Scottsdale is #1 Profitable City for Airbnb

/in , /by

Realtor.com has ranked Scottsdale as the #1 profitable city to own an Airbnb! This is no surprise to us since the City of Scottsdale has long been a popular destination for families and American corporate elites looking for a vacation getaway filled with golf, hiking and outdoor adventures.

With the growing popularity of short term rentals across the country, many cities have created tighter rules or banned Airbnb rentals altogether. Yet, Arizona has gone in the opposite direction. In 2016, Arizona signed a law that prevents cities from banning short-term rentals. Arizona’s legal protection combined with vacation rental demand, makes Scottsdale the perfect place for real estate rental investors.

Scottsdale Residential Real Estate-
Median list price: $685,100
Average daily rate: $301
Occupancy rate: 81%
Active rentals: 5,178

With our years of experience in Scottsdale real estate, we are prepared to find your next profitable investment property! Chris 480-754-9077 & Cheryl 480-754-9477

www.Realtor.com

Phoenix/Scottsdale Real Estate Market May Update – April 2019 Stats

/in /by

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for May 2019, which shows 9,671 homes sold in the month of April compared to 9,165 homes in April 2018. This is a 5.3% increase in the number homes sold year over year, and an increase of 12.1% from last month! The market has increased seasonally and remains strong with the average sale price is up 5.1% year over year. And the amount of listed homes is up by 7.2% to 17,724 from 16,450 in April 2018. Demand is still gaining strength into Spring/Summer when the market is strong seasonally. And sales activity that had been constrained by the lower supply of listed homes has improved but the number of listed homes has come down a bit again. The average days on market is down 4.5% from last month to just 63 days.

Click here to see the full April 2019 Market Report & Statistics

Give us a call or text us at 480-754-9477 or 480-754-9077 and let us know if you’re thinking about buying or selling a home this Spring/Summer, as the strong market continues to be good for both buyers and sellers, or if you have questions about this information. And don’t forget to explore our website AzDreamHomesScottsdale.com to see Scottsdale area homes and more helpful articles. – Chris & Cheryl Park

Phoenix/Scottsdale Real Estate Market April Update – March 2019 Stats

/in /by

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for April 2019, which shows 8,507 homes sold in the month of March compared to 9.596 homes in March 2018. This is a 11.4% decrease for the number homes sold year over year, but an increase of 23.8% from last month! The market has increased seasonally and remains strong with the average sale price is up 6.7% year over year. And the amount of listed homes is up by 9.4% to 18,547 from 16,814 in March 2018. Demand is still gaining strength into Spring/Summer when the market is strong seasonally. And sales activity that had been constrained by the lower supply of listed homes has improved as the number of listed homes has come up from the recent 5+ year low. The average days on market is down 7.1% from March 2018 to just 66 days.

Click here to see the full March 2019 Market Report & Statistics

Give us a call or text us at 480-754-9477 or 480-754-9077 and let us know if you’re thinking about buying or selling a home this Spring, as the strong market continues to be good for both buyers and sellers, or if you have questions about this information. And don’t forget to explore our website AzDreamHomesScottsdale.com to see Scottsdale area homes and more helpful articles. – Chris & Cheryl Park

Phoenix/Scottsdale Real Estate Market March Update – February 2019 Stats

/in /by

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for March 2019, which shows 6,489 homes sold in the month of February compared to 7,046 homes in February 2018. This is a 7.9% decrease for the number homes sold year over year, but an increase of 15.7% from last month! The market has increased seasonally and remains strong with the average sale price is up 6.0% year over year. And the amount of listed homes is up by 10.0% to 19,233 from 17,319 in February 2018. Demand is gaining strength going into Spring when the market is strong seasonally. And sales activity had been constrained by the lower supply of listed homes but the number of listed homes has come up from a 5+ year low. The average days on market is down 9.5% from February 2018 to just 67 days.

