Scottsdale Real Estate Agent Report – August 2013

So Jeff, I was with a client this week and we found a spectacular home for them and they said well, we’ll think about it a couple days…I’m sure there’s room to move in the price because it’s summertime, and homes don’t sell as fast in the summertime and they probably sell for less.

So, you were in New York City they sell slower in New York City is that what your saying?
Scottsdale Arizona….

Oh -of all places.

I mean the weird thing is about it is, people typically think because the weather is so hot that sales are a lot slower in the summertime. Ash, how many homes do we sell in July this year?

This year, a little over 8200, so 8216 I think exactly.

Ok, so um, now just to throw in that little interest rate argument because they said that as interest rates have been rising over the last four months, how does that compare to last year?

OH, 7180 were sold in July of 2012 so, over 1000 more homes sold in July this year than in July last year, with rates higher.

Oh, because there being scared into buying now because that rates are going up more of course, yea.

Right, so I would say that the demand is still strong wouldn’t you?

I would have to argue that the demand is still strong and also that inventory remains low, I mean we have 17,724 homes on the market as of this morning, you said we sold 8200 homes in July this year, simple math puts that over a little over 2 months inventory valley wide, Scottsdale’s a little closer to 5 months inventory.

And let’s not forget about prices, last year in July, the average price was $402,000 and this year…

They said it’s slowing…

I know it’s going to slow down because rates are going up and it’s getting hot in Scottsdale, well guess what, $480,000 is the average price this year so, I don’t know.

I’d have to say that Cup Theory prediction is looking pretty good!

Who was that genius that came up with that?

It’d better slow down a little bit, I mean the reality is we do expect it to cool off a little bit because now we’re losing all of that distressed supply I mean no one’s even making an argument that there’s distressed homes out there.

So as it’s finishing up in the marketplace we expect it to cool down maybe to single digits next year or something like that…

Yea, but still going strong so, we’ll keep you guys posted.

So, buy now, or sell now…wait a minute!


Thanks you guys!



Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Ready to talk? Call us today.

  • #1 AZ Real Estate Team

  • Best REALTOR® In The Valley 2017

    - Nominee

    Finalists will be announced in October 2016

  • Top Ranked Real Estate Team

    - Phoenix Business Journal

    2015, 2016

  • Top 10 Buyer’s Agent

    - by Sales Volume

    Homes & Land Magazine 2015, 2016

  • Top 10 Producing Agent

    - by Sales Volume

    Homes & Land Magazine 2011, 2012, 2013, 2014, 2015

  • Top 1% of REALTORS®

    - in Maricopa County by Sales Volume

    Arizona Regional MLS 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016

  • Real Estate Agent of the Year

    - Finalist

    AZ Business Magazine – 2014

  • #1 Real Estate Team

    - in Arizona

    Ranking Arizona – 2014

  • #1 Agent by Sales Volume

    - in Arizona

    Realty One Group, North Scottsdale Office -2015, 2016 Realty One Group, Scottsdale Office - 2011, 2012, 2013, 2014 Realty One Group, National - April 2014

  • Gold Zone Award

    - in Arizona

    Realty One Group, National - 2014, 2015, 2016

  • Real Trends

    (National REALTOR® Rankings)

    Best Real Estate Agents in America 2014

See More
  • Date: 05/23/2019

    Source: Zillow

    Vickie had my condominium under contract within 5 days! We worked as a team to price the property accurately and she made me feel comfortable - Read More

  • Date: 05/23/2019

    Source: Zillow

    Neal is great! He took a lot of time with the showings and worked hard on negotiations for us. I would highly recommend him. We - Read More

  • Date: 05/22/2019

    Source: Zillow

    Elise was great from start to finish. I initially interviewed her and four other realtors before listing my property. They all gave me information on - Read More

  • Date: 05/18/2019

    Source: Zillow

    My husband and I have, both, sold and purchased a house with the help of Shawna and Tim. They have been incredibly supportive, knowledgeable, efficient, - Read More

  • Date: 05/17/2019

    Source: Zillow

    If you are looking for someone that is highly skilled and has both knowledge and passion in Real Estate, Kimberly is your pick! She is - Read More

See More