Scottsdale and Phoenix Real Estate News

Sept. 22, 2019

Scottsdale Housing Market Update

The Scottsdale Housing Market continues to be a very strong Seller's Market with above-average demand and supply below normal for Single Family Homes. As of September 19th, there are only 1,501 Active Listings which is a -16% Annual Change from last year. We Need Homes and Condos! Call or Text me to discuss my Guaranteed Proven Marketing Plan to Sell your Home Faster for More Money!  

Liz McDermott Realtor HomeSmart Direct: 480-414-3123

Here is the September Housing Report for the Arizona Regional MLS Area:

New Listings Up 10% from July to August

Supply is Down 73% in this Area and Price Range

For Buyers: A faint glimmer of good news for buyers, supply finally stopped declining and actually rose a tiny bit in the last week. While active listings are still 16% lower than they were this time last year, they’re 1% higher than 4 weeks ago. This rise can be attributed to a 10% increase in new listings from July to August, which is not uncommon as July is typically a low point in the year for new listings. However this August was 3% below last August in comparison and the lowest August since 2016. One price range that is still declining in supply is $200K-$250K, which has plummeted 51% since February. The Southeast Valley on the Maricopa County side has seen the largest decline of 73% in this price range for single family homes. Gilbert is especially low with only 5 listings in the entire city under $250K as of September 9th, all of them townhomes with an average size of 1,116 square feet.

For Sellers: For some sellers the idea of listing their home is stressful, even if they really need to sell it. The pressure of keeping their home clean for showings and open houses, enduring negative feedback, and the unknowns of the inspection report can send homeowners right into the arms of flip investors who will happily buy their home “as is” with significant fees attached. While there is nothing wrong with doing that (there is value in ease and certainty) sellers should understand that if their home lands within a frenzy price range for their area, where there are literally more homes under contract than there are for sale, they may be pleasantly surprised at how little they have to do to sell it on the MLS. Negotiable listing costs, multiple contracts and buyers willing to buy “as is” make this the perfect market for sellers who know their home is not so perfect. To find out if your property lands in a frenzy zone, contact your local Realtor.

Commentary written by Tina Tamboer, Senior Housing Analyst with The Cromford Report ©2019 Cromford Associates LLC and Tamboer Consulting LLC 

 

Posted in News
Sept. 8, 2019

Scottsdale Housing Market

The Scottsdale Housing Market continues to be a very strong Seller's Market with above-average demand and supply below normal. As of September 5th, the number of Active Listings is -14.2% from last year and -6.5% from last month. We Need Homes and Condos! Call or Text me to discuss my Guaranteed Proven Marketing Plan to Sell your Home Faster for More Money!

Liz McDermott Realtor HomeSmart Direct: 480-414-3123Credits: The Cromford Report and Michael Orr

Here is the Cromford Market Index for the 17 Largest Cities!Credits: The Cromford Report and Michael Orr

Questions? Call or Text Liz McDermott Realtor HomeSmart Direct: 480-414-3123

Posted in News
July 13, 2019

Surprise Arizona New Homes

New Home Growth Continues with Sterling Grove located within Prasada!
Construction is beginning on Sterling Grove model homes in the Surprise, AZ master-planned community of Prasada as recently announced in the Phoenix Business Journal.  This 3,200-acre community will have a golf club managed by Troon,  the largest golf management company in the world. Look for this new community in Surprise, AZ located off the Loop 303 near Peoria and Greenway roads.

The Arizona housing market is growing rapidly, along with jobs and personal income.  The state of Arizona personal income grew 5.5% in the First Quarter of 2019 according to the Bureau of Economic Analysis.

If you're ready to move into a New Construction or Golf Course home today, I can help you find your Dream Home whether you live here in Arizona or are moving here from out of state. View New Construction Homes or Golf Course Homes on the MLS and give me a call to discuss how I can help you as your Buyer's Agent!

Liz McDermott, Realtor HomeSmart

Direct: 480-414-3123

Posted in News
June 8, 2019

Relocating from San Francisco to Phoenix or Scottsdale Arizona!

With over 300+ Days of Sunshine and affordable housing, over 60,000 Californians moved to Arizona in 2017 alone. In fact, according to an article on HowMuch.net, the average salary needed to buy a home in the Phoenix area is $57.6K vs. $199K for San Francisco! 

