As we dive head first into quarter two of 2016, it’s a good time to take a look at quarter one and see where Arizona golf homes and the Arizona real estate market stand. According to trusted source the Cromford Report, 1,538 new homes were added to the ARMLS during 2016’s first quarter. That is 26% more homes listed this year than in 2015’s first quarter. When you take these stats and compare them to the number of distressed sales in March, we see that all cities in the Phoenix metropolitan area had less than Continue Reading
January proves to be a strong start for 2016 Arizona real estate
Based on the increase in active listings and the number of sales in January, we can now say that 2016 is off to a strong start. Most numbers so far show an increase in listings as compared to 2015. January is traditionally one of the slower months for new home listings, so it’s encouraging to see a growth of 12% this past month. New listings generally hit the market on a Thursday or Friday, so totals are often taken on Saturday to measure the two-day increase. According to our reliable friends at the Cromford Continue Reading
2015 Arizona real estate market closes escrow
Now that we're firmly into the new year, it's a good time to take a look back at how our real estate market wrapped up in 2015 and see what we can expect from Arizona real estate in 2016. New home construction really took off in 2015 and probably would have yielded even more homes if not for a construction labor shortage. According to deeds processed by Maricopa County, the total number of new single family homes and condos recorded in December was up 45% from December 2014 and is the highest in any month since Continue Reading
2015 Scottsdale real estate market ending on a high, yet depleted, note
The news is good for the 2015 Scottsdale real estate market. Despite a slower October, sales are up from 2014 and the average price of single-family homes in the Phoenix metropolitan area has increased about seven percent. But as we’ve been seeing, the supply of homes in the Valley is still lower than the demand. “The biggest problem we face is a huge mismatch between supply and demand below $300,000,” commented Michael Orr, director of the Center for Real Estate Theory and Practice and author of local real Continue Reading
Luxury Scottsdale golf homes are trailblazers in the market comeback
Have you heard? The Arizona real estate market and Scottsdale golf homes are coming back strong in the economic recovery! And in case you’re wondering which areas in Scottsdale are doing the best, we’ve introduced our Battle of the Neighborhoods 2015 report. The neighborhoods up for the title: Ancala, DC Ranch, Desert Highlands, Desert Mountain, Grayhawk, Silverleaf (technically part of DC Ranch but tracked separately), Troon and Troon North. These neighborhoods were selected based on a variety of factors, Continue Reading
