Scottsdale Real Estate & Community News

Scottsdale real estate is always at the top of mind for The Kay-Grant Group as we assist a lot of individuals every month interested in finding or selling their next piece of Arizona real estate; whether that's looking for Old Town Scottsdale condos for sale, a downtown Phoenix loft for sale, or selling their house in northern Phoenix. The Kay-Grant Group are your premier Scottsdale Realtors.

This blog focuses on topics relevant to the Scottsdale and Phoenix metro real estate community as well as to those residing in The Valley that are interested in things to do around The Valley or the general going-ons in Phoenix and Scottsdale.

Need a Good Real Estate Agent?

If you're interested in purchasing a home and would like to work with premier Scottsdale Realtors, please Contact Us and we can get you setup on a custom search. If you have any interest in selling your home, or just want to know what it's worth, Contact Us and we'll perform a market valuation to let you know what we believe your house, condo, or townhouse could sell for.

Nov. 7, 2019

UNDER CONTRACT: 4-Bedroom Home in North Scottsdale

Four Bedroom North Scottsdale Home SOLD

Check Out This Gorgeous 4-Bedroom Home Now Under Contract!

Four-bedroom homes are in high demand in Scottsdale and the Greater Phoenix area, and when our client found this North Scottsdale home, they were beyond excited to make an offer. This beautifully remodeled home was only on the market for less than two weeks when the offer was accepted, which shows just how high the demand for single family homes really is.

Once the keys are in our clients' hands, they will enjoy an amazing backyard perfect for entertainment: a refreshing pool, bbq, a fire pit, and a large grassy area. Other great features include stainless steel appliances, granite countertops, and convenient access to the popular Kierland shopping center!

North Scottsdale Home Under Contract Kitchen

Interested in Buying a Home in North Scottsdale?

As Scottsdale Real Estate Experts, we help clients find their dream home, and can even help them find homes that have not hit the market yet. If you would like information about how our services can help you find that perfect home or condo in the Greater Scottsdale area, give us a call at 480-387-3990 or fill our Contact Form for more details.

Nov. 7, 2019

JUST SOLD: Beautiful Home in South Scottdsale

Just Sold South Scottsdale Home

We Helped Our Client Buy This Beautifully-Renovated 4-Bedroom Home in South Scottsdale

Over the last few years, demand for homes in the 85257 zip code has skyrocketed, and when they found this incredible four-bedroom home in South Scottsdale, they instantly fell in love! The home went from listed to closed in just 28 days, which illustrates the incredible demand for real estate in the Scottsdale area. The new owners of this home will now have easy access to the Loop 202, Papago Park, and all of the fun and excitement of Old Town Scottsdale.

Want to Buy or Sell a Home in South Scottsdale?

We love helping families buy or sell real estate in Scottsdale, Arizona, and we are ready to put our expertise to work for you! If you would like more information about how our services can help you buy or sell a home in the Greater Scottsdale area, please call us at 480-387-3990 or fill out our Contact Form.

Nov. 6, 2019

JUST SOLD: Investment Condo in Scottsdale Springs

Scottsdale Springs Condos for Sale

We Helped Our Client Get A FULL CASH OFFER in Just 5 Days!

Old Town Scottsdale is a popular place for investment properties, but even we were amazed at the incredible speed of this real estate transaction. This beautiful 2-Bedroom condo in the amazing community of Scottsdale Springs was only on the market for FIVE DAYS before an interested buyer offered the full asking price in cash. Condos in this community always sell quickly, and with no inventory on the market, now is a great time to sell a Scottsdale Springs condo and receive MAXIMUM VALUE. Additionally, this tenant-occupied condo will produce instant cash flow for its new owner, and adds tremendous value to their real estate portfolio.

Ready to Sell Your Old Town Scottsdale Condo?

If you have been contemplating putting your condo or townhome on the market, we want to help you find the perfect buyer. Learn more about our services by calling 480-387-3990 or fill out our Contact Form. We have used our expertise to help buyers in the Greater Phoenix area, and we are ready to help you too!

Nov. 5, 2019

JUST SOLD: Investment Condo in Old Town's Sunrise Community!

Just Sold Investment Condo Old Town

This Beautiful Ground Floor Condo SOLD with Tenant Occupancy!

Selling real estate that is tenant-occupied can be a stressful process for all parties involved. However, our client is completely satisfied, and their tenant is too! The new owner of this beautiful 1-Bedroom condo now enjoys the benefits of instant cash flow from an already-established tenant, and the tenant doesn't have to worry about the hassle of an immediate move. 

Old Town Scottsdale's golf course condos are always in high demand, and the Sunrise/Sunscape Villas community is no exception. In fact, the inventory of condos for sale at Sunrise is beginning to shrink, which means this is a great time to sell!

