Ed Graziano

Scottsdale represents one of the most unique residential real estate markets in the State of Arizona providing affordable living to the upscale and lavish lifestyles. Scottsdale is bordered to the west by Phoenix and Paradise Valley, to the north by Carefree, to the south by Tempe, and to the east by Fountain Hills. If you are unfamiliar with the Scottsdale area you may want to understand how Scottsdale is locally divided. Scottsdale is commonly divided as North and South Scottsdale, each offering its own style of living.

North Scottsdale may be best known for its diversity in business and residential real estate. This area is well known for its ability to lure lucrative companies in the Bio-medical, business services, high technology, and tourism industries, each setting up headquarters in the North Scottsdale area. The Residential Real Estate Market blends modern architecture with rustic southwest design which has set the stage for this highly desirable area. The area features some of the States top notched master planned communities such as McDowell Mountain Ranch, DC Ranch, Troon and Legend Trail.

South Scottsdale features the "Old Town" or downtown Scottsdale area with upscale Scottsdale Fashion Square, which attracts over 12 million visitors annually. Although known for high end tenants occupying both commercial and retail space the Scottsdale Waterfront luxury Condos and Lofts offer the ultra luxury living experience which range from $600,000 - $5,000,000. The South Scottsdale area and Residential Real Estate Market has been thriving since early development in 1961. Whether it be Winter visitors, the many people working at restaurants, shopping malls or resorts or those just looking to be close to all the amenities, the area offers lush green communities with affordable living from the low $100,000 range and up.

With some of the highest residential appreciation rates in the state it is easy to see why Scottsdale is a premier location. For a specific analysis on any of the areas mentioned in this article please contact us directly or if you are looking for a home in one of these areas please contact us and we will provide you with a free list of homes that fit your budget or financial needs.

Not many people can predict the future, however you might be surprised if you counted how many times during the day you base your decisions on emotions and outcomes, both based on some sort of action and reaction. In essence you are trying to predict the future or outcome of a decision you are making or are going to make. Now, this is not an article about psychology or an attempt to generalize people. This is an article about the process most people go through when deciding to purchase a property. Whether you are an Investor, a First Time Home Buyer, upgrading or downsizing the decisions most people go through are largely the same.

Historically speaking interest levels are low, the housing bubble or "bust" as many have referred to it has certainly lowered the prices of most homes in all areas of the State. This has created a unique opportunity in one of the most luxurious areas to live in; Scottsdale. Home prices on some Scottsdale area homes have dropped tens of thousands, if not hundreds of thousands of dollars. Homes you might never have been able to afford are now more affordable. From Bank Owned/REO Homes to Short Sales and Trustee Sales there are opportunities to own the home of your dreams or invest in a home that will create positive cash flow for you by renting it or fixing and flipping the property for a financial gain. Current Real Estate statistics will show that the time to buy is now. If you read beyond the local newspapers, in areas such as the Scottsdale Chamber of Commerce you will realize that Scottsdale has a limited amount of open use land available to build homes on, with limited ability to build, residential resale prices rise. Most of the factors just described along with having a knowledgeable and experienced Realtor to search, analyze, and negotiate for you further minimizes your risks and take the need of trying to "predict" out of the home buying process. Essentially nobody can predict the future, so what most people do is speculate. We have all noticed home prices go up and down but most would agree that we are at or near the bottom of the Real Estate Market and the time to buy is now.

Contact us today at 800-561-1277 Extension 0044, we have knowledgeable team members ready to assist you in all of your Real Estate needs. We also specialize in;

· Providing you with qualified and reliable Lending sources

· Buyer Incentives

· Investment Analysis

· FREE list of REO/Bank Owned Homes

· Trustee/Foreclosure Sales

• Construction Crews for fix and flip opportunities

Whether you are deciding to upgrade or downgrade the family home or you are looking to invest in the Scottsdale Residential Real Estate Market it is absolutely necessary to understand some of the key factors that define the Real Estate Market. Whether selling or purchasing Real Estate, the decision making process will always be speculative, there is no sure fire way to forecast the future to determine whether or not the right decision was made. However, there is a process which can be followed that will minimize risk and make your decision making process an informative one based on data, knowledge, and expertise. This process relies heavily on two very important areas; Understanding current Economic and Demographic conditions and working with Real estate Professionals who are licensed and regulated to serve your best interest.

There are significant Economic and Demographic conditions which may affect your decision to buy or sell in the current real estate market and one of the best tools to have on your side is information. Most all decisions, albeit, business or personal at some point involve historical background information in order to make an informed decision. For instance, Scottsdale, prior to the Real Estate Bubble enjoyed an average of 6.8% home appreciation rate year over year prior to 2006 while still maintaining relatively low median homes prices compared to national averages. This, along with affordable land, and office space brought many companies and investment opportunities to the Scottsdale area which in return drove home, land and office values up. This is commonly known as a spike and can be easily visualized when graphed properly year over year. Currently, we have noticed that home values have dropped, Mortgage interest rates are near historical lows, foreclosures are high and vacant pre-foreclosure and REO/Bank owned homes are abundant. This information if graphed appropriately would reveal a downward trend, again providing insight and knowledge to make an informed decision. In simple terms the below graph may illustrate the historical example just described.

By observing the graph above it is simple to decide where you would minimize your risk in purchasing or investing in Real Estate. Purchasing at the lowest price point possible is the objective. The purpose of the graph is to exaggerate the home buying process and highlight how you can and should use information such as this to determine where the most beneficial point for your financial position is when purchasing a home. The mistake many people make is chasing the bottom part of the curve (displayed above) only to have missed the curve due to other economic factors such as the increase in home price or quite possibly an increase in interest rates. The information provided here is not actual data, the chart displayed is for demonstration purposes only, however, the situation is relative to the current Real Estate Market and the general public's hesitation in regards to deciding when is the right time to buy, sell or invest.

For a detailed market analysis and current market conditions that may affect your decision in buying, selling or investing in Arizona Real Estate please contact us directly. Minimize your risk by working with a Real Estate Professional that has experience with the factors mentioned in this article or educate your self by researching the Economic and Demographic information related to the city you live in, you might start with searching for your city's local Chamber of Commerce.

For more information visit: http://www.arizonarealestatebusiness.com