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Desert Mountain, Scottsdale AZ - 2010 Home Sales Performance

Here are the 2010 homes sales numbers for Desert Mountain in Scottsdale, Arizona. Desert Mountain is a luxury golf community located in the far north section of Scottsdale. Desert Mountain features six golf courses, six clubhouses and much more.

This analysis takes a look at Desert Mountain real estate sales for Q1 and Q2 of 2010. It also highlights July 2010 home sales activity as well as current homes for sale in Desert Mountain and pending home sales.  

Desert Mountain Home SalesQ1 2010Q2 2010Year-to-Date
- Number of Home Sales303161
- Total Sales Volume$41,268,762 $48,585,500 $89,854,262
- Average Sales Price$1,375,625 $1,567,274 $1,473,021
- Sales Price to List Price85%87%86%
- Average Square Feet4,6774,7344,706
- Average Sales Price/ Sq. Foot      $284.37 $314.45 $299.66
- Average Days on Market*374335354
- Highest Sale Price$3,950,000 $3,550,000 $3,950,000
- Lowest Sale Price$495,000 $442,500 $442,500
Desert Mountain Scottsdale AZ Homes for Sale

The number of homes that sold at Desert Mountain was split pretty even between Q1 and Q2. The average days on market for these homes came in just under a year. However, in Q2, the average sales price saw an increase and the average price per square foot also saw a boost.

Desert Mountain Scottsdale AZ
2010 Real Estate Performance 
Desert Mountain Homes for Sale as of 8/26/10
- Number of Homes194
- Average Asking Price$1,885,682
- Average Square Feet4,638
- Average Asking Price per Sq. Foot$379.25
- Average Days on Market*470
Desert Mountain Pending Sales as of 8/26/10
- Number of Homes4
- Average Asking Price$2,896,250
- Average Square Feet5,933
- Average Asking Price per Sq. Foot$470.33
- Average Days on Market*638
Desert Mountain Home Sales - July 2010
- Number of Home Sales7
- Total Sales Volume$16,800,000
- Average Sales Price$2,400,000
- Sales Price to List Price83%
- Average Square Feet6,427
- Average Sales Price per Sq. Foot$357.39
- Average Days on Market*529
- Highest Sale Price$4,425,000
- Lowest Sale Price$650,000

Here are last month's figures for Desert Mountain home sales. Based on Q1 and Q2's average of about 10 sales per month, July was trailing a little bit with 7 sales. However, average sales price saw a large increase to $2,400,000 and a jump in average price per square foot.

About Scottsdale’s Desert Mountain
Desert Mountain
is one of Scottsdale's premier luxury golf communities. Located northeast of Carefree and Cave Creek in Scottsdale, Desert Mountain sits on 8,000 view-filled acres and is home to six challenging Jack Nicklaus golf courses. There are six clubhouses offering dining options that range from casual to more formal. It features an extensive tennis complex with various court surfaces, a fitness center and spa as well as multiple swimming pools. Outdoor enthusiasts will enjoy the miles of trails that wind throughout the community. Homes range from smaller cottages up to expansive estates.

Search Desert Mountain Homes for Sale

Originally posted on Live Better in Scottsdale

========================================= 

Disclaimer: Information herein deemed reliable but not guaranteed. Data pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010 (Q1), 7/1/2010 (Q2) and 8/26/2010 (July and current information) and can change at any time. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson

DC Ranch Scottsdale, Arizona – 2010 Home Sales Performance

DC Ranch Scottsdale AZHere are the home sales figures for DC Ranch real estate in Scottsdale, Arizona for 2010. DC Ranch is a delightful community located in North Scottsdale, just north of the 101 freeway. It has housing options for everyone including condos and townhomes up to mutli-acre expansive estates.

 This report will provide a snapshot of DC Ranch single-family home sales in Q1 and Q2 2010 as well as July 2010. Additionally, it contains active homes for sale in DC Ranch and pending home sales in DC Ranch.

 

 

DC Ranch Scottsdale AZ Real Estate Sales 2010

As you can see, homes sales activity was slightly better in Q2 than Q1, but the average sales price of the homes was lower. Average price per square foot was up slightly.

DC Ranch Real Estate July 2010 Homes for

Here are more recent statistics on the DC Ranch real estate market. Pending sales look to be on track with Q1 and Q2 monthly averages, but sales price and average asking price per square foot continue to decrease.  July sales were strong, but again we see that the average sales price has moved to $750,492 whereas for Q1 and Q2, it was $863,667.

