• Home
  • Communities
    • McDowell Mountain Ranch
      • Arizona Highlands
      • Arizona Vintage
      • Armonico
      • Cachet
      • Castle Chase
      • Cimarron Hills
      • Cimarron Ridge
      • Community Center
      • Desert Cliffs
      • Discovery Canyon
      • Discovery Trails
      • Eagle Ridge
      • Mirador
      • Montecito
      • One Hundred Hills
      • Panorama Point
      • Sienna Canyon
      • Sonoran Estates
      • Sonoran Fairways
      • Sunrise Point
      • Sunset Point
      • The Overlook
      • The Ridge
      • The Summit
      • Trovas
      • Vermillion Cliffs
    • Grayhawk
    • Aviano
    • DC Ranch
    • Desert Ridge
    • Windgate Ranch
    • Lone Mountain
    • Desert Mountain
    • Scottsdale Mountain
    • Scottsdale Ranch
    • Luxury Homes
    • Golf Course Homes
  • Buyers
  • Sellers
  • About Us
  • Testimonials
  • Blog
  • Contact

Jeff Cameron

HomeSmart

480-652-2004

Follow Us on FacebookFollow Us on Google+Follow Us on TwitterFollow Us on LinkedInFollow Us on YouTube

Metro Phoenix and Scottsdale Real Estate Market March 2016

April 11, 2016 By Jeff Cameron

Print Friendly, PDF & Email

Hello and thanks for tuning in. This is my March real estate market report for Metro Phoenix, Scottsdale and McDowell Mountain Ranch.

Oh my, What a Beautiful Day it will be today. I noticed NY cancelled their Opening Day for Baseball due to cold rainy weather. Any of you in cold climates, we can set you up with a vacation home, retirement or investment property. Nothing like an investment property to give you a great reason to visit AZ and be able to write it off! Or what the heck, join us here and relocate to AZ.

What’s happening in the world of Real Estate?

Picture23-D tours are on the verge of booming. Check out my video from March to learn more, there should be a link below. We love Cutting Edge Marketing to give our seller’s the UnFair Advantage! We are bringing you 3-D first as we did with Drone video, video tours and video blogging.

Now, let’s review our Real Estate Market here in Metro Phoenix, Scottsdale and McDowell Mountain Ranch?

Every month when I talk about the price per square foot in small market samples, I state that it can be very erratic based on the the low number of sales and the product mix. You know, how many entry level and how many luxury homes are selling. So I thought I would do a 3 month moving average and give you a better example.

First, looking at McDowell Mountain Ranch.  Comparing this month to last year and last month we are up 6% and 2% respectively.  But when we look at a 3 month moving average we see down 2% from last year and down 1% from last month. I tried a 6 month moving average and got similar results. Moving averages even things out so you don’t have huge spikes.

Looking at the neighborhood at Tatum and Bell in Phoenix, we are down 4% from last year and down 11% from last month. On the contrary, when looking at the moving averages we are up 9% from last year and down 2.5% from last month.

What is this telling us?

Looking at both neighborhoods we see buyers willing to pay extra and sometimes a lot extra for “turn key,” for recent remodels in today’s styles, for views and lot positions. We also see the market penalizing homes for poor upgrades, locations or other negatives. It is so weird to hear a buyer say, “that is so 2008” or “I don’t want the Tuscan Look.”

In McDowell Mountain Ranch, million dollar home sales can spike the averages. Overall values are kind of flat, but nice homes are selling for high premiums.

Let’s look at some quick examples in MMR of the same floor plan by the same builder with a pool. Last May we have 2 closings one at $338k and another at $415k. Then, just last November we have the same floor plans selling at $387k and $417k. I will put the links at the bottom so you can see the photos of each.

We see a similar trend at Tatum and Bell. When looking at the same floor plan by the same builder here is what I see. Last spring average homes were selling at $240 and $255k. However, a completely remodeled in today’s styles home sold for $272K. This spring the average homes are at about $262k and a remodeled home closed at $280k. It was not as nice as the one that sold last year.  There is another Pending at $289k and 1 available at $300k. The market is pushing higher.

