Scottsdale Real Estate & Homes For Sale | Scottsdale Arizona » Scottsdale Ranch

Generosity, Giving, Charities and Buying or Selling Real Estate:

Jim Plummer — Thu, 22 Dec 2011 18:26:14 +0000

Generosity, Giving, Charities and Buying or Selling Real Estate:

As an agent, we strive to work to our full diligence to not only support ourselves and families, but it’s the time and the spirit to give those who deserve best. I have supported many charities over the years in volunteering, giving items they need, or make a small donation. I feel there is more work to be done for charities we support. That said, I want to make a generous offer for future clients.

Sellers in Scottsdale Real Estate:

As your listing agent in the municipality of Scottsdale, if you list real estate with me in Scottsdale, and you mention “AZValleyHomes4U Charities” as of today’s date through January 15, 2012, and anytime we close, I will donate 5% of my commission to the charity of your choice. (Rentals excluded)

Buyers in Scottsdale Real Estate:

As your buyer’s agent in the municipality of Scottsdale, if you buy real estate from me and the seller agrees to the contract as of today’s date through January 15, 2012 in Scottsdale, and you mention “AZValleyHomes4U Charities”, I will donate 5% of my commission to the charity of your choice. (Rentals excluded)

Scottsdale Proud:

As a resident in the City of Scottsdale, I am proud to call Scottsdale home. I want to support the foundations here in Scottsdale as we work together to assist those in need. For you and me, we become one to work together to serve this community and the foundations we deeply support.

If you ever consider making Scottsdale your home, here are some real estate you may consider:

$310,000 : 10315 E Acoma Drive, Scottsdale

4 beds, 2.50 baths

Home size: 2,797 sq ft

Lot size: 6,050 sq ft
$525,000 : 11004 N Miller Road, Scottsdale

5 beds, 2.75 baths

Home size: 2,965 sq ft

Lot size: 1.11 ac
$850,000 : 14208 E Windstone Trail, Scottsdale

3 beds, 3.00 baths

Home size: 3,957 sq ft

Lot size: 3.78 ac
$525,000 : 27828 N 143rd Street, Scottsdale

4 beds, 4.50 baths

Home size: 6,400 sq ft

Lot size: 1.25 ac
$899,000 : 10373 E Filaree Lane, Scottsdale

4 beds, 4.00 baths

Home size: 3,907 sq ft

Lot size: 24,435 sq ft
$997,500 : 11248 N 74th Street, Scottsdale

5 beds, 5.00 baths

Home size: 5,229 sq ft

Lot size: 34,792 sq ft
$995,000 : 10040 E Happy Valley Road, Unit 269, Scottsdale

4 beds, 4.50 baths

Home size: 4,680 sq ft

Lot size: 18,357 sq ft
$895,000 : 11499 E Morning Vista Road, Scottsdale

3 beds, 2.00 baths

Home size: 3,132 sq ft

Lot size: 4.98 ac
$325,000 : 34317 N 138th Street, Scottsdale

5 beds, 5.00 baths

Home size: 4,345 sq ft

Lot size: 1.00 ac
$950,000 : 11840 N Blackheath Road, Scottsdale

4 beds, 3.00 baths

Home size: 4,755 sq ft

Lot size: 1.60 ac

Listing information deemed reliable but not guaranteed. Read full disclaimer.

The Fiesta and the Insight of Football and Real Estate

Jim Plummer — Fri, 16 Dec 2011 20:21:19 +0000

The Fiesta and the Insight of Football and Real Estate:

The college football bowl season is here. The citizens here in Phoenix Valley Metro Area are proud to host two college football bowl games this year in Tempe and Glendale. We welcome these four schools, their fans, alumni and friends of these respective universities which are The University of Iowa, Oklahoma University, Stanford University, and Oklahoma State University. All schools have alumni groups here in “the valley” and sure there will be festivities planned. I will provide you some important links to get you connected with area alumni organizations during your stay. Welcome to “The Valley of the Sun”!

Insight Bowl:

Oklahoma Sooners v. Iowa Hawkeyes

December 30, 2011 – 8:00 PM / Arizona time

Sun Devil Stadium, Tempe

Phoenix Area Alumni Club Links:

Oklahoma University & University of Iowa

Tostitos Fiesta Bowl:

Stanford Cardinal v. Oklahoma State Cowboys

January 2, 2012 – 6:30 / Arizona time

University of Phoenix Stadium, Glendale

Phoenix Area Alumni Club Links:

Stanford University & Oklahoma State University

Welcome!

The majority of the night-life festivities will be in Oldtown Scottsdale. While you are on a visit, if you have considered looking at other places like Florida, California, or the Carolinas as your second home, then you may want to consider looking at the Phoenix Valley Metro area. I have posted some real estate in Scottsdale below. They will give you a perspective what real estate is like in this market, in contrast from other markets. I will be glad to assist you in your search for real estate and wish you the best of luck in the bowl games of your school. May the best win.

Scottsdale Real Estate – Detached Homes:

Showing properties 1 – 10 of 500+. See more city of Scottsdale real estate.
(all data current as of 12/16/2011)

$1,200,000 : 10175 E Duane Lane, Scottsdale

5 beds, 5.50 baths

Home size: 5,347 sq ft

Lot size: 39,560 sq ft
$525,000 : 11004 N Miller Road, Scottsdale

5 beds, 2.75 baths

Home size: 2,965 sq ft

Lot size: 1.11 ac
$1,999,000 : 10612 E Winter Sun Drive, Scottsdale

5 beds, 6.00 baths

Home size: 9,500 sq ft

Lot size: 1.01 ac
$1,195,000 : 9620 E Rising Sun Drive, Scottsdale

4 beds, 4.50 baths

Home size: 5,113 sq ft

Lot size: 1.46 ac
$850,000 : 14208 E Windstone Trail, Scottsdale

3 beds, 3.00 baths

Home size: 3,957 sq ft

Lot size: 3.78 ac
$1,850,000 : 9701 E Happy Valley Road, Unit 23, Scottsdale

5 beds, 4.50 baths

Home size: 5,227 sq ft

Lot size: 4.37 ac
$525,000 : 27828 N 143rd Street, Scottsdale

4 beds, 4.50 baths

Home size: 6,400 sq ft

Lot size: 1.25 ac
$899,000 : 10373 E Filaree Lane, Scottsdale

4 beds, 4.00 baths

Home size: 3,907 sq ft

Lot size: 24,435 sq ft
$995,000 : 10040 E Happy Valley Road, Unit 269, Scottsdale