Click here to see the full February 2019 Market Report & Statistics

Give us a call or text us at 480-754-9477 or 480-754-9077 and let us know if you’re thinking about buying or selling a home this Spring, as the strong market continues to be good for both buyers and sellers, or if you have questions about this information. And don’t forget to explore our website AzDreamHomesScottsdale.com to see Scottsdale area homes and more helpful articles. – Chris & Cheryl Park

Phoenix/Scottsdale Real Estate Market February Update – January 2018 Stats

/in /by

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for February 2019, which shows 5,474 homes sold in the month of January compared to 6,198 homes in January 2018. This is a 11.7% decrease for the number homes sold year over year. The market has slowed seasonally but does remain strong with the average sale price is up 3.9% year over year. And the amount of listed homes is up by 9.1% to 19,338 from 17,441 in January 2018. Demand slowed a bit at years end but remains strong going into February/March when the market improves seasonally. And sales activity has been constrained by the lower supply of listed homes. Supply of listed homes has come up from a 5+ year low. The average days on market is down 5.8% from January 2018 to just 66 days.

Click here to see the full December 2018 Market Report & Statistics

Give us a call or text us at 480-754-9477 or 480-754-9077 and let us know if you’re thinking about buying or selling a home this Winter, as the strong market continues to be good for both buyers and sellers, or if you have questions about this information. And don’t forget to explore our website AzDreamHomesScottsdale.com to see Scottsdale area homes and more helpful articles. – Chris & Cheryl Park

Phoenix/Scottsdale Real Estate Market January Update – December 2018 Stats

/in /by

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for January 2019, which shows 6,508 homes sold in the month of December compared to 7,204 homes in December 2017. This is a 9.7% decrease for the number homes sold year over year. The market has slowed seasonally but remains strong with the average sale price is up 5.9% year over year! And the amount of listed homes is up by 3.5% to 17,745 from 17,128 in December 2017. Demand has slowed seasonally but remains strong going into January/February when the market improves seasonally. And sales activity is still constrained by the lower supply of listed homes. Supply of listed homes is just off a 5+ year low. The average days on market is down 3.2% from December 2017 to just 62 days.

Click here to see the full December 2018 Market Report & Statistics

Give us a call or text us at 480-754-9477 or 480-754-9077 and let us know if you’re thinking about buying or selling a home this Winter, as the strong market continues to be good for both buyers and sellers, or if you have questions about this information. And don’t forget to explore our website AzDreamHomesScottsdale.com to see Scottsdale area homes and more helpful articles. – Chris & Cheryl Park

Barrett-Jackson 2019

/in , , /by

Do not miss the 48th Annual Barrett-Jackson Collector Car Auction at Westworld Scottsdale January 12-20th. While driving through McDowell Mountain Ranch this week, you may notice the many historical and luxury cars in town for the auction, and it’s hard not to notice the big white tents as you are driving by the 101 and Frank Lloyd Wright. I’m always amazed to think under the tents is millions of dollars in auto sales every January.

Barrett-Jackson was established in 1971 and headquartered in Scottsdale. They are recognized for offering only the finest selection of quality collector vehicles, outstanding professional service and unrivaled sale success.

More than 1,800 cars and 1,600 car collector items will be on display for all to enjoy! Even if you’re not a car fanatic, there is plenty to do with more than 200 exhibitors and over 70 food vendor locations offering a wide variety of dining options. There will also be interactive exhibits from over 100 sponsors, and don’t forget the people watching! Visit Barrett-Jackson to view schedule of events, tickets and family day information.

Phoenix/Scottsdale Real Estate Market December Update – November 2018 Stats

/in /by

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for December 2018, which shows 6,642 homes sold in the month of November compared to 7,187 homes in November 2017. This is a 7.6% decrease for the number homes sold year over year. The market has slowed seasonally but remains strong with the average sale price is up 6.3% year over year! And the amount of listed homes is down by 0.2% to 18,413 from 18,448 in November 2017. Demand has slowed seasonally but remains strong going into January when the market improves seasonally. And sales activity is still constrained by the lower supply of listed homes. Supply of listed homes is just off a 5+ year low. The average days on market is down 6.4% from November 2017 to just 59 days!

