Scottsdale Market Trends
Maricopa County Market Trends
This is the current data for home prices, inventory and market activity for the greater Phoenix area, including Scottsdale. The Scottsdale real estate market has been on an upturn since the end of 2011, when home prices were astonishingly low. The median sales price for homes in Maricopa County is up 5.8 percent from last year, and the average sales price is up 6.1 percent.
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
Articles on the Scottsdale and Phoenix Real Estate Market
Phoenix posts strong job growth in new government data
By Tim Gallen – Digital Editor, Phoenix Business Journal, July 05, 2019
The Phoenix metropolitan area saw some of the strongest job growth during the past year, according to newly released data from the U.S. Bureau of Labor Statistics.
Metro Phoenix saw 3.2% growth in non-farm employment from May 2018 to May 2019, according to BLS data. That marks the biggest percentage growth rate among all major U.S. metro areas with populations of 1 million or more.
Arizona real estate is still heating up
azbigmedia.com Real Estate – By Emily Richardson, July 04, 2019
In 2008, Arizona was hit hard during the Great Recession, but the state has bounced back and is seeing a booming Arizona real estate market.
CBRE Group, a commercial real estate company, predicts that Arizona will have a positive economic outlook in 2019 due to employment growth, corporate expansions and a healthy housing market and wage growth.
New study ranks Arizona economy among best in US
By Tim Gallen – Digital Editor, Phoenix Business Journal, June 9, 2019
A new study finds Arizona’s economy is ranked among the 20 best in the U.S. — and is listed ahead of one of its chief rivals for attracting relocating companies.
Personal finance website WalletHub published a new study that ranks the economies of each U.S. state and the District of Columbia. Arizona ranked No. 11, just ahead of Texas (No. 12) and just behind North Carolina (No. 10), according to WalletHub.
Arizona’s economy, growth, jobs expected to outpace U.S. averages
By AZBigMedia.com, February 27, 2019
With continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum.
Steady growth was seen across all areas of Arizona, as every major metropolitan area in the state experienced solid job growth and consistently low unemployment rates. Looking from the second quarter of 2017 to the second quarter in 2018, Arizona’s economy grew 6.8 percent compared to 5.4 percent nationwide. Employment increased by 93,900 workers, a 3.3 percent increase from Dec. 2017 to Dec. 2018, while population growth was at 2.2 percent, which was significantly higher than the 0.4 percent experienced nationwide. Similarly, during the same period, the state’s unemployment rate sits at 4.8 percent, which is higher than the 3.9 percent national rate.