Phoenix Area Housing Market Observation...

Mar 17, 2015 by

Cromford Daily Observation ~ The number of active listings for Greater Phoenix (excluding UCB) is 21,829 which seems quite reasonable, if a bit on the low side. However the picture looks rather different when we break it down into price ranges. Below $150,000 we have only 3,708 listings and the trend is sharply down. There were 5,754 on the same date last year and 4,372 as recently as January 20. Anyone wanting to buy a home is this price range is going to have an increasingly hard time. There have been 1,660 closed sales in the last 4 weeks in this price range, so today’s supply represents only 2.2 months of supply. Between $150,000 and $250,000 we have 5,711 listings and the trend is sharply down. There were 7,500 on the same date last...

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S&P/ Case-Shiller® Update...

Nov 10, 2014 by

Another release for the S&P / Case-Shiller® Home Price Index® with prices rising more slowly. The data relates to sales that occurred between June and August 2014 and changes over the last month were as follows: Detroit +0.85% Dallas +0.55% Denver +0.52% Las Vegas +0.49% New York +0.42% Atlanta +0.39% Chicago +0.36% Portland +0.34% Miami +0.30% Minneapolis +0.29% Cleveland +0.27% Tampa +0.19% Phoenix +0.18% Boston +0.11% Washington DC +0.01% Seattle +0.00% Los Angeles -0.02% San Diego -0.08% Charlotte -0.0% San Francisco -0.44% These changes were very small compared with recent years suggesting price stabilization is occurring. Compared with a year ago there are still some fairly large upward movements, but most of these look like they are losing momentum fast. Miami +10.46% Las Vegas +10.12% San Francisco +8.96% Dallas +7.32% Portland +7.25% Detroit +7.01% Los...

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Cromford Report – Average Luxury Home Sales Price/SF – Scottsdale, AZ...

Sep 5, 2014 by

The Cromford Report shows that for Scottsdale, Arizona, the Average Sales Price for a Luxury Single Family Detached Home, is $321/SF.  Luxury Home prices have seen an increase since 2010, when the average sales price was $275/SF. The Luxury segment includes homes priced $800,000 and up. Please click on the Graph below to see more...

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Real Home Prices vs Zestimates

May 13, 2014 by

Cromford Report Daily Observation … Unfortunately Zillow® has decided to provide 12-month forecasts for home values. Since the figure given is a forecast for the Zestimate® value, it does not necessarily have any relationship to REAL market value. On the other hand, this means it can never really be challenged because the Zestimate is created by Zillow in the first place. In the past Zillow Zestimate’s have often been greatly divergent from real market values. They have often been extremely volatile for no apparent reason, sometimes rising or falling by 10% or more in just a few weeks. There are Zestimates that were 80% below or 200% above true market value, though this sort of aberration seems to be getting rarer. The fact is that a real appraisal or professional CMA are the only sensible...

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The Power of Words to Sell Your Home...

Apr 30, 2014 by

A new study reports that the words used in listings can help increase the sale price of the home. On average, each property characteristic mentioned in a listing increased the sale price by just under 1% and the probability of selling the home by 9.2%. The study found listings that provided detailed information about amenities and features such as granite countertops and wood-burning fireplaces, sell for more money. Of course, if it’s stated the home must, indeed, have these features. The study didn’t include standard features, just the premium ones. A listing with 15 additional property characteristics can sell for about 13.5% more. So, when it comes time to sell, think of your home’s features and how you’d describe them to your dear friend. Your agent and you can then determine which words evoke the...

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Scottsdale AZ Luxury Homes with City Light or Mountain Views...

Nov 12, 2013 by

Scottsdale’s stunning Sonoran Desert has long been a muse for design inspiration. Just glance at the mountains during sunset and you will be mesmerized by their deep shades of red and purple. And why not live in a home that features these amazing views? Registering and/or logging into your Portal allows you to!!! 1. Save your searches 2. Get updates on listings 3. Track listings 4. Add notes and messages 5. Personalize your dashboard 994 matches found Listings per page 5 10 15 20 25 Sort By List price (High to Low) List price (Low to High) # Bedrooms # Bathrooms Year Built Square Footage Recently Updated $834,90012324 N 145TH WayScottsdale, AZ 85259 View Details Ask Question View Photos (36)# of Bedrooms: 4# of Bathrooms: 4.5Square Footage: 3579Year Built: 2004Subdivision: HIDDEN HILLSDescription: NEW LOW...

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Paradise Valley Custom Home Lots...

Nov 5, 2013 by

Registering and/or logging into your Portal allows you to!!! 1. Save your searches 2. Get updates on listings 3. Track listings 4. Add notes and messages 5. Personalize your dashboard 63 matches found Listings per page 5 10 15 20 25 Sort By List price (High to Low) List price (Low to High) # Bedrooms # Bathrooms Year Built Square Footage Recently Updated $5,850,0006400 E Cactus Wren Road, -1,2Paradise Valley, AZ 85253 View Details Ask Question View Photos (17)Subdivision: Vista Del CamelloDescription: Great opportunity to own a wonderful lot with fantastic views of Camelback/...Last Updated: January - 19 - 2018$1,550,0005920 E Foothill Drive N, 74Paradise Valley, AZ 85253 View Details Ask Question View Photos (23)Subdivision: Mummy Mountain ParkDescription: Easy to Build, Beautiful 1.62 acre view lot on one of the most prestigious ...Last Updated:...

