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 4.8 percent from last year, and the average sales price is up 4.8 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
Case-Shiller Home Prices: Approaching a Balanced Market—but There’s a Big If
By Suzanne De Vita – RSI Media, August 27, 2019
In a 15-month trend, annual appreciation decelerated to 3.1 percent in June, falling from 3.3 percent in May, according to the national S&P CoreLogic/Case-Shiller Indices, released today.
The declining gains indicate a return to sustainability, explains Philip Murphy, managing director and global head of Index Governance at S&P Dow Jones Indices.
Existing-Home Sales Strengthen
By RISMedia Staff, August 21, 2019
Home-Buying Ramps Up on Rates
Budged by historically low mortgage rates, existing-home sales sprang up 2.5 percent, according to the July National Association of REALTORS® report, released today. July’s sales totaled 5.42 million, an 0.6 percent bump year-over-year.
Phoenix posts strong job growth in new government data
By Tim Gallen – Digital Editor, Phoenix Business Journal, July 05, 2019
The Phoenix metropolitan area saw some of the strongest job growth during the past year, according to newly released data from the U.S. Bureau of Labor Statistics.
Metro Phoenix saw 3.2% growth in non-farm employment from May 2018 to May 2019, according to BLS data. That marks the biggest percentage growth rate among all major U.S. metro areas with populations of 1 million or more.
Arizona real estate is still heating up
azbigmedia.com Real Estate – By Emily Richardson, July 04, 2019
In 2008, Arizona was hit hard during the Great Recession, but the state has bounced back and is seeing a booming Arizona real estate market.
CBRE Group, a commercial real estate company, predicts that Arizona will have a positive economic outlook in 2019 due to employment growth, corporate expansions and a healthy housing market and wage growth.