About Scottsdale’s DC Ranch:
DC Ranch is a  luxury community located in North Scottsdale. DC Ranch is broken into several different neighborhoods. These neighborhoods range from condo and townhome communities to multi-million dollar estates in guard-gated enclaves.

DC Ranch has its own K-8 school and two large community centers, Desert Camp and The Homestead. DC Ranch is also home to the DC Ranch Country Club, which is a private golf club with an 18-hole course designed by Tom Lehman and John Fought.

In additon to all the community offers, DC Ranch is also  home to Market Street, a wonderful shopping, dining, personal care and entertainment district.

Search DC Ranch homes for sale.

Originally posted on Live Better in Scottsdale

========================================= 

Disclaimer: Information herein deemed reliable but not guaranteed. Data pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010 (Q1), 7/1/2010 (Q2) and 8/23/2010 (July and current information) and can change at any time. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson

Grayhawk Scottsdale, Arizona - 2010 Home Sales Performance Through July 2010

Located in North Scottsdale, Arizona, Grayhawk is a wonderful community that appeals to a wide variety of people and families. There are two main neighborhoods including a guard-gated area that wraps around the two signature golf courses.  

This analysis takes a look at single-family homes sales in Grayhawk in 2010. I have broken the information out so that you can see Q1, Q2 and Year-to-Date sales, as well as the month of July. Additionally, there is information on current homes on the market and pending sales.   

Grayhawk Home SalesQ1 2010Q2 2010Year-to-Date
- Number of Home Sales253256
- Total Sales Volume$17,501,938 $18,044,046 $35,545,984
- Average Sales Price$700,078 $563,876 $623,614
- Sales Price to List Price93%94%94%
- Average Square Feet3,1322,8742,987
- Average Sales Price/ Sq. Foot      $207.09 $191.40 $198.28
- Average Days on Market*135142139
- Highest Sale Price$2,200,000 $2,100,000 $2,200,000
- Lowest Sale Price$296,150 $285,000 $285,000
 

As you can see, sales activity picked up a bit between Q1 and Q2, but the average sales price was lower. In addition, the average square footage of the homes and average price per square foot also decreased between the two time periods. The other metrics stayed more or less the same.  

Here are the current figures for Grayhawk single-family homes.  

Grayhawk Scottsdale AZ
2010 Real Estate Performance 
Grayhawk Homes for Sale as of 8/20/10
- Number of Homes53
- Average Asking Price$763,924
- Average Square Feet3,214
- Average Asking Price per Sq. Foot$225.61
- Average Days on Market*187
Grayhawk Pending Sales as of 8/20/10
- Number of Homes16
- Average Asking Price$530,212
- Average Square Feet2,859
- Average Asking Price per Sq. Foot$187.13
- Average Days on Market*93
Grayhawk Home Sales - July 2010
- Number of Home Sales13
- Total Sales Volume$7,624,100
- Average Sales Price$586,469
- Sales Price to List Price94%
- Average Square Feet2,921
- Average Asking Price per Sq. Foot$195.59
- Average Days on Market*87
- Highest Sale Price$1,175,000
- Lowest Sale Price$299,000

Sales activity in July kept up the same positive pace we saw in the previous months. There were 13 home sales in Grayhawk in July and the average sales price was up slightly over Q2's average sales price. And, as of the 20th of August, there were 16 pending home sales.  


About Grayhawk
:
Grayhawk is a wonderful Scottsdale community. Known for its two courses at the Grayhawk Golf Club, Talon and Raptor, it is a great choice for people who want to live in a golf community. Grayhawk is composed of two neighborhoods, the guard-gated Retreat and The Park. Home options in Grayhawk run the gamut. There are offerings from condos and townhomes up to large golf estates. The Grayhawk Golf Club is public and is home to a full-service clubhouse with a pro shop, restaurant and bar. Grayhawk's central location is close to plenty of shopping and dining, entertainment, outdoor pursuits, transportation and so much more.
  

Search Grayhawk Homes for Sale  

Originally posted on Live Better in Scottsdale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2010 (Q1), 7/1/2010 (Q2 and YTD) and 8/20/2010 (July) can change at any time. The analysis looks at single-family home sale activity in the golf community of Grayhawk in Scottsdale, Arizona. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson
  

 

 

The Hunger Site: One-Stop Shopping for Multiple Charities

Often, I try to highlight local Scottsdale and Phoenix charities via my blog. Today, I wanted to talk about a great website that has a more global reach. One of my favorite websites to visit on a frequent basis is The Hunger Site. When you enter The Hunger Site, not only can you impact global hunger, but you can also impact multiple other charitable causes, including Bre ast Cancer, Child Health, Literacy, Rainforest and Animal Rescue.

