Real Estate News

Aug. 18, 2016

Many Golf Course Communities on the Way Out

I sell a lot of homes in McCormick Ranch. Many nestle up against the golf course. Luckily, those who own McCormick Ranch homes don’t need to worry about the golf course closing up. But other neighborhoods aren’t so fortunate. Since 2006, more than 800 golf courses have closed across the …

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Posted in Real Estate News
Aug. 16, 2016

Buyers are Paying a Premium for Head Space!

The luxury-condo market is getting more competitive with developers trying to rise above the competition by adding an extra few inches to the ceiling. The standard 8-foot-high ceiling is on the way out with developers bragging about ceilings that are 11, 12, and even 20 feet high. I’m sure it’s …

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Posted in Real Estate News
Aug. 5, 2016

Now’s the Time to Sell

Thinking of selling your McCormick Ranch home? A new survey by Redfin shows 52-percent of homeowners say now is a good time to sell. Last year, that number was only 34-percent. Even though it has been a buyers market, 58-percent think sellers have more power than buyers in the current …

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Posted in Real Estate News
Aug. 2, 2016

Year-Over-Year Comparisons for First 6 Months

The Cromford Daily Observation report is out comparing the first half of 2015 to the first 6 months of this year. The trends are based on all recorded deeds in Maricopa and Pinal counties for single family and condo/townhomes.  

 

The Cromford Daily Observation finds sales are down …

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Posted in Real Estate News
July 27, 2016

Phoenix Housing Market Looking Up

Some good news for the housing market in metro Phoenix. The valley saw the best growth in a decade in April. Not only were foreclosures down, more people are buying new homes, finding the affordable prices quite attractive. At Sotheby’s Phoenix, I’m witnessing firsthand the surge in the valley’s housing …

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Posted in Real Estate News
July 21, 2016

Millennials Moving to the Suburbs Still Want City Feel

Many millennials, as you’ve probably heard, are moving to the suburbs. Not because they don’t like city life, but because it’s cheaper living away from the city. But millennials want suburban living to resemble city life in some ways. As a Russ Lyon Sotheby’s agent, I find the parts of …

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Posted in Real Estate News
July 19, 2016

The Latest Trends in North Scottsdale Home Values

The U.S. Census Bureau says the average American moves about a dozen times over their lifetime. And from the latest trends from Street Scout data, it looks like a lot of North Scottsdale homes are either up for sale or will be soon. Here is some information on the …

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Posted in Real Estate News
July 9, 2016

Foreign Buyers Looking for Cheap Homes

The U.S. real estate market is hot when it comes to foreign buyers.  But not all are looking at luxury properties. Many international buyers, according to cnbc.com, are looking for less-pricey properties. Why? Possibly due to overall higher home prices and a strong U.S. dollar. There …

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Posted in Real Estate News
July 2, 2016

Getting the Best Mortgage Rate

Mortgage rates around the country are near historic lows.  And that means it’s still a good time to buy a home, whether in McCormick Ranch, or any other community.  The main reason rates are so low partly has to do with Britain leaving the European Union and many …

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Posted in Real Estate News
June 30, 2016

Don’t Blame All Housing Woes on Lack of Inventory

In the Terravita neighborhood in Scottsdale, there are more than two dozen homes up for sale.  While that may seem like a lot for one community, overall, buyers are complaining across the country that there weren’t enough homes on the market in the spring to choose from.  cnbc …

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Posted in Real Estate News