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 seasonal trends in the local market. Taking a look at how the real estate market faired in October 2016 please see the graph below. It shows that new listings are up 11.4% from September with a total of 1,113 new listings vs. 999 in September. New contracts are up by 3.5% and closed sales are down by 4.2%. However, the median sale price is up from $394,000 in September to $396,000 in October, though that is .3% drop from what we saw last year. During these up and down activity months it is more important than ever to consult a real estate professional that knows the Scottsdale 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 Scottsdale 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. You can also visit http://www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale 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 Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results.