The Scott's Sell Scottsdale

The greater Phoenix metro area encompasses several cities that are right next door to each other and extend over 80 miles from east to west and 40 miles from north to south . The area is in Maricopa County which is the fourth largest county in terms of population size and the 14th largest in the continental United States, covering over 9,220 square miles. The metro area has grown rapidly over the past several years offering a wide variety of affordable housing and desirable climate.

In this ever changing market, where are we today? The current real estate market inventory is 50,052 properties listed for sale, 11,308 properties in the escrow process and 4,376 have sold (closed escrow) thus far in February 2009. The number of sales continues to increase and the inventory is being reduced. At this time last year there was 56,000+ properties listed for sale.

There are some excellent ‘deals’ to be had in this market. Houses have become affordable again. FHA loans with only 3.5% down payment are a great way to get in to a home. New home buyers also now have access for up to $8,000 tax credit. Combined with the historically low interest rates, now is a good time to test the market to see if you qualify for your dream of home ownership.

Below is a snapshot of the Scottsdale, Phoenix, North Phoenix and the Southeast Valley Housing market —
February 27, 2009
Select a hyperlink below to search the local MLS for properties in the city selected.