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May 17, 2008
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  CONDITIONS™
By Local Real Estate Experts  

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.


Market Conditions Summary for Scottsdale, Arizona


Reported by

Christian Broadwell, GRI (480) 206-1258
as of 5/17/2008:
Single family homes sales are starting to show some life with June's sales at 966, that's up 8% from May's 893 sales. This is good news after see the record number of foreclosures taking place throughout the valley. Total year to date sales are up... MORE->
About Christian Broadwell, GRI (480) 206-1258

Reported by

Patricia Hill, E-Pro (480)632-5959
as of 5/17/2008:
Currently there are 4246 single family homes on the market and there were 265 sales of single family homes in the last 30 days in Scottsdale. Homes sold in an average of 163 days (which is longer than the overall average for the Phoenix area).... MORE->
About Patricia Hill, E-Pro (480)632-5959

Reported by

Greg Sidoff
as of 5/16/2008:
The Scottsdale real estate market has settled down; currently there is around 4246 single family detached homes for sale in the month of February. If you are a buyer now is the time to find some great deals while interest rates are still low. The... MORE->
About Greg Sidoff

Reported by

Emmet Acebedo
as of 5/16/2008:
My two cents What will Congress and Bernanke do about this Foreclosure market and the economy? Foreclosures are something that has been a component of my articles for the past 16 months and I yet to see the amount of foreclosure decrease.... MORE->
About Emmet Acebedo

Reported by

Kent Gagon
as of 5/16/2008:
"IT IS ONLY A BUYERS MARKET IF YOU BUY!" The Real Estate Market is showing signs of life again! 4885 total homes closed in April up from 4209 in March! The total number of homes pending sale continues to rise, currently at 7125 as of 5/6/08.... MORE->
About Kent Gagon
Watch one of my Television commercials.

Reported by

Kristen VanArsdale
as of 5/15/2008:
YOU CAN STILL BUY A HOUSE IN SCOTTSDALE UNDER $300k. It may require updating cosmetic or more major but they are out there. If you are an investor these homes can be money makers to fix and flip. Thinking of selling? The average days on... MORE->
About Kristen VanArsdale

Reported by

Sandra Bonfim Lange
as of 5/15/2008:
Call us today at 480-980-0391 Great invetory of homes to choose from - FREE list of homes delivered to you. Homes in Scottsdale were selling as fast as they were getting in Market, or even before gettig in the market, homes were sold above asking... MORE->
About Sandra Bonfim Lange

Reported by

Bruce The Moose Fraser
as of 5/15/2008:
The month of May not only brings us a beautiful weather but also a great market for local buyers. With home prices coming down and the high number of homes listed it would be the ideal time for buyers to make a move. There are several factors that... MORE->
About Bruce The Moose Fraser

Reported by

Ron Wilczek
as of 5/15/2008:
SEE EVERYTHING YOU NEED TO KNOW -- CLICK ON "MORE ->"... ALL THE CURRENT FACTS ARE HERE. NOTE: MAY 2008 in Scottsdale - 12-months of sales data below will help you understand the market. For more information on how Foreclosures specifically affect... MORE->
About Ron Wilczek

Reported by

Bob Stahl
as of 5/15/2008:
As in Greater Phoenix as a whole, the number of homes resold in Scottsdale in April increased - 8% to 330 homes. The median sales price fell 3.5% to $506,500, though it had increased 2% in March. Price declines, though, are not necessarily... MORE->
About Bob Stahl

Reported by

Karen Picarello
as of 5/14/2008:
Call Karen Picarello for more information at 888-548-8713. Call Karen Picarello for more information at 888-548-8713. Since February 1st, only 3 months ago, the Valley wide supply of homes has gone from a 19 1/4 month supply to a 10 1/4 month... MORE->
About Karen Picarello

Reported by

Jackie Dokos
as of 5/14/2008:
We are celebrating Father's Day by offering a Father's Day Special Gift of $500 at closing when you buy or sell your real estate through Jackie and Mike Dokos. Call us at 888-810-8330 or email us at jackiedokos@hotmail.com. Monthly Statistics... MORE->
About Jackie Dokos
Watch one of my Television commercials.

