Here is my Monthly Market Report for February for zip code 85255
Here is my Monthly Market Report for February for zip code 85259
LOOKS like 85259 have INCREASED $11.00 per square foot in the month of January
Hope this helps.
Terry S. Smith
Arizona Resident for 46 years, grew up in Scottsdale, AZ
Inventory is low and expected to remain low for the foreseeable future. New home sales are at low dating back to WWII (according to Micheal Orr of the Cromford Report). We are still getting 60K+ new people coming to the valley each year.
Once temperatures fall below 100 degrees expect activity to pick up and therefore prices.
I live in 85255 and can give you a full history if you like. We can give you information right down to neighborhood performance and even most popular home models.
Find more at: ScottsdaleScott.com
Real Estate Professional / Prestige Realty
Bianca Bennett / 602-570-7898
Both of these area's are in great parts of Scottsdale and will be some of the best overall sub-markets.
With Inventory below a balanced market at under 17000 units where 33,000 represents a balanced market we have more buyers bidding on fewer homes which have increased prices in lower price points and remained competitive mid price points and room still in luxury to bid competitively. With interest rates still very low it is a good time to take advantage and buy. Know what you want so you can move when it's found and have a professional consultant on your side.
Market conditions has been improving and inventory is down below what we would have in a good market. We will continue to have foreclosures and short sales for a while, but most outlooks are positive. There is an increase of buyers which adds to the multiple offers that we have experienced for the past couple years. We have had a flood of investors buying and now the number of owner occupant buyers has increased sharply. Many anticipate 2012 to be the turning point in the market and a very good time to buy.
If you want to search the properties like Realtors do, you can use my link:
If you need assistance in your home search we would love to help.
Ron & Brenda Cunningham
West USA Realty
**** Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley" ****