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Scottsdale Real Estate, Phoenix Real Estate, Scottsdale Homes for Sale, Scottsdale Az Real Estate Listings, Scottsdale Az Homes
Phoenix -Real Estate Market Update 30 day snapshot
Scottsdale and Phoenix Home Inventory Sales Reports
Check the Weekly MARKET SNAPSHOT for the greater Phoenix Metro area
Check the Scottsdale Weekly MARKET SNAPSHOT for all of Scottsdale
The Phoenix Real Estate Market
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On June 20, 2009 for “all areas and types” we recorded a Monthly Median Sales Price of
$124,000, up 7.8% from the $115,000 we
recorded on April 30.
years ago.
July was a good month for people who like foreclosures (and there seem to be a lot of these people in town). New foreclosure notices in Maricopa county in July were at a similar high level to June, though they faded a little in the latter part of the month.
August -In a real estate cycle, pricing is the last indicator to change direction. We saw average pricing make a clearly defined bottom in April 2009 and it has already risen strongly between then and now.
Most indicators suggest the market is still improving but at a much more sedate pace than in the second quarter. Now we anticipate a period of consolidation where overall pricing remains relatively stable. Luxury homes and normal sales will continue to fall in price for some time yet, but these are offset by the rise in price of the affordable homes, particularly those that are bank-owned. The overall direction of average pricing for the next two months is uncertain and we don't anticipate any strong movement either way in this time frame.
From The Cromford Report
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View the Home Sales Report for Maricopa County
Search The Scottsdale and Phoenix MLS for residential properties for sale
We are full time / full service Realtors® specializing in
Scottsdale and the northeast valley.
Residential real estate sales - single family homes, condos,
townhomes, investment properties, new homes and more!!!
Check out the latest Home Sale Reports
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or complete our Buyer Purchase Request Form
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or ask for a FREE Home Valuation
For additional information regarding Scottsdale and the
greater Phoenix metro area Real Estate Sales
Please send any direct e-mail request to
Realtors garyandclaudia@cox.net
or call our Toll Free Number , 866-464-2140
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