Local and nationwide daily real estate related news from official sources and blogs of real estate professionals.

South Scottsdale Market Reports - November 2008

Posted December 3rd, 2008 by Matthew Pellerin
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Single Family Homes Sales in South Scottsdale - November, 2008 November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in % Asking Price $415,624 $351,906 $281,081 -20.13% -32.37% Sale Price $395,036 $327,119 $266,219 -18.62% -32.61% % of Asking Price 95.05% 92.96% 94.71% 1.88% -0.36% Price/SqFt $216 $183 $157 -14.21% -27.31% DOM* 114 88 119 35.23% 4.39% Total Transactions 49 58 39 -32.76% -20.41% Condos/Townhouses Sales in South Scottsdale - November, 2008 November, 2007 October, 2008

North Scottsdale Market Reports - November 2008

Posted December 3rd, 2008 by Matthew Pellerin
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Single Family Homes Sales in North Scottsdale - November, 2008 November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in % Asking Price $947,283 $687,850 $788,945 14.7% -16.71% Sale Price $884,960 $629,961 $719,988 14.29% -18.64% % of Asking Price 93.42% 91.58% 91.26% -0.35% -2.31% Price/SqFt $298 $223 $234 4.93% -21.48% DOM* 136 159 165 3.77% 21.32% Total Transactions 175 195 148 -24.1% -15.43% Condos/Townhouses Sales in North Scottsdale - November, 2008 November, 2007 October, 2008

Fountain Hills Market Reports - November 2008

Posted December 3rd, 2008 by Matthew Pellerin
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Single Family Homes Sales in Fountain Hills - November, 2008 November, 2007 October, 2008 November, 2008 Monthly Change in % Annual Change in % Asking Price $603,500 $467,247 $503,593 7.78% -16.55% Sale Price $565,625 $439,179 $456,935 4.04% -19.22% % of Asking Price 93.72% 93.99% 90.73% -3.47% -3.19% Price/SqFt $226 $181 $168 -7.18% -25.66% DOM* 134 230 154 -33.04% 14.93% Total Transactions 20 29 20 -31.03% 0% Condos/Townhouses Sales in Fountain Hills - November, 2008 November, 2007 October, 2008

Sky Harbor is America's Healthiest Airport

Posted December 2nd, 2008 by Matthew Pellerin
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Health Magazine rated Phoenix Sky Harbor International airport #1 healthiest airport in the United States. It "won rave reviews for its commitment to a comfortable, low-stress experience for flyers. Sky Harbor’s healthful dining options scored well on the annual Physicians Committee for Responsible Medicine (PCRM) airport-food scale, which measures the percentage of eateries with healthy offerings at major airports," according to Health Magazine.

West Valley Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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West Valley single family homes, condos and townhouses sales reports for November 2008 including: Avondale, El Mirage, Glendale,

East Valley Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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East Valley single family homes, condos and townhouses sales reports for November 2008 including: Apache Junction, Chandler, Gilbert,

Rio Verde Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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Central Corridor Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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Carefree Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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Cave Creek Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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Scottsdale Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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Paradise Valley Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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Phoenix Market Conditions, November 2008

Posted December 2nd, 2008 by Matthew Pellerin
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Information Meeting for Gateway Freeway Plans

Posted November 26th, 2008 by Jamie Geiger
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Transportation officials are moving ahead with plans for the Williams Gateway Freeway in east Mesa.

The proposed 22-mile freeway would extend from the eastern end of the Loop 202-Santan Freeway near the Phoenix-Mesa Gateway Airport through Pinal County to connect either to U.S. 60 or Arizona 79.  Here is an illustration of the 3 proposed routes into Pinal County.

Two meetings are planned to discuss the proposed Freeway.

Arizona real estate auction boasts more than 150 properties

Posted November 18th, 2008 by Matthew Pellerin
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Over 150 properties will be auctioned at the upcoming "Great Arizona Real Estate Auction."  Buyers and sellers alike are lining up to take advantage of this unique opportunity.  "This is the best time in decades to buy Real Estate in Arizona, values have declined to the point that you can now purchase property in some cases, at a price lower than it costs build," said John McCann, National Real Estate Auction Corporation (NREAC) President.

