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.

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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.

Aug. 4, 2016

Old Town Scottsdale Market Update - 85251

Review the Old Town Scottsdale Real Estate Market (identified as the 85251 real estate sales)

In this video, we'll review the 85251 real estate market including homes that sold in the first half of 2016 as well as homes and condos for sale in the 85251 zip code.  The 85251 is the zip code of Old Town Scottsdale.

 

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Aug. 1, 2016

Optima Camelview Condo - New On Market 2 Bed 2 Bath

Beautiful & Well Priced 2 Bed, 2 Bath Optima Camelview Condo

Tour this great condo at the Optima Camelview Condos in Old Town Scottsdale with Scottsdale Realtor Andrea Lilienfeld, your Scottsdale real estate expert.

 

 

Don't feel like watching the video?  Here's what Realtor Andrea Lilienfeld has to say about this Optima condo:

Hi, I'm Andrea Lilienfeld with the Kay-Grant Group, and today we're back at the Optima Camelview, where we're going to tour one of our featured two bedroom, two bathroom units. As you can see behind me here, this kitchen as been fully updated to include new cabinetry, custom granite counter tops, stainless steel appliances, including a gas cook top range, and the entire condo is equipped with reverse osmosis. The upgrades we saw in the kitchen continue throughout this condo, as you're going to notice that all of the common areas have travertine flooring installed. There's been new ceiling fans installed, as well as the fact that the great room is equipped with surround sound speakers.

This condo features one of the best layouts you're going to see throughout the Optima Camelview. You'll notice that the great room is actually large enough that it has an eat-in kitchen. There's plenty of space here for a large kitchen table, while still having a large area for your living room furniture. As you walk directly back to the back of the condo, what you're going to notice is that this condo is one of the few that's going to offer a great poolside view. Why don't we go take a look?

As we continue our tour throughout this featured two bedroom, two bathroom condo, I want to make sure that everyone takes special note of all the storage that comes with this unit. This unit has a separate storage unit down in the gated garage, as well as you're going to notice it has extra closets compared to many other units throughout the community, and all the closets have been upgraded with built-in shelving. Here you're seeing a close up of the linen closet, which is directly across the hallway from the laundry room. This laundry room is going to feature an oversized washer and dryer, as well as built in shelves for you to keep you different laundry and cleaning supplies.

Here, you're going to see the master bedroom, which is very oversized. There's plenty of room for up to a king sized bed, with dressers, and even a seating area by the window if you would like. The master bedroom is going to be connected to both a walk-in closet with built-in shelves, as well as a full-size connected bathroom. The travertine flooring that we saw out in the main common area has been carried into the master bathroom, where you'll see both the floors and walls are completely covered with travertine. The master bathroom also features a dual vanity and large tiled shower with the glass surrounds.

Moving on from the master bedroom, let's go take a look at the second bedroom. When viewing the second bedroom, you're going to notice that the floor to ceiling windows are also in this room, and that the room is large enough for a queen size bed with dresser. The owners of this unit have also carried the built out closets into this room, where you're going to see both shelving space and hanging space in this closet. Directly across the hallway from the second bedroom you'll find the second bathroom, which also features travertine floors and wall, as well as a tile shower with again, the glass dooring.

Now that we've toured our featured two bedroom, two bathroom unit, here in the Optima Camelview condos, let's take a moment to go view the overall Optima Camelview amenities. During this tour, you're going to see everything from two outdoor pools, an indoor pool with an indoor basketball court, racket ball court, and full size gym, the complex's on-site restaurant that offers catering to the actual condo itself in a room service type manner, as well as the dry cleaner, and the on-site putting green. If you like what you've seen today and would like to learn more, please call our text me at 480-387-3990, or send me an email at Andrea@Kay-Grant.com. Thanks and have a great day.

Contact Us to Learn More about this Old Town Scottsdale Condo

If you're interested in purchasing or selling a house or condo in Old Town Scottsdale, or anywhere in Arizona, don't hunt through sites like Zillow Scottsdale, we can provide you with a custom search setup to notify you when any properties that match your criteria are added or updated on the MLS.  You can view all Scottsdale AZ homes for sale on our site or contact us using our contact form or calling 480-387-3990.

