NORTH SCOTTSDALE BEAUTY

I was showing property in Scottsdale

yesterday and came across a short sale scenario in North Scottsdale (up by the Boulders).  The home is owned by a decorator and it shows….beautiful wall treatments…granite throughout, stone pillars, travertine flooring, nice pool….$485k asking for a little over 3,600 SF.  I did not speak with the listing agent so I don’t know if there are any offers on the table.  If I could sell mine, I’d be interested in that one!  

Saw several other homes in various zip codes in north Phoenix and Scottsdale.  Viewed a home in Aviano for $417k that was actually a great price for that area.  This is a bank owned property.  We saw a few distressed properties and only one didn’t have a refrigerator or a dishwasher.  I was actually surprised that they were in such good condition.

There’s a home in The Preserve (58th & Dynamite) that is now bank owned.  Former model…beautiful home on an acre…negative edge pool….4000 SF….$589k.   While this is not good for normal resales within this development, it’s a great opportunity for a move up buyer.

There are definitely great deals out there!  If you’re able to buy, this is really the time to move forward, especially while the interest rates are so low.   As mentioned in a previous post, our inventories (here in the Phoenix metro area) are down slightly and the numbe of homes in escrow are up.  While it is still a buyer’s market, at least people who don’t have to sell are staying off the market.  This will clear the inventory quicker and start to stabilize our home prices.