If you’re thinking about buying or selling residential real estate it’s important to understand the current market trends. According to Flex-MLS, the Marketplace for Scottsdale Residential Properties, in November 2022 versus October 2022: The Number of SOLD listings decreased by 11% to 248 units with a top sale of $11,200,000 at 9820 E Thompson Peak Parkway […]
Scottsdale | October 2022 vs October 2021 Average Sales Price: September 2022 > $1,200,011 vs October 2022 > $1,318,068 = 10% increase Average Days On Market: September 2022 > 51 vs October 2022 > 60 = 18% increase Average Sale Price Per Square Foot: September 2022 > $435.24 vs October 2022 > $440.04 = 1% increase […]
Scottsdale Average Sales Price: Q3 2021 > $1,127,455 vs Q3 2022 > $1,336,834 = 19% increase Average Days On Market: Q3 2021 > 37 vs Q3 2022 > 47 = 27% increase Average Sale Price Per Square Foot: Q3 2021 > $378.24 vs Q3 2022 > $447.98 = 18% increase Sale to List Price Ratio: […]
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but […]
Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following: Housing Demand – Growth in online search activity Home […]
There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide. In a recent Realtor Magazine article, they discussed the issue and addressed comments made by Lawrence Yun, […]
One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that […]
Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week. Though it is tough to look at this as great news when millions of Americans are […]
The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market. Here’s a look at four key […]
Some Highlights The word “home” is taking on a whole new meaning this year, and buyers are starting to look for new features as they re-think their needs and what’s truly possible. From more outdoor space to virtual classrooms for their children, buyers have a growing list of what they’d like to see in their […]
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