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Scottsdale Real Estate Market Update - #7

For ARMLS, the new FlexMLS went live Monday (July 28, 2008). Actually, it wasn’t really live on Monday, as new listings I needed to enter could not be saved on Monday.  Tuesday, however, I was able to save new listings.  Accordingly, I suspect there are still some data integrity problems with what we see in MLS.   One data point worth noting is the drop off in pending sales this week.  I suspect this is the seasonal impact that results from the start of school August 11.

Currently, Scottsdale has 3871 homes for sale, down by 55; 328 home sales are pending, down by 25; and 285 homes were sold in the last 30 days, up by 51. This results in 13.6 months of supply. As well, Scottsdale has 1765 condos for sale, down by 45; 125 condo sales are pending, down by 27; and 136 condos were sold in the last 30 days, up by 6, resulting in 13.0 months of supply.

The following is a breakdown of single family homes statistics for the 6 price categories I’ve selected for Scottsdale:

Price	Homes for Sale	Sales Pending	Sold
$0-$300,000	213 2	57 3	44 6
$300,001 - $500,000	741 0	100 14	108 13
$500,001 - $750,000	879 12	77 1	62 3
$750,001 - $1,000,000	620 22	31 3	33 0
$1,000,001 - $2,000,000	810 35	48 5	31 2
$2,000,001+	605 11	15 1	7 0

*Notes: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days. The following trend indicators are relative to the previous week’s update:

Positive move upward Positive move downward

Negative move downward Negative move upward

Scottsdale Real Estate Market Update - #6

For ARMLS, the new FlexMLS goes live tomorrow (July 28, 2008).  As a result of the change over from Tempo, all data updates have been frozen since Friday morning.  Therefore the accuracy for this update is certainly off, as changes in statuses for Friday, Saturday, and today (particularly closings on Friday) are not reflected in the numbers below.  Next week, I expect bigger changes than we would otherwise expect, as the new data pours into the system on Monday/Tuesday to catch up from over the weekend.

Currently, Scottsdale has 3926 homes for sale, up by 11; 353 home sales are pending, down by 18; and 234 homes were sold in the last 30 days, down by 67. This results in 16.8 months of supply. As well, Scottsdale has 1810 condos for sale, up by 25; 152 condo sales are pending, down by 2; and 130 condos were sold in the last 30 days, down by 4, resulting in 13.9 months of supply. The following is a breakdown of single family homes statistics for the 6 price categories I’ve selected for Scottsdale:

Price	Homes for Sale	Sales Pending	Sold
$0-$300,000	215  2	60 6	38 2
$300,001 - $500,000	741 13	114 6	95 5
$500,001 - $750,000	867 12	76 5	65 6
$750,001 - $1,000,000	642 10	34 3	33 7
$1,000,001 - $2,000,000	845 8	53 3	29 4
$2,000,001+	616 6	16 1	7 2

*Notes: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days. The following trend indicators are relative to the previous week’s update:

Positive move upward Positive move downward

Negative move downward Negative move upward

Scottsdale Real Estate Market Update - #5

This update comes via data in the new FlexMLS system, which is due to be released on July 28, 2008.  Until FlexMLS goes live, the data is being updated once a day with the data that is in Tempo.  Some data discrepancies may exist, but in spot checking, it seems more than accurate enough for the reporting on this blog.

Currently, Scottsdale has 3915 homes for sale, down by 15; 335 home sales are pending, down by 4; and 301 homes were sold in the last 30 days, down by 5. This results in 13.0 months of supply. As well, Scottsdale has 1785 condos for sale, up by 101; 150 condo sales are pending, down by 4; and 134 condos were sold in the last 30 days, up by 6, resulting in 13.3 months of supply. The following is a breakdown of single family homes statistics for the 6 price categories I’ve selected for Scottsdale:

Price	Homes for Sale	Sales Pending	Sold
$0-$300,000	217 4	54 4	40 1
$300,001 - $500,000	728 8	108 1	100 1
$500,001 - $750,000	879 20	71 7	79 2
$750,001 - $1,000,000	632 3	31 3	40 4
$1,000,001 - $2,000,000	837 1	56 2	33 6
$2,000,001+	622 3	15 1	9 1

*Notes: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days. The following trend indicators are relative to the previous week’s update:

Positive move upward Positive move downward

Negative move downward Negative move upward

Scottsdale Real Estate Market Update - #4

Currently, Scottsdale has 3930 homes for sale, down by 13; 339 home sales are pending, up by 7; and 306 homes were sold in the last 30 days, down by 20. This results in 12.8 months of supply. As well, Scottsdale has 1684 condos for sale, down by 3; 154 condo sales are pending, down by 17; and 128 condos were sold in the last 30 days, down by 9, resulting in 13.1 months of supply.

