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

Sep 5, 2014 by

Update on Scottsdale Real Estate Market. The Cromford Report shows that for Scottsdale, Arizona, the Average Sales Price for a Single Family Detached Home, is $192.18/SF. Home prices have seen a steady increase since 2010, when the average sales price was $157/SF. This market segment includes homes priced up to $800,000. Please click on the Graph below to see more...

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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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New!!! Real Estate Market Trends by Zip code...

Jun 17, 2014 by

June 2014 Market Update   Paradise Valley Luxury Market has had a steady Sales Volume increase. The price per square foot has been increasing since mid 2011 with prices averaging $325/SF in 2014.  Price reductions continue to go down, now averaging about 10%.  Price reductions hit a high from 2009 to 2010, when foreclosures were the norm but with the market returning to normal, Sellers are now getting close to their asking price. Paradise Valley 85253 Luxury Trends 2008_2014 Paradise Valley 85253 Luxury Trends 2011_2014   North Scottsdale, 85255, sales volume has been in a slight upward trend since 2008. The Average Sale Price/SF was pretty flat during 2009-2012, but has been in an up trend since 2013.  In 2011 Average Sales Price per square foot was $250/SF and is now $300/SF on average. The Average Price Reductions have decreased over...

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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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