The Zillow Home Value Index as of April 2019 for the San Francisco Market is $1,357,500 vs. $480,200 for Scottsdale vs. $242,600 for Phoenix! A recent article in the Phoenix Business Journal highlights a website from the Greater Phoenix Economic Center with details regarding affordable housing, short commute times and numerous golf courses in the Phoenix area. For those who are considering relocating, banner ads on cars in the Bay Area will read #CAstruggles are Real! TimeToGetOut.io to help share the news!

If you're relocating to the Phoenix or Scottsdale area, let me help you find your Dream Home Now! 

Click below to View Properties updated every 15 minutes!

Phoenix Homes

Scottsdale Luxury Homes 

Golf Course Homes

Gated Communities

New Construction Homes

Liz McDermott Realtor Homesmart:  Call or Text Direct:  480-414-3123

 

 

Posted in News
Jan. 10, 2019

48th Annual Barrett-Jackson Scottsdale Collector Car Auction

The 48th Annual Barrett-Jackson is starting this weekend and is being hosted by Westworld of Scottsdale near McDowell Mountain Ranch.  This can't miss event is located on a convenient parcel of North Scottsdale Real Estate at 16601 N. Pima Rd. in Scottsdale, Arizona 85260.  Bidding starts on Saturday, January 12th and runs thru Sunday, January 20th with about 1800 cars to be sold.  Daily tickets, weekly passes and VIP Packages can be purchased on the Barrett-Jackson website.

Don't miss the Family Value Day this Saturday, January 12th where kids 12 and Under get in Free! You can also view the Full Schedule so you don't miss the first Barrett-Jackson Invitational Bullfighters Only event on Jan 17th-19th.

There will be a 1965 Mercedes-Benz 230 SL Roadster, once owned by John Lennon, auctioned off this year.  Don't miss the Dodge Thrill Rides offering an amazing closed course ride with a professional driver!  

Contact Liz McDermott Realtor with HomeSmart to find the Dream Home for your Dream Cars.  Click here for all Scottsdale Homes For Sale with a 5 car garage or more! 

Call or Text Liz directly at 480-414-3123.

Posted in News
Dec. 21, 2018

Pinnacle Peak Hiking and Homes

Pinnacle Peak Hiking & Homes For Sale in Scottsdale, AZ 85262

Hiking is the New Golf!  

If you want to live near and enjoy the Scottsdale hiking lifestyle, look no further than Pinnacle Peak trail located within Pinnacle Peak Park at 26802 N. 102nd Way Scottsdale, AZ 85262.  This trail is one of my favorite hikes in the Scottsdale area and is located near the Four Seasons Resort.  The hike is 1.75 miles one way and offers amazing views of the Scottsdale and Phoenix area from a high point of 2,889' in elevation.  You can view a Pinnacle Peak trail map to view the elevation profile before your trip and remember to always bring plenty of water.  You can sing along to your favorite holiday song with the lyrics on the side of the trail!

If you are ready to start looking at the neighborhoods in this area to find your dream home, contact us at 480-414-3123 to schedule a complementary tour for you.  Currently, there are over 400 Scottsdale properties for sale in the 85262 zip code.  You can click here to view all the properties now that are updated every 15 minutes and save your favorites.  Follow me on Facebook for more Scottsdale Area Real Estate News!

Pinnacle Peak Views

Twelve Lizards Leaping Lyrics

Posted in News
Oct. 27, 2018

Kierland Pop

Kickoff the Holiday Season with Kierland POP!

November 16th-18th, 2018:  Experience Live Art, Music, Food, a 5K Run/Walk and Philanthropy  

Events Include:

Friday Night 6-9 PM POP Charity Night:  Located at the Westin Kierland Resort and Spa located at 6902 E. Greenway Pkwy., Scottsdale, AZ 85254.  The night will include live music and over 20 samplings from restaurants, wineries, and breweries. Click here for tickets and more information.

Saturday Kierland POP Art and Music Festival 10AM-5 PM: To be held on Kierland Boulevard between Kierland Commons, 15205 N. Kierland Blvd. Scottsdale, AZ 85254, and The Westin Kierland Resort & Spa.  Click here for more information on the live music and art performances. Free Admission for everyone!

