Winter is here and the holidays are upon us! Whether you’re going to buy or sell a property, it is always good to have an understanding of the seasonal trends in the local market. The graph above allows us to take a look at how the real estate market faired in October 2016. We see that new listings are down -11.3% from September with a total of 71 new listings vs. 80 in September. New contracts were down by -22.7% though closed sales are up 31.0% from September. The median sale also went up from $1,200,000 in September to $1,215,000 in October. During these up and down activity months it is more important than ever to consult a real estate professional that knows the Paradise Valley market. It is essential to get the right advice on how to protect your investment.
If you’re considering to purchase or sell a property in Scottsdale we invite you to reach out to Joe and Linda Szabo with The Szabo Group – The Scottsdale Real Estate Experts! They and their team are more than happy to assist you with any of your real estate needs.
We hope that you enjoy reading and analyzing the Paradise Valley Luxury Home Report and should you have any questions or comments, please feel free to Contact Joe Szabo at 480.688.2020 or email him directly at Joe@ScottsdaleRealEstateTeam.com or Joe@AZLuxuryHomes.com. You can also visit http://www.AZLuxuryHomes.com or http://www.scottsdalerealestateteam.com to find out more about Paradise Valley Homes for Sale and Estates for Sale in Paradise Valley and to search the Paradise Valley MLS for Scottsdale Home Listings.
Please note that this Paradise Valley Real Estate Blog is for informational purposes and not intended to take the place of a licensed Paradise Valley Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale and Paradise Valley Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Paradise Valley, The Szabo group delivers experience, knowledge, dedication and proven results.