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Maricopa AZ real estate market recovery - a 7 year comparison

03-13-12
Juli Vosmik - Scottsdale/Cave Creek, AZ real estate 480-710-0739
Juli Vosmik - Scottsdale/Cave Creek, AZ real estate 480-710-0739: Real Estate Agent in Scottsdale, AZ
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MARICOPA COUNTY REAL ESTATE RECOVERY

For those of us who have lived and worked in Maricopa County real estate longer than 7 years, we all remember the craziness of the 2005 real estate market - most homes were receiving multiple first day offers and values were sky rocketing. Today, I am comparing the first 2.5 months of 2005 to the first 2.5 months of 2012 in our Maricopa County real estate. Notice anything similar in the chart below?

Scottsdale Cave Creek north Phoenix real estate market

In addition to the above numbers taken from ARMLS®, it should be noted that the average DOM (days on market) for 2005 was 84 days while 2012 is only 81 days.

What does this mean to you, the Maricopa County homeowner? It means that now may be a great time to sell your home. The inventory is very low offering limited competition for your home sale. Prices are rising slightly, not at the crazy rates of 2005 but at a sustainable 3.8% on average with some areas seeing even higher increases.

If you're looking to buy a home in Maricopa County, you will need to be prepared to make an offer the first day a home comes on the market. Your offer must have full loan approval or proof of cash for it to be considered over other multiple offers which may come in AND you may need to be prepared to pay more than the list price.

Will prices continue to increase? My crystal ball isn't working today. I do know that our Maricopa County real estate market is low on inventory, the demand is very high, prices are seeing some improvement and the interest rates are still at historic lows.

If you're interested in selling your home in Scottsdale, Cave Creek or north Phoenix, AZ, call me for your free market analysis.

Juli Vosmik

480-710-0739



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Phoenix and Scottsdale AZ Luxury Condo Sales – February 2012

03-12-12
Heather Tawes Nelson ABR, CLHMS - Scottsdale, AZ
Heather Tawes Nelson ABR, CLHMS - Scottsdale, AZ: Real Estate Agent in Scottsdale, AZ
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Optima Camelview Condos for Sale Scottsdale AZ 85251Below are the results for February 2012 for the Phoenix and Scottsdale luxury condo market. In this report, the luxury condo market is being defined as condos on the market with a list price of $1 million or above.

Pending Luxury Condo Sales - At the end of February, there were no pending sales of luxury condominiums in Scottsdale or Phoenix.

At the conclusion of the month, there were two luxury condos under contract and both of them were at the Kierland Plaza Lofts. The first unit was a 2 bedroom, 2.5 bathroom condo on the 8th floor with 2,090 square feet. The asking price was $1,375,000. The second pending sale was a condo on the 9th floor. It had 3 bedrooms, 2.5 bathrooms and 3,483 square feet. The list price was $2,225,000.

February 2012 Luxury Condo Sales – There were four luxury condo sales in the month February, when at the end of January, there were only two pending sales. This kind of sales number illustrates some of the demand that is now coming back into the market after having been tempered over the last few years.

Two of the four sales were at Kierland Plaza Lofts. The first sale was for a 9th floor, three bedroom, two and one-half bathroom unit with 3,483 square feet. It was listed for 2,225,000 and sold for 2,200,000. The second sale was a two bedroom, two and one-half bathroom unit on the 8th floor with 2,090 square feet. The list price was $1,375,000 and it sold at that price.

The two other sales were in the Downtown Scottsdale/Old Town Scottsdale area and these are the two that closed very quickly. The first was at Optima Camelview. It was a three bedroom, two and one-half bathroom condo with 2,194 square feet. It had been listed for $1,175,000 and sold for $1 million. The other unit was at the Scottsdale Waterfront Residences. This condo had 2,296 square feet, three bedrooms and three and one-half bathrooms. The asking price was $1,250,000 and it sold for $1,150,000.

Scottsdale Phoenix Luxury Condos for Sale February 2012

February 2012 had a great month from a sales standpoint. The two pending units closed and two more went under contract and closed within the month. Of these sales,one sold for list price and the others did not see huge discounts. The Kierland area is still very active after being somewhat quiet in the luxury sales side. And, Downtown Scottsdale got back into the luxury action with sales at Optima Camelview and Scottsdale Waterfront Residences.Unfortunately, the Phoenix luxury condo market remains quiet.

It will be interesting to look at sales activity next month as we entered this month without any pending sales. We may see something similar to February where the sales closed quickly, or we may end the month with a pending sale or two.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

Originally posted on Live Better in Scottsdale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 3/1/2012 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012 Heather Tawes Nelson

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SWING! Into Spring In Scottsdale

03-12-12
Nancy Laswick, Scottsdale & Phoenix Area Realtor, EPRO, CDPE, SFR
Nancy Laswick, Scottsdale & Phoenix Area Realtor, EPRO, CDPE, SFR: Real Estate Agent in Scottsdale, AZ
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It's Spring in Scottsdale Arizona and that means baseball, Spring Training baseball. The great thing about Cactus League ball parks is that the game is up close, the players, the action it's a totally different feel than the Cathedrals of Major League Baseballs' regular season. You can come to park early to get an autograph or get one after the game and sometimes players that aren't playing that day will sign balls or caps, for kids, during the game.

