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Scottsdale, AZ Real Estate News

  CONGRATULATIONS WINNERS! The Scottsdale Area Chamber of Commerce honored six volunteer leaders who embody the spirit of volunteerism during the Sixth Annual Business Volunteer Awards on Friday, June 6th. The evening featured the "Shop Scottsdale Raffle", a dazzling array of great food, a “mystery tree” filled with raffle items, music, and video presentations.The Chamber had the privilege of recognizing 6 outstanding Chamber volunteers and community members. This was also our opportunity to say THANK YOU to the more than 200 volunteers who serve on the Chamber’s eleven advisory councils and committees. Your guidance, dedication and hard work allows the Chamber to continuously grow and change to meet the needs of our members.Our volunteers are all STARS AMONG US!   Ambassador of the Ye...
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6 Signs of a Housing Market Pickup (for Phoenix area Real Estate) Price Reductions - New Home Builders are and dropping prices throughout the East Valley and West Valley towns of Peoria, Surprise and Glendale. Traffic - reports from New Home Builders and Broker offices indicate traffic picking up in the last couple months with more buyers in new home models, office phone calls from for-sale sign, open house traffic, - Supply - although, nationally, more than 10 months supply, and more than 1 year here in Metro Phoenix, supply has diminished somewhat Rising Apartment Rents - as rents go up ,and interest rates continue to decline, renters will start inquiring if it is cheaper to buy Fewer/Reduced builder concessions - in most areas, home builders are still offering compelling incentives- ...
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
If you live in the Phoenix area or will be visiting this summer and have never yet had the opportunity to view the home and work of Frank Lloyd Wright you will want to check out the tour opportunities that are taking place June 1-30. Taliesin West was Lloyd's Arizona home and masterpiece. Located at 12621 N Frank Lloyd Blvd in Scottsdale Arizona this home is offering tours for various interests during the June time frame. There are 90 minute tours, one hour tours, night light tours, and a tour oriented for juniors. Call 480-860-2700 ext 494 or visit their website http://www.franklloydwright.com for more details, hours, prices, etc. Wright's work is both interesting and ingriguing.
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
The annual Kierland concert series in Scottsdale Arizona is getting underway. This year the event takes place from July 12th through August 30th.The concerts are free and take place on Saturdays from 7pm until 10pm. They take place on the Kierland Commons that is located in Scottsdale Arizona between Scottsdale Road and Greenway Parkway. For more information call 480-348-1577 or visit the Kierland Commons website http://www.kierlandcommons.com . Kierland Commons is home of many specality and boutique shops as well as some of the areas very interesting restaurants. So if the free concernt dates don't work for your schedule or for your visit to the Phoenix area, you will likely want to check out Kierland Commons and visit the shops and restaurants there.
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By Will Daly, www.WeKnowUrban.com - Phoenix High Rise and Loft C
(We Know Urban Realty)
You're almost out of time if you want to join our Downtown Scottsdale High Rise and Loft Condo Tour.  Tomorrow, June 14th, we'll board a bus at 10:00 am and tour fantastic buildings like Artesia, 4020 Lofts, Main Street Plaza and Third Avenue Lofts.  This is a walking tour and we do go into the buildings.  We also discuss the general state of the real estate market, what's happening specifically with loft condominiums and high rise, and how to navigate the choppy waters of real estate today and the coming years. To learn more go to our High Rise and Loft Condo Tour page.  We hope to see you tomorrow.
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By James Wexler
(wexzilla.com)
  Mercer Consulting's annual roundup of the global cities with the best quality of life is here,...  and Zurich, Switzerland once again is #1 The best place in the U.S.? Honolulu at No. 28 on the List. Now if you are from Arizona , you may be surprised we were not # 1. Ok, maybe surprised we were not # 1 in the US.  ok, ok, ok, I'm kidding.  If you are interested you can check out the Home Price Comparison Index (HPCI) study, evaluated affordability in 77 international markets, in addition to the 317 U.S. markets the List of Top 20 World's Most Expensive Luxury Real Estate Markets  or The World's Most Affordable Housing Markets    I just like to know where to shop :) and just so you know ..... there is excellent good news for all of us the Good Ole USA is # 1 on the most important list ...
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For those of you who know me, and know how I like to hear myself talk , especially about Real Estate, you will understand that this quick blog is the is the biggest challenge I have faced in awhile in that I am going to let the headlines speak for themselves , you know, the picture is worth a 1,000 words, thing... the articles are a little dated, however, I think the message is still current... Take a look at some of these multi-family housing, residential construction and Commercial Real Estate developement that is going on in Phoenix, Scottsdale, Desert Ridge, Glendale and many area towns.  ... az-republic-headlines.pdf --------------------------- Copyright © 2008 By James Wexler, All Rights Reserved. *Newsflash!!   Phoenix paper actually has good news about AZ Real Estate* Contact Ja...
