Weekly Newsletter For October 12th 2010 Page Three

________________________________________________________
There are 512 Scottsdale Homes For Sale that are currently Pending Sale.

Just to let you know here the total Pending sales between are 755.

The lowest priced Pending Scottsdale Real Estate is an 800 sq-ft Condo with 2 bedrooms, 1 bath, built in 1962, and the Pending asking price is $20,000.
Scottsdale Homes
On the other end of the Scottsdale Real Estate market, we have a 10,000 sq-ft Scottsdale Home with 7 bedrooms, 10 baths, pool, 6 car garage, separate guest house with 2 bedrooms, 2 baths that is 1,300 sq-ft, all sitting on a lot size of 105,000 sq-ft in Troon Canyon Estates. The pending sale asking price for this Scottsdale Home is $5,970,000. This Scottsdale Home has been on the market for 969 days, and the starting price was listed at $6,850,000.
________________________________________________________
CHART OF THE NUMBER OF PENDING SALES IN EACH PRICE POINT

1) There are (5) Scottsdale Homes Pending under 100K.
2) There are (79) Scottsdale Homes Pending between 100K to 200K.
3) There are (105) Scottsdale Homes Pending between 200K to 300K.
4) There are (92) Scottsdale Homes Pending between 300K to 400K.
5) There are (65) Scottsdale Homes Pending between 400K to 500K.
6) There are (47) Scottsdale Homes Pending between 500K to 600K.
7) There are (20) Scottsdale Homes Pending between 600K to 700K.
8) There are (28) Scottsdale Homes Pending between 700K to 800K.
9) There are (10) Scottsdale Homes Pending between 800K to 900K.
10) There are (12) Scottsdale Homes Pending between 900K to 1 Million.
11) There are (36) Scottsdale Homes Pending between 1 Million to 2 Million.
12) There are (9) Scottsdale Homes Pending between 2 Million to 3 Million.
13) There are (1) Scottsdale Homes Pending between 3 Million to 4 Million.
14) There are (2) Scottsdale Homes Pending between 4 Million to 5 Million.
15) There are (1) Scottsdale Homes Pending over 5 Million.

________________________________________________________
THE NUMBER OF SOLD SCOTTSDALE PROPERTIES IN THE PAST 7 DAYS
There have been 13 Scottsdale Properties that have closed escrow since 10/07/2010. There have been 8 Scottsdale Homes that have closed in the same time period.
The following is a list of the prices and particulars of those sales.

1) Closed on 10/12/2010 for $112,000 was a 1,213 sq-ft Scottsdale Townhouse built in 1985 that was 2 bedrooms, 2.5 baths, normal sale, on the market for 8 days.

2) Closed on 10/12/2010 for $120,000 was a 1,212 sq-ft Scottsdale Townhouse built in 1979 that was 2 bedrooms, 2 baths, normal sale, on the market for 155 days.

3) Closed on 10/13/2010 for $120,000 was a 2,033 sq-ft Scottsdale Townhouse built in 1972 that was 2 bedrooms, 2 baths, Short Sale, on the market for 159 days.

4 Closed on 10/13/2010 for $120,000 was a 1,577 sq-ft Scottsdale Townhouse built in 1979 that was 2 bedrooms, 2 baths, Short Sale, on the market for 159 days.

5) Closed on 10/08/2010 for $250,000 was a 1,890 sq-ft Scottsdale Patio Home built in 1979 that was 2 bedrooms, 2 baths, 2 car garage, Short Sale, on the market for 119 days.

6) Closed on 10/13/2010 for $302,000 was a 1,756 sq-ft Scottsdale Home built in 1994 that was 3 bedrooms, 2 baths, 2 car garage, Regular Sale, on the market for 44 days.

7) Closed on 10/08/2010 for $344,000 was a 2,418 sq-ft Scottsdale Home built in 2000 that was 3 bedrooms, 2 baths, 3 car garage, Lender Owned Sale, on the market for 106 days.

8) Closed on 10/07/2010 for $375,000 was a 1,667 sq-ft Scottsdale Home built in 2003 that was 2 bedrooms, 2 baths, 2 car garage, Short Sale, on the market for 150 days.

9) Closed on 10/12/2010 for $398,900was a 2,450 sq-ft Scottsdale Home built in 1987 that was 4 bedrooms, 2 baths, 2 car garage, and a pool, Regular Sale, on the market for 139 days.

10) Closed on 10/09/2010 for $795,000 was a 4,500 sq-ft Scottsdale Home built in 2007 that was 4 bedrooms, 3.5 baths, 3 car garage, and a pool, on a 46,500 sq-ft lot, Short Sale, on the market for 125 days.

11) Closed on 10/07/2010 for $852,500 was a 4,509 sq-ft Scottsdale Home built in 2004 that was 5 bedrooms, 4.5 baths, 3 car garage, with a pool, sitting on a 16,747 sq-ft lot, Regular Sale, on the market for 183 days.

12) Closed on 10/09/2010 for $902,344 was a 3,977 sq-ft Scottsdale Home new build in 2010 that was 4 bedrooms, 3.5 baths, 3 car garage, sitting on a 13,467 sq-ft lot, Regular Sale, on the market for 5 days.