The premise of the website is pretty simple, by clicking on the link at the top of the tabbed pages, the sponsors of that page will then donate to make some kind of impact for the specific cause.

  • Click on The Hunger Site link = 1.1. cups of food go to the hungry
  • Click on The Bre ast Cancer Site link = 1 woman gets a free mammogram
  • Click on The Child Health Site = 1 child gets lifesaving healthcare
  • Click on The Literacy Site link = 1 child gets a book of their own
  • Click on The Rainforest Site link = 11.4 feet of rainforest is protectedPhoenix Zoo Monkey
  • Click on The Animal Rescue Site = .6 of a bowl of food is provided for a rescue animal

In addition to clicking on the sponsored links, each website has a large variety of items to shop from. Many of these items are unique and handmade by artisans around the world. Other items include cause-related gear. By purchasing these items, you actually make a larger impact as a portion from every sale goes toward the cause the item is being sold on behalf of. For instance, buying a tote bag from The Rainforest Site could equate to 1,145 square feet of land being protected.

If this is of interest, I highly recommend making The Hunger Site and its affiliate sites a frequent stop when you are browsing the web. It is a great way to make an impact on a daily basis that does not take up a lot of time. And, you may even find something special for yourself or someone else as you browse the various pages.

Originally posted on Live Better in Scottsdale

Scottsdale Home Sales in Zip Code 85262 - 2nd Quarter 2010

Each quarter, I pull the information on homes sales in north Scottsdale's zip code 85262 to get an idea of how the sales activity was broken out by types of home sales.

85262 is a North Scottsdale zip code. 85262 is home to many of Scottsdale's top luxury golf communities. Here are some of these communities that can be found in 85262:

The sales types are broken into three categories - They are "regular" sales (or non-distressed sales), short sales (or pre-foreclosure sales) and foreclosures (also known as  lender-owned homes, bank-owned homes or REO's.)

Here is how the sales activity for Scottsdale zip code 85262 broke out for Q2 2010:

Real Estate Sales in Scottsdale AZ Zip Code 85262 Q2 2010

Homes Sales in Scottsdale Zip Code 85262

Overall Findings for Q2 2010 - Scottsdale Single-Family Home Market for Zip Code 85262

  • Active Homes For Sale: As we have seen in Scottsdale in general, non-distressed sales represent the majority of the homes on the market. For 85262, these homes were 79% of the market. The remaining 21% was split almost equally with short sales (12%) and lender-owned (9%).
  • Pending Homes for Sale: Pending sales were almost equal between the three sub-categories. Regular sales were 33%, short sales were slightly higher at 36% and foreclosures were at 31%.
  • Q2 2010 Scottsdale Home Sales: Although pending home sales in Scottsdale were almost equal at the end of Q2 2010, the actual sales figures showed a bit of divergence. The majority of home sales were regular sales (53%).  Foreclosures came in second at 27% and short sales were the least represented with 21%. This  makes sense as regular sales are the most "standard" sales you see today, with foreclosures coming being a little more complex. The short-sale process can take many months to complete and many sales fall out, so it makes sense it had the lowest percentage of sales.
  • Home Prices: The average home price as well as the average price per square foot for non-distressed home sales were significantly higher than the two other categories. If you look at the lender-owned category, average square footage was very similar to non-distressed sales, but the average price per square foot was almost $100 less.
  • Days on Market: Lender-owned homes enjoyed the shortest average days on market with 166. This is understandable as there continues to be pent-up demand for foreclosures throughout the Valley. Short sales come in with the highest days on market as the sales process is the longest of the three.
    Discounts Off of List Price: A very large discount off asking price, 13%, was seen with non-distressed sales in the second quarter of 2010. This is because non-distressed sellers have the luxury of negotiating their own price versus relying on a third-party for approval. Short sales and foreclosures were in the 5% discount range for Q2 2010.

Here is the same analysis for the first half of 2010 for zip code

Scottsdale Real Estate Sales Zip Code 85262 Q1 Q2 2010

Originally posted on Live Better in Scottsdale

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2010, 4/1/2010 and 7/1/2010 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Information deemed reliable but not guaranteed.
Copyright © 2010 Heather Tawes Nelson

Scottsdale AZ Luxury Home Market - July 2010

Here are July 2010's results for the Scottsdale AZ luxury home market. For the purposes of this report, I define the Scottsdale luxury home market as homes with asking prices over $1 million. This analysis reviews the sales activity of single-family, resale homes in Scottsdale over the last 12 months.

