In the coming months, it’s important to watch for whether rising inventory continues to give buyers more leverage and soften home prices further. Sellers may need to adjust expectations as properties take longer to move and pricing becomes more critical in a competitive market. With mortgage rates holding steady, buyer activity could pick up, making […]
Scottsdale’s real estate market surged in Quarter 1 of 2025, with home values and sales up 12%, while mortgage rates dipped slightly to 6.78%, creating a window of opportunity for buyers. Inventory also rose 4%, offering more choices and slightly less competition in a still-active market. Sellers continue to benefit from strong demand, but strategic […]
The 16% drop in average home prices and 13% increase in sales show buyers are gaining the upper hand in negotiations. Solid property options are still available with inventory tightening by 9%, but motivated sellers may be more willing to negotiate. Plus, with mortgage rates down to 6.84%, buyers can secure a better deal before […]
Scottsdale’s real estate market saw a 13% jump in average sales price to $1.78M, despite a 19% rise in inventory, signaling continued demand, especially in the luxury sector, where a $21M sale set the tone. However, total sold listings dipped by 4%, suggesting a potential shift as more properties hit the market. With mortgage rates […]
Scottsdale’s real estate market in 2024 offers strong investment potential, with a 12% increase in average sales prices and rising property values, making it a prime opportunity for buyers and investors. While mortgage rates have climbed to 7.04%, creative financing strategies can help buyers navigate affordability challenges. Additionally, a slight increase in inventory provides more […]
In the coming months, it’s important to watch for Scottsdale’s single-family housing market to cool slightly, influenced by the holiday season, fluctuating interest rates, and a tightening inventory of homes. For buyers waiting on the sidelines, December is an opportune time to negotiate price and terms. By January, inventory is expected to rise, ushering in […]
In the coming months, Scottsdale’s single-family home prices are expected to rise through November and December. Historical trends indicate that inventory may tighten further as the typical holiday slowdown in new listings takes effect, creating a potentially competitive landscape for year-end buyers. – Grant Van Dyke Scottsdale Average Sales Price: September 2024 > $1,562,534 vs […]
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 […]
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’ […]
The Scottsdale single-family home market in July 2024 showed a cooling trend compared to June. Sold home prices experienced a modest decline all the while properties sold slightly quicker, suggesting a more active market. The number of homes sold also dropped month over month. Additionally, the inventory of available homes decreased, which could lead to […]
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