4 beds, 4.50 baths

Home size: 4,680 sq ft

Lot size: 18,357 sq ft
$895,000 : 11499 E Morning Vista Road, Scottsdale

3 beds, 2.00 baths

Home size: 3,132 sq ft

Lot size: 4.98 ac

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Scottsdale Real Estate – Condominiums:

Showing properties 1 – 10 of 500+. See more city of Scottsdale real estate.
(all data current as of 12/16/2011)

$138,000 : 20100 N 78th Place, Unit 1199, Scottsdale

2 beds, 2.00 baths

Home size: 1,116 sq ft

Lot size: 1,173 sq ft
$695,000 : 7181 E Camelback Road, Unit 4071, Scottsdale

2 beds, 2.00 baths

Home size: 1,554 sq ft
$35,900 : 8211 E Garfield Street, Unit J217, Scottsdale

1 bed, 1.00 baths

Home size: 60,317 sq ft
$235,000 : 15221 N Clubgate Drive, Unit 1103, Scottsdale

2 beds, 2.00 baths

Home size: 1,401 sq ft
$995,000 : 7181 E Camelback Road, Unit 1102, Scottsdale

2 beds, 2.50 baths

Home size: 2,041 sq ft
$139,500 : 9450 N 95th Street, Unit 201, Scottsdale

2 beds, 2.00 baths

Home size: 1,164 sq ft

Lot size: 126 sq ft
$2,499,000 : 7175 E Camelback Road, Unit PH07, Scottsdale

3 beds, 3.50 baths

Home size: 3,940 sq ft

Lot size: 3,940 sq ft
$48,900 : 1274 N 84th Place, Scottsdale

2 beds, 1.50 baths

Home size: 950 sq ft

Lot size: 42 sq ft
$499,000 : 9232 E Whitethorn Circle, Unit 616, Scottsdale

2 beds, 2.00 baths

Home size: 1,631 sq ft

Lot size: 4,866 sq ft
$45,000 : 4800 N 68th Street, Unit 202, Scottsdale

1 bed, 1.00 baths

Home size: 851 sq ft

Lot size: 886 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Prices Rising For Real Estate in Gainey, McCormick, and Scottsdale Ranches?

Jim Plummer — Thu, 01 Dec 2011 21:03:28 +0000

Price Rising for Real Estate in Gainey, McCormick, and Scottsdale Ranches?

As we have dealt with the high number of foreclosures and short sales in Scottsdale, and the Phoenix Valley Metro area over the past few years, apparently the real estate market is beginning to move in some areas. Some places are having strong due to the higher desirability of living in those areas. There are three areas that are showing evidence of strength of their markets based on active listing prices. All areas end with Ranches. You would think many would want a newer home in a newly and recently developed area. Apparently, that is not the case as these subdivisions have been around for several decades when homes are listed. Of course, Scottsdale is desirable location and it’s very cold up north, where people have the desire to have real estate here.

Based on an intriguing article I read by Dru Bloomfield, there are evidences showing that listing prices of real estate in the central Scottsdale location includingMcCormick, Gainey and Scottsdale Ranchesare rising! It’s to say that lower foreclosures, short sales and lower supply appear to be taking a dip in the 86268 zip code location. The evidence the Ms. Bloomfield provided, show these subdivisions combined are on the upswing of listing prices. All locations she provided are in the same zip code of 85258.

From the closing standpoint, are real estate in Gainey, McCormick, and Scottsdale Ranches really rising? I looked up some numbers over the past 6 months in each of these subdivisions. My analysis is based on my search of the City of Scottsdale, and name of the subdivision, on a month by month basis in the Arizona Regional Multiple Listing Service (ARMLS). Here’s the breakdown in 2011 of what is sold and the mean (average) prices were for each month:

Scottsdale Ranch:

June: 4 sold at an average price of $373,750
July: 9 sold at an average price of $459,800
August: 4 sold at an average price of $419,700
September: 2 sold at an average price of $503,000
October: 10 sold at an average of $431,600
November: 5 sold at an average of $371,300

Gainey Ranch:

June: 5 sold at an average of $403,200.
July: None sold
August: 2 sold at an average of $607,500
September: 1 sold at an average of $365,000
October: 2 sold at an average of $550,000
November: None sold

McCormick Ranch:

June: 4 sold at an average of $446,000
July: 1 sold at an average of $325,000
August: 2 sold at an average of $377,500
September: 2 sold at an average of $520,000
October: 4 sold at an average of $293,500
November: 1 sold at an average of $875,000

For each of these subdivisions, it’s not too easy where the market is going, based on sales price. The analysis shows more of a bell curve for Scottsdale Ranch on sales price. The lowest mean sales prices were in July and November, but September had the highest with only 2 sold for $550,000. McCormick Ranch had a roller coaster affect, but the low number of sales, which only 1 was sold for $895,000 in November, the highest price in all 6 months.

I will say there are a low number of homes on supply of my today’s article date for McCormick (10 homes) and Scottsdale Ranches (21 homes). Scottsdale Ranch is a larger subdivision of the two. I believe the listing price and sales price will rise again slightly. McCormick Ranch has 10 homes currently listed. Based on that lower supply, the listing prices will continue to increase.

Gainey Ranch on the other hand, has a low number of sales, but a large supply of real estate available. For whatever reason, based on my findings, Gainey Ranch had the lowest number real estate sold, and the highest number (57) of real estate on the market. I don’t see a higher listing or sales increase in Gainey Ranch for now. In the end, we have just entered the winter months when the folks from cold, northern climate areas are wanting to come here to search for real estate and to live here. That said, the analysis shown from an article I read, written by Ms. Bloomfield is indicating its increase of listing prices, as it becomes that time of the year where listing prices are higher in these popular areas. From closing of a sale, and the market conditions of sale prices, not necessarily increasing at this time, but only time will tell between now and the end of April.

All three subdivisions are attractive to a Scottsdale buyer in real estate. They have different characteristics for each one, which would skew the average sales prices. Too see some currently active real estate in Gainey, Scottsdale, and McCormick Ranches, simply browse through the listings below. If you are interested in any of these homes, contact me. I have the keys to every Scottsdale real estate in Gainey Ranch, Scottsdale Ranch, and McCormick Ranch!

