford Report, the leading authority on residential market data. Phoenix Real Estate Annual Appreciation: -8.3% (Values are dropping/increasing at this rate.) Recent Appreciation Trend: -2.0% (The drop/increase in value is getting better or worse at this rate.) 4,625 Active Homes Listed For […]
Update on US Housing Trends
Highlights of US Housing Trends Existing home sales rose 7.7% in August. Condominium and co-op sales rose 1.8%; single-family home sales rose 8.5%. The median existing home price declined to $168,300, from $174,000 in July. Existing home sales in the West region saw the biggest gains, up 18.3% month over month. New home sales declined […]
Maricopa County Sales Data for Fall 2011
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 and Phoenix Foreclosure Rate Drops
I have written many blog posts about the number of foreclosures in Scottsdale and Phoenix dropping. There are fewer Scottsdale foreclosures for sale than there were last year. Foreclosures in Scottsdale will routinely have multiple bids and ultimately sell for slightly higher than list price. New data from CoreLogic provides further evidence of support. Phoenix […]
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Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2025. 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.
