What is happening in the real estate market?
Thinking of buying a new home in the Scottsdale, Arizona area? Maybe you’re even thinking of selling your current home. No doubt you are taking an interest in Scottsdale, AZ real estate. As you may know, time and knowledge are everything in the real estate business. How’s the real estate investment market for Scottsdale?
There is good news if you are thinking of selling your house. Property sales are up 45 percent compared to the same month in 2009. Another piece of good news for sellers is that prices for homes under $250,000 are on the rise. What if you are selling your high-end real estate in Scottsdale? Homes costing $500,000 and up still show a downward outlook in today’s market. Not great news for sellers, but great news for buyers.
Scottsdale is currently a buyer’s dream market, as the area has some of the lowest property prices seen in years. Rates are at an all-time low, which means the supply of homes is rising and prices are sinking. Scottsdale homes for sale are truly plentiful for buyers right now. This means there are more housing options within your price range. More options are never a bad thing, except, of course, for the undecided. All of this is good news for investors as the cost of ownership is down and great opportunities are presenting themselves throughout Arizona.
In general, the Scottsdale area is experiencing a lot of activity. Although most of this activity is positive for buyers, it is mixed when it comes to property sales. Finding a good real estate agent who knows the area and the current market is a step in the right direction for buyers, investors, and sellers. Reliable agents can be found online. They offer the use of online maps and other buyer-friendly real estate tools.
Some have called Scottsdale the “most deliverable city.” With all of the city’s fabulous restaurants, shops, and recreation, it’s no wonder it got that title! Its sections, from downtown to the affluent north, all have prime real estate for sale. The area is full of opportunities. Come grab your own slice of the American dream pie by finding your dream home among Scottsdale, AZ real estate for sale.