Junk in the Trunk Vintage Market Saturday 9 AM - 4 PM: To be located on Kierland Boulevard with Free Admission. Visit this amazing Market where reaching the local community has been at the heart of this event, partnering with non-profits for the greater good.  Click here for more information!

Brew Skies 5K Run/Walk Saturday 5-6:30 PM: A new addition to Kierland POP, this 5k Run/Walk will start at Kierland Commons Main Street and wrap around the Kierland Resort & Spa Golf Course greens & to the finish line at Kierland Boulevard. Legendary Scottish bagpipes will serenade you around the Westin Kierland Resort as you make your way to the finish! Click here to register for the 5K!

As you enjoy this Holiday Season event, you will see this is a beautiful area of Scottsdale, Arizona and offers numerous real estate opportunities for you to call home. You can click here to view all the Kierland Homes and Condos For Sale that are updated every 15 minutes.  You can also save any favorites you like and call or text me to find out more information.  If you decide a home on the golf course is what you want after the 5K Run/Walk, you can click here for the latest New Golf Course Homes For Sale in Scottsdale!

Posted in News
Oct. 26, 2018

2019 Birds Nest Tickets ON Sale Now!

The 2019 Coors Light Birds Nest Lineup has been announced! Jake Owen, Old Dominion, Lee Brice, The Chainsmokers, and Snoop Dogg will perform at next year's Coors Light Birds Nest, Jan. 30 - Feb. 2, 2019.  Brandon Lay, Michael Ray, Midland, DJ Vice, and Justin Mylo will also perform. 

Country Star Jake Owen will be performing on Thursday, Jan 31st.  The Chainsmokers and Snoop Dog will take the stage on Friday, Feb 1st. Tickets are now on sale at the Coors Light Birds Nest!

There are also VIP Passes For the Birds Nest For Sale now!

General admission and Greenskeeper tickets are also available For The Greatest Show on Grass Jan 28th- February 3rd, 2019!  Click Phoenix Open Greenskeeper Tickets for more information to buy your individual or corporate packages now.

With over 200 golf courses in the Scottsdale and Phoenix area, The TPC Scottsdale is one of the finest.  Interested in finding a Home or Condo on the Golf Course in the area?  Click here to view all the new MLS properties updated every 15 minutes! Golf Course Homes For Sale in Scottsdale

Posted in News
May 5, 2018

Zillow Research in March Says Phoenix Home Prices are on the Rise!

Phoenix Home Prices are On the Rise!

According to the Zillow Research Market Report that was released for March 2018, Home inventory levels in the Phoenix area are currently at historic lows and are shrinking.  There was a total of 18,062 homes available for sale in the region with the cheapest tier of home inventory levels down 24 percent.  This lack of homes is driving up sale prices and the median home price in Phoenix is now $252,799 per the Phoenix Business Journal Residential Real Estate article on April 29,2018.

Curious what your Home is worth in today's market? 

Click here for your Free Instant Home Value

You can also Call or Text us and request your Home Value Report Free of Charge!

 

Posted in News
April 1, 2018

North Scottsdale Luxury Silverleaf $18.8 Million Home in DC Ranch sets Record!

Scottsdale Silverleaf $18.8 Million Home Breaks Arizona Record!

The recent sale of a 21,000 Square Foot mansion in Silverleaf DC Ranch broke the record for the priciest home sale in Arizona.  The home is located in North Scottsdale within Silverleaf, a neighborhood within the DC Ranch Luxury Master Planned Community.  This luxury Scottsdale home has two elevators, 14 bathrooms, 5 indoor and outdoor kitchens and a golf simulator.  The home also has one of the largest collections of European reclaimed building materials in the West, including 400 year old French doors and 200 year old oak beams.

The home's new owners will be neighbors with what is now the 2nd priciest home to sell in Arizona.  That 20,000 square foot home pictured below sold for $17.5 Million 3 weeks ago in Silverleaf as well.

To View all Homes, Condos and Townhomes For Sale ranging from $160K to $11.5 Million in this North Scottsdale Zip Code 85255 Click Here.  These Property Listings are updated every 5 minutes so you can Search and Save Favorites!

Posted in News