Thursday, November 8, 2007

Micro Climates in the Scottsdale Market

There are various markets in Scottsdale that have their own dynamics and perform based on their dynamics and less the general economic drivers. Across the board there are communities in Scottsdale that have increased value 5% , some that held their own and some that have seen median price decreases of from 5 - 10%. However statistics are often misleading and to more accurately assess a homes or communities value I like to look at price points and trends within the data base to give me a better feel for the subject. Additionally looking at outside macro trends and environmental issues can be a wise thing to do especially if you are concerned with hold periods of 5 years or more. I would welcome others comments on this matter also. Have to run, will readdress this issue soon. www.premierAZhomes.com
Have made several updates to my site.