This feature is continuously updated as market conditions change

[monira khatun]

11-10-2005 Market Update

The latest market data for Scottsdale Homes as well as Fine Homes in the Phoenix area suggests that the market is still very active. Interest rates have risen only slightly since December, and the median price for a Fine Home in the valley hit $190,000 in December as well. Homes priced right are selling in a matter of days, some homes sell on day one w/ multiple offers. Its definitely still a sellers market. Buyers need industry email list to be very competetive with clean offers to avoid losing a home to another buyer who has already missed out on a few homes. The good deals are often gone in one day laterly. Due to the limited availability of homes in North Scottsdale, home sellers are getting top dollar for premium lots with mountain and city views. Home buyers absolutely must come to the table with financing secured or risk having their offer rejected.

The median price for Scottsdale Homes has risen to approximately $385,000 in the month of December. Appreciation is fueling the rapid pace of AZ Real Estate, with many investors also rushing to get in while the rates are good. The rush to invest in AZ Real Estate has caused builders to conduct lotteries. Instead of the usual first come first serve process to buy a New Phoenix Home, you can enter a lottery to have your name drawn and then if you are lucky, make a decision to close on your New Phoenix Home.