- July 2010 - 
 
Homes Priced Between $1,000,000 - $1,499,999
- Active Homes for Sale: At the end of the month, there were 275 active homes in this price range in Scottsdale. This number was down slightly from June's 279, continuing a four month trend of decreasing inventory. The 12 month average is 348.
- Pending Home Sales: Pendings saw another very large decline (35%) month-over-month. This is the second month in a row where there has been a significant decline. At the end of the month, there were 18 pending sales, well below the 12 month average of 27.
- Homes Sold: Nineteen homes sold in July, a large decline from June's sales of 30 homes, but June was a spectacular month for this price range. The 19 sales were more in line with the 12 month average of 21 home sales per month.
- Sales Price to Listed Price: 88.3% - This is more or less a typical ratio for this price range, which is usually in the high 80%'s and low 90%'s.

 Scottsdale AZ Luxury Home Market July 2010 1 to 1.5 Million

 Homes Priced Between $1,500,000 - $1,999,999
- Active Homes for Sale: At July's end, there were 177 homes on the market in this price range. Inventory for this price segment has been decreasing since February of this year. The 12 month average is 221 homes for sale.
- Pending Home Sales: There were 13 pending sales at the end of the month. The last time we saw this figure so low was in October of 2009 when there were 14 pending sales. This is well below the average of 18 pending sales.
- Homes Sold: Seven homes sold in July, a 36% decrease over June. This figure is also behind the 12 month average which is 10 home sales.
- Sales Price to Listed Price: 90.6% - This is the first time this figure has been in the 90%s since November of 2009. So while sales were down, the homes sold for less of a discount off of the asking price.

Scottsdale AZ Luxury Home Market July 2010 1.5 to 2 Million

Homes Priced Between $2,000,000 - $2,999,999
 Active Homes for Sale: The number of homes on the market at this price point by the end of July was 147. This figure has been steadily decreasing since November of 2009. The 12 month average is 208.
- Pending Home Sales: Pending home sales were actually up over June to 6. This is positive news, however, this figure still trails the 12 month average of 8 pending sales.
- Homes Sold: Only 5 homes sold in July in this price segment, a 50% decrease over June, putting this figure below the 12 month average of 7 sales. The last time this number was so low was November and December of 2009. 
- Sales Price to Listed Price: 85.3% - This is a little lower than is usually seen. For the last few months, this has been in the high-80%'s and even was at 90.1% one month.  

Scottsdale AZ Luxury Home Market July 2010 2 to 3 Million

Homes Priced $3,000,000+
-  Active Homes for Sale: The number of homes for sale in Scottsdale over $3 million at the end of June dropped to 115. This is the lowest this figure has been since I started tracking this data in September of 2007. The 12 month average is 141.
- Pending Home Sales: There were three pending home sales at the end of the month. This is one less pending sale than June, but it is on track with the 12 month average of 3.
- Homes Sold: Three homes sold in July. Again this was off by one over June, but is also the same as the 12 month average of 3 home sales per month. 
- Sales Price to Listed Price: 82.2% - This figure varies widely month to month. It is not uncommon to see the low 80%s one month and high 80%s the following.

Scottsdale AZ Luxury Home Market July 2010 Over 3 Million

July was a challenging month for the luxury home market in Scottsdale AZ. On a positive note, inventory continues to decrease month over month for all of the price points. However, the lackluster results for home sales and more importantly, the low pending sales figures mean that August is going to be  another challenging month.

To see the detailed data behind this report, please visit my Scottsdale luxury real estate market reports page and click on the "Scottsdale Market Trends" report. For other information on the Scottsdale real estate market and the surrounding areas, please visit my Real Estate Market Reports page.

Originally posted on Live Better in Scottsdale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2010 and can change at any time. The analysis looks at single-family resale homes in Scottsdale over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2010 Heather Tawes Nelson

Phoenix and Scottsdale AZ Luxury Condo Sales – July 2010

Here are the July 2010 figures for the Phoenix and Scottsdale luxury condo sales. For this report, I consider the luxury condo market as condominiums for sale with list prices in excess of $1 million.

