category archive listing Category Archives: Market Update

New Urban Residences Proposed for Downtown Scottsdale

November 16, 2011 – 5:07 pm

The Arizona Republic recently reported that a Dallas based developer is proposing building 369 apartments in downtown Scottsdale, located immediately northwest of Optima Camelview Village, to be called Portales Apartments. The plan had been to build 126 high rise condos, to be named Portales Place, on the site but that failed with the real estate bust. Although I would [...]

By Will Daly | Also posted in Scottsdale, What's New | Comments (2)

Real Estate Market Starting to Look Better in Phoenix

November 14, 2011 – 9:05 am

The Arizona Multiple Listing Service released its monthly statistical report on November 4, 2011 and it appears that the market is improving, albeit modestly. Total sales in October 2011 were 14.7% higher than for the same period last year.  While sales were lower in October than they were in June that is to be expected as [...]

By Will Daly | Comments (0)

Phoenix, Scottsdale and Tempe Urban Market Update Q1 – 2011

April 28, 2011 – 12:58 pm

The condo market has definitely picked up some steam coming into 2011.  While foreclosures and short sales continue to make up over 2/3 of the sales, “re-newed” condo sales are steady to strong in some buildings. Over the last year and a half, numerous fractured condo projects changed hands, relieving most debt and introduced new [...]

By Mitch | Also posted in Phoenix, Scottsdale, Tempe, What's New | Comments (6)

Ten Wine Lofts Turning Rental

December 21, 2010 – 9:54 am

This won’t be a big surprise to anyone but it’s still relevant to this site/blog. Ten Wine Lofts, the urban condo community at roughly Osborn and Scottsdale Road has been converted to apartment rentals and is expected to be on the market in early 2011.  An investor purchased the community after the original developer and [...]

By Will Daly | Also posted in Hot Deals, Rentals, Scottsdale, What's New | Comments (7)

44 Monroe Update

November 22, 2010 – 5:16 pm

Early this year Starwood Capital and partners purchased a portfolio of condominiums once valued at $4.5 billion from the FDIC which had taken over the assets from the failed Corus Bank. Now Starwood et al and the FDIC are partnering to sell off those condo communities under the name “ST”. One of the communities is [...]

By Will Daly | Also posted in High Rise Condos, Phoenix | Comments (10)

High Rise and Loft Condo Sales Jump in 2009

January 6, 2010 – 9:17 am

I just dug through some more MLS data.  As I’m sure all our readers would expect, the number of high-rise and loft foreclosures and short sales were way up this last year. From January 1 to December 31, 2008, the total number of “distressed” sales of high-rise condos and lofts was 94.  These 94 properties [...]

By Will Daly | Also posted in High Rise Condos, Lofts | Comments (30)

Urban Condo Status – Year End 2009

December 29, 2009 – 4:27 pm

Boy 2009 was a chaotic year for urban condos in Phoenix, Tempe and Scottsdale!  Here’s a snap shot of what we went through and where we are today. Century Plaza, Phoenix - M&I Bank, the original construction lender has finally taken the property back from the developer.  Work has commenced on 13th floor condos but we don’t know [...]

By Will Daly | Comments (4)

More Data Reflecting Sales in Phoenix and Scottsdale

December 22, 2009 – 9:24 pm

Joseph Lee commented on a post I wrote two weeks ago, Why is Real Estate Inventory Down…Sales!, that I thought was worth sharing further.  He wrote: “Not all cities are created equal: 2008 (12/17) 2009 (12/17) All counties 56,434 88,478 Phoenix 12,285 24,346 Scottsdale 4,309 5,459 Paradise Valley 174 255 This is just MLS and does [...]

By Will Daly | Also posted in Phoenix, Scottsdale | Comments (3)

Two More Reasons To Buy Real Estate Now

December 16, 2009 – 11:10 am

A friend has strongly suggested that I NOT write about what you’re about to read, the possibility of higher interest rates and/or inflation in the near future.  His reasoning is that by discussing such topics I might A) confuse folks unnecessarily and/or B) discredit myself in the event that neither (i.e. higher interest rates or [...]

By Will Daly | Comments (20)

Why Is Real Estate Inventory Down….. Sales!

December 10, 2009 – 3:13 pm

We got several responses to last weeks blog; some in agreement and some in disagreement.  One of the people who disagreed with the assessment said that the only reason that “actively for sale” properties are down is because a person would have to be “crazy” to try to sell their homes or condos in today’s [...]

By Will Daly | Also posted in Trouble | Comments (10)
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