The Valley real estate market appears to be turning the corner. Report after report has shown the number of sales way up, inventory shrinking and foreclosures dropping. The latest publication by The Cromford Report shows the economic indicators for Valley real estate are way up. Here is a summary of the report: 9,901 closed sales […]
Desert Mountain Real Estate Sales Were Unbelievably High in March 2011
Desert Mountain real estate sales were unbelievably high in March 2011. It’s incredible how many homes sold this past month. It appears that the market in this exclusive community is really picking back up. There were 21 homes sold in March 2011. Only 4 of these sales were foreclosures. The average price of homes sold […]
Local Housing Expert – Indicators Signal Turnaround
Michael Orr is a very well known local housing economist in Phoenix. He is highly respected in the local real estate industry. Michael just published a very interesting article on the state of the Phoenix-Scottsdale real estate market that I want to share with you: Marketing Indicators Signaling Another Turnaround Mike Orr, The Cromford Report, […]
Anaylsts Expect Phoenix Home Prices to Rise in March
The Arizona Republic is reporting that local housing analysts are expecting the valley home prices to rise in March. Phoenix area home sales climbed 9 percent during February. This is giving prices a little boost upward. Tom Ruff, who is a housing analyst with the Information Market said he was “starting to see a bottom […]
The Cromford Report for Greater Phoenix Metro Area
Below is The Cromford Report Market Summary for the Greater Phoenix Metro Area for the Beginning of 2011: Although we read plenty of gloomy news for the housing market in the various media, December was actually a surprisingly positive month for the Greater Phoenix residential market. Not in term of pricing, mind you, but remember […]
Desert Mountain Arizona Real Estate Recent Sales for November 2010
Desert Mountain home sales decreased slightly in November 2010. Last month 4 homes sold and of these one was a foreclosure and one was a short sale. The average price of homes sold was $1,357,250. This decreased slightly from $1,507,333 in October. Homes Currently For Sale in Desert Mountain Scottsdale – 217 Home Sales Currently […]
Desert Mountain Scottsdale Recent Sales – October 2010
The number of home sales in Desert Mountain Club increased in October 2010. There was a total 6 homes sold and of these 4 were foreclosures or bank owned homes. There are typically only 1 or 2 lender owned properties sold per month so that number is not common in this community. The average price […]