 

July 22, 2016

Scottsdale Shadows Condos - July 2016 Market Update

Find Out What's Happening at Scottsdale Shadows

This video covers everything you need to know about the Scottsdale Shadows real estate market. These condos have significantly increased in price over the last year. They have become a big target for flippers to purchase, remodel, and sell.

Don't want to watch the video? Read about the Scottsdale Shadows real estate market below.

Hi. This is Geoff Lilienfeld with the Kay-Grant Group. We are Scottsdale Realtors specializing in Old Town condos. Today we're going to take a look at the Scottsdale Shadows condo community.

We'll start off by taking a look at the active listings. We'll notice that there are a total of seventeen condos presently for sale in Scottsdale Shadows. Fourteen of those seventeen being listed as two bedrooms, which is expected, as most condos in Scottsdale Shadows are indeed two bedrooms. We have an average price per square foot for these two bedroom condos of $148.88. Let's come down here and compare to what we've seen these condos actually sell for so far in 2016.

In the first quarter of 2016 we saw twenty-one two bedroom condos sell at an average price of about $127 per square foot. The average days on market to get there were 130 days. If we look at the second quarter of 2016, we will see that there were twelve two bedroom condos that sold at an average square foot price of $120, with an average days on market of almost eighty-seven. Scottsdale Shadows is a community that has probably the most upward trajectory of communities that we've looked at lately in Old Town Scottsdale. The price per square foot since the beginning of 2014 has been going up at a very, very steady pace. This is definitely an interesting community to keep an eye on and to see how it progresses. Based on the numbers that we just looked at for Q1 and Q2 of 2016, it's definitely fair to say that the amount of inventory on the market right now is relatively low.

If you have any questions about the Scottsdale Shadows condo market, or are interested in finding out more about Scottsdale Shadows condos that are for sale you can fill out our contact form or please give us a call at (480)-387-3990.

You can search our site for all Scottsdale condos for sale including luxury communities such as Optima Camelview Village and the Scottsdale Waterfront condos.

 

July 20, 2016

Scottsdale Waterfront Condo Market Update for July 2016

End of Second Quarter, Scottsdale Waterfront Condominiums Real Estate Market Update

Join Scottsdale Realtor Geoff Lilienfeld as he reviews the homes that sold in the Scottsdale Waterfront condos.

 

Here is a transcription of this Scottsdale Waterfront real estate market update:

Good morning, this is Geoff Lilienfeld with The Kay-Grant Group. Today we're going to take a look at the real estate market for the Scottsdale Waterfront condos in Old Town Scottsdale. Specifically since we just finished the second quarter of 2016 we're going to take a look at sales activity for the first quarter of 2016. With that being said, we didn't see any sales in May or June. In April we had two closed listings on an average price per square foot of $574.68. March, we had one closed listing at 551.87. Looks like in February we had a closed listing at 606.88, and we actually had three listings closed in January of 2016 at the Scottsdale Waterfront.

Let's go down here and take a look at the quarterly data since that gives us a little bit larger sample size. Obviously, there's not enough closed listings to get a truly accurate picture but this can paint us some level of a picture of the current market at the Waterfront. We will see that the average days on market definitely vary. In the first quarter we had 145 average days on market while the second quarter was 205, keeping in mind that those are listings that actually closed in the first quarter not those that were listed. Those reflect condos that sold after being listed for that many days, so listed in 2015 likely.

If we look by the number of beds we'll see that on an average price per square foot, again, we have limited data. This is a trend that we see in a lot of these luxury condo complexes especially in Old Town Scottsdale where the larger condos with more bedrooms actually closed at a higher price per square foot. We'll see that we had four two-bedroom condos at the Scottsdale Waterfront closed in the first quarter of 2016 with an average price of 552.63 a square foot. In that same quarter there was a three-bedroom that closed at 638.66 per square foot.

In the second quarter we only see two sales at the waterfront, but once again we do see where the two-bedroom closed is significantly higher price per square foot than the one-bedroom. The one-bedroom closing at 445 while the two-bedroom closed at almost 704. If we take a look at this price trend here we will notice that it does seem that going from January 2015 to July 2016, if we were to put a trend line on here I think that we would see this price per square foot going up over this time. Again, we have to keep in mind the small number of data points. Overall that trend does appear to exist.

