February Market Trends

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, Arizona

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.

Scottsdale could be viewed as being made up of three primary neighborhood areas: South, North and Pinnacle Peak. South Scottsdale is best known for the Old Town area with many dining choices and a rich gallery community. North Scottsdale is rich with gorgeous homes, golf courses and resorts, while the Pinnacle Peak community offers exclusive mountain views with unique local dining and shopping options.


Paradise Valley, Arizona

Paradise Valley is an exclusive town in metro Phoenix. It is a very desirable and close knit community with the highest priced real estate in Arizona. With a population of approximately 15,000, it is nestled between upscale neighborhoods of Scottsdale and Phoenix. It is home to 12 famous resorts which makes it an upscale tourist destination as well as a sought after location to live due to its lifestyle quality.

Mummy Mountain is located in Paradise Valley and offers remarkable scenery all year long. Other natural landmarks in or near Paradise Valley include Camelback Mountain and the Piestewa Peak. The town is also home to a variety of fine dining restaurants serving a range of cuisine.

Paradise Valley

Fountain Hills, Arizona

Keeping track of the following market indicators will give you good insight into the trends of this unique community. The Town of Fountain Hills is a master planned community established in 1970. 
One of the community’s most valuable assets is its natural beauty. Incredible views and natural desert terrain provide for a wide range of outdoor activities including hiking, biking, boating and golf. In fact,
Fountain Hills contains some of the more challenging and picturesque golf courses in the State of Arizona. It could be said that the centerpiece of Fountain Hills is our beautiful fountain; one of the world’s tallest man-made fountains. It serves as a focal point for the community and attracts thousands of visitors each year.

Fountain Hills

Carefree, Arizona

Carefree – where the striking splendor of the lush upper Sonoran landscape is celebrated by its residents and cherished by all. Complementing this dramatic setting is a distinctive residential community which harmoniously incorporates the delicate flora and fauna of the SonoranDesert. Nestled within the heart of the community is a pedestrian-friendly, vibrant business district containing a rich variety of dining opportunities amongst the surrounding mountain and desert vistas and a unique assortment of intimate shops and galleries. Come enjoy Carefree – a place for gracious living in a desert forest of rare beauty.

Today, Carefree’s population is approaching 4,000 residents. The Carefree Desert Gardens and Amphitheater hold numerous community concerts and events such as world class art shows throughout the year. Carefree celebrates 50 years of history and 25 years of incorporation.


Cave Creek, Arizona

Cave Creek is an awesome place to live and work. Not only are there multitudes of beautiful views, but it is both serene and full of action-packed fun. You can enjoy the ambience and beauty of the Wild West, shop until you drop or hit the many saloons in town for great events including Cave Creek Wicked, Fiesta Days and Wild West Days, among others. When you are in Cave Creek, you feel the West come alive.

Cave Creek

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