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By Bill Austin
(East Valley Living)
Jim Clark asked me to send a note to everyone explaining a little bit about the Social Network that was recently set up on for Scottsdale Job Network Ning.com was started by Marc Andreessen and Gina Bianchini in October 2004 to give everyone the opportunity to create their own social networks for anything. Social networks provide a lot more functionality to users than simple mailing lists and much more user interaction than a simple web site can. The Scottsdale Job Network social network enable users who chose to interact in Networking Groups and discussion forums to do so. It enables easy photo uploading and sharing, event listings, quick and easy blogging, video integration and much more. The mailing list is still here and the website is still available but this provides another mech...
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By Will Daly, www.WeKnowUrban.com - Phoenix High Rise and Loft C
(We Know Urban Realty)
Believe it or not we only have four seats left for our high rise and loft condo tour of downtown Scottsdale being held this coming Saturday, June 14th.  During the tour we will visit four fantasitc loft developments located right in the heart of Old Town Scottsdale (actually one community is a tad north).  We discuss the pros and cons of each community, the pros and cons of high rise and loft living in general and specific issues with the current real estate market.  The price is right at only $7.50 for non-agents and $15 for agents or folks who have an agent relationship.  For more info visit our condo tour page and sign up now.  See you Saturday. Visit our Scottsdale page for information on the lofts that we will visit.
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Contact Brandon Hunt with RE/MAX at 480-247-7244 if you have any questions about DC Ranch in Scottsdale. The DC Ranch real estate market has single family homes, condos and townhomes for sale. DC Ranch is one of the premier elite private golf and residential communities in Scottsdale, Arizona. Bordering the McDowell Sonoran Preserve, DC Ranch was developed with the concept of protecting the natural desert landscape. This is evident in that DC Ranch is zoned as an 8,281 acre plot and only 2,600 areas are being developed. At build-out, DC Ranch will have around 2,700 homes, which include single-family, luxury custom, detached, attached and an upscale rental complex. Some of the Amenities at DC Ranch include: two private clubs and golf courses, a community center, neighborhood parks and na...
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According to the US News and World Reports annual report and rankings of the best college graduate schools in the country Best Graduate Schools the town of Tempe - Arizona State University WP Carey School of Business was ranked # 22 in the US, 8th in the US amongst public schools and only 1 of 5 in the West that made the list. Why is this important, ... better schools attract better students, better professors, better business research, more money, better companies have a selection of a better pool of candidates, better companies will remain in ,and some will relocate offices and headquarters to Arizona, offering better jobs, employees making more money, to spend in the economy and in real estate. Boston, Chicago, New York and all of California enjoy real estate prosperity for a variety...
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According to the census bureau. , “The spending rate for residential (new homes ) construction projects dropped for the 25th consecutive month at the end of the first quarter and has fallen 34.4 percent from its peak in February 2006. Now, those of you who know me and have read my posts in the past, know that I am eternally, (but not blindly) optimistic , not in a Wayne Dyer sort of way. However, there is a silver lining in most clouds and prefer to look for that … ok, You read the headlines, sounds bad, right? but is it really ?? let’s look at this in 2 parts. 1) the economy - ok, construction spending is down, sharply, year over year, and construction spending is significant part of our economy ; in this sense todays numbers (above) are not great news for an already struggling (notice...
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By Sal Giorlando
(VALLEYWIDE RESIDENTIAL)
Here is a graph showing the number of home sales in Southern Scottsdale each month over the last year: There is good news and bad news... The bad news is that sales (on a typical year) in May should be at about 160. We are currently at 103. Houses are selling, but not nearly at the pace they should be. The good news is that sales seem to be steady. So far this year, sales have increased and seemed to have leveled off to about 100 over the last two months. If this steady flow of sales continues throughout the year, I believe we will see a great year for real estate in 2009. In order to achieve this, the sales activity would need to make small increases throughout the year, with a slowdown at the end of the year to the 100 we are at currently (It is typical to see 100 homes a month sell i...
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Yesterday, the prognosticators over at Money magazine offered up their Real Estate survival guide that I thought you may be interested in the predictions of its crystal ball. The articles included Where Home Prices are Headed 10 Fastest Growing Real Estate Markets Homes for Sale In Hot Markets and unfortunataly, Cities Set for Steep Losses  (which includes Phoenix , sadly enough) you can also take a look at Tips of Home Buyers and Home Sellers 5 New Rules for Home Sellers and 5 New Rules for Home Buyers enjoy!!   ------------------------------------------------------------------------------------------------- Copyright © 2008 By James Wexler, All Rights Reserved. *Where Home Prices are Headed and Other Real Estate Predictions for the Country and Phoenix*   Contact James Wexler (480) 221...
