The 4% decrease in the number of sold listings indicates a cooling in transaction volume for Scottsdale’s housing market in our 3rd Quarter. However, the 12% rise in average sales price along with a 15% increase in inventory, suggests that home values continue to grow. Even still, buyers are coming off the sidelines. This dynamic […]
The Metro Phoenix housing market experienced an 8% decline in sold listings in its 3rd Quarter, despite a record-breaking $32 million sale in Paradise Valley. The marginal 1% decrease in average sales price to $998,183, and stabilization of the price per square foot at $362 reflect resilient property values amidst softening demand. A 30% increase […]
Nine Arizona hotels have gained national recognition in 2024, making the “Best in the West and Southwest” list according to Conde Nast Traveler’s Readers’ Choice Awards. These rankings reflect the top travel experiences, as voted on by more than 575,000 global travelers. Arizona’s finest hotels have garnered high praise, from luxurious resorts to stylish urban […]
On Wednesday, September 18, 2024, the Federal Reserve took bold action by cutting its benchmark interest rate by 0.50%, lowering the federal funds rate to a target range of 4.75% to 5.0%. This larger-than-expected reduction marks a critical turning point in the Fed’s monetary policy, as the central bank seeks to address economic slowdowns while […]
As the summer heat fades and cooler days settle in, Scottsdale becomes the perfect destination for fall festivities. Whether you’re a local or visiting for the season, the city offers a rich tapestry of events celebrating art, culture, and the outdoors. Here are the top 5 must-attend fall events in Scottsdale for 2024, each offering […]
As summer temperatures drop and autumn sets in, Arizona comes alive with a mix of festivals, fairs, and outdoor events perfect for enjoying the cooler weather. Whether you’re a fan of art, food, or outdoor fun, these top five fall events in Arizona offer something for everyone. 1. Arizona State Fair A fall tradition for […]
In the coming months, it will be important to watch for continued stabilization of home prices and shifts in buyer activity due to decreasing mortgage rates. In August 2024, Scottsdale’s real estate market saw a 9% decline in both sold listings and the average sales price, which settled at $1,432,827. Inventory increased to 5.4 months’ […]
In the coming months, it will be important to watch how rising inventory and shifting buyer demand affect home prices in Metro Phoenix. In August 2024, sold listings dropped by 17%, signaling a cooling market despite a high-end sale of $32.4 Million in Paradise Valley. North Phoenix saw the average sales price rise to $1,192,529, […]
The landscape of real estate agent compensation has shifted dramatically due to a significant lawsuit against the National Association of Realtors® (NAR) and other major real estate agencies. The lawsuit challenged certain practices around agent commissions as unfair, leading to new rules that affect how agents are compensated when a property is sold. Understanding these […]
Phoenix, Arizona and its neighboring cities are experiencing an unprecedented surge in industrial development, establishing the region as a critical hub in the national industrial landscape. By the end of June 2024, nearly 40 million square feet of industrial space was under construction, with projects spread across both the West Valley and East Valley. This […]
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