Scottsdale Ranch – Scottsdale Real Estate:

Showing properties 1 – 5 of 54. See more Scottsdale Ranch community real estate.
(all data current as of 12/1/2011)

$560,000 : 11126 E Carol Avenue, Scottsdale

4 beds, 3.50 baths

Home size: 3,887 sq ft

Lot size: 22,258 sq ft
$254,000 : 10191 N 105th Way, Scottsdale

2 beds, 2.00 baths

Home size: 2,041 sq ft

Lot size: 4,480 sq ft
$279,900 : 10528 E Saddlehorn Drive, Scottsdale

3 beds, 2.75 baths

Home size: 2,187 sq ft

Lot size: 3,940 sq ft
$480,000 : 9796 E Ironwood Drive, Scottsdale

4 beds, 3.00 baths

Home size: 3,359 sq ft

Lot size: 10,880 sq ft
$290,000 : 10511 N 104th Place, Scottsdale

2 beds, 2.00 baths

Home size: 2,021 sq ft

Lot size: 5,178 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Gainey Ranch – Scottsdale Real Estate:

Showing properties 1 – 5 of 46. See more Gainey Ranch community real estate.
(all data current as of 12/1/2011)

$299,900 : 8989 N Gainey Center Drive, Unit 237, Scottsdale

2 beds, 2.00 baths

Home size: 1,970 sq ft

Lot size: 186 sq ft
$450,000 : 7400 E Gainey Club Drive, Unit 143, Scottsdale

2 beds, 3.00 baths

Home size: 2,025 sq ft

Lot size: 110 sq ft
$1,300,000 : 7475 E Gainey Ranch Road, Unit 11, Scottsdale

4 beds, 4.50 baths

Home size: 4,902 sq ft

Lot size: 10,097 sq ft
$335,000 : 7272 E Gainey Ranch Road, Unit 122, Scottsdale

2 beds, 2.00 baths

Home size: 1,543 sq ft

Lot size: 193 sq ft
$349,000 : 7400 E Gainey Club Drive, Unit 147, Scottsdale

2 beds, 2.00 baths

Home size: 1,792 sq ft

Lot size: 205 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

McCormick Ranch – Scottsdale Real Estate:

Showing properties 1 – 5 of 56. See more Mccormick Ranch community real estate.
(all data current as of 12/1/2011)

$215,000 : 8726 E San Pedro Drive, Scottsdale

2 beds, 2.00 baths

Home size: 1,949 sq ft

Lot size: 7,125 sq ft
$365,000 : 8520 N 85th Street, Scottsdale

4 beds, 2.00 baths

Home size: 2,073 sq ft

Lot size: 10,414 sq ft
$369,900 : 7993 E Via Del Desierto –, Scottsdale

3 beds, 2.00 baths

Home size: 2,520 sq ft

Lot size: 5,578 sq ft
$224,900 : 8700 E Mountain View Road, Unit 2029, Scottsdale

2 beds, 2.00 baths

Home size: 1,342 sq ft

Lot size: 7,500 sq ft
$630,000 : 8205 E Del Claro Drive, Scottsdale

4 beds, 3.00 baths

Home size: 3,441 sq ft

Lot size: 10,150 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Moving to Phoenix / Scottsdale? Don’t know anyone?

Jim Plummer — Fri, 14 Oct 2011 22:08:09 +0000

Today, many people are in a transitional mode where they relocate to a community where they don’t know a soul. I had those experiences multiple times in my life time. You have to understand the transition is never an easy process, but you have to find ways to understand about yourself, who you are and the groups that you may want to be part of to get acquainted.

My very first experience was when I transferred high schools. I transferred to a school where I didn’t know anybody. Almost everybody didn’t have that experience during their younger years. Second, I went to a college where I also didn’t know anyone. Most people and friends I knew during my high school years didn’t have to experience it as they didn’t travel far to obtain higher education. I grew up in a community where the majority of these folks would go to the same school, an hour south and knew many people before they even stepped foot on campus. I went to a small college in out-of-state where nobody in my original area went. Upon my move from my home state of Ohio, I knew people already from the source from transplanted family members, and it was already much easier in the process.

Some of you will have your experience for the first time ever if you relocate to a community like Scottsdale or Phoenix, and not know anyone. From my numerous of experiences, and my new involvements, I can advise you some of the things you need to do in meeting new people, so will become a very easy experience for you.

For example, I feel this is the best time of year to meet people. I would say that especially if you are relocating to “the valley” from the midwest part of our country like Iowa, Nebraska, Wisconsin, Illinois or even Ohio, where you went to a major college in one of these states. If you didn’t go to a major college, but are college football fan of a major program in one of these states, it’s not a problem. So many people all over the country have transplanted to “the valley”, where many collegiate alumni networking groups have formed, where you can join, get involved, and get active! You do not have to go to that particular school. This page below has all the details.

Valley Metro Alumni Groups

Perhaps, you want to learn more about your community like Scottsdale. There are several organizations to look into including:

North Scottsdale Chamber of Commerce

Scottsdale Chamber of Commerce

If you are into recreation and athletics, the City of Scottsdale provides numerous of leagues.

Scottsdale Athletics and Recreation

There are many organizations to choose from networking groups, social groups, and collegiate alumni networking groups. These links are one of a few where you can connect your new community! You can also check out Meetup pages for Scottsdale.

Meetup Groups in Scottsdale and Phoenix

Before you get acquainted with your new community, you need a place to live! If you are looking for a place to rent, there are many condominiums to choose from!

Showing properties 1 – 10 of 500+. See more city of Scottsdale real estate.
(all data current as of 10/14/2011)

$1,495 : 27020 N 64th Way, Scottsdale

2 beds, 2.00 baths

Home size: 2,210 sq ft

Lot size: 35,000 sq ft
$1,600 : 7777 E 2 Nd Street, Unit 217, Scottsdale

2 beds, 2.00 baths

Home size: 1,303 sq ft

Lot size: 7,500 sq ft
$1,600 : 6534 E Night Glow Circle, Scottsdale

2 beds, 2.00 baths

Home size: 1,974 sq ft

Lot size: 7,500 sq ft
$1,450 : 7009 E Acoma Drive, Unit 1060, Scottsdale

3 beds, 2.00 baths

Home size: 1,264 sq ft
$1,000 : 4600 N 68th Street, Unit 378, Scottsdale

2 beds, 2.00 baths

Home size: 1,020 sq ft
$1,750 : 8144 E Maria Drive, Scottsdale

4 beds, 2.00 baths

Home size: 1,854 sq ft

Lot size: 7,500 sq ft
$1,299 : 7009 E Acoma Drive, Unit 1153, Scottsdale

2 beds, 2.00 baths

Home size: 1,158 sq ft
$1,400 : 7009 E Acoma Drive, Unit 1112, Scottsdale

2 beds, 2.00 baths

Home size: 1,158 sq ft

Lot size: 7,500 sq ft
$1,600 : 9268 E Lupine Avenue, Scottsdale

3 beds, 2.00 baths

Home size: 1,443 sq ft

Lot size: 10,000 sq ft
$995 : 9708 E Via Linda Street, Unit 2311, Scottsdale

2 beds, 2.00 baths

Home size: 1,038 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

If you are looking to buy a home, I can assist you in buying a home or condominium that’s right for your budget! There are many affordable homes to choose from in this buyer’s market.

