The Scottsdale Luxury Real Estate market is looking up. The trend in the luxury home market clearly shows that buyers are jumping in to take advantage of the current opportunities. Many luxury properties are 50% less than what they were in the past. Buyers know that this is a rare opportunity and prices this great […]
North Scottsdale – Such a Unique Place
The North Scottsdale Real Estate market is unique. That is why I get frustrated when I read information in the media about the overall Phoenix Real Estate market conditions. When reporting stats and foreclosure numbers, they tend to group North Scottsdale, which includes Desert Mountain, into the Phoenix area as a whole. I have noticed that […]
Desert Mountain AZ Real Estate – July 2010 Market Distress Update
The Cromford Market Distress statistics for July 2010 have just been released. The distress index is a measurement of the number of normal home sales versus the number of foreclosures in a particular zip code. It demonstrates how foreclosures are affecting the overall real estate market. The greater the number of foreclosure home sales, the greater the distress level. […]
Desert Mountain Arizona Real Estate – June 2010 Market Distress Update
The June 2010 Cromford Market Distress statistics have just been released. The distress index demonstrates how foreclosures affect a particular zip code. It is a measurement of the number of normal home sales versus the number of foreclosures. The greater the number of foreclosure home sales, the greater the distress level. The zip code 85262, […]
Foreclosures are a Small Percentage of the NE Phoenix and Scottsdale Real Estate Market
Foreclosures are a small percentage of the NE Phoenix and Scottsdale Real Estate market. The May 2010 statistics have just been released, and as you can see from the two graphs below, the number of foreclosures as a percentage of all sales, is significantly less in the NE Valley once again. This geographic area includes […]
Foreclosure Filings Lowest Since July 2008
The foreclosure filings in the Phoenix and Scottsdale Arizona areas are the lowest they have been since July 2008. The Arizona Republic is reporting that in May 2010 there was a total of 6,471 new pre-foreclosure, or notice of trustee sales, filed in the metro Phoenix AZ area. In addition to this, there were only […]
Luxury Real Estate Market Changing
The luxury real estate market is changing. Desert Mountain buyers often ask me how the luxury market is doing. I continue to tell them that the luxury home market is improving on a monthly basis. Listings are down and sales are up for homes priced $1 million and above. This is important news for anyone […]