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Scottsdale, AZ Real Estate News

By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Getting hotter in Arizona? Time to Get WET and Cool Downin your own Pool homes for sale in Scottsdale UPDATED DAILY on the MLS.  Don't wait, buy one now! (Photo: Scottsdale Pool Home, by Jeff Masich)Just as an example, this photo is of Scottsdale pool homes (with private front courtyards) are in Santo Tomas nestled in a prime location between McCormick Ranch and Gainey Ranch with Paradise Valley to the west, surrounded by golf courses, biking trails and resort hotels. However, Scottsdale has plenty more...read on.Pool Homes in Santo Tomas and all of ScottsdaleNo need for mosquito nets over the pool like Florida. Why? It is a DRY heat. You have come to the right place! There is so much to do in and near Scottsdale. Visit and hike the cool West Fork Trail and the Oak Creek in Sedona only ...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are the June 2024 McCormick Ranch in Scottsdale Arizona homes for sale UPDATED DAILY! McCormick Ranch was the first multi builder Propery Owners Association in the United States in the 1970s and yet is STILL THE PLACE TO BE! (Photo:  McCormick Ranch, in Scottsdale, Arizona, Jeff Masich)Views of local landmark Camelback Mountain are prominent from McCormick Ranch one of the best places to live in Scottsdale Arizona. It is where YOU WANT TO LIVE! This recent listing of a home at 8020 72nd Place, Scottsdale adjacent to the entrance of the Ranch and may go on the market again soon. This was the least expensive at $699K 2500+sf pool home in the area nestled beween McCormick and Gainey Ranches and Paradise Valley. (Photo by Jeff Masich: at 8020 N 72nd Place on edge of McCormick Ranch was...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
What are YOU waiting for?You know that you want to live in Sunny Scottsdale Arizona.  If you wait to buy a home during inflation and rising homes prices you will be "priced out of the market"! (photo: Waiting by Engin Ayurt, Pixabay)Interest rates high? Rates can be refinanced later. Home prices they always go UP! Yes, with some downs and ups in between. However, timing the home price market is very difficult to do. In the long run real estate prices go UP, UP, UP. Your salary will rise over time as well, however your home price an monthly payments will be locked in, beating inflation.You know you love Scottsdale, so the time to buy is now. If you like sunshine, blue skies, wide open spaces, deserts and nearby mountains with lakes you will love looking for your next home to buy in the S...
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By Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
(Live Better in Arizona )
 - April 2024 Scottsdale Homes for Sale and Home Sales - Typically, April is a very strong month for sales, building off of the momentum from the high season. However, this April had some less than impressive results. SCOTTSDALE HOME SALES ACTIVITY –  APRIL 2024 We track the following sales statuses on a monthly basis: - Single-family homes for sale - Orange Line - The number of active listings at the end of the month. - Under contract, but accepting backup offers (UCB) - Gray Line - How many homes were in UCB status at the end of the month. - Pending home sales - Yellow Line - The number of pending contracts at the end of the month.*- Home Sales - Blue Line - The number of homes that closed during the month. APRIL 2024 RESULTS   Scottsdale Homes for Sale: Inventory was back up slightly...
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By Joyce Tawes, ABR, CRS, CLHMS, CNE
(Live Better in Scottsdale)
- April 2024 Scottsdale Housing Market Video - Here is a quick video overview of the Scottsdale, Arizona single-family home real estate market that covers the month of April. April 2024 - Video Scottsdale Active Listings The number of homes for sale was up slightly at the end of April. There were 1,256 homes for sale which represents a 1.8% increase over March and a 22.1% increase over April 2023. Average List Price for Scottsdale Homes I used to use median listing price data, but I no longer have accurate access to that information. So, I have started to track average listing prices. (Technically, the median price is a better indicator since the average price can skew one way or the other due to extremely low or extremely high list prices, but this will still give you a decent idea of ...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Financial Home Market Update 2024 - MayKey points about the financial outlook for homes in the Scottsdale/Phoenix area:Positive Factors- The Phoenix housing market is projected to see continued price appreciation, with Zillow forecasting a 6.3% increase in home values by January 2025.[5] This suggests a positive financial outlook for homeowners.- Scottsdale is recognized as a highly livable city with a strong quality of life, which can drive housing demand and price growth.[2]- As of late 2023, the Phoenix area was experiencing a balanced housing market that did not overly favor buyers or sellers, indicating relative stability.[1]- New home construction starts in Phoenix were up 8.8% year-over-year in Q3 2018, signaling a healthy new home market.[1]- Historically low foreclosure rates, ...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
Veteran Impact is PunitiveThe antitrust case against the National Association of Realtors (NAR) could potentially have a significant negative impact on veterans trying to purchase a home using the VA home loan program. This is because the VA loan program prohibits the veteran buyer from paying real estate commissions or fees to the buyer's agent.[1][2][7]If the antitrust case leads to changes that require home buyers to directly pay commissions to the buyer's agent, it will disadvantage veteran buyers using VA loans.The Impact on Veterans- The VA loan rules currently allow the seller to pay the commission for both the listing agent and buyer's agent through the offer of compensation on the MLS listing.[2]- Last year, the average VA purchase loan was about $370,000. Based on that figure,...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
For decades, the answer to this question has been "the seller."  But in reality the seller's agent and the buyer's agent commissions have always been included in the price of the home.  So technically, the buyer has been paying real estate commissions for both sides of a real estate transaction - for decades.   When a home sale closes, commissions for the buyer and seller agents , seller closing costs,  prepaid taxes, insurance and HOA fees are deducted from the seller's proceeds.   So in essence the buyer paid a higher price, but the costs were deducted frm the seller proceeds.With the recent lawsuits, there have been many misleading headlines.  Some have said that there has always been a standard commission.  It's understandable because everyone thinks we earn a certain percentage, bu...