We also see in general if we look at the active listings back to the discussion of the price per square foot on the larger units, the three-bedroom listings have an average price per square foot of 871. The two-bedrooms, 614, and the one-bedroom about 628. The one and two-bedrooms are fairly similar in terms of the listing price but we definitely see that the three-bedrooms much much higher.

Scottsdale Waterfront condos

I think some of the reasons for that is that a lot of times the units on the higher floors we'll see get combined or they build kind of more penthouse style of units, where the living space is also larger, maybe some higher end finishes as well. The Scottsdale Waterfront is known for its beautiful balconies and terraces, sometimes these larger units will also have much larger terraces out of the Scottsdale Waterfront.

That's our market update for July of 2016 covering the first two quarters for the Scottsdale Waterfront condos. If you're interested in learning more you can fill out our contact form or please give us a call at (480)-387-3990.

Remember to contact us to learn about the Scottsdale Waterfront or other Scottsdale condos for sale.  Andrea Lilienfeld is a top Scottsdale Realtor and eager to serve as your Scottsdale real estate agent. We can set you up on a Scottsdale real estate search which will send you information on homes for sale that match your preferences.  This data is much more up to date than Scottsdale Zillow.

If you're interested in the Scottsdale Waterfront you may also be interested in Optima Camelview condos for sale.

 

July 15, 2016

June 2016 AZ Real Estate Market Update

June 2016 Phoenix & Scottsdale June Real Estate Market Update

The latest version of STAT was released by ARMLS (the Arizona Regional MLS) today. In the below video Phoenix and Scottsdale Realtor Geoff Lilienfeld reviews STAT and describes the present condition of the Phoenix and Scottsdale real estate market.

 

 Here's the transcription of this video:

Good morning and happy Friday. This is Geoff Lilienfeld with the Kay-Grant Group. We're Phoenix and Scottsdale metro area realtors. We're going to take a quick look this morning at ARMLS's latest version of STAT. ARLMS is the Arizona Regional MLS and they put out a monthly report of the market trends for the Phoenix metro area which of course includes Phoenix and Scottsdale real estate. This report we're looking at here is the June issue of the real estate STAT report just published today, July 15th. One of the first things that's most interesting to note here or that we do see a year over year increase of 2.2% in sales which shows that there is a continued upward trend in the market.

It's also extremely interesting to note here that we see this 5.6% increase in new inventory. That means that 5.6% more listings hit the market in June of 2016 than homes being listed in June of 2015. That's of course a very significant increase. We would expect to see this additional number of total inventory also increasing 5.6% year over year since we do have those new homes hitting the market, but the fact that the total inventory and the new inventory are in line does suggest that homes are still selling it at that similar rate. That's definitely good to see. Another number I want to come down and take a look at or the new list prices. We see that the new average list price is up 4.8% year over year. With the year over year median being up 8.3%.

Now of course list price is just the price that real estate has actually listed on the market for. It doesn't actually reflect the price that homes are sold for. What we do want to do though is take a look down here at the sales price to see that that is actually up 4.3% year over year on average with the median being up 7%. That is definitely a very significant increase for the market as a whole for the Phoenix and Scottsdale metro areas. The price forecast that we see here next is forecast about the MLS which does forecast the slight decrease in July. Whether or not that happens again, that is truly just a forecast. As we can expect to see, the distressed residential properties, pretty much being foreclosures are way, way down year over year as we've continued to see since the market crashed.

That does also include short sales. The average days on market for a home to sell did drop by 2 days year over year which isn't extremely significant, but that is a couple percent drop if you will. That's really the main items to focus on for the June issue of STAT. I hope that this analysis has been helpful. If you have any questions about the market conditions or if you are interested in purchasing or selling a home in Phoenix or Scottsdale metro areas, please do give us a call. Andrea Lilienfeld is available at 480-387-3990. You can call her, text her. You can also email her. Her email is andrea@kay-grant.com. She'd love to speak with you about Phoenix and Scottsdale real estate, market trends.

