carlene krahn

I have a couple of clients actively searching in Tatum Ranch neighborhood in Cave Creek, AZ. Every home priced under $200,000 that is a "regular" seller is going fast. All the rest are short sales or foreclosures in rough condition and even they are going fast. I have been seeing this for at least 3 months now and it makes me think areas in the Phoenix market are definitely stablizing.

I have really been noticing that in some locations and some price points we have bottomed and started a slow climb. Every time I look at my searches for buyers in Cave Creek or North Scottsdale there are not many fresh listings and the prices are staying steady. I have seen this on homes under $250,000 in Cave Creek and under $300,000 in North Scottsdale. Hope this keeps up across the board so we can climb out of this real estate nightmare!

It's refreshing to hear some of the economic news recently after all the doom and gloom of the past year. Warren Buffet just made a bold prediction that the economy is not going into another recession, but will slow and steadily be on its way up. In the local news the Phoenix area showed a 1% growth in employment from the 1st to 2nd Qtr of 2010 and a 1.2% increase in the metropolitan gross product in the same time frame. Another area of huge interest for the Phoenix metropolitan area is the influx of renewable energy companies building plants or moving corporate headquarters here.

With home prices still down and hovering at the bottom, interest rates at an all time low and with some new high paying jobs coming to Phoenix/Scottsdale area I can't imagine a better time to purchase a home. Once these companies relocate and start hiring, home prices will gradually rise and with that interest rates will also rise. If you have ever thought of buying a vacation home or moving up in Scottsdale, Cave Creek or Carefree this Fall and Winter may be the perfect time. Our weather is getting more perfect by the week and when the snow and cold hits, Scottsdale will be a perfect getaway. We specialize in the North Valley which includes cities like, Scottsdale, Carefree, Cave Creek, Paradise Valley and North Phoenix. We also are very familiar with great vacation neighborhoods such as, Troon, DC Ranch, Grayhawk, Legend Trail, Terravita, Winfield, The Boulders, Desert Ridge, Kierland, Mirabel and the Pinnacle Peak area.

Please visit us at www.AZRealEstateGals.com to search for your dream home.

New to AZ? A must visit place is Cave Creek, AZ. It is in the north part of the Phoenix Metro area bordering the Tonto National Forest. It is an old west town where the residents still know each other, ride horses in and around town and cowboy art abounds. The natural beauty of this area surprises most visitors that think the desert is barren. The Sonoran Desert is alive with trees, bushes, flowers, cacti and animals. The mountains are everywhere you look making for beautiful vistas. Cave Creek and neighboring Carefree are very popular for a vacation home. Visit my website at www.AZRealEstateGals.com to search for homes in Cave Creek, Carefree or Scottsdale.