The Phoenix area luxury condo market had a very poor month in July. There were no sales and no new pending sales. Up until this month, the Phoenix and Scottsdale luxury condo market was seeing an average of just over two sales per month.

There was one pending sale at the end of July and it was at the Scottsdale Waterfront Residences. This is the same unit that was pending at the end of June. The condo in question is a 2,287 square foot unit that is listed for $1,290,000. It has has two bedrooms and  two and one-half baths.

Phoenx Scottsdale Luxury Condo Sales July 2010

Overall, there was no positive news for the luxury condo market in Scottsdale and Phoenix in July, although we did see inventory decrease by 8 units from June. The lack of new pending sales does not bode well for August sales as there is nothing new in the pipeline.  Ideally, we will see some activity this month to get things moving again.

View Scottsdale Waterfront Residences condos for sale

Originally posted on Live Better in Scottsdale


Disclaimer:
Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2010 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2010 Heather Tawes Nelson

Scottsdale AZ Single-Family Homes for Sale - July 2010

Here are the results for the Scottsdale AZ real estate market for July 2010. This report reviews single-family homes for sale, pending home sales and home sales data in the city of Scottsdale.

Scottsdale Home Sales July 2010

Scottsdale AZ Home Sales July 2010

July 2010 Highlights for Scottsdale AZ Homes for Sale:

  • Active Scottsdale Homes for Sale: The number of homes on the market went up slightly, by 12 homes, over June. This figure has been trending down since January of this year. It  is still behind the 12 month average of 2,790.
  • Pending Homes Sales in Scottsdale: Pending home sales dropped off 14.2% over June to 465 from 542. This figure was in the 600's from March to May of 2010. This figure is now trailing the 12 month average for pending sales which is 536.
  • Scottsdale Homes Sold: Home sales were also down in July. 367 homes sold, which is the first time this figure has been in the 300's  since February of this year. The 12 month average is 369 home sales.

July was a disappointing month for Scottsdale AZ real estate. Home inventory crept up a little bit for the first time in many months. Pending home sales and actual home sales dropped off sharply and both figures fell below the 12 month average for each of the categories. The lower pending sales figure also does not bode well for August homes sales in Scottsdale.

Originally posted on Live Better in Scottsdale

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2010 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2010 Heather Tawes Nelson

Scottsdale Home Sales in Zip Code 85255 - 2nd Quarter 2010

On a quarterly basis, I look at the homes sales in Scottsdale's zip code 85255 to see how the sales activity breaks out.

85255 is a North Scottsdale zip code that is home to several luxury communities. Some of these communities include:

I have broken the sales into three categories - "regular" (or non-distressed sales), short sales (or pre-foreclosure homes) and foreclosures (also known as  lender-owned homes, bank-owned homes or REO's.)

Scottsdale AZ Homes Sales 85255 Short Sales Foreclosures 2010 Second Quarter

2010 Scottsdale Homes Sales Zip Code 85255

Overall Findings for Q2 2010 - Scottsdale Single-Family Home Market

  • Active Homes For Sale: The majority of homes for sale in 85255 were non-distressed sales at 81%. This is slightly higher than the Scottsdale average of 76%. Lender-owned homes only accounted for 6% of the inventory.
  • Pending Homes for Sale: Even though non-distressed homes made up the majority of homes on the market, they only accounted for 52% of the pending home sales. Short sales made up 1/3 of the pending sales and foreclosures, only 6% of the market, comprised 15% of the pending sales.
  • Q2 2010 Scottsdale Home Sales: Regular home sales were 63% of sales in Q2 in 2010. And while short sales only made up 13% of the inventory, they were 25% of the homes sales. Over the course of the first two quarters, we have seen the percentage of short sales increase while lender-owned home sales have decreased.
  • Home Prices: Home prices for non-distressed sales were significantly higher than the distressed sale category at $871,980. Short sales came in on average at $578,770 and lender-owned had the lowest average home sale price at $525,925.
  • Days on Market: The shortest days on market ware seen with foreclosures, since demand tends to be higher for these homes. Short sales had the longest days on market at 169, which is to be expected as the short sale process takes longer.
  • Discounts Off of List Price: The largest discount off asking price, 8%, was seen with regular sales in the second quarter of 2010. The next largest discount, 7%, was on foreclosures. Short sales came in with a 5% discount off of asking price.

