Weekly Newsletter For October 18th 2010 Page Three

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There are 514 Scottsdale Homes For Sale that are currently Pending Sale.

Just to let you know here the total Pending sales between are 754.

The lowest priced Pending Scottsdale Real Estate is still this 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 still have this 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. This Property went pending on 08/22/2010.
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CHART OF THE NUMBER OF PENDING SALES IN EACH PRICE POINT

1) There are (6) Scottsdale Homes Pending under 100K.
2) There are (85) Scottsdale Homes Pending between 100K to 200K.
3) There are (104) Scottsdale Homes Pending between 200K to 300K.
4) There are (88) Scottsdale Homes Pending between 300K to 400K.
5) There are (64) Scottsdale Homes Pending between 400K to 500K.
6) There are (45) Scottsdale Homes Pending between 500K to 600K.
7) There are (24) Scottsdale Homes Pending between 600K to 700K.
8) There are (27) 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 (35) Scottsdale Homes Pending between 1 Million to 2 Million.
12) There are (10) Scottsdale Homes Pending between 2 Million to 3 Million.
13) There are (2) Scottsdale Homes Pending between 3 Million to 4 Million.
14) There are (1) Scottsdale Homes Pending between 4 Million to 5 Million.
15) There are (1) Scottsdale Homes Pending over 5 Million.

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THE NUMBER OF SOLD SCOTTSDALE PROPERTIES IN THE PAST 7 DAYS
There have been 24 Scottsdale Properties that have closed escrow since 10/12/2010. There have been 13 Scottsdale Homes that have closed in the same time period.
The following is a list of the prices and particulars of the Scottsdale Homes that Closed Escrow.

1) Closed on 10/18/2010 for $173,630 was a 1,850 sq-ft Scottsdale Home built in 1961 that was 4 bedrooms, 3 baths, short sale, on the market for 185 days.

2) Closed on 10/16/2010 for $223,000 was a 1,212 sq-ft Scottsdale Home built in 1978 that was 2 bedrooms, 2 baths, probate sale, on the market for 73 days.

3) 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, regular sale, on the market for 44 days.

4 Closed on 10/12/2010 for $380,000 was a 3,718 sq-ft Custom Scottsdale Home built in 2008 that was 4 bedrooms, 4 baths, regular sale, sitting on a 47,004 sq-ft lot, on the market for 20 days.

5) Closed on 10/13/2010 for $398,900 was a 2,450 sq-ft Scottsdale Home built in 1987 that was 4 bedrooms, 2 baths, 2 car garage, Regular Sale, on the market for 139 days.

6) Closed on 10/13/2010 for $431,500 was a 3,010 sq-ft Scottsdale Home built in 1994 that was 4 bedrooms, 3 baths, 3 car garage, Regular Sale, on the market for 87 days.

7) Closed on 10/15/2010 for $485,000 was a 2,812 sq-ft Scottsdale Home built in 1940 that was 3 bedrooms, 2.75 baths, 2 car garage, regular sale, on the market for 242 days.

8) Closed on 10/15/2010 for $512,500 was a 3,201 sq-ft Scottsdale Home built in 1992 that was 4 bedrooms, 3 baths, 3 car garage, regular sale, on the market for 186 days.

9) Closed on 10/19/2010 for $569,500 was a 3,100 sq-ft Scottsdale Home built in 1978 that was 5 bedrooms, 3 baths, 2 car garage, and a pool, Regular Sale, on the market for 180 days.

10) Closed on 10/15/2010 for $680,000 was a 2,950 sq-ft Scottsdale Home built in 1999 that was 4 bedrooms, 2.5 baths, 3 car garage, and a pool, on a 8,775sq-ft lot, Short Sale, on the market for 192 days.

11) Closed on 10/16/2010 for $700,000 was a 4,276 sq-ft Scottsdale Home new build in 2003 that was 6 bedrooms, 5 baths, 4 car garage, sitting on a 49,008 sq-ft lot, Short Sale, on the market for 246 days.

12) Closed on 10/18/2010 for $714,858 was a 3,673 sq-ft Scottsdale Home new build in 1997 that was 5 bedrooms, 4 baths, 3 car garage, sitting on a 47,691 sq-ft lot, regular sale, on the market for 111 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.
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THE NUMBER OF SOLD SCOTTSDALE PROPERTIES THAT HAVE SOLD SO FAR IN 2010

There have been 5,130 Scottsdale Properties that have been sold to date. This means that so far this year we have had 291 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 3,159, or an average of 10.86 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, (367), or 1.3 Scottsdale Homes Per Day.

3) The Number of Scottsdale Homes that sold 200K to 300K, (617), or 2.1 Scottsdale Homes Per Day.

4) The Number of Scottsdale Homes that sold 300K to 400K, (579), or 2 Scottsdale Homes Per Day.

5) The Number of Scottsdale Homes that sold 400K to 500K, (423), or 1.5 Scottsdale Homes Per Day.

6) The Number of Scottsdale Homes that sold 500K to 600K, (317), or 1.1 Scottsdale Homes Per Day.

7) The Number of Scottsdale Homes that sold 600K to 700K, (206), or .7 Scottsdale Homes Per Day.

8) The Number of Scottsdale Homes that sold 700K to 800K, (145)

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

10) The Number of Scottsdale Homes that sold 900K to 1 Million, (80)

11) The Number of Scottsdale Homes that sold 1 Million to 2 Million, (229)

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, (6)

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 314 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.
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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 preferred 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 5.15% (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 3.875% to 5.539%, 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 $1,881 – $2,271 per month for the loan.

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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.

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