Interested in Buying or Selling a Sunrise Condo?

We have helped several clients buy and sell condos in this popular community, and we want to put our expertise to work for you! For more information, please call us at 480-387-3990 or fill out our Contact Form, and we will provide you with anything you need!

Nov. 1, 2019

September 2019 STAT Report

Join Ian with The Kay-Grant Group as he updates you on the real estate market in  Arizona and discusses different city market trends.

 

Video Transcript


Hi everyone. This is Ian with the Kay-Grant Group. Today we're going to be covering the September STAT update. And what that is is a snapshot of what the available residential inventory is within the Valley. So we're going to be going over what is the available inventory, changes year over year, what is the projected sales price to be and so on and so forth. We're also going to be looking at snapshots of what your price per square foot is going to be in different cities, depending on what you want to do and you know what you could actually get for your dollar. So why don't we go ahead and get on into it.

So let's go ahead and start with the total inventory that's available in the Valley. Month over month, we've seen a little bit of an increase, about 1.7% coming back onto the market.

But the biggest thing to note is that year over year, we're looking at almost a 12% decrease. So if you're looking for a home right now, your options are going to be a lot fewer.

So leading into monthly sales, we're looking at a drop of about 10% month over month, which you would kind of expect here just because of the lack of inventory. However, if you are looking at year over year, that's also a nearly 14% increase.

Now couple that with the fact that new inventory is also down by a 6.5% month over month. However, year over year the difference is pretty negligible. It just is telling us that new inventory is getting snatched up very, very quickly.

So we've also seen a pretty significant dip for the average days that a home remains on the market before it's being bought up. It's about four days less on average. So if you couple that with a huge drop in inventory, not a whole lot of new inventory coming onto the market and a pretty strong increase in sales for year over year. That leads into the average sales price going up. And in this case it increased year over year by 5.1% and the median increased by 7.7%. So this is just showcasing that, you know, the price of property is marching on in a pretty northward trend. Now we're going to actually be going through several different cities and discussing, you know, what their price per square footage is and then just of, you know, help identify what are the benefits and negatives potentially in those areas. And you'll see pretty much everybody's on northward trend.

So why don't we go ahead and get started with the obvious one, Phoenix. Now the data that we're going to be looking at here is over the last three years, what the price per square foot has been and how it's been increasing. Now Phoenix has a very diverse, you know, level of living. You can, you know, be a little bit on the less expensive side. There are neighborhoods for that. Then you also have very high end living. And as you can see over the last few years, we've had a pretty steady increase year over year. But we're still kind of in the reasonable range depending on what neighborhood you're going to be in. Right now we're capped out at right about $184 per square foot.

So let's go ahead and move on to the next most popular city in the Valley. That's going to be Scottsdale. Scottsdale's is going to have the highest average price per square foot. However, what's pretty unique about this, when you look at it over the course of three years, it looks like Q3 is very predictable price drop. If you were looking to buy a home, that would be the best time. Now since we're, you know, it looks like we're on a predictable up curve, this would actually potentially be a good time to sell your home. Now Scottsdale, because it is the highest average price per square foot because you have North Scottsdale, which is a little bit higher end and also you have old town Scottsdale where a lot of people want to be in the price per square foot goes up pretty exponentially in those areas.

Then onto Tempe. We've seen a pretty strong increase down there because they are allowing high rises to be built, so you're having a lot of high end condos that are also driving up the surrounding price per square foot in the single family residence areas, so it's kind of a hot hot property right now. We're not quite sure where it's going, but if you want to get in there, you may want to just kind of watch where this is going to go.

Now let's go ahead and move on to Chandler. Now Chandler is known for being a family oriented area. You're going to have a lot and you also get a lot of bang for your buck down there. You get a lot of square footage for not a lot, however it is trending up just like everything else that we're seeing right now. There is a little bit more of a lower income district, but it doesn't take up a lot of the area.

However, we can go ahead and move on to its neighbor, Gilbert. Now the price per square foot is almost on par with Chandler, just a little bit less, but you're dollar really buys a lot of square footage in Gilbert and there's a lot of nice communities. A little bit of the lower income area is on the Northern end of Gilbert, but anything South of there is really, you can buy a lot of nice neighborhoods, a lot of nice homes. The only downside is is that if you want to be a little bit closer to the action, say like an old town Scottsdale or downtown Phoenix, it is quite a drive. You're looking at, you know, 30 minute drive minimum.

And the last city that we're going to talk about is Mesa and Mesa is kind of a mixed bag. If you go to the older district, there are some historic areas there, but it tends to be a little bit of the lower income side if, I mean if you're looking a little bit more of a deal for price per square foot, the farther east that you go in Mesa, the neighborhoods cost a little bit more and really good up and coming neighborhoods are actually across North Mesa and you can find pretty good deal, pretty nice homes up in that area and you're fairly close to Old Town, which is like a 15 minute drive. And then if you want to go to Tempe, that's maybe 10 15 minutes at the most as well.

