September Market Trends Report

The Karas Group is committed to providing timely market information on a monthly basis to the community. The area snapshots below illustrate the key market trends by area. For more information feel free to contract chris@thekarasgroup.com or visit www.thekarasgroup.com

SCOTTSDALE REAL ESTATE MARKET REPORTS

The market statistics below are provided to help you familiarize yourself with the trends in the Scottsdale luxury home market, the Scottsdale AZ real estate market and the trends we have been seeing.

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Paradise Valley, Arizona

Paradise Valley is a small town in Arizona but though it is not great in size, it is still a desirable location for prospective home owners. The population of this town is estimated near 15,000 and it is located just outside the sixth largest city in the United States, Phoenix. It is the home to 12 famous resorts which makes it a desirable tourist destination for hose traveling to the western United States.

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Fountain Hills

Fountain Hills Real Estate pricing cycles through different highs and lows. Keeping track of the following market indicators will give you good insight into the trends of this unique community.

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Arcadia ( 85018 and 85251 )

While in general the Phoenix housing market is declining in median price and the inventory is holding steady despite the increased sales some neighborhoods are not following the general trend. The zip code 85018 which includes the Arcadia Neighborhood, the south foothills of Camelback Mountain have an increasing median price and decreasing inventory.

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