Here is the same analysis for the first half of 2010 for zip code 85255:

Scottsdale Homes Sales Zip Code 85255 2010

Originally posted on Live Better in Scottsdale 

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2010, 4/1/2010 and 7/1/2010 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Information deemed reliable but not guaranteed.
Copyright © 2010 Heather Tawes Nelson

Where to Eat in Scottsdale AZ: JJ's Deli (at Kashman's former location)

JJs Deli Scottsdale AZ bagel and loxIf you have been missing your North Scottsdale bagel-fix with the absence of  Kashman's Place Deli, despair no more. JJ's Deli is now open in the former location of Kashman's at Scottsdale Road and Pinnacle Peak.

I had the opportunity to stop in this afternoon at JJ's Deli and see the new restaurant and its menu. The owner could not have been nicer or more welcoming and some of my favorite staff members from Kashman's are now JJ's employees, which was great to see.

JJ's motto is "Home of the 'Pnish',  Breakfast, Lunch, Bagels and Friends." If you are wondering what a 'Pnish' is, it is a square potato knish that is sliced and filled with your choice of meat and cheese and then grilled Panini-style.

The rest of the menu has lots to choose from for both breakfast and lunch. For breakfast, choose from eggs, omelets, skillets, French toast, matzo brie, bagels and a lot more.

The lunch menu has an equally large number of choices from a make your own sandwich option, to deli noshes (knishes, latkes, etc.) , hot and cold sandwiches and salads. If you are interested in take-away, you can buy the deli meats and prepared food and salads by the half-pound and by the pound.

I am excited to see JJ's thrive and succeed in its new home. If my quick visit today was any indication, it should do very well.

More Information on JJ's Delicatessen:
23245 North Scottsdale Road
Scottsdale, AZ 85255
At Scottsdale Road and Pinnacle Peak
(480) 563-4557
www.jjsdeliaz.com
Hours 6am-3pm Daily

Originally posted on Live Better in Scottsdale

Ways to Beat the Heat in Scottsdale AZ This Summer

Musical Instrument Museum Display Phoenix AZ

Anyone who knows anything about Scottsdale, Arizona is aware that it gets quite warm during the summer. The following list has a few ideas of how you can beat the heat this summer in Scottsdale.

1) Visit the Musical Instrument Museum. Enjoy hours of musically traveling the globe and learning. Feeling hands on? The Musical Instrument Museum has an entire room devoted to instruments you can play with. North Phoenix -4725 East Mayo Boulevard, Phoenix, AZ 85050

2) Cool off at the McDowell Mountain Ranch Park and Aquatic Center. Located in North Scottsdale, the Mc Dowell Mountain Aquatic Center is home to an eight lane lap pool, a play pool with water features, a winding lazy river, a waterslide and more.  North Scottsdale - 15525 N. Thompson Peak Pkwy, Scottsdale, AZ 85260 

3) Have kids or grandkids? Visit the Children's Museum of Phoenix. Everything in the museum is designed for interactivity and hands-on experiences. Complete an art project, race motor cars, whip up a "meal" after shopping at the kid-size grocery store or read a book... There is no shortage of things to try at the Children's Museum of Phoenix. Downtown Phoenix -  215 N. 7th Street, Phoenix, Arizona  85034

4) Looking for a quiet place to pass the tiAppaloosa Library North Scottsdale AZme? Visit the Appaloosa Library in North Scottsdale or any of the other Scottsdale Public Libraries. With plenty of areas to sit and read or do online research, the Scottsdale library locations are a great place to stay cool. Mutiple Locations. Appaloosa Library located at 7333 E. Silverstone Drive, Scottsdale, AZ 85255

5) Shop to your heart's content at the Fashion Square Mall in Downtown Scottsdale. With three stories of shops to choose from, there is something for everyone. Enjoy several department stores, high-end retail boutiques, popular chain stores and more grace the various levels. And, with the addition of the new wing, anchored by the only Arizona location of Barneys New York, there is even more shopping to be had. And if all of the shopping has made you hungry, there are plently of dining options to choose from. Be sure to stop by the visually stunning Modern Steak in the new wing. Located on the corner of Camelback Road and Scottsdale Road in Downtown Scottsdale

Originally posted on Live Better in Scottsdale

 

Scottsdale AZ Home Sales By Type - Includes Foreclosures and Short Sales - Q2 2010

At the end of each quarter, I take a look at Scottsdale Arizona home sales statistics to see how the various sales types broke out. For instance, how many home sales were "regular" sales? How many were distress sales such as foreclosures or short sales? And, how do these numbers compare to the previous quarter?