Reported by

John Fagundes
as of 5/12/2008:
WELOME TO Scottsdale!!!! Scottsdale is currently experiencing a buyers market with prices trending downward. Call me now to take a look at some of the great deals out there. The average price of a single family residence is approx $ 504,325. Please... MORE->
About John Fagundes

Reported by

Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
as of 5/10/2008:
Sales in Scottsdale were down 26% vs 2007 for April 2008 ( - 31% YTD) as the market continues to struggle. If you are "thinking" about buying a home now may be the perfect time with rates still at historical lows, prices are down and supply way up.... MORE->
About Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
Watch one of my Television commercials.

Reported by

Anna Tseplaeva, GRI, e-Pro, 602.370.1041
as of 5/7/2008:
The average sales price of a home in North Scottsdale in March was $765,599. There's a slight decrease compared to the February's average sales price of $768,323. Average sales price in January and December'07 was $739,096and $705,745... MORE->
About Anna Tseplaeva, GRI, e-Pro, 602.370.1041

Reported by

Marcelle Dasgupta
as of 5/2/2008:
You can reach me at 480-203-9447or marcelledas@gmail.com.The Phoenix metro area is continuing to see strong employment and population growth. A vibrant economy, good business, climate and high standards of living continues to attract business, high... MORE->
About Marcelle Dasgupta

Reported by

Susan Kessler
as of 5/1/2008:
The first set of data is based on single family residences only. The average single family home is larger than those in most Phoenix area cities at approximately 2750 square feet. Scottsdale's average home price is second only to Paradise Valley in... MORE->
About Susan Kessler

Reported by

Tiffany Huff & Your Home Team!
as of 5/1/2008:
Don't hesitate to call us direct at 1-480-703-2364!!! ASK FOR FREE ACCESS TO THE LOCAL MLS!!! Scottsdale, Scottsdale, Scottsdale...it's where most everyone wants to be...and for obvious reasons! This city has an international presence that draws... MORE->
About Tiffany Huff & Your Home Team!

Reported by

Jeff Orofino
as of 4/29/2008:
The market conditions in Scottsdale Market indicate a tough market. Home prices are decreasing to what the market will bare. The inventory of homes is definitely on the rise and more homes are on the market for longer extended periods of... MORE->
About Jeff Orofino

Reported by

Jim Biggs-Prudential Broker 866.250.9595
as of 4/29/2008:
Call us locally at: 480.390.6562 or 602.615.9137! Ask for a FREE CUSTOM MLS search website! Higher than normal resale inventory to the market is providing a buying opportunity! Each month of 2008 has shown an increase in sales! Its a BUYERS... MORE->
About Jim Biggs-Prudential Broker 866.250.9595

Reported by

Chris Harvey
as of 4/23/2008:
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... MORE->
About Chris Harvey

Reported by

Bob & Pamela Goodrich
as of 4/15/2008:
While other parts of the valley seem to be seeing the reduction of prices. Scottsdale properties are holding their value. If looking for a property that fits the lifestyle and at the same time in a location that holds it's value Scottsdale is the... MORE->
About Bob & Pamela Goodrich

Reported by

The DeCoste Team
as of 4/3/2008:
In March 396 properties sold in comparison to 333 in February of this year The average Sales Price for February was $638,949. Currently there is 6,251 Active properties for sale within Scottsdale. At the rate of sales for the last 6 months there is... MORE->
About The DeCoste Team

Reported by

Barb & Ken Beck
as of 3/20/2008:
Scottsdale's desirability helps it in slump Misty Williams, Tribune When Jana Barrow and her husband put their Scottsdale house on the market last summer, the mortgage market was on the verge of a full blown meltdown and home values were... MORE->
About Barb & Ken Beck

Reported by

Melissa OConnell
as of 3/16/2008:
Although most of the major price corrections have Although most of the major price corrections have taken place in the outer suburban areas of Phoenix where investors were most heavily involved, one cannot escape the large inventory of homes and the... MORE->

Reported by

Chris Dunham
as of 2/28/2008:
Attention Buyers! Looking for a great deal? Looking for a new home? I have new homes listed from $88,000 to $205,900. From 993 square feet all the way up to 3,900! 15% Bond Program to use for your down payment! I also have the ability to get you... MORE->
About Chris Dunham


Average Current Market Rating: 1.8    (26 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2.1    (26 ratings)




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Falling

Rising

Navigate: Top > Arizona > Scottsdale
Ancala - Arcadia - Boulder Heights - DC Ranch - Desert Mountian - Gainey Ranch - Grayhawk - Mirabel - North Scottsdale - Old Town Scottsdale - McCormick Ranch - McDowell Mountain Ranch - Pinnacle Peak - South Scottsdale - Troon North


Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.



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