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

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Here is the Phoenix/Scottsdale area Monthly Real Estate Market Report for June 2019, which shows 10,485 homes sold in the month of May compared to 10,0097 homes in May 2018. This is a 3.8% increase in the number homes sold year over year, and an increase of 7.8% from last month! It is the most homes sold in a the last 5+ years, and the market remains strong with the average sale price is up 4.7% year over year. And the amount of listed homes is up by 2.4% to 16,628 from 16,245 in May 2018, but down from 17,724 in April.

Demand is still gaining strength into Summer and the market is expected to remain strong. Sales activity may still be constrained by the lower supply of listed homes but the number of listed homes has come down a bit again. The average days on market is down 4.7% from last month to just 60 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

Scottsdale is #1 Profitable City for Airbnb

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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

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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

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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

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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

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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

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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

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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

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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

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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