Scottsdale homes for sale

If you’re planning a Scottsdale spring training day at Salt River Fields, there are a ton of options available. Whether you're looking for lawn seating or the VIP experience, at Salt River Fields you really can't go wrong.

Salt River Fields’ grassy lawn is a giant fan party. Great concession choices abound, there's ice cream for your sweet tooth, a taco bar for some south-of-the-border fare and plenty of beverage stands to quench your thirst. So bring a blanket and claim your spot in the grass.

On the other end of the pricing spectrum is the 100 block, where seats surround the team dugouts, the bull pens and home plate. These seats go fast and are a favorite of season ticket holders. If you're looking for something in between the grass and VIP seating, don't worry any of the stadium seats at Salt River Fields afford a quality view of the diamond and all the action.

As local valley resident Joe Garagiola would say "There's no better day than a day at the ballpark"!

Whether you're buying or selling I offer a free, no obligation, consultation. As an informed buyer or seller you'll make better decisions. E-mail Nancy@NancyLaswick.com or call me today at (602) 793-1627.

All content contained in this posting is protected by copyright. © Nancy Laswick 2012. All Rights Reserved.

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Homes For Sale In Terravita With A Pool – Terravita Homes For Sale in Scottsdale Arizona

03-12-12
Mike Bruen Scottsdale Real Estate Homes For Sale Information
Mike Bruen Scottsdale Real Estate Homes For Sale Information : Real Estate Agent in Scottsdale, AZ
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Homes For Sale In Terravita With a pool – Terravita Homes for sale in Scottsdale arizona

Enjoy Relaxing by your own private pool in Terravita, there are many homes for sale with a private pools in Terravita. With the scenery of the natural beauty of the desert and the majestic mountain terrain, it’s no wonder why people live here.

There are other communities with options like Terravita has to offer also, such as Grayhawk, DC Ranch, The Boulders, Desert Mountain, McDowell Mountain Ranch all in Scottsdale and surrounding areas.

View golf course homes for sale in Scottsdale, homes for sale with a view, luxury real estate for sale in Scottsdale

On our Lifestyle map you will be able to navigate to any community or neighborhood you desire.

Contact Associate Broker Mike Bruen at 480-390-5140 with Solutions Real Estate today, and get started on a fantastic new life in one of Scottsdale’s finest communities. Just Contact Us as we would be happy to provide you with any real estate information you may need, create custom property search(s) for you to keep you up to date with the current market, or provide you with a free evaluation of your property value in the Scottsdale and Surrounding areas.

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Spring has Spring in Scottsdale, Arizona

03-12-12
Stephen Proski, Scottsdale, Arizona Real Estate
Stephen Proski, Scottsdale, Arizona Real Estate: Real Estate Agent in Scottsdale, AZ
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Spring is in the air and that means baseball in the Scottsdale area as well as wildflower season.

Wildflowers, but we live in the desert. Yes, Scottsdale, Arizona is located in the desert southwest, but every spring the desert comes alive with a multitude of beautiful wildflowers that is like a colorful rainbow surrounding our vibrant city not to mention it is fantastic time to get out and do a little hiking and enjoy all that the desert has to offer.

In order to really take full advantage of the lush desert beauty, one must get off the beaten path and do a little exploring to really be overcome with the shimmery hues of natural desert flowers that bloom each spring. Flowers such as poppies, globemallow, lupine and the sultry crimson chuparosa are all readily available to see during this time. Our desert wildflowers only bloom between March and early April and then the temperature starts to get too warm for them and they die off.

Just north of the Scottsdale about 90 minutes away is Sedona’s Eagle’s Nest Trail. This is an ideal spot to get away from the city and take a nice 5 mile hike along the trail that leads to the big rock vistas and Cathedral Rock. The park also offers free guided tours and the cost for entry is only $10.00 per vehicle.

Go east of the city about the same distance and you can visit Boyce Thompson Aboretum. This is a great place to discover the intricate beauty and many faces of Arizona's oldest and largest botanical garden. Featured are plants from the world's deserts, towering trees, captivating cacti, sheer mountain cliffs, a streamside forest, panoramic vistas, many natural habitats with varied wildlife, a desert lake, a hidden canyon, specialty gardens and more.

If you want to go south towards Tucson, I would recommend you drive to Picacho Peak State Park. Again about an hour’s drive south of the city, you hike the trails that wind up the peak and overlook a sea of wildflowers. The park and surrounding area are known for its unique geological significance, outstanding and varied desert growth, and historical importance. The unique shape has been used as a landmark by travelers since prehistoric times. One of the first recordings was in the 1700s by the Anza Expedition as it passed through the area.

With ideal weather this time of year and the beautiful array of spring time colors throughout the desert, take the time and enjoy the desert wildflowers and other natural treasures we get to enjoy here in Scottsdale Arizona.

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