Scottsdale home prices escalated dramatically during 2021. The average sales price in Scottsdale is up 25% from $1,041,645 to $1,304,697. The prices in Desert Mountain took an even more dramatic swing. Homes in Desert Mountain increased an average of 36% during 2021. The inventory of available homes for sale remains at a historically low level. […]
Financial Summary of Desert Mountain
Clients often ask me about the financial health of the Desert Mountain Club. Here is an overview of their finances as reported directly by the club in their 2015 Annual Report. You can see a full copy of the report on our Downloads page. In 2015, Desert Mountain generated $64 million in total revenue and spent $63.9 […]
Now is the Perfect Time to Buy a Scottsdale Home
According to a jobs report that was recently released, over 271,000 jobs have been created. Because of this, the economy will be on the rise which means good things for the real estate market. With more houses being sold, there is going to be a spike in mortgage rates. Experts think the mortgage rates are likely to […]
Valley Foreclosures Drop 62 Percent
The Scottsdale real estate market is on the rise and that means foreclosures are down – way down. This is especially true in Desert Mountain. Compared with the entire nation, Scottsdale delinquency and foreclosure rates are now well below the national average. While the Valley’s foreclosure rate fell 62 percent from last year, the nation’s […]
Fewer Scottsdale Homeowners Underwater
It’s no secret that Desert Mountain Scottsdale home prices have been rising at a quicker rate than usual and this means that fewer homeowners are underwater. Throughout the Valley the rate of homeowners with negative equity has dropped to about 36%. Negative equity or the state of being “underwater” is when a homeowner owes more on […]
Fun Facts you Didn’t Know About Desert Mountain
Most of us know the obvious facts about Desert Mountain: it’s home to six world-class golf courses, the homes are beautiful and the amenities are unparalleled. Did you know that the zip code of 85262 where Desert Mountain is located has had exponential growth in the past decade? The population of 85262 is currently 11,348. […]
Cost of Scottsdale Homes on the Rise for 13 Straight Months
U.S. home prices are on the rise. In fact, prices rose an average of 10.5% in March compared to a year ago, making it the biggest increase since March of 2006. Arizona is certainly ahead of the curve, with prices that rose 16.8% in the last year – a consistent increase over 13 straight months. […]
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