Scottsdale Real Estate Trends, Community News and Events

May 1, 2018

New Home Inventory Ramping Up in the Valley

“The way to make housing more affordable is to build more homes, particularly smaller-sized entry level homes and condominiums.” – Lawrence Yun, National Assn. of REALTORS® Chief Economist

Nod your head if you’ve seen stories and statistics like this…


Inventory is Low: Half are Higher-end Homes


  • In February 2018,® reported 43.8 percent of properties listed were at $250K or below, compared to 75 percent in May 2012.


Construction Labor vs Aspiring Home Buyers


  • National Association of Home Builders projects 900,000 single-family houses will be built in 2018, that’s 300,000 less than needed to keep up with demand.

It may sound daunting, even if you have listings or lookers in the high-end market, but new homes are coming!

Just look at these promising headlines for Arizona…


Cities in the West Continue to Lead Housing Momentum1


Developer Investing $340M in Four Residential Projects Across Phoenix2

Fulton Homes Investing $300M in New Home Construction in Southeast Valley2

Developer Investing $40M Into 464-Acre Master-Planned Community in East Mesa2

Winning Bid Millioner on (Residential) Land in Northeast Valley…$79M for 269 Acres3

Up to 10-Acre Home Sites Available Within Private Community Near Prescott4


Despite pending home sales in the West declining 1.1 percent in March, Dodge Data & Analytics reports that residential construction starts in Phoenix-Mesa-Scottsdale are up 15 percent over last year.

Consider taking a course offered by the Real Estate Buyer’s Agent Council devoted entirely to
new-home construction and buyer representation.


1 S&P Dow Jones Indices (Apr. 24, 2018)
2 Phoenix Business Journal (Mar-Apr 2018) subscription required
3 Business Real Estate Weekly of Arizona (Apr. 27, 2018)
4 PrescotteNews (Mar. 29, 2018)

Posted in Real Estate News
Feb. 20, 2018

Should I Buy Now or Wait a Year?

Scottsdale Real Estate

Some Highlights:

  • The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.1% by 2019.
  • CoreLogic predicts home prices to appreciate by 4.3% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!



Posted in Buying a Home
Oct. 30, 2017

Buying a Home Can Be Scary... Unless You Know the Facts

Scottsdale Real Estate


Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home, which stops many of them from even trying! Here are some facts:

  • 40% of millennials who purchased homes this year have put down less than 10%.
  • 76.4% of loan applications were approved last month.
  • The average credit score of approved loans was 724 in September.
Posted in Buying a Home
Oct. 3, 2017

Are You Interested in a Scottsdale Luxury Condo?

Scottsdale Luxury Condo


Items That Should Be in A Luxury Condo Buyer's Checklist

Buying a luxury condo in Scottsdale may be at a much higher level than, say, shopping for groceries from the neighborhood store.  But just like the much more grounded task, luxury condo shopping could use reminders in the form of a checklist. After all, buying a luxury condo involves a serious amount of money, and no prospective buyer would ever want to forget something important. So here are some items that should be on your checklist when buying a Scottsdale luxury condo.

The location

Location is always key whether you’re purchasing a luxury condo as a business investment or as a place to call home. If you want to live in that luxury condo you’re planning to buy, make sure that the location best fits your lifestyle. 

The design

The design of a luxury condo should be up to your tastes. Design, after all, plays a crucial role not only in the appearance of a building but its function as well. And when a building has remarkable architecture, you can rest easy that the value of your investment is secure.

The amenities

No luxury condo buying checklist would ever be complete without a box for “amenities.” In the world of luxury condos, swimming pools and fitness centers are already considered basic. It’s just a matter of how luxurious those amenities are that would make you tick off that box. So the gym must be clean and well-equipped, with more machines and space than your average fitness center. Swimming pools, for their part, are expected to be more elaborate and posh, with Jacuzzi and waterfalls, and in some cases, panoramic views.

The reputation of the building in the luxury condo community

Before buying a Scottsdale luxury condo, you need to do your research to find out if the building has a solid reputation within the community. Signs that a luxury condo is reputable include a professional condo management, rules and regulations in place to support residents’ quality of life expectations, and a board of directors that is actively involved in its operations.