Click here to see the full November 2018 Market Report & Statistics

Give us a call or text us at 480-754-9477 or 480-754-9077 and let us know if you’re thinking about buying or selling a home this Winter, as the strong market continues to be good for both buyers and sellers, or if you have questions about this information. And don’t forget to explore our website AzDreamHomesScottsdale.com to see Scottsdale area homes and more helpful articles. – Chris & Cheryl Park

Phoenix/Scottsdale Real Estate Market November Update – October 2018 Stats

/in /by

Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for November 2018, which shows 7,325 homes sold in the month of October compared to 7,410 homes in October 2017. This is a 1.2% decrease for the number homes sold year over year, but an increase of 3.7% from last month! The market remains strong with the average sale price is up 12.8% year over year! And the amount of listed homes is down by 3.8% to 18,511 from 19,235 in October 2017. Demand continues to remain strong into Fall, even with sales activity constrained by the lower supply of listed homes. Supply of listed homes is just off of a 5+ year low. And the average days on market is down 13.9% from October 2017 to just 56 days!

Click here to see the full October 2018 Market Report & Statistics

Give us a call or text us at 480-754-9477 or 480-754-9077 if you’re thinking about buying or selling a home this Fall/Winter, as the strong market continues to be good for both buyers and sellers, or if you have questions about this information. And don’t forget to explore our website AzDreamHomesScottsdale.com to see Scottsdale area homes and helpful articles. – Chris & Cheryl Park

What You Need To Know Before Buying A Horse Property

/in , /by

If you have a horse, or multiple horses, there are plenty properties in the Carefree, Cave Creek, Rio Verde and North Scottsdale to chose from.  Most horse properties are located in unincorporated areas without HOA’s restrictions but there are still various guidelines and regulations that you need to be aware of if you are considering purchasing a horse property.

The issues you should consider are if proper proper permits have been filed by prior/current owners or there is a judgement filed against the property by a bank, a lien holder, or even a level of government. Unless you take the time to investigate and research a piece of property prior to purchasing it, you could find yourself with great financial implications as well as legal issues. 

The areas of Carefree, Cave Creek, Rio Verde Foothills, or Scottsdale are within Maricopa County. The county in itself has ordinances and restrictions based on where the property is situated. While Maricopa County is ultimately the authority in approving land usage. Carefree and Cave Creek municipalities have their own restrictions in addition to the ones in place by the county. 

County Islands – The Unincorporated Land In Maricopa County

 “County Islands”, are the unincorporated Maricopa County” are areas in Maricopa County that aren’t subject to the municipality’s overlays, unless, the property is situated in a specific incorporated area.  These properties are only restricted to Maricopa County, which the Maricopa County Flood Control District could be included. Properties that fall within a floodplain will have a Maricopa County Floodplain overlay.

The zoning of North Scottsdale horse property focuses primarily on setbacks and covered roof area percentages which pertains to square footage overall. Another factor is the number of residential structures located on a zoned property and its usage.  The Maricopa County Zoning Ordinances will provide all Information that relates ordinances, setbacks, use, and zoning.

The Water Issues in North Scottsdale 

Horse property in the Cave Creek area is on municipal water and is known to have significant water issues.  The water supply in other areas may be either hauled in or come from a water well production, dependent on how deep the water is below the ground, the quality of the water, and the water table.

The Floodplain of North Scottsdale 

Maricopa County has areas suitable for horse property are subject to floodplain and floodway, and as such there are additional restrictions regarding building horse arenas, horse barns, horse fencing as well as homesites.  For example, erecting a fence across a floodway requires you to obtain a engineer’s report that determines the flow of water as well as the height and type of the fence structure to be put built. 

The Soil of North Scottsdale

Horse properties in North Scottsdale Arizona area of Maricopa county vary between locations.  The Rio Verde Foothills for example, soil type is stated to as “decomposed granite”, a combination of clay and a fine gravel. When dry, it is hard and slick like concrete, but when wet, becomes gooey. Areas of North Scottsdale have this type of soil, which can be an issue for horses because it does not offer sound footing. Sound footing is needed for those raising horses for barrel racing, cutting, jumping, roping, or working cow horse.  Water is required to minimize dust, compact the dirt and maintain evenness of the ground. Therefore, the water issues combined with the soil in this area both need to be considered when buying land for horse usage.

The Regulations of North Scottsdale 

In regard to buying property for horse use, there are overlays of Maricopa County regulations in Carefree, Cave Creek, Phoenix, and Scottsdale municipalities. Before purchasing property in these areas to use for horses, investigations and research are recommended, which is something we can help you with.

Are you looking to buy a horse property?  Contact Us today!