13) Closed on 10/13/2010 for $2,490,497 was a 5,786 sq-ft Scottsdale Home new build in 2010 that was 4 bedrooms, 4.5 baths, 4 car garage, with a private and community pool, sitting on a 53,415 sq-ft lot, Regular Sale, on the market for 211 days.
________________________________________________________
THE NUMBER OF SOLD SCOTTSDALE PROPERTIES THAT HAVE SOLD SO FAR IN 2010

There have been 5,044 Scottsdale Properties that have been sold to date. This means that so far this year we have had 286 days that it took for that number of Scottsdale Properties to sell. When you take that number and divide it by the number of days, we find that there is on average 17.63 sales per day in Scottsdale.

The Number of Scottsdale Homes that have sold out of the total number is 3,110, or an average of 10.87 Scottsdale Homes sold per day.

If you want to further dissect the numbers, here is a table, of price ranges, and the number of Scottsdale Homes that have sold in that price range, to date, in Scottsdale:

1) The Number of Scottsdale Homes that sold under 100K, (17)

2) The Number of Scottsdale Homes that sold 100K to 200K, (363), or 1.3 Scottsdale Homes Per Day.

3) The Number of Scottsdale Homes that sold 200K to 300K, (606), or 2.1 Scottsdale Homes Per Day.

4) The Number of Scottsdale Homes that sold 300K to 400K, (572), or 2 Scottsdale Homes Per Day.

5) The Number of Scottsdale Homes that sold 400K to 500K, (417), or 1.5 Scottsdale Homes Per Day.

6) The Number of Scottsdale Homes that sold 500K to 600K, (309), or 1.1 Scottsdale Homes Per Day.

7) The Number of Scottsdale Homes that sold 600K to 700K, (202), or .7 Scottsdale Homes Per Day.

8) The Number of Scottsdale Homes that sold 700K to 800K, (142)

9) The Number of Scottsdale Homes that sold 800K to 900K, (94)

10) The Number of Scottsdale Homes that sold 900K to 1 Million, (78)

11) The Number of Scottsdale Homes that sold 1 Million to 2 Million, (226)

12) The Number of Scottsdale Homes that sold 2 Million to 3 Million, (57)

13) The Number of Scottsdale Homes that sold 3 Million to 4 Million, (17)

14) The Number of Scottsdale Homes that sold 4 Million to 5 Million, (5)

15) The Number of Scottsdale Homes that sold 5 Million to 6 Million, (4)

16) The Number of Scottsdale Homes that sold over 6 Million, (1)

There have been 310 Scottsdale Homes sold so far this year, that sold for more than 1 Million, or an average of 1.1 Million Dollar plus, Scottsdale Homes per day.
________________________________________________________
A NOTE ON WHAT THE CURRENT INTEREST RATES LOOK LIKE

These interest rates are all depending on many variables that pertain to each individual, such as job history, credit score, income, debt to income ration, and other factors. These rates are only shown to give you an idea, and the best way to know exactly what you qualify for, is to let us help you by getting you in contact with one of our prefered lenders to get you qualified, based on your particular information.

With all that said, here are some of the rates.
Jumbo loan rates as low as 5.10% (Jumbo loans in most areas of the US are loans above $417,000)
30 year fixed rate loan, in the Scottsdale area, for a $400,000 loan ranges between 3.750% to 5.5%, depending on the company, and then of course depending on the items already stated. All thing in your other categories being considered excellent, the payment can range from just under $1,800 – $2,271 per month for the loan.

________________________________________________________
SOME CLOSING THOUGHTS

You can see that by all the numbers that have been provided here in this weeks newsletter, that the Scottsdale Real Estate market is alive and doing great. There are many Scottsdale Homes that are active on the MLS, making for a great selection. There are many homes currently in pending status, showing that there are sellers willing to sell, and buyers willing to buy, right now. There are many Scottsdale Homes that have already sold, this year, and in the past week, also proving that deals do close, buyers get a new home, and sellers do get their properties sold.

So with all that being said, now is a fantastic time to buy or sell a home. Do not let this market, with all the great deals pass you by, Contact Jim at 602-284-6833 or Grace at 602-617-0529 Today.

Be Sociable, Share!

SCOTTSDALE HOMES FOR SALE

When it comes to Scottsdale homes for sale, there is one important step you should take, before you look at your first home, find a great Realtor to work with you to get the property you want, at the best possible price and terms. When it comes to free information, simply click on the picture below, and remember, we are here to be of service to you.Scottsdale Arizona Houses

SELL MY HOUSE IN SCOTTSDALE

If you are thinking about selling your property in Scottsdale, be it to down size, up size, or many other reasons. The most important step in the selling process, is to find a Realtor you can work with. We have provided information here by clicking on the picture, that will help you, and remember, we are here to be of service, when you need us.Scottsdale Arizona Houses

INVESTING IN SCOTTSDALE

Investing in real estate is one of the best ways there is to make money. Investing in real estate, is also a great way to loose, all your money. The best way to make sure you are making money, is to find a great Realtor to work with you. By clicking on the picture below, you will find free information, and remember, we are here to be of service.Scottsdale Arizona Houses