Scottsdale Market Trends
Maricopa County Market Trends
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
Housing Markets Likely to Normalize in 2022, Says Nar’s Lawrence Yun
By Liz Dominguez, RIS Media, November 19, 2021
Is the economy back to normal? It’s the question everyone wants answered as we navigate through a semi-return to normalcy amid the pandemic, and it’s the question Dr. Lawrence Yun, chief economist of the National Association of REALTORS® (NAR), posed as he opened the Residential Economic Issues & Trends Forum at NAR’s annual REALTOR® Conference & Expo, this year held in-person at the San Diego Convention Center in California.
5 Valley Neighborhoods with Biggest Home Price Increases
AZ Business Magazine, October 29, 2021
The modest calming of the U.S. housing market that began late in the summer has continued into early fall, the latest market report1 from Zillow shows. Buyers are finding slightly more selection, more price cuts and a bit more time to evaluate a home before it goes under contract. But in Metro Phoenix, the market is still red-hot with home prices skyrocketing 32.2% over the last 12 months — with the five Metro Phoenix neighborhoods with the biggest home price increases showing increases in median home prices that exceed 40%.
Phoenix Among Top 5 Markets for Biggest Home Price Increase
AZ Business Magazine, October 24, 2021
With three-quarters of the year complete, 2021 is mirroring seasonal norms, unlike 2020, but maintaining strong momentum. September home sales dropped 7.0% from August’s total, Median Sales Price slipped 1.1% to $329,000 – both far less than the typical drop-offs as summer gives way to fall — and Phoenix remained among the Top 5 markets for the biggest home price increase.
Average Valley Home Prices Expected to Reach $517k by Late 2022, Experts Say
KTAR News, October 18, 2021
PHOENIX – Home prices in metro Phoenix are still going up and real estate experts are projecting an average of $517,000 next year.
Online real estate marketplace Zillow says house hunters will face that half-million-plus hurdle by September 2022.
The company says the typical price of homes in the Valley reached $410,028 as of the end of September 2021. Last year at this time the number was $310,000.
Stay informed on the latest Scottsdale AZ real estate market trends by bookmarking this page. The real estate trends in Phoenix and Scottsdale are completely different than the national trends. This page is updated frequently to keep you informed on the changes in the market. Research the latest Scottsdale real estate market trends and housing statistics right here. We want all of our clients to have access to the most current Scottsdale real estate stats and trends.
Please call Carmen Brodeur at (602) 791-0536 with any questions.