The Arizona Regional MLS has released updated statistics on the monthly median sales price of homes in Maricopa County. Desert Mountain is located in Maricopa County so I thought that you would be interested to see how the general real estate market is doing. Home prices in Maricopa County hit bottom 8 months ago and the market has stabilized. There has been a lateral trend of stabilized prices or slight price increases over the past 8 months. We have clearly seen the worst of the real estate crash and the market is ready to rebound. I suspect that home prices will continue to steadily increase, especially in the North Scottsdale communities like Desert Mountain.
Many communities in Maricopa County saw price drops of 50% or more over the past few years so it is good to see that it is coming back. Between November 2007 and March 2009 we saw a very large drop in the median sales price of homes. At the end of 2007 the median price of a home in Maricopa County was $265,000 but by the end of the first quarter of 2009 the median home price had dropped significantly to $125,000. This is a drop of 53% on average for homes in Maricopa County. Many homes in Desert Mountain are half price to what they were a few years ago.
If you are interested in viewing more detailed sales updates for Desert Mountain in Scottsdale click on the link or visit my website at www.DesertMountainHomesOnline.com to view available homes. As a Desert Mountain Specialist I am always happy to answer your questions, feel free to call me at (800) 300-0263.
Carmen Brodeur BA, LLB
Scottsdale Real Estate Agent and Former Attorney
Carmen@ScottsdaleExperts.com
1-800-300-0263
www.DesertMountainHomesOnline.com
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About the Author: Carmen Brodeur BA, LLB is a Scottsdale Realtor and former Real Estate Attorney. She specializes in the finer Scottsdale golf communities. Carmen is the co-founder of The Scottsdale Experts, an elite group of Real Estate Professionals. Contact Carmen at 1-800-300-0263 or Carmen@ScottsdaleExperts.com.
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How low can they go? Great Information. Thanks for sharing.