Scottsdale real estate sales have increased significantly in the last 60days. Did someone turn on the switch? I am seeing several investor groups and out of state buyers bidding on multiple properties. Many of these properties are Bank and Lender owned, however they are getting purchased at a strong rate. March loan applications where way up according to Jim Best at Adobe Financial Mortgage. People are taking advantage of the low interest rates and the Bank and Lender owned bargains out there.
Valleywide the number of Pending transactions for March was over 7000. Thats a very notable statistic. Units sold have been on the increase since January.
ZIP Codes: 85281, 85257, 85251, 85250, 85258, 85260, 85259, 85254, 85255, 85262, 85268, 85253 Location Characteristics: Scottsdale has become internationally recognized as a premier, upscale tourist destination, while maintaining its own identity and culture as "The West's Most Western Town."
Currently, North Scottsdale is the most actively developed area of the city. This portion of the city claims many of the most expensive homes in the western hemisphere, with many exceeding $5 million in value. According to the 2007 Census Bureau estimates, the population of the city was 240,410.
Old Town Scottsdale is an area with many streets, stores, restaurants, bars, nightclubs, and western art galleries evoking the old cowboy era. Scottsdale's main cultural district is also in this area, which includes the high-end Scottsdale Fashion Square Mall, one of the twenty largest malls in the United States,[11]. The district has currently seen a revival, with new condominiums and hotels under construction.
About Chris Harvey:
Chris Harvey is a senior Associate Broker with West USA Realty. He has been helping people achieve the American Dream, Homeownership for 18 years here in the Valley of the Sun.
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