Home prices continue to rise, here in Phoenix and specifically Scottsdale. According to the article in USA today home prices rose nationally almost 10% in the past 12 months. This is true for the 20 biggest cities inlcuding Phoenix and the largest growth in the past 7 years. Price increases, they say, are due to increased demand, a tightening of inventory of homes for sale and fewer foreclosed properties which tend to sell at a discounted rate to others. Phoenix stood out, according to AOL and the S&P/Case-Shiller Index showed, with a gain of 23%, followed by San Francisco at almost 19% and Las Vegas at nearly 18%.
For this an more housing information please check back with us regularly for our local Luxury Home Reports and Housing Market Reports at www.scottsdalerealesestateteam.com and head to the Scottsdale Lifestyle Journal for these and other helpful and informative articles.
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. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit https://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.