Scottsdale Market Trends
Maricopa County Market Trends
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
Existing Home Sales in 2020 Hit Highest Point Since 2006, But Listings are at a Record Low
By Diana Olick, CNBC, January 22, 2021
Pandemic-driven demand sent total 2020 home sales to the highest level since 2006.
Still, even the most avid buyers are bumping up against barriers in today’s housing market. Record low supply and record high prices are limiting the exceptionally high demand.
Mortgage Delinquencies Rise Nationwide, But Not in Phoenix
By Angela Gonzales, Phoenix Business Journal, January 13, 2021
While mortgage delinquencies continue to rise nationwide, the rate is falling in metro Phoenix.
Borrowers continue to move through the delinquency funnel, with October 2020’s serious delinquency rate reaching over three times that of October 2019 nationwide, according to CoreLogic Inc.’s latest Loan Performance Insights report.
How the Rollout of COVID-19 Vaccines Could Help – and Hurt – the U.S. Housing Market
By Clare Trapasso, Realtor.com, January 11, 2021
The coronavirus pandemic and the ensuing financial crisis have caused immeasurable hardship and pain across the U.S. Paradoxically enough, the crisis has also served as a turbocharged shot to the housing market. Feverish buyers rushed into the market just as COVID-19-shy sellers pulled their homes off—forcing buyers into bidding wars and pushing prices up to new heights. Recession be damned.
Valley Housing Prices Broke Records in 2020, Poised for More
By Paul Maryniak, Progress Executive Editor, January 10, 2021
The Phoenix Metro housing market broke a load of records in 2020, according to a web service that closely watches home sales in Pinal and Maricopa County.
The Valley market broke records for highest listing success rate, highest average price for monthly and annual sales and highest square foot price for listings as well as monthly and annual sales – among others – according to the Cromford Report.
Stay informed on the latest Scottsdale AZ real estate market trends by bookmarking this page. The real estate trends in Phoenix and Scottsdale are completely different than the national trends. This page is updated frequently to keep you informed on the changes in the market. Research the latest Scottsdale real estate market trends and housing statistics right here. We want all of our clients to have access to the most current Scottsdale real estate stats and trends.
Please call Carmen Brodeur at (602) 791-0536 with any questions.