We live in the Old Town area. We are constantly in and out of all the various condo complexes within Old Town Scottsdale as well as all around the valley including Phoenix, Gilbert, Mesa, all the way out to Buckeye. If you have any questions, whatsoever about current real estate market trends, what we expect the market to do in the future or interested in some advice in real estate investing, please reach out.

Contact The Kay-Grant Group to discuss Phoenix and Scottsdale Homes for Sale

If you're interested in learning more you can fill out our contact form or please give us a call at (480)-387-3990.

Andrea is a specialist in Old Town Scottsdale condos for sale and would love to help you with purchasing or selling a condo or home in Scottsdale, Phoenix, or the metro area.

We also like to remind all of our visitors that before you utilize Zillow Scottsdale, AZ to conduct real estate searches that our website provides access directly to the MLS so that you have the most up to date information on Scottsdale homes for sale.

 

July 14, 2016

Scottsdale Waterfront Condo Tour

Tour the Scottsdale Waterfront Condos community in Old Town Scottsdale and get an exclusive look at one of these beautiful condos with Scottsdale Realtor Andrea Lilienfeld in this video:

Here's the transcription of the video should it be helpful to you.

Hi. I'm Andrea Lilienfeld with The Kay-Grant Group. Today, we're going to take a tour of the Scottsdale Waterfront, one of Scottsdale's most luxurious condo communities. Residents of the Scottsdale Waterfront have access to some of the most upscale amenities you're going to find at any condo community. They have everything from 24 hour a day security and concierge, on-site valet, as well as having access to this beautiful event space that we're going to tour right now. Connected to the event space, you'll find a full-size kitchen for your catering and entertaining needs. It's located directly across the hall from a large dining room, which is also available to the residents. Here you'll see the wine cellar that's available for the residents of Scottsdale Waterfront.

The Scottsdale Waterfront rooftop offers some of the most amazing views you are going to find anywhere in Old Town Scottsdale. From here, you can see Camelback Mountain, Papago Mountain, Scottsdale Waterfront, and just the general city skyline of Scottsdale. These are truly views you're not going to find in just any community throughout Scottsdale. While up on the rooftop of Scottsdale Waterfront, you can enjoy a full-size pool, a hot tub, a lounging area, a grilling area, or a full bar area.

I'm excited to give you a private tour of one of our featured 2 bedroom, 2 bath units within the complex. Come on with me and let me show you what makes this unit truly unique. As you enter the unit, the first thing you're going to notice is just how open the floor plan is and how it has a beautiful view of the courtyard and the Waterfront walkways. Both the general layout of the unit itself, the way it's been decorated, and the amazing views truly set this unit apart from anything else you're going to see within the complex.

When you first walk in through the door, if you turn to the left, you're going to see where he has actually turned one of the bedrooms into an office. He's added custom smoke glass doors that can shut the office off for making it more private or open it up to ensure while you're working, you don't feel closed off. You'll also notice that just off of the second bedroom that's converted into a den, there's still a full-size bathroom for your guest.

As you walk in and you look around the kitchen, you can't help but notice the level of upgrades that have been done throughout. The entire kitchen is equipped with Viking appliances, from everything from the microwave to the oven to the oversize fridge and freezer to the separate wine cooler, the gas range, and even the dishwasher. From the kitchen, you're going to look out into the main seating area and dining area, both of which have a great view, again, of the courtyard. One thing you'll notice when hanging out in this room is the fact you can even hear the water fountain out in the park. This is something you're not going to see or hear in just any unit throughout the Scottsdale Waterfront.

Moving on from the main living space into the master bedroom, you can't help but notice how oversize the unit is and, again, the amazing views you have in this room as well. Connected to the master bedroom is a private on-suite that again you're going to see the same smoke glass doors carried throughout for privacy. This large private en-suite features both dual vanities, an oversized whirlpool tub, a large walk-in tile shower, and a large walk-in closet that's sure to impress anyone.

As I'm sure you've noticed as we've toured this featured listing today, the owner's done a fabulous job with the way they have it both furnished and decorated. If you're interested in purchasing this unit along with all of the furnishings, he'd like you to know that all furnishings are available via a separate bill of sale.