 Here is how I define the three categories:
- Non-Distressed Sales - These are traditional, "regular" home sales.
- Short Sales - These are where the homeowners are trying to sell the home for less than is owed with their lender's approval.
- Foreclosures - These are homes the lender has foreclosed upon and now owns. You will see them referenced as "Lender-Owned". You may also hear them called "REO'" homes or "Bank-Owned" homes. 

Overall Findings for Q2 2010 - Scottsdale Single-Family Home Market

  • Active Homes For Sale: The majority of homes on the market are "non-distressed" at 76%. This is down from 78% at the end of the first quarter. Short sales were the next highest at 16%, up 1% from the end of Q1. The lender-owned inventory shrunk to 7%.
  • Pending Homes for Sale: The number of pending short sales was up from 32% to 36% of all pendings at the end of the second quarter of 2010. Lender-owned pending sales were also up to 22% from 20%. In return, the number of "regular" homes sales that were pending dropped off from 48% at the end of the first quarter to 42% at the end of the second quarter.
  • Q2 2010 Scottsdale Home Sales: Non-distressed homes sales again were the majority of  sales in the second quarter with 56% of all sales. Short sales and foreclosures were evenly split with 22% of the sales each. Short sales were up 2% over Q1 and conversely foreclosures were down 2% over Q1.
  • Home Prices: Non-distressed homes sale prices as well as average price per square foot continue to be significantly higher than short sales and foreclosures.  The average sale price of a non-distressed home was almost $200K higher than short sales and over $225K for foreclosures. As expected, lender-owned homes had the lowest average price per square foot. Average price per square foot for  regular sales went down from $200.85 in Q1 to $191.92 in Q2. Short sale average price per square foot actually increased in Q2 to $156.26 from $149.76. Foreclosure average price per square foot was almost identical with $134.15 in Q2 versus $134.76 in Q1.
  • Days on Market: The number of days on market were down for all three categories in Q2. Non-distressed homes went from 152 days in Q1 to 144 in Q2. Short sales saw a drop of  almost a month going from 207 days to 180 days. Foreclosures also dropped from 133 days to 114.
  • Discounts Off of List Price: Once again, the largest discount off of asking price is seen in the non-distressed sale category. On average, homes were sold at an 8% discount off of asking price. The average discount on this group for Q1 was 9% off list price. Short sales and foreclosures both averaged a 5% discount off of asking price. One interesting thing to point out is that the discount for short sales shrunk between Q1 and Q2. The average discount in Q1 was 8% off asking. I am not sure if this is because listing agents are submitting fewer "lowball" offers, if the asking prices of these homes are getting closer to appraised values, if
    lenders are holding strong with the prices they want to receive, or if something else is at play. It should be interesting to see what happens in Q3.

Scottsdale AZ Home Sales Q2 2010

Scottsdale Real Estate Market Q2 2010

Here is the same analysis for the first half of 2010.

Scottsdale AZ Home Sales Q1 Q2 2010

Previous Reports
View Scottsdale Home Sales by Type for Q1 2010
View Scottsdale Home Sales by Type for 2009

Originally posted on Live Better in Scottsdale

Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2010, 4/1/2010 and 7/1/2010 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. Information deemed reliable but not guaranteed.
Copyright © 2010 Heather Tawes Nelson

Things to Do in Scottsdale AZ: Summer 2010

Old Town Downtown Scottsdale AZEven during the hottest days of summer, Scottsdale has plenty of events and things to do. Here is a collection of events and happenings that are coming up over the next several weeks in Scottsdale.

JULY
- Day of the Cowboy - July 24th - Various Events around Scottsdale
Celebrate Scottsdale's Western and Cowboy roots by celebrating the Day of the Cowboy. Listen to cowboy stories and cowboy poetry at the McDowell Mountain Preserve. Take a tour of western art by following a self-guided tour of various western art installations. Visit the Scottsdale Museum of Contemporary Art and experience the Western exhibition. If you prefer to celebrate from the comfort of your own home, you can catch the Hatchknife Pony Express Ride on TV. Click for more information regarding the Day of the Cowboy.

- Indoor Mall Walk Supporting Partnership for Drug-Free America - July 24 - 8-10AM
Fashion Square Mall is hosting its first official mall walk with this event. Get some exercise and window shop in an air-conditioned mall, all while supporting charity. In addition to the Mall Walk, the Scottsdale Police Department will be doing a prescription drug destruction event. Rather than tossing unused prescription drugs where they could be possibly be ingested by animals or get into the water table, bring your leftover medicine to the event and they will destroy it for you. Click for more information on the Mall Walk.

