You may be hearing that across the nation, real estate is heading in a downward direction. There is definitely fear in the air surrounding buying and selling homes. But we have good news! The good news is that it’s not all bad news, especially for Scottsdale and Paradise Valley. The November Cromford Report shows promising numbers for these areas, with a strong market and steady gains.
Demand is Strong
In Scottsdale and Paradise Valley, demand remains much higher than supply. As a whole, Maricopa County does show a drop; however, the drop would look even more drastic if the luxury markets were not balancing out the average. Luxury markets, such as Scottsdale and Paradise Valley, still favor sellers as the demand is exceeding the current supply. Active listings have increased since last year, but the increase is not enough to overtake the demand in these areas. Wealthy buyers are aware of Scottsdale and Paradise Valley’s beautiful home sites and world-class attractions, and the high season is upon us. We are not seeing the frenzy we had last year, but sales prices are still on the rise, and days on market have only slightly increased. The data confirms what we have been telling clients all along: Hot Markets will remain strong, and the Scottsdale/ PV area is a gem!
Scottsdale and Paradise Valley
Wealthy buyers are trying to move here, and it’s not hard to see why. The weather is unbeatable. Fresh air, sunshine, gorgeous views, and no lack of activities to fill your calendar. You can hike, bike, or indulge in a picturesque stroll. We love seeing our golf courses filled and resorts buzzing with lots of winter visitors. The restaurants are overflowing with families and friends enjoying the season. All the memories and joy with the backdrop of Camelback Mountain and the festive streets of Old Town. There is no question as to why our area is so desirable and maintains its value.
We’re Here to Help
With expert guidance, it’s still a good time to buy or sell. Both buyers and sellers have a great shot at success in this market. Sellers will need a real estate advisor who understands pricing and negotiation to maximize their potential. It helps tremendously if the advisor can market regionally, nationally, and internationally as well. Buyers benefit from an advisor who is well-connected and in tune with the market, especially those who can identify well-priced homes, sometimes before they hit the market.
The Bruske Team is qualified to handle all these tasks and more. As members of Engel and Volkers, we have resources far beyond what other real estate teams can do. Our local expertise, coupled with our vast reaching, global network, and luxury experience, make us the perfect team to find your next dream home, even in today’s market. Get in touch today so we can begin working on a strategy unique to your needs.