Scottsdale Market Trends
Maricopa County Market Trends
This is the current data for home prices, inventory and market activity for the greater Phoenix area, including Scottsdale. The Scottsdale real estate market has been on an upturn since the end of 2011, when home prices were astonishingly low. The median sales price for homes in Maricopa County is up 6.3 percent from last year, and the average sales price is up 7.2 percent.
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
Arizona’s economy, growth, jobs expected to outpace U.S. averages
By AZBigMedia.com, February 27, 2019
With continued low unemployment rates, sustained population growth and surges in key industries, Arizona’s economy continues its positive trajectory. These were the findings presented last week by prominent economist Dr. Christopher Thornberg of Beacon Economics at the Alliance Bank of Arizona 2019 Economic Forum.
Steady growth was seen across all areas of Arizona, as every major metropolitan area in the state experienced solid job growth and consistently low unemployment rates. Looking from the second quarter of 2017 to the second quarter in 2018, Arizona’s economy grew 6.8 percent compared to 5.4 percent nationwide. Employment increased by 93,900 workers, a 3.3 percent increase from Dec. 2017 to Dec. 2018, while population growth was at 2.2 percent, which was significantly higher than the 0.4 percent experienced nationwide. Similarly, during the same period, the state’s unemployment rate sits at 4.8 percent, which is higher than the 3.9 percent national rate.
Home Builders: Confidence in Baby Boomer home sales strengthens
By Alcynna Lloyd, HousingWire, January 31, 2019
Builder confidence in the housing market for those aged 55 years and older strengthened in the fourth quarter of 2018, according to National Association of Home Builders.
The organization’s latest Housing Market Index revealed sales of single-family homes of those aged 55+ increased six points to 66 in Q4.
Scottsdale named No. 1 city for jobs in U.S.
BUSINESS NEWS – AZ BUSINESS MAGAZINE, January 21, 2019
The City of Scottsdale has been named by WalletHub as the best city in the U.S. to find a job. The 2019 study cites 30 key indicators in ranking cities across the country where job seekers will have the greatest success in securing employment.
“Earning a top ranking out of 182 other outstanding communities demonstrates the strong commitment the City of Scottsdale continues to make in growing a diverse and robust business community,” says Acting Economic Development Director Rob Millar.
Articles on the Scottsdale and Phoenix Real Estate Market
The best markets for real estate investing in Arizona
By JAMIE LANSLEY – AZ BUSINESS MAGAZINE, December 10, 2018
Real estate investing is one of the best ways to diversify a portfolio and make a little side cash. It’s one of the most stable markets there is, and you can leverage others’ money to make it happen.
According to CNN Business, 2019 may be a good time to invest in rental property, thanks to the reduction of home sales and increase in rentals.