The Luxury Home Sales Market in Scottsdale 2013

 

Read all about Jen, Top Producing Scottsdale Realtor, HERE

National Tends.         Scottsdale Housing Predictions.  Phoenix Housing Market Sales Stories.

Arizona Real Estate Sensationalism.

Inconsistent “expert” Predictions.

Want the Truth?  Ready for the Hard Facts? Here’s a clear retrospective of our Local Scottsdale Real Estate Market.

The Luxury Home Sales of The North Valley:  86% of Sales are either  in Scottsdale or Paradise Valley.

Single Family Home Sales $1,000,000 or more in Scottsdale, Paradise Valley, Fountain Hills, Rio Verde, Arcadia, Biltmore, Cave Creek, and Carefree:

% of Sales are in Either Scottsdale or Paradise Valley

Scottsdale took the market for most of the luxury home sales market.  The Scottsdale Housing Market had high sales due to the new projects in Desert Mountain, the Shea Corridor, DC Ranch, Grayhawk, Troon, Pinnacle Peak, and McDowell Mountains. 

Foreclosures and short sales have decreased by 17 percent in the luxury home sales market in Scottsdale.  last year, in 2012, the total home sales were at it’s highest market level in 5 years, since 2007.

It would appear that the luxury home sales market in Scottsdale, Paradise Valley, and surrounding areas, seem extremely volatile if measured on a short-term basis.  Sales pricing in the Scottsdale Housing Market has relatively low volume  as well as a wide variety of price points, which means accuracy in pricing needs to be judged on a per square foot basis.

Jen Wehner, Top Producing Scottsdale Realtor. See her Qualifications HERE

Although prices fell in 2001 by over-supply, then again due to 9/11, 2004 escalated and into 2005 and 2006.  From 2006 onwards prices fell, but in less expensive markets.  In the luxury sales market, such as Scottsdale and Paradise Valley, prices continued climbing.  From 2006 through 2008, price per square foot increased, despite a slowdown in sales.  Prices took a toll in mid-2008 through 2010 from extreme economic recession.

Search for homes HERE

When prices drifted to the low in February 2012, this decline, from it’s peak, was a significant 31%, this was far less than the huge drop of 59% in the overall Phoenix market.

 Towards the end of 2012, the good news was that price per square foot for homes in Scottsdale, Paradise Valley, and surrounding Luxury Home Markets, started it’s upward climb.  This Luxury Home Sales Market in Scottsdale & Paradise Valley has continued it’s upward climbing trend.

All of this equates into great news for The Luxury Home Sales Market in Scottsdale 2013.  Call, Jen Wehner, a Top Producing Luxury Scottsdale Real Estate Broker and Best Paradise Valley Realtor.  Jennifer has over 10 years experience in this ever evolving and changing marketing conditions.  Jen Wehner is up to date on all aspects of the latest trends here in Scottsdale.  Jennifer would be thrilled to answer any questions you may have about current Scottsdale Housing Conditions.

You do not want to miss out  on this exciting opportunity which currently exists here in Scottsdale and Paradise Valley!