- Scottsdale Museum of Contemporary Art - Various Installations
Visit the SMoCA and escape from the heat. The Western exhibition mentioned previously runs through August 22nd. Want something more modern-day? Check out the Young @ Art Gallery Visions' "Text Messages"  event through September 10th. Another one to see is the Architecture + Art: 90 Days Over 100 Degrees installation which runs through September 19th.

ONGOING SCOTTSDALE EVENTS
Scottsdale also has several ongoing events to take advantage of.

- Scottsdale Artwalk on Thursday Nights - Every Thursday from 7-9PM, stroll the Scottsdale Arts District and visit the wonderful galleries after-hours.
-Old Town Farmer's Market - Every Saturday morning from 8AM to noon, visit the Scottsdale's Farmer Market at the Scottsdale Stadium.
- "Localmotion" Trolley Tours- On the second Saturday of the month, hop on the trolley and explore Scottsdale. Starting at 10:30AM, you will enjoy a two-hour tour including the Old Mission, Southbridge and more. Reservations are required. Please call (480) 634-6850 for more information and to make a reservation.

Originally posted on Live Better in Scottsdale

Information deemed reliable but not guaranteed.

What Kind of Home Will $1 Million Buy You?
Troon Area Scottsdale AZ HomesI came across an interesting analysis on the web today that came from Bloomberg Businessweek. It looks at how much and what kind of home you could buy for $1 million in several different areas of the United States. Interestingly enough, the lead home for sale is located in Scottsdale, Arizona. It is a beautiful home with a casita on over an acre in North Scottsdale.

Click to see the How Much House for $1 Million analysis.

It is interesting to see the difference in square footage and lot sizes between the different markets. As expected, in expensive markets like the San Francisco Bay Area, your $1 million will not go as far as it would in Noblesville, Indiana, a suburb of Indianapolis.

If you are interested in seeing other homes in Scottsdale for sale around the million dollar price range, simply click on the link below.
Million Dollar Homes For Sale in Scottsdale, Arizona.

Originally posted on Live Better in Scottsdale

Phoenix and Scottsdale Luxury Condo Market - First Half of 2010

Here is an analysis for the first half of 2010 for the Phoenix and Scottsdale Luxury Condo Market. I define the luxury condo market as condos with asking prices in excess of $1 million.

During the first half of 2010, luxury condos in Scottsdale and Phoenix were selling at an average of just over 2 per month. Over two-thirds of sales activity took place in Scottsdale with Scottsdale Waterfront Residences and Optima Camelview having the most sales. The remaining 31% of sales were in Phoenix. This year's performance has already surpassed 2009's luxury condo sales, where there were only 11 sales in total.

Here is a chart showing total performance for Q1 and Q2 2010:

Phoenix and Scottsdale Luxury Condo Sales Q1 Q2 2010

As you can see, sales were almost equally divided between Q1 and Q2, but what is interesting is how the numbers improved over the two quarters. The average sales price was up just over $100K and the discount of off asking price also improved - from an average of 15% off asking price to an average of 9% off asking price. The average price per square foot also saw an increase of over $66 per square foot. Finally, the days on market also saw a decrease of a little more than a month.

I also wanted to break this same information out into each of the cities.

Here are the results for Scottsdale's Luxury Condo Market for Q1 and Q2 2010:

Scottsdale Luxury Condo Sales Q1 Q2 2010

Second quarter performance for Scottsdale condos was twice that of the first quarter. We are also seeing the same trends we saw in the combined numbers, but more dramatically. Average sales price was up significantly in Q2 as was average price per square foot. Average days on market decreased by almost three months. The sales price to list price ratio also improved, but not as much as we saw in the combined figures.

Here are the results for Phoenix's Luxury Condo Market for Q1 and Q2 2010:

Phoenix Luxury Condo Sales Q1 Q2 2010
Unlike the Scottsdale luxury condo market which picked up speed as the year progresses, the Phoenix luxury condo market saw a large dropoff from Q1 to Q2. 75% of the sales in Phoenix took place in the first quarter of 2010. Average sales price decreased as well as average price per square foot. Additionally, discounts off of asking price increased. However, we did see the average days on market decrease slightly.

Overall the luxury condo market in Scottsdale and Phoenix is performing very well in 2010. Ideally, Phoenix condo sales will pick back up, but we are still ahead of the entire year of 2009 at this point.

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2010 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the first two quarters of 2010. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2010 Heather Tawes Nelson

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