The following is a breakdown of single family homes statistics for the 6 price categories I’ve selected for Scottsdale:

Price	Homes for Sale	Sales Pending	Sold
$0-$300,000	213 1	50 0	39 1
$300,001 - $500,000	720 8	107 1	101 2
$500,001 - $750,000	899 0	78 6	81 8
$750,001 - $1,000,000	635 3	34 1	36 6
$1,000,001 - $2,000,000	838 7	54 2	39 2
$2,000,001+	625 6	16 1	10 1

*Notes: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days. The following trend indicators are relative to the previous week’s update:

Positive move upward Positive move downward

Negative move downward Negative move upward

Loop 101 photo enforcement ends

Effective July 1, 2008, the city of Scottsdale has ended the one year agreement it had with the Arizona Department of Public Safety to continue Loop 101 photo enforcement.  With construction shutting down some of the cameras, along with the new bill passed into law for sate wide photo enforcement, the City of Scottsdale decided now was a good time to end their enforcement/involvement.

Scottsdale city court will still process all citations issued through the end of June.

According to the East Valley Tribune, it is unclear whether the existing fixed cameras will go back into effect once construction is complete, and once the contract for state wide photo enforcement is awarded.

Scottsdale Real Estate Market Update - #3

Currently, Scottsdale has 3943 homes for sale, down by 111; 332 home sales are pending, down by 22; and 326 homes were sold in the last 30 days, down by 28. This results in 12.1 months of supply. As well, Scottsdale has 1687 condos for sale, down by 43; 137 condo sales are pending, down by 14; and 137 condos were sold in the last 30 days, down by 1, resulting in 12.3 months of supply.

The following is a breakdown of single family homes statistics for the 6 price categories I’ve selected for Scottsdale:

Price	Homes for Sale	Sales Pending	Sold
$0-$300,000	214 12	50 1	40 0
$300,001 - $500,000	728 13	108 8	103 12
$500,001 - $750,000	899 22	72 4	89 8
$750,001 - $1,000,000	638 13	35 2	42 3
$1,000,001 - $2,000,000	845 41	52 3	41 3
$2,000,001+	619 34	15 3	11 2

*Notes: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days.

The following trend indicators are relative to the previous week’s update:

Positive move upward Positive move downward

Negative move downward Negative move upward

DC Ranch Market Update - #1

I hope everyone reading had a safe and fun 4th of July. I took the day away from the blog, so here is the DC Ranch update on Saturday, instead of Friday.

For the Scottsdale subdivision of DC Ranch, there are currently 120 single family homes actively listed for sale, there are 13 homes with sales pending, and 11 homes closed escrow (sold) in the last 30 days, resulting in 10.9 months of supply. Homes currently range in price and size from $500,000 for 1853 square feet, to $5,395,000 for 8121 square feet.

Status	Price Range	# Homes	Average Size	Average Price	Median Price
Active	$0-$750,000	40	2681 sq ft	$666,240	$672,000
Active	$750,001-$1,000,000	22	3195 sq ft	$850,586	$800,000
Active	$1,000,001 - $2,000,000	37	3921 sq ft	$1,401,727	$1,350,000
Active	$2,000,001+	21	6085 sq ft	$3,451,190	$3,345,000
Active	All PRICES	120	3753 sq ft	$1,414,178	$998,000
Pending	$0-$750,000	3	2989 sq ft	$624,466	$599,900
Pending	$750,001-$1,000,000	2	3434 sq ft	$789,450	$789,450
Pending	$1,000,001 - $2,000,000	7	4390 sq ft	$1,507,343	$1,575,000
Pending	$2,000,001+	1	4800 sq ft	$2,075,000	$2,075,000
Pending	ALL PRICES	13	3951 sq ft	$1,236,823	$1,150,000
Sold	$0-$750,000	6	2139 sq ft	$555,000	$522,500
Sold	$750,001 - $1,000,000	2	2943 sq ft	$913,750	$913,750
Sold	$1,000,001 - $2,000,000	3	4379 sq ft	$1,553,333	$1,505,000
Sold	$2,000,001+	0	—- sq ft	$-,—,—	$-,—,—
Sold	ALL PRICES	11	2896 sq ft	$892,500	$641,000

*Note: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days, and noted prices are SOLD prices, while active and pending prices are ASKING prices.

Scottsdale Real Estate Market Update - #2

Currently, Scottsdale has 4054 homes for sale, down by 14.  354 home sales pending, down by 12.  And 354 homes were sold in the last 30 days, up by 28.  This results in 11.5 months of supply. As well, Scottsdale has 1730 condos for sale, down by 3.  151 condo sales are pending, down by 4.  And 138 condos were sold in the last 30 days, down by 6, resulting in 12.5 months of supply.

The following is a breakdown of single family homes statistics for the 6 price categories I’ve selected for Scottsdale:

Price	Homes for Sale	Sales Pending	Sold
$0-$300,000	202 3	51 2	40 8
$300,001 - $500,000	741 10	116 4	115 2
$500,001 - $750,000	921 4	76 1	97 8
$750,001 - $1,000,000	651 2	37 4	45 1
$1,000,001 - $2,000,000	886 15	55 1	44 5
$2,000,001+	653 10	18 2	13 2

*Notes: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days.

The following trend indicators are relative to the previous week’s update:

Positive move upward Positive move downward

Negative move downward Negative move upward