This unit also has a large private laundry room, a large storage closet, as well as it comes with two parking spots, one exterior storage unit, and a private wine locker. As I mentioned when this tour began, this unit has one of the best patios in the entire complex. As you can see, this patio extends the entire width of the condo. You'll notice both the water fountain and the walkway that goes along the famous Scottsdale Waterfront canal. Out here, often times you'll see both neighbors or tourists going on strolls as well as be able to get a front row seat to the different activities, such as art fairs and wine walks, that will occur periodically.Scottsdale Waterfront

If you're interested in learning more about this featured 2 bedroom, 2 bath 1,788 square foot unit or just learning more about the Scottsdale Waterfront as a whole, please feel free to either call or text me at 480-387-3990. You can also send me an email at andrea@kay-grant.com.

You may also be interested in looking at other luxury Old Town Scottsdale condos such as Sage Condos for Sale or Safari Drive condos.

Our site has the most up to date MLS information, much fresher data than Zillow Scottsdale.  Search all Scottsdale homes for sale.

  

July 13, 2016

Why Our Website is Better than Zillow Scottsdale

Beat Zillow Scottsdale

We have clients bring houses and condos to us that they found on Zillow Scottsdale just to learn that the home is no longer on the market.  It's always disappointing when you're excited about a home that you found and can't wait to see just to learn that someone else has already purchased that home.  Often times that home may have already been purchased by someone else weeks ago!

When you search for Scottsdale homes, Phoenix homes, or any Valley homes using our website you are getting the most up to date information.  Our website pulls the real estate listings from the Arizona Regional MLS; Zillow pulls the data from multiple sources as they do not actually have access to the MLS.  It's for this reason that you should use our website for your real estate searches or contact your Scottsdale Realtors that have access to the MLS.

Our site is constantly updated as we are able to pull the MLS data straight from the Arizona Regional MLS; Zillow and similar services are relying on a complex "hacky" structure that they have in place to scour the internet looking for real estate listings.  Our site makes it easy to browse specific communities or view pre-populated search terms such as Old Town Scottsdale condos or all Scottsdale homes for sale

Please remember that you can always contact us as well and we will create a custom real estate search for you that will automatically e-mail you homes that meet the criteria you give us. If you're interested in learning more you can fill out our contact form or please give us a call at (480)-387-3990.

July 9, 2016

Optima Camelview Penthouse Condo Tour

Optima Camelview Penthouse Condo Tour

If you've been interested in purchasing a penthouse in the Optima Camelview this is a fantastic video to watch.  Watch as Scottsdale Realtor Andrea Lilienfeld tours one of The Kay-Grant Group's Optima Camelview penthouse listings.

 

 

If you'd prefer to read about this Optima penthouse you may be interested in this transcription:

Hi, I'm Andrea Lilienfeld with The Kay-Grant Group. Today we're going to take some time getting to know the Optima Camelview. Let's take a deeper look at one of our featured penthouses. From the second you walk into this penthouse, you'll notice just how luxurious it is. When you start with the kitchen, you'll see that the owner has actually put in custom granite counter-tops with special edges. Has stainless steel appliances throughout the kitchen, including a gas-top stove. This condo, in the entire community of the Optima Camelview, is also equipped with reverse osmosis. No need anymore to keep your fridge full of bottles of water. The water here, within the Optima, is ready to drink.

As you walk into the main great room, please take a minute to notice the custom floors that the owner has installed with special tile laid throughout. This is something you're not going to find in just any unit within the community. The owner has also installed a custom-made bar for entertaining. The glass detail that she used on the floor is carried on to the glass fronts of this custom bar, as well as the fact that she has installed special lights to really accent the beauty. As we all know, in Arizona we have beautiful weather that we all want to make sure we can enjoy. This penthouse unit has one of the largest private patios of any of the units throughout the complex. Let's go outside and take a look at what it has to offer.

Out on the patio, what you'll notice is that there is both a covered area with lounge seating to enjoy during the hot afternoon sun. As well as an actual yard area for you to do any gardening you may be interested in. This patio even comes with a full tree to provide shade and give you more of that homey type feel. From the patio, you'll notice when you look out over the railing, you're able to see fashion square mall, the fountains we viewed earlier throughout the community, as well as the putting green that's offered here, making this truly a tranquil area to hang out.