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By Jane & Jeff Daley, PhD, Scottsdale Real Estate Arizona
(Luxury Valley Homes Scottsdale)
The Sun Is Shining on Sellers This Summer [INFOGRAPHIC] Some Highlights If your needs have changed, now’s a great time to sell and get the features you want most. Many buyers are eager to move between the school years, so you may see a faster sale, multiple offers, a higher final sales price, and more. If you want to get your house ready for a summer listing, let’s connect.
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
The clock is counting down until the National Association of REALTORS® Sustainability Summit!   This year's summit is set in Minneapolis, MN.  Minneapolis has achieved so many sustainability milestones within their city and in the real estate industry.  Their MLS has many green features, including auto populated features benefitting home sellers and reducing agent liability. Location - Hilton Minneapolis, 1001 Marquette Avenue South, MinneapolisDates - June 2 - 5pm    Visit the home page for registration, hotel and travel details! Early bird registration has been extended to May 13, 2024.  DON'T WAIT!  It's a good savings and this is half the cost of an annual convention.  I'm super excited to be a panelist in an education session, so watch for my participation!Some of what you'll see a...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Are you ready to drive through the entrance to your guarded or gated Scottsdale Arizona community? Read On! (Photo Gated Entrance Gainey Ranch Scottsdale  by Jeff Masich)Do you love privacy, walls, gated and/or guarded entries? Do you also Love Sunny Scottsdale Arizona? Putting both together, here for May 2024 are the latest Scottsdale Homes For Sale in Gated or Guarded Communities homes for sale on the MLS and ALWAYS UP TO DATE. These gated or guarded homes are in all price ranges. If you need a Buyer's Realtor that can show you a home listed by any Broker, I can represent you at no cost to find a home and/or obtain financing if you don't have it, for these homes on the MLS.Scottsdale Arizona Homes with Gated Entrance or Guarded Communities ALWAYS UP TO DATE on the MLSFor FULL PAGE vie...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
This month's challenge by Kathy Streib and Debe Maxwell, CRS is all about showcasing our talents and why consumers should choose us.  It goes without saying that if you don't provide exemplary service in real estate, you'll be out of business before very long.  With the recent court decisions unbundling realtor commission and other measures, it's critical to know how real estate works moving forward. How real estate works?  And what is provided for a buyer or a seller in a real estate transaction?   Who pays a buyer's commission?  Who pays a seller commission?   Creating a trusting environment for buyers and sellers to do business is critical to a successful sale and/or purchase of real estate.  But what other skills might be important?   The Code of Ethics, first established in 1913, s...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
Here are the May 2024 Pool homes for sale in Scottsdale UPDATED DAILY on the MLS.  Don't wait, buy one now before Summer starts!Just as an example, this photo is of Scottsdale pool homes (with private front courtyards) are in Santo Tomas nestled in a prime location between McCormick Ranch and Gainey Ranch with Paradise Valley to the west, surrounded by golf courses, biking trails and resort hotels. However, Scottsdale has plenty more...read on.Pool Homes in Santo TomasNo need for mosquito nets over the pool like Florida. Why? It is a DRY heat. You have come to the right place! There is so much to do in and near Scottsdale. Visit and hike the cool West Fork Trail and the Oak Creek in Sedona only 90 miles from Scottsdale. Scottsdale and things to do in neighboring Phoenix are in the cente...
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By Jan Green - Scottsdale, AZ, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
2024 is proving to be a very different year than the previous frenzied housing market of the last few years.   Recall that interest rates started to rise in April 2022 over 4%, which immediately slowed housing markets across the country.  Inventory rose dramatically and sales slowed.   The 2024 housing market is less volatile and shows positive, slow gains in real estate sales and volume.  The Phoenix housing market has experienced volatility in the past, but that's not the case currently.  Current listings under contract are about 9440, similar with the 2020 record in the header graph photo.   These reports are provided by private subscription to the Cromford Report.  Please do not copy or reproduce.  Reports provided here are derived from sales results from the Arizona Regional MLS an...
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By Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell
(HomeSmart Real Estate)
McCormick Ranch in Scottsdale Arizona was the first multi builder Propery Owners Association in the United States in the 1970s and yet is STILL THE PLACE TO BE! Views of local landmark Camelback Mountain are prominent from McCormick Ranch one of the best places to live in Scottsdale Arizona. It is where YOU WANT TO LIVE! (Photo:  McCormick Ranch, in Scottsdale, Arizona, Jeff Masich)This recent listing of a home at 8020 72nd Place, Scottsdale adjacent to the entrance of the Ranch and may go on the market again soon. This was the least expensive at $699K 2500+sf pool home in the area nestled beween McCormick and Gainey Ranches and Paradise Valley. (Photo by Jeff Masich: at 8020 N 72nd Place on edge of McCormick Ranch was listed for $699K plus $699/mo land lease.)Camelback Mountain view fr...
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