Showing properties 1 – 10 of 500+. See more city of Scottsdale real estate.
(all data current as of 10/14/2011)

$359,500 : 9416 E Wood Drive, Scottsdale

4 beds, 2.75 baths

Home size: 2,311 sq ft

Lot size: 6,826 sq ft
$325,000 : 11000 N 77th Place, Unit 1055, Scottsdale

2 beds, 2.00 baths

Home size: 1,422 sq ft

Lot size: 1,422 sq ft
$450,000 : 6448 E Hearn Road, Scottsdale

5 beds, 3.00 baths

Home size: 3,391 sq ft

Lot size: 18,170 sq ft
$389,000 : 5119 E Poinsettia Drive, Scottsdale

4 beds, 2.00 baths

Home size: 2,340 sq ft

Lot size: 10,420 sq ft
$475,000 : 6711 E Amber Sun Drive, Scottsdale

3 beds, 2.50 baths

Home size: 2,358 sq ft

Lot size: 7,696 sq ft
$425,000 : 7805 E Montebello Avenue, Scottsdale

3 beds, 2.50 baths

Home size: 2,559 sq ft

Lot size: 4,550 sq ft
$449,900 : 7682 E Wingtip Way, Scottsdale

4 beds, 3.00 baths

Home size: 2,519 sq ft

Lot size: 7,800 sq ft
$375,000 : 9038 N 81st Street, Scottsdale

4 beds, 2.50 baths

Home size: 2,844 sq ft

Lot size: 11,343 sq ft
$259,900 : 8245 E Bell Road, Unit 211, Scottsdale

2 beds, 2.00 baths

Home size: 1,528 sq ft

Lot size: 221 sq ft
$310,750 : 12412 N 57th Way, Scottsdale

4 beds, 2.75 baths

Home size: 2,465 sq ft

Lot size: 15,122 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

As we go through the home search process, I can assist you in finding the activities that’s right for you as I welcome you to “the valley of the sun”!

Scottsdale Short Sales

Brian Culhane — Mon, 03 Oct 2011 18:18:37 +0000

Looking at the Scottsdale housing market, it’s very clear that Short Sales are dominating the sales of late…

If you are a buyer looking for a deal on a home, these are some of the best priced homes on the market…. BUT there is a catch: Only 5% of Short Sales ever sell. Why? you ask, because they have more moving parts than any other deal out there. In other words, ”You better have a buyer agent in your corner” that is skilled at navigating the tricky and often times lengthy process of getting offers to stick and getting these home through escrow.

For a list of Short Sale Active Listings and Recent closings

(Look Below this Post)

For more information on the Scottsdale market or Short Sales

I can be reached at brian@scottsdaleparadise.com or 480-650-7712

CMA: Comparable Properties

	4358010	4554698	4564419

	9250 N 96TH PL Scottsdale AZ	8437 E LEWIS AVE Scottsdale AZ	4602 N 74TH PL Scottsdale AZ
List Price	$515,000	$152,000	$187,500
Original List Price	$570,000	$190,000	$185,000
Sold Price
Status	Active	Active	Active
Status Date	09/28/2011	06/27/2011	09/29/2011
Agent Days on Market	564	199	35
Cumulative Days on Market	564	199	35

# Bedrooms	4	2	3
# Bathrooms	2.50	2.00	2.00
Approx SQFT	3,800	1,361	1,661
Apx Lot Size Range	12,501 – 15,000	1 – 7,500	1 – 7,500
Year Built	1984	1960	1967
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$515,000	$152,000	$187,500

CMA: Comparable Properties

	4603459	4605012	4616942

	12639 N 136TH ST Scottsdale AZ	13435 N 92nd PL Scottsdale AZ	8226 E MITCHELL DR Scottsdale AZ
List Price	$1,200,000	$165,000	$205,000
Original List Price	$1,200,000	$119,900	$225,000
Sold Price
Status	Active	Active	Active
Status Date	06/24/2011	09/17/2011	09/27/2011
Agent Days on Market	105	19	14
Cumulative Days on Market	105	19	13

# Bedrooms	6	2	3
# Bathrooms	6.50	2.00	1.75
Approx SQFT	6,150	1,240	1,786
Apx Lot Size Range	18,001 – 24,000	1 – 7,500	1 – 7,500
Year Built	2000	1987	1958
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$1,200,000	$165,000	$205,000

CMA: Comparable Properties

	4619272	4624890	4626074

	10198 E SAN SALVADOR DR Scottsdale AZ	3047 N 85TH ST Scottsdale AZ	9070 E LUDLOW DR Scottsdale AZ
List Price	$309,000	$180,000	$289,900
Original List Price	$349,000	$285,000	$265,000
Sold Price
Status	Active	Active	Active
Status Date	07/21/2011	08/02/2011	09/11/2011
Agent Days on Market	74	62	40
Cumulative Days on Market	74	62	39

# Bedrooms	4	4	4
# Bathrooms	2.00	2.00	2.00
Approx SQFT	2,358	2,161	2,068
Apx Lot Size Range	10,001 – 12,500	7,501 – 10,000	10,001 – 12,500
Year Built	1986	1961	1985
Source Apx Lot SqFt	County Assessor	County Assessor	Builder
Price	$309,000	$180,000	$289,900

CMA: Comparable Properties

	4299798	4386430	4431223

	12593 N 72ND PL Scottsdale AZ	3080 N 87TH WAY Scottsdale AZ	8520 E HIGHLAND AVE Scottsdale AZ
List Price	$1,095,000	$210,000	$159,900
Original List Price	$1,795,000	$235,000	$179,900
Sold Price	$1,059,158	$190,000	$162,000
Status	Sold	Sold	Sold
Status Date	07/08/2011	10/01/2011	07/30/2011
Agent Days on Market	584	338	238
Cumulative Days on Market	582	338	238

# Bedrooms	8	3	4
# Bathrooms	7.50	2.00	2.00
Approx SQFT	8,401	1,524	1,876
Apx Lot Size Range	35,001 – 43,559	1 – 7,500	1 – 7,500
Year Built	2005	1998	1960
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$1,059,158	$190,000	$162,000

CMA: Comparable Properties

	4444177	4481471	4484802

	8819 E ALTADENA AVE Scottsdale AZ	2024 N 70TH ST Scottsdale AZ	17833 N 81ST WAY Scottsdale AZ
List Price	$185,000	$121,000	$260,000
Original List Price	$237,000	$155,000	$349,900
Sold Price	$182,000	$121,000	$260,000
Status	Sold	Sold	Sold
Status Date	06/01/2011	07/28/2011	08/26/2011
Agent Days on Market	287	201	302
Cumulative Days on Market	287	194	299