While touring this unit, one thing I think is very important to keep in mind is this is one of the few units throughout the entire complex that doesn't share any common walls with neighbors. You don't have anyone above you that you need to worry about walking around, nor do you share any of your side walls, so you don't need to worry about the noise that sometimes goes along with condo living. With that, let's go back and check out the two bathrooms, and the two bedrooms that go along with this unit.

Here we are in the master bedroom. When you step into the master bedroom, the first thing you're going to notice is again, the breath-taking views that are associated with this gorgeous penthouse unit. The bedroom is large enough for two dressers and a king size bed, with still feeling very roomy. It also has its own ensuite bathroom with dual vanity, a full tile shower, and a full-sized walk-in closet.

With living in Arizona, we all know how much people love to come visit us over the winter. This condo has a great sized second bedroom, with the same amazing views for your guests to appreciate, making them feel at home when they're here in town visiting.

If you've liked what you've seen today, and would like to learn more about this breath-taking penthouse unit, or would like to just learn more about the Optima Camelview condos as a whole, please feel free to call or text me at 480-387-3990, or send me an email at andrea@kay-grant.com Thank you and have a great day.

You can also browse North Scottsdale homes for sale or all Scottsdale real estate.  You may also be interested in Scottsdale Waterfront condos for sale.

 

July 6, 2016

Optima Camelview Condos July 2016 Market Update

Optima Camelview Condos Market Update

The below video gives an overview of the Optima Camelview condos that have sold thus far in 2016.  You can also see all condos for sale in Old Town on our Old Town Scottsdale homes for sale page. Please be sure to contact Andrea Lilienfeld, a Scottsdale realtor with They Kay-Grant Group if you have any questions.

 

Here is a timestamped transcription of the above video:

Hello. This is Geoff Lilienfeld with The Kay-Grant Group. As we close up the second quarter of the year, I thought that we would take a look at some numbers for the Optima Camelview Village condos in Old Town Scottsdale to see how the market has changed throughout 2016.

For June 2016, there were a total of eleven units that sold in the Optima Camelview Village. We see here that we have average days on market of 144. Obviously, you'll notice that in the previous month of May, we were much, much higher at 272 days on market.

[00:01:00]

We do have an average close price of $602,000 per unit, which equates to an average price per foot of $403.58. That number is up from May, and down a little bit from April of 2016. With that being said, if we look at this on a quarter over quarter basis, we'll notice that the first quarter of 2016 for Optima Camelview and the second quarter of 2016 for Optima Camelview are fairly consistent. Average days on market for the first quarter was 158.6, and the second quarter, 162.84, so this is pretty similar and in line with what we've seen in the past, as well.

[00:02:00]

The first quarter, we see that 15 units closed, with 19 in the second, so the first quarter being January through March and then the second quarter, April through June. Again, that average price per square foot stayed fairly consistent for the Optima, and our average close price is well within a standard range that we'd expect to see.

In June, we did see all three of one, two, and three bedroom condos close escrow. We had four one bedroom units close, four two bedroom units close, and three three bedroom units closed. We'll notice that the average days on market for the two bedroom units is significantly lower than for the one and three bedroom units at the Optima, being a full 50 days lower than the one bedrooms and 67 days than the three bedroom units.

[00:03:00]

It is interesting to note that on a price per square foot basis, the three bedroom units at the Optima Camelview for the month of June did sell for a consistently higher number than the two and one bedroom units, which is kind of interesting, as oftentimes with condos and homes in Scottsdale, you'll notice that as the homes get larger, that the price per square foot actually goes down, because you still have a single kitchen, same number of bathrooms, but at the Optima, there has seemed to be a trend that the larger, more expensive units actually do tend to sell at a higher price per square foot.

A lot of that might have to do with upgrades if a lot of the condos in the Optima are being upgraded in a more expensive manner for the larger condos than that would make sense for why we would see that higher price per square foot.

