Yes, the media has gone gaga, and not just locally, but also nationally about how much the Metro Phoenix (including Scottsdale) market is up year over year. Up is a relative term though. Yes, it’s up 25% roughly at the median and mean price points, but it was also down around 60% so now that […]
Percentage of “Regular” Sales Increase as Foreclosures Decrease
Normal resales of homes, that are not short sales or foreclosures, currently represent 57% of the market. That is the highest percentage for “Normal Sales” in five years! Foreclosures were dominating the Scottsdale real estate market for many years during the crash. That has completely changed. The number of foreclosures on the market has plummeted […]
Number of Scottsdale Homes for Sale Way Down
Check out the newest graph published by the Arizona Regional MLS board. This graph makes it blatantly obvious how few homes are on the market this year compared to the last two years. During the first quarter of 2010 there were 37,530 homes for sale. During the same quarter of 2011 there were 32,657 homes […]
Scottsdale Foreclosures Drying Up Quickly
There are fewer and fewer foreclosures in Scottsdale these days. Some people just don’t believe it because of the hype in the media about looming foreclosures. Well, statistics don’t lie. It is a simple fact that there are drastically less Scottsdale and Phoenix foreclosures now than there has been any time in the past 5 […]
Scottsdale and Phoenix Foreclosure Trends
The Cromford Report has just released its monthly statistics for Scottsdale and Phoenix foreclosures. This is some of the most accurate data on the state of our current market. In March 2012 there were 1982 foreclosures. This is down by 123 from February. This is also down significantly from the all time high in March […]
Harp 2.0 Home Refinace Program has started in Arizona
The long-awaited federal refinance program called Harp 2.0 finally started on Monday. It will, in theory, allow many people to refinance mortgages and lower payments in spite of owing far more than their homes. Some lenders began taking applications last November. But the federal government had to work out some issues with the program and […]
Valley Housing Market Improving
The Phoenix and Scottsdale housing market improved by almost every measure in February, with an increase in values, an uptick in homes sold and a drop in the number of foreclosures. The Arizona Regional Multiple Listing Service reports that 7,249 homes sold in February, up 1.3 percent from a year ago. “Sales above 7,000 units […]
Happy New Year From Your Scottsdale Real Estate Team!
Happy New Year from your Scottsdale Real Estate team! We hope that you have a fantastic 2012. 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
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