Scottsdale Housing Prices Increase 30% in Past Year

 

Grayhawk has always been one of the most sought after golf communities in North Scottsdale. The competition for home buyers continues to grow as the Phoenix housing supply problem worsens. According to a report released by Arizona State University, Phoenix area home prices rose nearly 30% in the past year. The surge in prices continues to be driven by a lack of homeowners willing to sell.

There are a little under 12,000 active single-family homes listed on Arizona’s Multiple Listing Service.  There are fewer homes for sale this year, than last year. The shortage of listings has occurred because many people are locked into their homes due to negative equity, or they have simply chosen to hold out on selling until prices rise higher.

The lack of inventory is helping push prices up as competition heats up for the homes currently on the market. With prices steadily rising, now is the time to buy in Grayhawk. Grayhawk is an upscale golf community located in North Scottsdale. It’s home to two of Arizona’s top public golf courses: the Raptor and the Talon. Home owners in Grayhawk enjoy the world-class amenities, outdoor activities and picturesque community, year-round.

I’d like to invite you to view our listings of Grayhawk homes for sale.  If you’re interested in scheduling a visit to one of these properties, please contact me. I am an experienced Realtor specializing in the upscale golf communities of North Scottsdale. I look forward to helping you and your family find the perfect home. I can be reached by calling (602) 791-0536 or emailing Carmen@TopScottsdaleHomes.com.

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
Cell (602) 791-0536
Carmen@TopScottsdaleHomes.com
www.GrayhawkRealEstate.com