# Bedrooms	4	3	3
# Bathrooms	2.00	2.00	2.50
Approx SQFT	1,802	1,552	2,208
Apx Lot Size Range	7,501 – 10,000	1 – 7,500	1 – 7,500
Year Built	1979	1958	1995
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$182,000	$121,000	$260,000

CMA: Comparable Properties

	4498093	4512226	4515797

	7036 E BOBWHITE WAY Scottsdale AZ	28905 N 65TH ST Cave Creek AZ	8849 E KALIL DR Scottsdale AZ
List Price	$430,000	$324,900	$169,900
Original List Price	$269,900	$324,900	$199,900
Sold Price	$436,000	$324,900	$163,000
Status	Sold	Sold	Sold
Status Date	09/26/2011	08/17/2011	08/04/2011
Agent Days on Market	307	65	95
Cumulative Days on Market	307	65	95

# Bedrooms	5	3	3
# Bathrooms	3.00	2.00	2.00
Approx SQFT	3,647	2,325	1,935
Apx Lot Size Range	18,001 – 24,000	1 – 1.9 Acres	7,501 – 10,000
Year Built	1996	2000	1978
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$436,000	$324,900	$163,000

CMA: Comparable Properties

	4519451	4526069	4528493

	8470 E COOLIDGE ST Scottsdale AZ	13629 E SHAW BUTTE DR Scottsdale AZ	8049 E FAIRMOUNT AVE Scottsdale AZ
List Price	$219,900	$340,000	$165,000
Original List Price	$219,900	$395,000	$149,990
Sold Price	$230,000	$315,000	$165,000
Status	Sold	Sold	Sold
Status Date	06/13/2011	08/02/2011	07/02/2011
Agent Days on Market	53	159	24
Cumulative Days on Market	49	159	24

# Bedrooms	3	2	4
# Bathrooms	2.00	2.00	2.00
Approx SQFT	1,586	2,324	1,918
Apx Lot Size Range	7,501 – 10,000	1 – 7,500	1 – 7,500
Year Built	1988	1996	1957
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$230,000	$315,000	$165,000

CMA: Comparable Properties

	4534010	4538702	4538924

	8438 E WINDSOR AVE Scottsdale AZ	8537 E SHERIDAN ST Scottsdale AZ	10188 E SAN SALVADOR DR Scottsdale AZ
List Price	$110,000	$150,000	$319,000
Original List Price	$130,000	$150,000	$345,000
Sold Price	$108,000	$144,000	$314,000
Status	Sold	Sold	Sold
Status Date	06/02/2011	07/01/2011	06/30/2011
Agent Days on Market	115	109	75
Cumulative Days on Market	115	107	68

# Bedrooms	3	3	3
# Bathrooms	1.75	2.00	2.00
Approx SQFT	1,423	1,543	2,046
Apx Lot Size Range	7,501 – 10,000	1 – 7,500	10,001 – 12,500
Year Built	1960	1960	1986
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$108,000	$144,000	$314,000

CMA: Comparable Properties

	4541991	4543629	4555349

	13998 N 102ND ST Scottsdale AZ	8537 E Heatherbrae AVE Scottsdale AZ	8307 E MINNEZONA AVE Scottsdale AZ
List Price	$224,990	$147,000	$160,000
Original List Price	$299,000	$150,000	$195,000
Sold Price	$231,000	$147,000	$160,000
Status	Sold	Sold	Sold
Status Date	09/16/2011	06/03/2011	08/12/2011
Agent Days on Market	205	74	92
Cumulative Days on Market	203	74	92

# Bedrooms	3	4	3
# Bathrooms	2.00	2.00	1.00
Approx SQFT	1,879	1,444	1,741
Apx Lot Size Range	1 – 7,500	1 – 7,500	1 – 7,500
Year Built	1994	1965	1960
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$231,000	$147,000	$160,000

CMA: Comparable Properties

	4555376	4555810	4556636

	9333 E LUPINE AVE Scottsdale AZ	7502 E MINNEZONA AVE Scottsdale AZ	4832 N 82ND ST Scottsdale AZ
List Price	$225,500	$180,000	$199,900
Original List Price	$259,900	$180,000	$225,000
Sold Price	$227,000	$180,000	$195,000
Status	Sold	Sold	Sold
Status Date	07/25/2011	06/28/2011	07/28/2011
Agent Days on Market	133	24	128
Cumulative Days on Market	121	22	127

# Bedrooms	3	3	3
# Bathrooms	2.00	1.75	2.00
Approx SQFT	2,068	1,331	2,234
Apx Lot Size Range	10,001 – 12,500	1 – 7,500	7,501 – 10,000
Year Built	1980	1957	1962
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$227,000	$180,000	$195,000

CMA: Comparable Properties

	4558656	4562909	4563864

	4662 N 84TH PL Scottsdale AZ	8350 E INDIANOLA AVE Scottsdale AZ	8232 E PICCADILLY RD Scottsdale AZ
List Price	$210,900	$139,000	$129,000
Original List Price	$210,900	$149,900	$129,000
Sold Price	$215,000	$139,000	$132,000
Status	Sold	Sold	Sold
Status Date	06/01/2011	07/11/2011	07/26/2011
Agent Days on Market	17	79	106
Cumulative Days on Market	14	79	106

# Bedrooms	3	3	3
# Bathrooms	2.00	2.00	2.00
Approx SQFT	1,585	1,416	1,416
Apx Lot Size Range	1 – 7,500	1 – 7,500	1 – 7,500
Year Built	1987	1958	1959
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$215,000	$139,000	$132,000

CMA: Comparable Properties

	4570205	4582597	4585550

	8511 E CAMBRIDGE AVE Scottsdale AZ	13617 E WETHERSFIELD RD Scottsdale AZ	14825 N 97TH PL Scottsdale AZ
List Price	$109,900	$472,500	$249,900
Original List Price	$129,900	$472,500	$249,900
Sold Price	$105,000	$472,500	$249,900
Status	Sold	Sold	Sold
Status Date	08/06/2011	09/14/2011	09/28/2011
Agent Days on Market	106	182	101
Cumulative Days on Market	139	178	101

# Bedrooms	3	3	3
# Bathrooms	2.00	3.00	2.00
Approx SQFT	1,676	3,521	1,677
Apx Lot Size Range	7,501 – 10,000	Not Available	1 – 7,500
Year Built	1961	1996	1993
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$105,000	$472,500	$249,900

