Scottsdale Market Trends
Maricopa County Market Trends
This is the current data for home prices, inventory and market activity for the greater Phoenix area, including Scottsdale. The Scottsdale real estate market has been on an upturn since the end of 2011, when home prices were astonishingly low. The median sales price for homes in Maricopa County is up 6.4 percent from last year, and the average sales price is up 7.1 percent.
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
Articles on the Scottsdale and Phoenix Real Estate Market
Builders Speed Up to Meet Housing Demands
DAILY REAL ESTATE NEWS, July 20, 2017
Home builders are ramping up the pace of new-home construction in response to an ongoing shortage of homes for sale across the country.
Housing starts nationwide jumped 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department reported Wednesday. Single-family production zoomed to its second highest rate of this year, increasing 6.3 percent month-over-month to a seasonally adjusted annual rate of 849,000 units. Multifamily starts also rebounded last month, posting a 13.3 percent increase to 366,000 units.
You won’t believe how cheap Phoenix is to live compared to San Francisco, New York, Los Angeles
Mike Sunnucks, Phoenix Business Journal, Jul 17, 2017
We know living in Phoenix is a lot cheaper than other big U.S. cities such as New York and San Francisco.
A new analysis by SmartAsset — a New York-based personal finance technology firm — shows just how much.
Phoenix tops US in population growth (more than LA, NYC) and why that’s good for the economy, business
Mike Sunnucks, Phoenix Business Journal, May 25, 2017
Phoenix is tops in the U.S. for population growth, according to new data from the U.S. Census Bureau.
Phoenix added 32,113 persons to its population between July 2015 and July 2016. That’s more than any other city in the U.S.
Existing home sales highest since 2006; up 18% over year ago
Mike Sunnucks, Phoenix Business Journal, May 11, 2017
Sales volume for existing homes in the Valley is at its highest level since 2006 — before the last crash and recession — and is up 18 percent versus last year.
That is according to Phoenix regional housing data crunched by real estate expert Fletcher Wilcox.