Let’s look at the numbers for April 1, 2016 from ARMLS for Single Family Homes(Difference is due to no condos etc..)  in Metro Phoenix, Scottsdale, McDowell Mountain Ranch, and Tatum and Bell:

Active Listings

  • Metro Phoenix 18,412  down 4% from last year, up 0% from last month.
  • Scottsdale 2,620  up 14% from last year, up 3% from last month
  • McDowell Mtn ranch 59  up 7% from last year, down 6% from last month
  • Tatum and Bell 17  up 55% from last year, down 6% from last month

Pending Listings

  • Metro Phoenix 10,508 up 4% from last year, up 1% from last month
  • Scottsdale 746  up 9% from last year and up 3% from last month
  • McDowell Mtn ranch 28 down  3% from last year, down 26% from last month
  • Tatum and Bell 20 up 54% from last year, up 18% from last month

Closed Listings

  • Metro Phoenix 7,003 up 8% from last year, up 49% from last month
  • Scottsdale 471 up 2% from last year, up 47% from last month
  • McDowell Mtn ranch 27 up 35% both from last year, up 80% from last month
  • Tatum and Bell 9  flat from last year, up 0% from last month

Average PPSF

  • Metro Phoenix $134 up 7% from last year, up 0% from last month
  • Scottsdale $220 up 4% from last year, up 1% from last month
  • McDowell Mtn ranch $244 up 6% from last year, up 2% from last month
  • Tatum and Bell $151 down 4% from last year, down 11% from last month

 

  • New listings 7,157  up 6% from last year, down 4% from last month
  • Sold Last Month 7,070  down 9% form last year, up 1% from last month
  • Months supply of homes
    • 6 month supply comparing Active to Closed
    • 6 month supply compared to Sold (new sales for the month)

We are in season and homes are selling. Sales are up and so are average prices.

Are you thinking of buying or selling a home? Would you like to see the best newest Cutting Edge technology in selling homes to Net you the Most in the sale of your home?

Would you like to Make a Well Informed purchase without pressure and with someone experienced to negotiate the best deal for you?

Are you thinking of selling and buying?

Well I am your man! Did you know we reduce our commission when you use us to both buy and sell your home?

 

Call me today!

 

Jeff Cameron 480-652-2004.

HomeSmart

I want to be your Realtor… What can I do for you today?

Have you seen my Drone aerial videos of homes? Cutting edge marketing!

Read what people write about me on Zillow https://www.zillow.com/profile/JeffRCameron/?rx=true

McDowell Mountain Ranch Links           SOLD FOR                    CLOSED DATE
10381 E Texas Sage LN                                          $415,000                         05/01/2015
10423 E TEXAS SAGE LN                                     $417,500                         10/30/2015
14927 N 103RD WAY                                              $338,000                         04/30/2015
10381 E Texas Sage LN                                           $415,000                          05/01/2015
Tatum and Bell Links                                 SOLD FOR                    CLOSED DATE              
17429 N 46TH PL                                                  $289,900                          03/15/2016
4039 E MEADOW DR                                          $300,000                          03/09/2016
4725 E SAINT JOHN RD                                     $280,000                          03/18/2016
4156 E MEADOW DR                                           $262,000                          03/30/2016
17246 N 47TH ST                                                   $255,000                          04/03/2015
4029 E Coolbrook AVE                                         $240,000                         04/10/2015
PENDING LISTING                                    LIST PRICE
17429 N 46TH PL                                        $289,900
ACTIVE LISTING                                        LIST PRICE
4039 E MEADOW DR                                 $300,000

Filed Under: Uncategorized Tagged With: "Foreclosure homes", arizona, Arizona bank deals, Arizona home for sale, Arizona Real Estate, community, DC Ranch, foreclosure, Fun in McDowell Mountain Ranch, help with short sale on a home in Arizona, Homes for sale, Jeff Cameron Realtor, Live in McDowell Mountain Ranch, Market Report 2016, www.thecameronteam.com

Categories

  • McDowell Mountain Ranch
  • Scottsdale
  • Grayhawk
  • Desert Ridge
  • Phoenix
  • DC Ranch
  • Fun In Arizona
  • Action Sports
  • Gilbert
  • Local Businesses
  • Peoria
  • Glendale
  • Paradise Valley
  • Mesa
  • Tempe

Calculate Mortgage Payments

www.mlcalc.com

Contact Us

Jeff Cameron

The Cameron Team
8388 E Hartford Ave,
Scottsdale, AZ 85255

Jeff: 480-652-2004

JeffRCameron@gmail.com

Copyright © 2025 Jeff Cameron
8388 E Hartford Ave Scottsdale, AZ 85255 · 480-652-2004 · jeffRcameron@gmail.com
Powered by