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 […]
Troon Country Club Homes
Troon Country Club is a private, member owned golf club in Troon Scottsdale. The staff of the club strive to provide the members a five star experience. Troon Country Club homes are popular because of their proximity to the well known championship golf course designed by Tom Weiskopf and Jay Morrish. The architecture of the […]
Scottsdale Real Estate Market Summary for September 2011
Market Summary for the Beginning of September as of September 3 by Mike Orr/Cromford Report news & Commentary August was similar to July but different from the first half of 2011. Apparently spooked by the debt crisis and the corresponding turmoil in the stock market, the middle and upper end of the market went quiet […]
Phoenix Foreclosure Notices for September 2011
The following is information about the Phoenix Foreclosures notices for September 2011 1. Active Notices of default for residential properties as of the end of August 2011 were 22,733 units. Down from last month of 23,302. This is the 9th month in a row that we have seen decreases in the number of Active Notices. […]
Why Scottsdale Real Estate is an Excellent Investment Right Now
Scottsdale Real Estate has been dramatically affected in the past 5 years. Prices have plummeted as the number of foreclosures in Scottsdale reached historical proportions. Scottsdale Real Estate prices are currently approximately HALF of what they were previously. Many families who were previously Scottsdale home owners are now renters. As a result the demand for […]
New Normal in Scottsdale Real Estate Market May Be Painful
Below is an article from Partridge Partners. It is a pessimistic view of the Scottsdale Real Estate market, but I always like to present countering views, so I am publishing it in its entirety. My personal experience in selling homes in Scottsdale is much more positive. Inventory is down and buyers are coming from all […]
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