Location, location location. Finally Scottsdale Arizona is once again affordable..
Of the 5,800+ listings currently available in Scottsdale 1,566 are priced over million dollars while only 128 are priced below one hundred thousand with the majority of 4200+ properties priced between. There is a great variety of options in this prestigious city from modest condo to multi million dollar mansion, there is something for everyone. This market now provides an excellent opportunity for that snowbird to actually purchase a property rather than rent during the desirable high season.
There are currently 768 properties in escrow and a total of 827 have closed escrow since Jan 1, 2009. The volume of properties in escrow continues to increase as more buyers are entering the market. Many of the more reasonably priced properties are being purchased. The inventory is remains high compared to the traditional market average-there are some excellent opportunities available.
This is a snapshot of the MLS for Scottsdale AZ real estate sales statistics for March 28, 2009:
Great chart you've shown for Scottsdale. Isn't it interesting how the number of days on the market increase in correlation to the list price? I suppose that's true in most markets. Good luck in your area!
You are right. The highest volume of sales is under $200,000 as investors with cash and first time home buyers are jumping in to the market here! Many of the foreclosure properties are getting multiple offers.
How is the greater Jackson area doing?