What is Happening in the Real Estate Market?

What is Happening in the Real Estate Market?

Are you thinking about buying a new home in the Scottsdale, Arizona area? Perhaps you are even thinking about selling your current home. No doubt, you are taking an interest in Scottsdale, AZ real estate. As you may know, timing and knowledge are everything in the real estate business. Just how is the real estate market fairing for Scottsdale?

There is good news if you are considering selling your home. Real estate sales are heading up by forty-five percent versus the numbers in the same month of 2009. More good news for sellers is that prices for homes with a value under $250,000 are showing an increase. What if you are selling your higher-end Scottsdale real estate property? Homes costing $500,000 and up are still showing a downward outlook on the current market. Not great news for sellers, but excellent news for buyers.

Scottsdale is currently a buyer's dream market, as the area has some of the lowest real estate prices it has seen in years. Rates are actually at an all time historical low, which means that the housing supply is up and the prices are sinking. Scottsdale homes for sale are truly abundant for buyers right now. This means more choices in housing are within your price range. More options are never a bad thing, except of course, for the indecisive. This is all good news for investors, as the cost for buying is down and great opportunities are presenting themselves all over Arizona.

Overall, the Scottsdale area is seeing a lot of activity. Though most of this activity is positive for buyers, it is mixed as far as selling real estate is concerned. Finding a good real estate agent who is knowledgeable about the area and current market is a step in the right direction for buyers, investors and sellers. Reliable agents can be found online. They offer the use of online mapping and other buyer-friendly real estate tools.

Scottsdale has been titled the "most livable city" by some. With all of the city's fabulous dining, shopping and recreation, it is no wonder how it received that title! Its sections, from the downtown area, to the opulent north, all have prime real estate for sale. The area is full to the brim with opportunities. Come take your own slice of the American dream pie, by finding your ideal home amongst Scottsdale, AZ real estate for sale.

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