Scottsdale Real Estate Market Statistics:
Real estate closing in Scottsdale, Arizona from January 1, 2008 through September 30, 2008
Number of homes sold/closed: MLS Data Extracted from flexmls®
| Scottsdale Area cities by zip code: | |||
| Carefree | 85377 | Paradise Valley | 85253 |
| Cave Creek | 85331 | Rio Verde | 85263,85264 |
| Fountain Hills | 85268 | Scottsdale | 8525,85254,85258,85259,85260 |
| North Scottsdale | 85255,85262,85266 | South Scottsdale | 85251,85257 |
|
2008 |
JAN |
FEB |
MAR |
APR |
MAY |
JUN |
JUL |
AUG |
SEP |
OVERALL TOTAL SOLD |
|
Total closed in Scottsdale Area |
388 |
433 |
510 |
560 |
595 |
587 |
572 |
505 |
436 |
4,596 |
The year began slowly and picked up monthly throughout the summer months. The sales did slow in September. So far, October the inventory is decreasing in most of the Scottsdale zip codes.
The good news is that the rate of decline in property values has slowed and is showing signs of leveling off. At 14%, Scottsdale registered the lowest decline in home values of all cities in the greater Phoenix metro area over the past year. As the 'sophisticated heart of the state', Scottsdale remains a highly desirable place to live with a world class draw. The current lower home prices make this an excellent time to afford to purchase a property in Scottsdale now.
Keep in mind that statistics and business that we see recorded today is a result of market conditions and activity in the past. That is what makes forecasting so difficult. There are many outside factors that will affect the real estate market over the next few months; including political elections, the economy, inventory levels and mortgage rates. Let's keep watching the trends.
As Realtors® , we stay educated on the market and industry trends so we can provide the best possible information to the buyer or seller so they can make an informed decision.
Gary and Claudia Scott, REALTOR®, GRI
Call Toll Free at 866-464-2140 or e-mail at Garyandclaudia@cox.net
www.AZ-real-estate-sales.com
