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 6.4 percent from last year, and the average sales price is up 7.1 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
Arizona draws more Baby Boomers than every state but Florida
Catherine Reagor, The Republic | azcentral.com, Aug. 13, 2017
Sunshine, affordable housing and lower taxes are drawing more Baby Boomers to Arizona.
Many in this huge group don’t want to retire like their parents but are picking the same state to do it in.
Phoenix-area home sales on track for best year ever
Catherine Reagor, The Republic | azcentral.com, Aug. 4, 2017
2017 is shaping up to be one of the best years for home sales in metro Phoenix.
Sales aren’t higher than the boom year of 2005 when speculators bought a record number of homes, or the bust year of 2011 when investors snapped up a record number of bargain Phoenix-area foreclosure homes.
Builders Speed Up to Meet Housing Demands
DAILY REAL ESTATE NEWS, July 20, 2017
Home builders are ramping up the pace of new-home construction in response to an ongoing shortage of homes for sale across the country.
Housing starts nationwide jumped 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department reported Wednesday. Single-family production zoomed to its second highest rate of this year, increasing 6.3 percent month-over-month to a seasonally adjusted annual rate of 849,000 units. Multifamily starts also rebounded last month, posting a 13.3 percent increase to 366,000 units.
You won’t believe how cheap Phoenix is to live compared to San Francisco, New York, Los Angeles
Mike Sunnucks, Phoenix Business Journal, Jul 17, 2017
We know living in Phoenix is a lot cheaper than other big U.S. cities such as New York and San Francisco.
A new analysis by SmartAsset — a New York-based personal finance technology firm — shows just how much.