CMA: Comparable Properties

	4585860	4586524	4590102

	8608 E VERNON AVE Scottsdale AZ	8607 E WINDSOR AVE Scottsdale AZ	8208 E Meadowbrook AVE Scottsdale AZ
List Price	$109,900	$115,000	$160,000
Original List Price	$169,900	$120,000	$169,900
Sold Price	$116,500	$110,000	$153,000
Status	Sold	Sold	Sold
Status Date	09/22/2011	08/03/2011	08/18/2011
Agent Days on Market	125	81	86
Cumulative Days on Market	120	78	86

# Bedrooms	3	4	3
# Bathrooms	2.00	1.75	1.75
Approx SQFT	1,676	1,676	2,088
Apx Lot Size Range	1 – 7,500	1 – 7,500	7,501 – 10,000
Year Built	1960	1960	1960
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$116,500	$110,000	$153,000

CMA: Comparable Properties

	4590271	4596385	4596567

	9395 E POINSETTIA DR Scottsdale AZ	8143 E CLARENDON AVE Scottsdale AZ	9642 E PINE VALLEY RD Scottsdale AZ
List Price	$169,000	$135,000	$260,000
Original List Price	$169,000	$165,000	$300,000
Sold Price	$172,500	$135,000	$235,000
Status	Sold	Sold	Sold
Status Date	08/20/2011	09/16/2011	10/01/2011
Agent Days on Market	57	108	70
Cumulative Days on Market	55	101	70

# Bedrooms	3	4	3
# Bathrooms	2.00	2.00	2.00
Approx SQFT	1,388	1,581	1,644
Apx Lot Size Range	1 – 7,500	1 – 7,500	1 – 7,500
Year Built	1982	1958	1993
Source Apx Lot SqFt	County Assessor	County Assessor	County Assessor
Price	$172,500	$135,000	$235,000

CMA: Comparable Properties

	4615569	4615831

	14712 N 97TH PL Scottsdale AZ	8419 E LEWIS AVE Scottsdale AZ
List Price	$239,900	$140,000
Original List Price	$239,900	$145,000
Sold Price	$220,000	$120,000
Status	Sold	Sold
Status Date	09/29/2011	09/28/2011
Agent Days on Market	75	104
Cumulative Days on Market	75	76

# Bedrooms	3	2
# Bathrooms	2.00	2.00
Approx SQFT	1,491	1,256
Apx Lot Size Range	1 – 7,500	1 – 7,500
Year Built	1994	1960
Source Apx Lot SqFt	County Assessor	County Assessor
Price	$220,000	$120,000

CMA: Statistical Summary

Price Analysis

Summary of Closed Listings
MLS #	Address	List Price	ADOM	CDOM	Encoded Features	Approx SQFT	Price per Approx SQFT	Sold Date	Sold Price	Total Adjusts	Adjusted Price
4299798	12593 N 72ND PL, Scottsdale AZ	$1,095,000	584	582	87.5RXPSO3G	8,401	$126.08	07/08/2011	$1,059,158	-	$1,059,158
4386430	3080 N 87TH WAY, Scottsdale AZ	$210,000	338	338	32RO2G	1,524	$124.67	09/30/2011	$190,000	-	$190,000
4431223	8520 E HIGHLAND AVE, Scottsdale AZ	$159,900	238	238	42RX1C	1,876	$86.35	07/29/2011	$162,000	-	$162,000
4444177	8819 E ALTADENA AVE, Scottsdale AZ	$185,000	287	287	42RPO2G	1,802	$101.00	05/31/2011	$182,000	-	$182,000
4481471	2024 N 70TH ST, Scottsdale AZ	$121,000	201	194	32RD1G	1,552	$77.96	07/27/2011	$121,000	-	$121,000
4484802	17833 N 81ST WAY, Scottsdale AZ	$260,000	302	299	32.5RDXP2G	2,208	$117.75	08/26/2011	$260,000	-	$260,000
4498093	7036 E BOBWHITE WAY, Scottsdale AZ	$430,000	307	307	53FRDXPSO3G	3,647	$119.55	09/26/2011	$436,000	-	$436,000
4512226	28905 N 65TH ST, Cave Creek AZ	$324,900	65	65	32FRDXAO3G	2,325	$139.74	08/16/2011	$324,900	-	$324,900
4515797	8849 E KALIL DR, Scottsdale AZ	$169,900	95	95	32FRDO2G	1,935	$84.24	08/03/2011	$163,000	-	$163,000
4519451	8470 E COOLIDGE ST, Scottsdale AZ	$219,900	53	49	32RXPSO2G	1,586	$145.02	06/10/2011	$230,000	-	$230,000
4526069	13629 E SHAW BUTTE DR, Scottsdale AZ	$340,000	159	159	22FRDXPSTO2G	2,324	$135.54	08/02/2011	$315,000	-	$315,000
4528493	8049 E FAIRMOUNT AVE, Scottsdale AZ	$165,000	24	24	42FRX1C	1,918	$86.03	06/30/2011	$165,000	-	$165,000
4534010	8438 E WINDSOR AVE, Scottsdale AZ	$110,000	115	115	31.75FRD1CS	1,423	$75.90	06/02/2011	$108,000	-	$108,000
4538702	8537 E SHERIDAN ST, Scottsdale AZ	$150,000	109	107	32FRD1G	1,543	$93.32	06/30/2011	$144,000	-	$144,000
4538924	10188 E SAN SALVADOR DR, Scottsdale AZ	$319,000	75	68	32FRDXPS2G	2,046	$153.47	06/30/2011	$314,000	-	$314,000
4541991	13998 N 102ND ST, Scottsdale AZ	$224,990	205	203	32RXO2G	1,879	$122.94	09/15/2011	$231,000	-	$231,000
4543629	8537 E Heatherbrae AVE, Scottsdale AZ	$147,000	74	74	42FRDP2C	1,444	$101.80	05/24/2011	$147,000	-	$147,000
4555349	8307 E MINNEZONA AVE, Scottsdale AZ	$160,000	92	92	31RDP2G	1,741	$91.90	08/12/2011	$160,000	-	$160,000
4555376	9333 E LUPINE AVE, Scottsdale AZ	$225,500	133	121	32FRDP2G	2,068	$109.77	07/22/2011	$227,000	-	$227,000
4555810	7502 E MINNEZONA AVE, Scottsdale AZ	$180,000	24	22	31.75FR1C	1,331	$135.24	06/28/2011	$180,000	-	$180,000
4556636	4832 N 82ND ST, Scottsdale AZ	$199,900	128	127	32FRDXPO2G	2,234	$87.29	07/22/2011	$195,000	-	$195,000
4558656	4662 N 84TH PL, Scottsdale AZ	$210,900	17	14	32RXPO2G	1,585	$135.65	05/31/2011	$215,000	-	$215,000
4562909	8350 E INDIANOLA AVE, Scottsdale AZ	$139,000	79	79	32R1C	1,416	$98.16	07/11/2011	$139,000	-	$139,000
4563864	8232 E PICCADILLY RD, Scottsdale AZ	$129,000	106	106	32B1G	1,416	$93.22	07/25/2011	$132,000	-	$132,000
4570205	8511 E CAMBRIDGE AVE, Scottsdale AZ	$109,900	106	139	32R2G1S	1,676	$62.65	08/05/2011	$105,000	-	$105,000
4582597	13617 E WETHERSFIELD RD, Scottsdale AZ	$472,500	182	178	33FRDXPO3G	3,521	$134.19	09/12/2011	$472,500	-	$472,500
4585550	14825 N 97TH PL, Scottsdale AZ	$249,900	101	101	32RXPO2G	1,677	$149.02	09/28/2011	$249,900	-	$249,900
4585860	8608 E VERNON AVE, Scottsdale AZ	$109,900	125	120	32RPO1C	1,676	$69.51	09/22/2011	$116,500	-	$116,500
4586524	8607 E WINDSOR AVE, Scottsdale AZ	$115,000	81	78	41.75FRD1C	1,676	$65.63	08/03/2011	$110,000	-	$110,000
4590102	8208 E Meadowbrook AVE, Scottsdale AZ	$160,000	86	86	31.75FRXP1C	2,088	$73.28	08/18/2011	$153,000	-	$153,000
4590271	9395 E POINSETTIA DR, Scottsdale AZ	$169,000	57	55	32RXP2G	1,388	$124.28	08/19/2011	$172,500	-	$172,500
4596385	8143 E CLARENDON AVE, Scottsdale AZ	$135,000	108	101	42RO1C1S	1,581	$85.39	09/15/2011	$135,000	-	$135,000
4596567	9642 E PINE VALLEY RD, Scottsdale AZ	$260,000	70	70	32RXPO2G	1,644	$142.94	09/30/2011	$235,000	-	$235,000
4615569	14712 N 97TH PL, Scottsdale AZ	$239,900	75	75	32RXPO2G	1,491	$147.55	09/29/2011	$220,000	-	$220,000
4615831	8419 E LEWIS AVE, Scottsdale AZ	$140,000	104	76	22FRO2S	1,256	$95.54	09/28/2011	$120,000	-	$120,000