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Paradise Valley Homes with City Light or Mountain Views...

Nov 5, 2013 by

The Town of Paradise Valley is conveniently located in the heart of the Scottsdale-Phoenix metropolitan area with short drives to a number of extraordinary attractions.  Whether your interests lie with arts and culture, professional sporting events, desert hiking adventures, world-class golf courses, shopping, or luxury spa treatments, the Paradise Valley area offers truly special activities. http://www.ci.paradise-valley.az.us Registering and/or logging into your Portal allows you to!!! 1. Save your searches 2. Get updates on listings 3. Track listings 4. Add notes and messages 5. Personalize your dashboard 278 matches found Listings per page 5 10 15 20 25 Sort By List price (High to Low) List price (Low to High) # Bedrooms # Bathrooms Year Built Square Footage Recently Updated $10,490,0007425 N IRONWOOD DriveParadise Valley, AZ 85253 View Details Ask Question View Photos (48)Videos (2)# of...

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Paradise Valley Luxury Homes

Nov 5, 2013 by

Surrounded by the iconic Camelback Mountain to the south, Phoenix Mountain Preserve to the west, and McDowell Mountains to the east, the Town of Paradise Valley is a quiet desert oasis in the heart of Scottsdale-Phoenix.  Whether your interests lie with arts and culture, professional sporting events, desert hiking adventures, world-class golf courses, shopping, or luxury spa treatments, the Paradise Valley area offers truly special activities. http://www.ci.paradise-valley.az.us Registering and/or logging into your Portal allows you to!!! 1. Save your searches 2. Get updates on listings 3. Track listings 4. Add notes and messages 5. Personalize your dashboard 318 matches found Listings per page 5 10 15 20 25 Sort By List price (High to Low) List price (Low to High) # Bedrooms # Bathrooms Year Built Square Footage Recently Updated $2,595,0006002 E ONYX AvenueParadise...

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Scottsdale AZ Custom Home Lots

Nov 5, 2013 by

Registering and/or logging into your Portal allows you to!!! 1. Save your searches 2. Get updates on listings 3. Track listings 4. Add notes and messages 5. Personalize your dashboard 580 matches found Listings per page 5 10 15 20 25 Sort By List price (High to Low) List price (Low to High) # Bedrooms # Bathrooms Year Built Square Footage Recently Updated $499,90096XX N 120 Street, _Scottsdale, AZ 85259 View Details Ask Question View Photos (4)Description: 2.5 acres would make a beautiful estate or great for a investment , small b...Last Updated: January - 18 - 2018$55,000163xxx E Dixileta Drive, 3Scottsdale, AZ 85262 View Details Ask Question View Photos (6)Subdivision: RIO VERDE FOOTHILLSDescription: Beautiful and Pristine lot with wonderful mountain views and easy access. ...Last Updated: January - 18 - 2018$85,000163xxx E Dixileta...

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Homes in Estancia in Scottsdale AZ...

Nov 5, 2013 by

The Estancia Community is located in the beautiful high Sonoran desert of Scottsdale, Arizona. Sprawling over 640 acres, Estancia offers breathtaking views, unmatched community amenities, and a world-renowned golf course. http://www.estanciahoa.com Registering and/or logging into your Portal allows you to!!! 1. Save your searches 2. Get updates on listings 3. Track listings 4. Add notes and messages 5. Personalize your dashboard 32 matches found Listings per page 5 10 15 20 25 Sort By List price (High to Low) List price (Low to High) # Bedrooms # Bathrooms Year Built Square Footage Recently Updated $6,995,00010199 E Cavedale DriveScottsdale, AZ 85262 View Details Ask Question View Photos (44)Virtual Tours (1)Open House (01/18/2018 - 1:00 pm)# of Bedrooms: 6# of Bathrooms: 11Square Footage: 12971Year Built: 2008Subdivision: EstanciaDescription: Come home to the finest in indoor-outdoor desert living...

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Homes in Whisper Rock in Scottsdale AZ...

Nov 5, 2013 by

Whisper Rock Estates is a premier 800 acre guard gated community in Scottsdale. The 1-4 acre homesites are some of the largest in Scottsdale. This beautiful community boasts a 3-acre Private Park with sunken tennis courts, Fitness Facility with workout area, yoga and stretching studio and a lap pool with Spa. There are 4 green parks throughout the neighborhoods and 5+ miles perimeter of multi-use public trails. Registering and/or logging into your Portal allows you to!!! 1. Save your searches 2. Get updates on listings 3. Track listings 4. Add notes and messages 5. Personalize your dashboard 28 matches found Listings per page 5 10 15 20 25 Sort By List price (High to Low) List price (Low to High) # Bedrooms # Bathrooms Year Built Square Footage Recently Updated $848,5007441 E CALLE PRIMERA...

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