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 […]
As 2024 winds down, the U.S. housing market is still grappling with two major obstacles: persistently low inventory and high mortgage rates. Real estate experts across the country are bracing for another year of tight conditions, with no immediate relief in sight as 2025 approaches. With more questions than answers, both buyers and sellers face […]
Scottsdale, Arizona, continues to attract attention for its thriving real estate market, particularly in the luxury segment. Known for its picturesque desert landscapes and high quality of life, Scottsdale offers buyers and homeowners comfort, design innovation, and wise investments. While luxury remains a key theme, the market trends emphasize functionality, sustainability, and lifestyle. Here’s a […]
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 […]
Scottsdale, Arizona, is the perfect destination to celebrate winter, offering a blend of festive cheer, cultural events, and unique experiences. From holiday light displays to world-class auctions, the city comes alive during December 2024 and January 2025, promising something special for everyone. Here are five standout events to mark on your calendar: 1. Scottsdazzle Holiday […]
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 […]
Despite the Federal Reserve’s recent reduction of the federal funds rate by 50 basis points in September 2024, mortgage rates have unexpectedly risen. Here’s an expanded look at why mortgage rates have increased recently despite a federal funds rate cut. We’ll also delve into how the upcoming 2024 election, with its potential to influence economic […]
Barrett-Jackson, the renowned collector car auction house based in Scottsdale, has long made the Phoenix Valley a hotspot for car enthusiasts with its annual January auction at WestWorld of Scottsdale. Now, the company is introducing a new and unique event to the automotive calendar-the Scottsdale Fall Auction. From October 10-13, the highly anticipated Scottsdale Fall […]
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 […]
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 […]
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