Summary of Active Listings
MLS #	Address	Orig. List Price	ADOM	CDOM	Encoded Features	Approx SQFT	Price per Approx SQFT	List Price	Total Adjusts	Adjusted Price
4358010	9250 N 96TH PL, Scottsdale AZ	$570,000	564	564	42.5FRDXPO3G	3,800	$135.53	$515,000	-	$515,000
4554698	8437 E LEWIS AVE, Scottsdale AZ	$190,000	199	199	22FRDXO1C	1,361	$111.68	$152,000	-	$152,000
4564419	4602 N 74TH PL, Scottsdale AZ	$185,000	35	35	32BXO1G	1,661	$112.88	$187,500	-	$187,500
4603459	12639 N 136TH ST, Scottsdale AZ	$1,200,000	105	105	66.5FRDXPSQO3G2S	6,150	$195.12	$1,200,000	-	$1,200,000
4605012	13435 N 92nd PL, Scottsdale AZ	$119,900	19	19	22RXO2G	1,240	$133.06	$165,000	-	$165,000
4616942	8226 E MITCHELL DR, Scottsdale AZ	$225,000	14	13	31.75RPO2G	1,786	$114.78	$205,000	-	$205,000
4619272	10198 E SAN SALVADOR DR, Scottsdale AZ	$349,000	74	74	42RDX3G	2,358	$131.04	$309,000	-	$309,000
4624890	3047 N 85TH ST, Scottsdale AZ	$285,000	62	62	42FRDXO1.5G2S	2,161	$83.29	$180,000	-	$180,000
4626074	9070 E LUDLOW DR, Scottsdale AZ	$265,000	40	39	42FRDXSO2G4S	2,068	$140.18	$289,900	-	$289,900

Low, Average, Median, and High Comparisons
	Closed	Active	Overall
Low	$105,000	$152,000	$105,000
Average	$225,413	$355,933	$252,110
Median	$180,000	$205,000	$184,750
High	$1,059,158	$1,200,000	$1,200,000

Overall Market Analysis (Unadjusted)
Status	#	List Vol.	Avg. List Price	Sold Vol.	Avg. Sold Price	Sale/List Price	Avg. Approx SQFT	Avg. List $/Approx SQFT	Avg. Sold $/Approx SQFT	Avg. ADOM	Avg. CDOM
Closed	35	8,036,990	229,628	7,889,458	225,413	0.98	2,026	110.44	108.36	91	89
Active	9	3,203,400	355,933	0	0	0.00	2,509	128.62	0.00	124	123
Overall	44	11,240,390	255,463	7,889,458	225,413	0.98	2,125	114.16	108.36	98	96

Where are foreclosures highest?

Beth Hickey — Mon, 17 Jan 2011 13:00:47 +0000

One of my favorite sources for solid information on the Arizona real estate market, The Cromford Report, had an interesting article on where foreclosures are most prominent. These numbers can have impacts on values (obviously), but also on the neighborhoods in which they occur (including the HOA; if you’re buying or selling, we need to discuss HOA issues).

On average, 21.2% of single family homes have received at least one Notice of Trustee Sale (the bank is letting you know that you have an auction date) since the beginning of 2006. !!!!!

On average, 12.6% of the single family homes in Maricopa County have been foreclosed (ie the bank took them back) with a recorded Trustee Deed since the beginning of 2006. That’s just over one in eight homes. !!!!! NOTE: there are some 1,300 or so unrecorded Trustee Deeds as of December 22.

So where in the Valley has this foreclosure percentage been highest? Here are the top 10 zip codes with the highest foreclosure rates:

1-85043 Phoenix

2-85353 Tolleson

3-85037 Phoenix

4-85335 El Mirage

5-85354 Tonopah

6-85326 Buckeye

7-85323 Avondale

8-85033 Phoenix

9-85379 Surprise

10-85031 Phoenix

All of these are in the West Valley; in fact, it isn’t until #24 that you find a property not in the West Valley (it’s in S. Phx). There’s also evidence that foreclosure prevention attempts are not successful in these areas (or maybe not attempted?).

