My Take:
In March of 07, I looked at data in the MLS, to see what homes were selling for verses asking price. The difference in March was 96%, in comparison, November of 06, the difference was 94%. When I compare that to 2004, the asking price to sales price was 98%. It looks like buyers and sellers are seeing, more eye to eye, on what homes are worth.

Catherine Reagor

The Arizona Republic
May. 14, 2007 09:15 AM

The standoff between home buyers and sellers in metropolitan Phoenix could be nearing an end.

The….for more click title

Here is a cool event in South Scottsdale at the Baseball stadium:

The Scottsdale Stadium Starlight Sleepover April 28 and 29! Campers will enjoy a night under the stars and an evening filled with outdoor crafts, games, a big screen movie, stargazing and delicious food. Activities are geared toward those 2 to 10 years old. Cost is $28 per person with those two and younger free. To register, contact the Stadium at (480) 312-2380 or aboenning@ScottsdaleAZ.gov.

My Take:

It’s a shame that people who recently purchased a home are facing foreclosure. I honestly don’t know what effect the increase in foreclosures is going to have in South Scottsdale becasue it seems to be more of a problem in the outlying cities (Queen Creek, Buckeye, Maricopa) . There aren’t many foreclosures in Scottsdale.

If I were to give some advice, to someone facing foreclosure, that would be to do something and not to ignore it. Lots of people facing foreclosure ignore it and hope it will go away. It’s not going away…..for more click title

My take:

Surprisingly, even with the slump in overall sales, home appreciation continues to be up and that has a lot to do with the desirability of South Scottsdale. With the Sky Song starting construction and Scottsdale Water Front almost completed, South Scottsdale is more and more, becoming a centerpiece for work and entertainment.

Peter Corbett
The Arizona Republic
Apr. 10, 2007 11:06 AM

A slump in Scottsdale-area home sales continued in March with a 15 percent drop from a year ago, according to a report released Tuesday from Realty Studies at Arizona State University.

Still, median prices for….for more click title

My Take:
Its interesting to see what is going on in Scottsdale and South Scottsdale in relation to other cities in the Valley. Hopefully, the local real estate market will improve in 2007.

Greater Phoenix resale numbers start 2007 above 2003 levels

Tuesday, February 13, 2007
MESA, Ariz. — As the new year began, the local resale housing market continued to slip with 4,520 sales recorded in January. This is down from the 4,620 sales of December 2006 and the 5,260 recordings of a year ago.

This is the lowest monthly level for January since 4,220 sales were….for more click title

My Take:

Here is a great article about Zillow.com which is a good website for looking at the values for your home and your neighborhood. Luckily, in Arizona, home sales do become public information and everybody can see what homes are selling for. A couple of things to keep in mind about Zillow, the information on recent sales lags about 4-8 weeks and in older neighborhoods, like in most of South Scottsdale, the amount of remodeling and updating can vary greatly from home to home and thats not always reflected in Zillow’s home value estimates.

By Lesley….for more click title