The financial health of the luxury condo complex

The homeowners’ association (HOA) of a luxury condo complex collects monthly fees from its residents for the upkeep of the building, among other things. Aside from the monthly fees, HOAs are also expected to have a sizable reserve fund. These are finances that you have every right to be aware of, especially if you’re going to live in the building. So before signing on the dotted line, request a copy of the bank records, service records, and the HOA meeting minutes of the complex.

These are just some of the most important items that should be on your checklist. If there are other things that you think should be on it, don’t hesitate to put them there. So when you finally check every single box in your checklist, you will be 100% sure that the luxury condo you’re eyeing is the right one for you.

Author Bio
Victoria Hemmington is the content writer at
The Landmark at Kierland, a luxury condo community in Scottsdale. When not writing, she enjoys gourmet cooking and traveling to unusual places.



Posted in Buying a Home
Sept. 18, 2017

Helping Your Pets Cope with Moving Day

Dog, Window, Truck, Semi, Pet, Animal

Smooth move: Helping your dog cope with moving day

Helping Your Pets Cope  

 Let’s face it – moving is stressful no matter how hard you try to iron out all the details. There’s always something to worry about. If you’re a dog owner, imagine how keyed-up your furry friend will be amid all that activity on moving day. Bear in mind that dogs are highly intuitive animals. They can sense when change is coming, and moving into a new home is one heavy dose of change. You can do your dog (and yourself) a huge favor by preparing carefully and making sure that moving day goes smoothly.

The more you can keep things calm and orderly, the more comfortable your dog will be, giving you one less thing to worry about. Whether you’re moving cross country or just across town, there are several steps you can take to make sure your pooch is at ease and safe from harm. 

In sight & within reach


Many people think boarding is a great way to keep their dog content on the big day. This gives you peace mind when the movers are there and keeps your dog from getting underfoot. But some dogs are sensitive to change, so sending yours away for the day (or days) could add to their anxiety. If that is the case, then keeping your dog at home might be a better option. If you’re using a moving company, be sure to take steps to keep your dog out of the way, but make sure the movers know your pet will be hanging around. Find out if your moving company has rules concerning animals and take steps to accommodate them as much as possible.

Physical contact is always a great way to comfort your dog. Consider assigning a family member to stay with your dog, someone who’s happy to do lots of petting, chin scratching and belly rubbing when people are coming and going and doors are slamming. Dogs enjoy physical contact as much as humans, particularly when they need reassurance. “Dogs are social animals, and they produce oxytocin (also called the “love hormone”) when touched,” according to Amy Cook, a dog trainer and behavior consultant.

Familiar smells, favorite toys


Dogs also find comfort in familiar objects, as do humans. Wait until the truck is all packed before carrying away those well-worn chew toys, and keep at least one or two nearby throughout the day. Place them so that they’re the first things your dog sees and smells when entering your new home. This is a good way to relieve canine stress.

Moving day is one occasion when your dog may want a little time alone, in a space he or she can retreat to when it all gets to be too much. Set aside a room or a portion of the kitchen for a water dish, food, and a sleeping spot, some kind of refuge while the rest of the house is packed up and carried off. It’s especially important to do likewise in your new home to take the edge off all the new smells and surroundings.

 Prepare for the worst

Animals are usually highly adaptable and resilient. Unfortunately, like humans, dogs may react unpredictably to stressful and unusual situations. Have the number of a nearby veterinarian or animal facility close by in case your dog gets injured or decides to run away. Check to make sure registrations, shots and identifying tags are all up to date. And don’t underestimate the simple things. When it comes to moving, you’d be surprised how helpful it can be to have items like a phone charger, an extra key, and a little cash readily available.

Relocation, whether local or long distance, means starting a new life in a new environment. You can go a long way toward relieving the pressure of the situation by planning, both for your dog’s comfort and your own peace of mind.

Written by Cindy Aldridge

Photo by Pixaba





Posted in Buying a Home
Aug. 24, 2017

Motivated Scottsdale Buyer for Right NOW!

Motivated Scottsdale Buyer


Motivated Buyer for This Weekend!