We see that the two types of areas least affected by foreclosures are those containing higher end homes and the 55+ communities. In many of the luxury home areas there is evidence reflecting a higher success rate in avoiding foreclosure, most frequently through a short sale (or maybe more aggressively or consistently pursued?).

It almost goes without saying that foreclosures have a direct effect on home pricing. Hence the ZIP Codes with the most foreclosures are usually those where home prices have fallen the most, while those with lesser foreclosures have fallen the least. However, the relationship is not exact.

Sun City West 85375 has the greatest preservation of $/SF across the whole valley. But then it also has had the lowest percentage of foreclosures. Again looking for anomalies we see that Chandler 85286 and 85249, Gilbert 85233 and Mesa 85205 have preserved their pricing better than would be expected based on their foreclosure rates.

We can also see that many parts of the Southeast Valley, particularly Tempe, Ahwatukee and South Chandler have preserved their pricing much better than Maricopa County as a whole. This is also true of most of the Northeast Valley.

It is true that foreclosures cause home prices to fall, but it is a vicious cycle since it is also true that falling home prices cause foreclosures – they cause more homes to go underwater and their owners to feel less motivated to maintain their loan payments.

What does this mean to you? It depends from what angle you’re looking. If you’re looking to short sell, we should look at the trends in your neighborhood and act accordingly. If you’re looking to buy, ‘a deal’ isn’t necessarily found in a neighborhood with high foreclosures. A deal is a good price on a home you love in a neighborhood you’re excited about.

Please contact me to discuss your specific situation and needs.

Phoenix-Scottsdale-Mesa prices still dropping

Beth Hickey — Thu, 30 Dec 2010 12:00:50 +0000

Are you interested in buying in AZ? Well, this year just may be your year. Are you contemplating selling? Make sure you work with an agent that keeps their finger on the pulse of the market and stays ahead with pricing AND with lenders reaction to the market.

Tough order, but possible.

See here for the full article and keep educated on your market!

Phoenix area Real Estate-prices dropping

Beth Hickey — Tue, 23 Nov 2010 18:42:00 +0000

The Arizona Regional Multiple Listing Service Inc. released its Pending Price Index, which uses the pending prices of homes under contract in the system to forecast average and median sales prices for the upcoming four months. The conclusion is that the Phoenix real estate market still may not have hit bottom.

“Casting about in MLS data for signs of a market bottom and subsequent recovery has proved elusive over 2009 and 2010,” the report concludes. “The one-step-forward-two-steps-back phenomenon has become all too familiar in our fragile recovery.”

The PPI predicts that the median sales price of a home in November will be about $120,000, relatively unchanged from October. The median is expected to drop in December to $117,000, rise in January back to $120,000 and then drop once again in February fairly dramatically to $105,000. The median is the number in the middle, so there are as many houses priced below the median as above the median.
Average sales prices are projected to rise slightly in December but to fall in both January and February. The estimate is for the average price to be about $161,200 in November and drop to $145,800 in February.
New inventory declined in October, but total inventory increased.
October listings represent nearly seven months of supply making this a buyer’s market. A seller’s market is a four to five month supply.
Pending foreclosures have been trending downward slightly for the past 12 months.
Distressed sales, short sales and lender owned sales peaked in September representing 74 percent of total transactions. In October distressed sales represented 65 percent of the total.

For guidance on your specific needs, please contact me at 602-741-1325. Happy holidays!

Market Trends

Beth Hickey — Mon, 18 Oct 2010 10:00:03 +0000

It’s that time again-how did the numbers look in September and what kind of trends are we seeing continue or change? That’s a loaded question right now, with new information from banks on how they’re handling foreclosures and what that will mean for the market over the next several months. But let’s look at September first; this information is gleaned from many sources, primarily the Cromford Report.

Sales volume was down 6% from August while average pricing is also down 2.5% (price per square foot down 3%). If you look at sales from Septeber ’09, sales were down 13% and pendings down 22% from last year. Although this sounds bad, month to month pendings have been increasing about 4% so it seems buyer activity is keeping somewhat dependable and this will positively keep inventory moving if it can be sustained. The supply on the market increased 2.7% from August, primarily by properties <$200k. With this price range being attractive for investors, both for flipping and buy&hold, we could see an increase in buying activity by this sector of our market and since inventory is increasing, prices should remain favorable for quite some time. Foreclosure notices are holding steady, which would which lends to increasing inventory (and hence maintaining favorable buying prices).

For my full Market Trends Report, please go to www.BethAHickey.com for a request. I will not contact you outside of this report unless requested.

If shopping was a sport, Scottsdale is a race track!

Wendy Cracchiolo — Fri, 02 Jul 2010 10:19:26 +0000

With soo many great reasons to visit or live in Scottsdale, Arizona…SHOPPING is its best asset!

All the way up and down Scottsdale road there are thousands of stores, featured inside the many shopping centers. Kierland is one of the most beautiful outdoor malls in the vallley, with an excellent selection of stores including, J.Crew, Victoria’s Secret, Anthropology (one of my favorites) Coldwater Creek, an enormous Border’s Books and many, many more great shops. The restaurant selection is also abundant with 2 of Sam Foxs’ restaurants, The Greene House & North, a Tommy Bahamas Restaurant, Starbucks, Cold Stone Creamery and a home town favorite , Zinc Bistro. The food is always delicious–must try the french fries, and a great wine selection–Zinc Bistro reminds me of being on the Titanic–it has that turn of the century feel, with very delicious and updated cuisine.

After a long day of shopping, you can visit any number of bars and restaurants, enjoy the cool air conditioning, rest your feet and spend some quality time while enjoying some good eats and drinks!

Across the street from Kierland, you will find a brand new, very fun and funky outdoor mall called the Scottsdale Quarter http://www.scottsdalequarter.com/ I really love this new mall because it is home to the international clothing retailer H&M, one of my favorites, and then West Elm and William Sonoma Home–2 amazing home furnishing stores , one high end and one for the first time home buyer (West Elm is very similar to the Ikea look and feel ) that are brought to us by the same corporation as the Williams Sonoma stores. With plans for up to 10 chic, new restaurants. The Oakville Grocery is already a huge hit, stay for lunch or just as easily grab a gourmet meal to go!

As your real estate professional for the Scottsdale/ Paradise Valley area…make sure you make an appointment with me, Wendy Cracchiolo, with eXp Realty, to preview some of the most beautiful homes that are flooding our market and the prices have never been so low. Great selection and very motivated sellers!

Wendy Cracchiolo 602-672-2806 wendy.c@scottsdaleparadise.com www.scottsdaleparadise.com www.phoenixpowersearch.com