[00:04:00]

As far as condos actively listed in the Optima Camelview, we do see quite a few. Obviously, the two bedrooms really dominate the market with 24 two bedroom condos being presently listed at the Optima at an average price per foot of $430 and an average overall list price of almost $600,000. We also see that we have 12 one bedroom condos, five three bedroom condos, and two four bedroom condos listed at the Optima Camelview.

[00:05:00]

In general, the price trend has maintained fairly consistent. Definitely seeing similar this quarter than we did the first quarter of 2016 with a pretty steady number of average days on market. It does appear that overall, there is somewhat of a trend towards the price recently declining for these condos. However, I wouldn't expect that there would be any sort of real significant market shift coming up.

In general, we can see that these condos are definitely continuing to sell if we look at these 19 closed listings in the second quarter, and there are approximately 700 units in the Optima, so based on that, we see a turnover of approximately 2.7% per quarter.

[00:06:00]

If we go and we look at 2015 as a whole, in the fourth quarter, you'll see there were eight listings that closed, in the third quarter seven, the second quarter 18, and in the first quarter, 14 listings closed at the Optima Camelview in 2015, so that gives us 57 total listings. Again, if we divide that number by 700, we see about an 8.1% rate of return.

This concludes our Optima Camelview update. Again, this is Geoff Lilienfeld with The Kay-Grant Group. If you are interested in viewing any units in the Optima Camelview or if you would just like more information on the market, please feel free to contact Andrea Lilienfeld. Her phone number is 480-387-3990, or you can e-mail her at andrea@kay-grant.com.

[00:07:00]

We would also love to discuss listing any condos that you're interested in selling. Obviously, we specialize in the Optima Camelview as well as the Old Town Scottsdale area, and Scottsdale and the Phoenix metropolitan area as a whole. Thanks again for listening, and please let us know if there's anything that we can do to assist you with your Optima real estate needs.

 

That Concludes The Optima Camelview Condos 2016 Market Analysis

You may also be interested in taking a look at Scottsdale Waterfront condos for sale or Safari Drive condos for sale.

Optima Camelview Condos

 

If you're interested in learning more you can fill out our contact form or please give us a call at (480)-387-3990.

June 28, 2016

Southwest Village House Under Contract in 48 Hours

This Southwest Village home hit the market on Thursday (we always have our homes go live on Thursdays for strategic purposes) and had multiple offers within 48 hours thanks to The Kay-Grant Group, top Scottsdale Realtors.

Step 1 - Professional Photos

As with all listings, we had professional photos taken of this beautiful south Scottsdale home located in Southwest Village.

Southwest Village Home

Step 2 - Beautiful MLS Listing

We spend the time to create well thought out MLS listings that portray home well and accurately.  

Southwest Village is a Hot Neighborhood!

Southwest Village is a really hot neighborhood right now.  If you drive around you'll see tons of homes being remodeled / flipped.  South Scottsdale is in high demand as Scottsdale continues to grow as a whole and more and more people (including Millenials) are looking for central locations within walking distance of shops, restaurants, and entertainment.

As of the writing of this blog post, there are 5 active listings in Southwest Village with an average list price of $525,380 according to the Arizona Regional MLS (Multiple Listing Service).

The average price per square foot of these active listings comes out to $259.86 and have 118 average agent days on market.

In the last 6 months, 11 homes have closed escrow in Southwest Village. The average sales price of these homes was $437,436 according to the Arizona Regional MLS.  The average per foot sales price was $263.43, not too far below the average list price of $265.78 per square foot.  Average agent days on market was 50 days.

Considering Southwest Village?

If you're interested in purchasing or selling a home in Southwest Village you should contact Andrea Lilienfeld immediately so that she can help you understand the local market. Making an educated decision about real estate starts with an educated Scottsdale Realtor, Andrea is that person.  Give her a call or shoot her a text at 480-387-3990.  You can, of course, use this website to send her an e-mail as well.  She can set you up on a direct MLS search portal which will provide the latest up to date information on homes for sale, much more up to date than Zillow Scottsdale.

Andrea would love to set you up on an automated search so that you can stay educated on the homes available as well as the sales trends of Southwest Village and other Old Town Scottsdale homes for sale.  You can also search all Old Town condos for sale or all Homes for Sale in Old Town Scottsdale.

Southwest Village Sold Home