Price decline for Greater Phoenix Resale Homes, but Sales Volume up

Posted November 15th, 2008 by Christoph Schweiger
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Greater Phoenix resale numbers show decline in prices:

Queen Creek Real Estate-New FHA Loan Limits for 2009

Posted November 13th, 2008 by Jamie Geiger
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FHA Maximum Loan Limits

As of January 1, 2009 the maximum FHA loan limit for single family residences in Arizona are as follows…

Maricopa County                $271,050

Coconino County              $333,500

All Other Counties              $271,050

Diverse Solutions dsSearchAgent IDX solution greatly enhanced

Posted November 7th, 2008 by Christoph Schweiger
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Diverse Solutions releases great enhancements to their map-based IDX MLS search solution dsSearchAgent:

Queen Creek Real Estate-Market Statistics October 2008

Posted November 7th, 2008 by Jamie Geiger
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Currently there are 1936 active listings showing that inventory is up slightly from  Aug 2008.  The current absorption rate or supply of homes in Queen Creek is 5.8 months.

For the month of Aug 2008

New Listings: 605

Pending Sales: 355

Sold Homes: 332

Queen Creek Real Estate- Listing Status Aug 2008

South Scottsdale Market Reports - October 2008

Posted November 6th, 2008 by Matthew Pellerin
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Single Family Homes Sales in South Scottsdale - October, 2008 October, 2007 September, 2008 October, 2008 Monthly Change in % Annual Change in % Asking Price $384,857 $289,171 $349,501 20.86% -9.19% Sale Price $367,491 $274,565 $321,575 17.12% -12.49% % of Asking Price 95.49% 94.95% 92.01% -3.1% -3.64% Price/SqFt $204 $161 $180 11.8% -11.76% DOM* 116 96 86 -10.42% -25.86% Total Transactions 56 68 59 -13.24% 5.36% Condos/Townhouses Sales in South Scottsdale - October, 2008 October, 2007 September, 2008

North Scottsdale Market Reports - October 2008

Posted November 6th, 2008 by Matthew Pellerin
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Single Family Homes Sales in North Scottsdale - October, 2008 October, 2007 September, 2008 October, 2008 Monthly Change in % Annual Change in % Asking Price $997,133 $775,409 $687,850 -11.29% -31.02% Sale Price $909,371 $735,396 $629,961 -14.34% -30.73% % of Asking Price 91.2% 94.84% 91.58% -3.44% 0.42% Price/SqFt $293 $251 $223 -11.16% -23.89% DOM* 155 150 159 6% 2.58% Total Transactions 197 194 195 0.52% -1.02% Condos/Townhouses Sales in North Scottsdale - October, 2008 October, 2007 September, 2008

Fountain Hills Market Reports - October 2008

Posted November 6th, 2008 by Matthew Pellerin
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Single Family Homes Sales in Fountain Hills - October, 2008 October, 2007 September, 2008 October, 2008 Monthly Change in % Annual Change in % Asking Price $669,010 $529,607 $467,247 -11.77% -30.16% Sale Price $679,984 $493,118 $439,179 -10.94% -35.41% % of Asking Price 101.64% 93.11% 93.99% 0.95% -7.53% Price/SqFt $256 $196 $181 -7.65% -29.3% DOM* 161 148 230 55.41% 42.86% Total Transactions 24 28 29 3.57% 20.83% Condos/Townhouses Sales in Fountain Hills - October, 2008 October, 2007 September, 2008

CityNorth phase one preps for grand opening

Posted November 5th, 2008 by Matthew Pellerin
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A grand opening celebration will be held Nov. 13-15 for CityCenter, the first phase of CityNorth. 

Located at 56th Street and Deer Valley Drive off Loop 101 in north Phoenix, this mixed-use development is the work of Related Urban and the Thomas J. Klutznick Co.  

Click to continue  »

West Valley Market Conditions, October 2008

Posted November 4th, 2008 by Matthew Pellerin
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West Valley single family homes, condos and townhouses sales reports for October 2008 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.
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