Scottsdale is known as one of the most beautiful cities in the world. Nestled against the McDowell Mountains with over 50 golf courses and some of the world's finest resorts, Scottsdale has it all. It is no wonder, people travel from around the country, and the globe, to vacation in Scottsdale. Scottsdale is also a popular destination for vacation homes. Those who are fortunate enough to own a Scottsdale golf home are treated to a huge variety of golf courses and 350 days of sunshine per year.
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The number of Phoenix and Scottsdale homes for sale is decreasing rapidly. We are seeing the inventory of available homes shrink and demand (which equals sales) increase. Total active listings have dropped by 552 properties over the beginning of last month. As of March 18th, we sit at 22,972 Single Family Homes and Condos active on the mls. Sales are at 7447 for the last 30 days (as of March 18th). We are currently sitting at a 3.1 months of supply. Pending sales are up from the month before ... Read Full Post
St Patricks day is a MUCH bigger deal on the East coast than it is in Arizona. We don't color our rivers green or host major parades, but we still have fun today! I wish you the Luck of the Irish in all your real estate ventures...Hope you find a Pot of Gold! Read Full Post
Scottsdale and Phoenix were one of the hardest hit metro areas during the real estate crash. Scottsdale homes were down 50% in many cases. It appears that the real estate market is turning the corner according to the latest statistics, released today. Phoenix and Scottsdale have had 13 consecutive months of decreases in the number of Active Notices of Defaults. This is the precursor in Arizona for foreclosure and a leading indicator of furture foreclosures. The All-Time high was in December o... Read Full Post
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