All right. And that's it. If you have any questions or if you want a home valuation or if you're interested in touring any of the properties that we have right now or looking to sell your home, go ahead and just give us a call at (480) 387-3990 or you can go to our website to see any available inventory or you can contact us through there. Thank you very much.

Oct. 28, 2019

JUST SOLD: 4-Bedroom Home in Park Scottsdale

Four Bedroom Park Scottsdale Home Sold

This Beautiful 4-Bedroom Home Had An Offer BEFORE It Hit the Market!

Not every home that is for sale makes it to the Multiple Listing Service, and this home sale is a prime example of this type of real estate transaction. This Park Scottsdale home features 4-Bedrooms, which is the type of home that is in incredibly high demand, and an offer was received and accepted before the home was on the market! We love helping our clients find great value in homes, and our expert knowledge of off-market properties can help you find homes in the Greater Phoenix area that are not quite on the market yet!

If you are interested in buying a home or condo in Scottsdale, allow us to put our expertise to work for you! Give us a call at 480-387-3990 or fill out our Contact Form for more information and to ensure that deals like this don't get away from you.

Oct. 24, 2019

JUST SOLD! Sunrise Condo in Old Town Scottsdale

One Bedroom Condo in Sunrise Community

This Beautiful 1-Bedroom Condo in Old Town Scottsdale Is Officially SOLD!

There's no better feeling for a real estate agent than seeing the look in our clients' eyes when they finally receive their keys! The new owners of this spacious 1-bed/1-bath ground floor condo will enjoy a variety of great amenities and easy access to the Loop 101 and the fun and excitement of Old Town Scottsdale. Condos in the Sunrise/Sunscape Villas community don't last on the market for long, and if you own a condo in this community, or in any neighborhood in Scottsdale, this is a fantastic opportunity to SELL!

We love helping our clients buy and sell real estate in Scottsdale, as well as the entire Phoenix area. If you would like more information about our top-notch real estate services, give us a call at 480-387-3990 or fill out our Contact Form.

Oct. 15, 2019

JUST SOLD: Two-Bedroom Optima Camelview Village Condo

We Helped Our Clients/Neighbors Buy This Amazing Two-Bedroom Condo!

Regardless of what new innovations appear in the real estate market, this is still a people-based business. A couple of our neighbors in Optima Camelview had grown tired of renting, and wanted to buy a condo of their very own in this magnificent luxury community.

Not only were we able to find them this incredible luxury floorplan, we managed to negotiate an accepted offer that was $40,000 below the original listing price! We love helping the people in our community turn their dreams of owning their home a reality, and we couldn't be happier for our neighbors!

Just Sold Optima Camelview

Ready to Buy A Condo or Home for Sale in Scottsdale?

Every day, we put our extensive real estate experience to work for clients and helping them with every step of the transaction. If you are interested in buying real estate in Scottsdale, or anywhere in the Greater Phoenix area, we are here to help you! Give us a call at 480-387-3990 or fill out our Contact Form for more information.

Oct. 15, 2019

UNDER CONTRACT: 4-Bedroom Home in Park Scottsdale

Park Scottsdale Home Under Contract

Check Out Our Latest Listing That Went UNDER CONTRACT Before Hitting the Market!

Four-bedroom homes in Scottsdale are one of the highest-demanded real estate needs in the Valley, and this 4-bedroom home in Old Town Scottsdale is proof. This two-level home had an amazing offer before the home was placed on the market! The home is located in Park Scottsdale, one of Old Town's most popular subdivisions. Aside from having no HOA or associated fees, the community is close to beautiful public parks, golf courses, shopping centers, and the Loop 101.

Ready to Sell Your Home in Scottsdale, AZ?

We have helped numerous clients earn maximum value for their Scottsdale home, and we are confident we can help you too. If you are interested in learning more about selling your Scottsdale, AZ home, please call us at 480-387-3990 or fill out our Contact Form. We would love to answer any questions you may have!

Oct. 11, 2019

McCormick Ranch Market Update Q4 2019

Inventory Shortage Leads to 27% Jump in Price Per Square Foot in McCormick Ranch!

Yes indeed we are in a sellers market in McCormick Ranch. With such a shortage of inventory in McCormick Ranch area the average price per square foot has jumped from $250.88 to $318.86 from Q3 to Q4 for single family dwellings. Until more inventory comes onto the market we would expect this average to remain high and is ideal for anyone looking to sell their home. See the video below for all the details and also a showcase of the only three active properties available as of the date of this article's publishing.

 

Interested in selling your home? Give us a call at 480-387-3990 or fill out our contact form.