North Scottsdale Real Estate Market Report for March 2012

You can either watch the video or read the blog. The content is the same.

This market’s on fire! This report covers all of North Scottsdale Real Estate Included in the category are: Single Family Homes, Patio Homes, Town Homes and Condos of North Scottsdale Homes for Sale.

The total supply of real estate for North Scottsdale homes for sale is 2714 (3/15/2012) compared to 2892 a month ago, a 7% drop in supply. North Scottsdale homes for sale under contract rose to 1626 from 1469 a month ago. This number represents a 10% increase over a month before indicating the spring buying season is well under way as demand increases. North Scottsdale Real Estate sold for February 2012 was 638, compared to 541 last year. That is a 17% increase in demand!

North Scottsdale real estate prices for the month were $152/sf. compared to $149/sf. last month. This was 2% higher, defined as appreciation, over last month.

The breakdown…increases across the board!
Single Family Homes; we sold 479 in North Scottsdale Real Estate for an average of $155/sf, a 2 % increase!

Townhomes and Condos; we sold 136 in North Scottsdale Homes for Sale for an average of $144/sf, also an increase!

Let’s talk about North Scottsdale Foreclosures: Inventory of North Scottsdale Foreclosures is 300 Homes for Sale.

That counts: Fountain Hills, McCormick Ranch, DC Ranch, Troon, Grayhawk, Cave Creek, Carefree and Desert Ridge. Just Three hundred available in all of those areas!

The reality is foreclosures are going away. This is a 15% decrease in North Scottsdale Foreclosures in one month!

North Scottsdale Foreclosures under Contract is 825. Same as last month.

North Scottsdale Foreclosures sold in February was 215 vs 212 last month. The reason that number’s not going to go up, is there’s less supply to buy.

North Scottsdale Foreclosures prices for homes sold in January was $127/sf. vs $124/sf. last month.

This number will continue to rise. I get goose bumps as I pull the data of the North Scottsdale Real Estate market! It is rising and set to rise as demand increase and supply decreases. It’s on fire! Thank you for watching, or listening, to this months’ North Scottsdale Market Report for March 2012.

North Scottsdale Real Estate Market Report for March 2012

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