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in my post from earlier today, I mentioned a friend, who has made his fortune in real estate here in Maricopa County which includes Phoenix, Scottsdale, Tempe, Fountain Hills, Peoria, Glendale, Paradise Valley, and the communities of Desert Ridge, DC Ranch, Troon, Grayhawk, Estancia and Silverleaf and teaches others his secrets to success. Here are 3 of his rules to live by explained. 1) Make sure that your primary residence is not an investment; it is primarily a place for your family to live. A home offers tax benefits. If financed correctly, it is a hedge against inflation (more on this another day soon) and can provide some long term capital appreciation; but an investment last. Thus you are less affected to short term fluctuations in the market. 2) A rental property must be rented ...
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Don't put all your eggs in one basket! We have all heard this sasying from our parents since we were young. However, when it comes to investing, especially in real estate, especially in today's real estate market here in metro Phoenix, Scottsdale, Fountain Hills and the East Valley this could be one of the most important things we were taught. Many real estate investors will buy their primary residence, a rental property or more, and even a "fix n flip" speculative home investment all within a small geographic radius. Investing 101 will tell you this can be a risky strategy. Of course, as the market rises, all things real estate prices rise with the tide. However, as we have seen lately, the opposite holds equally true. A close friend of mine, who has made a fortune in real estate, in h...
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By Sal Giorlando
(VALLEYWIDE RESIDENTIAL)
So how many homes are currently for sale in Southern Scottsdale, and how does this effect values? Well, let's take a look: As of today, there are 993 active listings in Southern Scottsdale. In May, 103 properties sold. If no more homes were put on the market after today, it would take 9.6 months, for all the homes currently on the market to be sold. (993/103=9.6) The inventory is a great tool in telling which way home values are being pressured. Currently the pressure is downward due to excess inventory. About this time last month, the Real Estate Inventory was at 7.9 months. This means more homes went on the market than sold from April to May. It seems we can look forward to continued downward pressure on the home values for June.
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By George Brookler
(Realty Executives)
Scottsdale AZ Homes For anybody who is thinking about buying a home in the Scottsdale Arizona real estate market, I have compiled some data that may help with your decision making.  Scottsdale, Arizona Area Code: 480 County: Maricopa Zip Codes: 85250 85251 85252 85253 85254 85255 85256 85257 85258 85259 85260 85261 85262 85263 85264 85266 85267 85268 85269 85271 Population: 221,493  Population Growth: 9.3%  Residents per square mile Population Density:  1,203   Median Age: 42 years  Median Income: $65,262  Cost of Living Index:  154    January Avg Temp: 43°F   July Avg Temp: 104°F   Sunny Days: 299  Precipitation Days: 35  Rainfall (inches): 8  Snowfall (inches): 0    Unemployment Rate: 4%  Recent Job Growth: 2.2%  Future Job Growth: 27.8%  Democrat: 42.3%  Republican: 56.9%  Independen...
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RL Brown , the premier source for Phoenix area housing data, incuding the cities of Phoenix, Scottsdale, Tempe, Fountain Hills, Peoria, Glendale, Paradise Valley, and communities of Desert Ridge, DC Ranch, Troon, Grayhawk and its most recent report on the the Phoenix housing market showed signs that we may be approaching a bottom. Although inventory levels have remained high and stayed at the same level, Sales have picked up for several reasons. 1) Lower home prices - yes, prices are going down, especially here in Arizona and metro Phoenix Scottsdale, where we saw on of the biggest national drops. Inventories remain high. However, lower prices are creating buying opportunities which we haven't seen in several years 2) Easing of interest rates - although, rates have trended up in the las...
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For those who read yesterday's Blog, when I took a leap of faith of faith (or as some have suggested, contributed to the problem) when I was either bold or crazy enough to suggest that the overall drop in home prices in Phoenix and the surrounding communities of Scottsale, Tempe, Fountain Hills and the other areas of metro Phoenix  announced is"Good News"!! I must have miscommunicated. I Intended to attack the problem. Not Contribute. I was simply attempting to address the pervasive negative headlines and show how they can be misleading and in fact not necesarily as negative news as the media would have us believe. I am not retracting my belief just qualifying it as an assessment that the news was a case of the Glass Half-Full v. Half Empty. Here's why ....  1) It's a Buyer's market - f...
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