Vetted buyers coming in town this weekend ready to buy and have looked at everything in the MLS and are now looking for pocket listings or coming soon only. 

Here is the criteria:

- up to $800,000- North Scottsdale 

- no farther north than Dynamite

- min. 3 bed plus den or 4 bed

- amazing backyard with pool - 3 car garage


If you are ready to sell or know someone ready to sell their north Scottsdale Estate and would like to discuss your options please call or text Tony Mastricola of HomeSmart Elite Group at 602.750.6195.

Aug. 14, 2017

Paradise Valley Home Buyer ISO....Your House?

Paradise Valley Real Estate


Are you Ready to Sell your Paradise Valley Estate?

Motivated buyer has exhausted MLS, Buyer is ready, 7500 sq ft or more, 2007 or newer. No west back yard or North of Doubletree and willing to spend up to 5 million.


If you are ready to sell or know someone ready to sell their Paradise Valley Estate and would like to discuss your options please call or text Tony Mastricola of HomeSmart Elite Group at 602.750.6195

Aug. 14, 2017

Housing Inventory Hits 30-Year Low

Scottsdale Real Estate


Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs.

New data from CoreLogic shows that even though buyers came out in force, as predicted, homeowners did not make the jump to list their home in the second quarter of this year. Frank Nothaft, Chief Economist for CoreLogic had this to say,

“The growth in sales is slowing down, and this is not due to lack of affordability, but rather a lack of inventory. As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years.”

CoreLogic’s President & CEO, Frank Martell added,

“Home prices are marching ever higher, up almost 50 percent since the trough in March 2011.

While low mortgage rates are keeping the market affordable from a monthly payment perspective, affordability will likely become a much bigger challenge in the years ahead until the industry resolves the housing supply challenge.”

Overall inventory across the United States is down for the 25th consecutive month according to the latest report from the National Association of Realtors and now stands at a 4.3-month supply.

Real estate is local.

Market conditions in the starter and trade-up home markets are in line with the median US figures, but conditions in the luxury and premium markets are following an opposite path. Premium homes are staying on the market longer with ample inventory to suggest a buyer’s market.

Bottom Line

Buyers are out in force, and there has never been a better time to move-up to a premium or luxury Scottsdale home. If you are considering selling your starter or trade-up Scottsdale home and moving up this year, let’s get together to discuss the exact conditions in our area.

Posted in Real Estate News
Aug. 14, 2017

Scottsdale Buyers Looking for....

Scottsdale Real Estate Buyers


Are you Ready to Sell your Scottsdale Estate?

Here's what they are looking for:

Single level, 3 bedrooms plus den, 4 bathrooms minimum, ideally ensuite   Must have gas cook top, good quality appliances and nice size kitchen with casual dining. Must have formal dining room with little to no living room, only great room. No septic, must be on public sewer. Must have wet bar. Master bathroom must have more than one shower head. Would like central vac and baseboards in home.  Minimum of 3 car garage with additional storage, 30,000 sq. ft. lot or greater.

 The home must be in turn-key condition!  List price not to exceed $1.350,000. In Scottsdale, preferably east side of Scottsdale Road only.


If you are ready to sell or know someone ready to sell their Scottsdale Waterfront Estate and would like to discuss your options please call or text Tony Mastricola of HomeSmart Elite Group at 602.750.6195.

Aug. 8, 2017

Buyer Demand Continues Outpacing the Supply of Homes for Sale

Scottsdale Real Estate


The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS(NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between Seller Traffic (supply) and Buyer Traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”

Buyer Traffic | MyKCM

The darker the blue, the stronger the demand for homes in that area. Only three states had a ‘stable’ demand level.

Seller Supply

The index also asked: “How would you rate seller traffic in your area?”

As you can see from the map below, 21 states report a ‘weak’ sellers traffic, 25 states report a ‘stable’ sellers traffic, only 4 states and DC report a ‘strong’ sellers traffic. Meaning there are far fewer homes on the market than what is needed to satisfy the buyers who are out looking for their dream homes.

Seller Traffic | MyKCM

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet the buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in the market now!

Posted in Real Estate News