Grayhawk Real Estate Market Report – June 2012

This report is covering the North Scottsdale Community of Grayhawk. The focus will be on the current real estate market including, but not limited to how many homes for sale, how many sales are currently pending, and what recently closed in Grayhawk June 2012.

The Grayhawk Real Estate market has significantly changed over the past 12 months with the last 6 months making a full on commitment to appreciation. This was a sight for sore eyes! So I want to share the details. See the numbers below, that’s if you’re reading the blog, for Grayhawk Real Estate June 2012. The combined Grayhawk Real Estate prices, for all the homes sold, was 171 a square foot. There were 24 homes sold for the entire month. The Grayhawk homes, which is just the single family and the patio homes that sold, we sold 13 at an average of 177 a square foot. Grayhawk townhomes and condos sold there were 11 averaging 162 a square foot. Compare to January 2012 the combined Grayhawk Real Estate prices for all the homes sold in Grayhawk was 151 per square foot. Holy Cow, that’s over 12% appreciation in the past 6 months from January to June!

Grayhawk Real Estate market data – active currently 48 homes on the market, AWC and pending or under contract there’s 49. Sold Grayhawk Real Estate in June was 24. So that means, you know, not too many homes on the market for considering how many we are selling. The breakdown is there were 13 single family homes sold, there were 11 townhomes and condos sold in June. Of which the total there was only 1 foreclosure sold in Grayhawk in all of June, and six short sales sold for a combined of 7 out of the 24 representing just under 1/3. Prices are moving up at a pace of 2% a month and building on the momentum of the later part of last year.

Inventory for Grayhawk continues to be on a decline down over 25% since January. That means there are two months of homes available as I just said. The question begs, where are all those foreclosures and short sales that people were promised us were coming?

Grayhawk Real Estate market looks to remain very strong over the next 12 months. If you are interested in selling your Grayhawk home be sure to visit our selling a home page.

That’s the Grayhawk Real Estate Market Report for June 2012. I am Jeff Sibbach hope you’re enjoying a great summer. Look there’s clouds must be July!

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