real estate corner

2023: A More Favorable Situation for Sellers

Overall the market was more favorable to sellers than we expected in December and downward pressure on pricing has been largely eliminated, except in a few market segments.

UNIQUEPROPERTYFEATURE offered at $3,285,000

This uniquely designed desert contemporary home maximizes the spectacular Pinnacle Peak views with Troon Mountain serving as a backdrop.

Windy Walk Estates at Troon Village

Located in the sought-after, guard-gated Windy Walk Estates in Troon Village, this stunning home is situated on a generous and tastefully landscaped 3/4 acre lot. The 5,474 desert abode is set back from the street and showcases an impressive and timeless stacked-stone facade. The house offers significant architectural interest with clean lines, high-ceilings, curved interior walls, and coffered ceilings with recessed lighting. Three interior fireplaces with black steel surrounds/ clay accents and multiple art niches add charm to this home. The spacious kitchen and adjoining family room are designed for entertaining.

10637 E Yearling Drive, Scottsdale, AZ 85255

4 Bed + Loft | 4.5 Bath | 5,474 SQ FT | 3.5-Car Garage

This has started to bring more sellers into the market and new listings have been more plentiful over the last week. Supply remains well below normal and so does demand. Volume is low but it is increasing and market health is improving, not deteriorating as it was for much of 2022.

The Cromford Market Index™ is a value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings compared with historical data over the previous four years. Below is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities:

The average change in the CMI over the past month is 20%, lower than the 22% that we saw last week. Among the 17 largest cities we see 4 currently in a buyer's market below 90, 3 balanced between 90 and 110, and 10 in a seller's market over 110. Among the secondary cities, Sun Lakes looks very weak with unusually low demand, and Apache Junction and Arizona City have lost momentum.

Celebration of Fine Arts

January 14 – March 26

SW Corner Hayden & 101 CelebrateArt.com

Down Syndrome Network (DSNetwork) is a local Arizona non-profit who has been supporting people touched by Down syndrome since 2002.

From the initial diagnosis through school-aged years and beyond, individuals with Down syndrome and their families face a wide range of challenges and find themselves immersed in an ever-changing, often complicated journey to learn how to best support and nurture their loved ones.

DSNetwork helps every step of the way through education, advocacy and an open, supportive and collaborative network that connects individuals and families with needed resources and information. Please consider one of the many ways to give to this vibrant community that embraces, supports and inspires individuals with Down syndrome to live healthy, self-determined and fulfilling lives.

DSNetworkAZ.org/give/

DSNetwork is in need of auction items from local businesses for our upcoming gala. Learn more here: DSNetworkAZ.org/events/lights-camera-auction/

What is your favorite classic car?

2023

Bentley Continental GTC Convertible

This is the ultimage drop-dead gorgeous car for me! Every detail about it turns heads and it truly puts a smile on my face. — LISA

1967

Hands down, the classic American muscle car featured in Gone in 60 seconds is my choice. The style and raw power represents American vehicle engineering. Fans claw at the opportunity to own this vehicle! —

MATT

1965

Notoriously known as the iconic vehicle of James Bond, the DB5 is now one of the most rare and collectible cars on the market today. — LAURA

THE SCIENCE OF PERFORMANCE. THE ART OF PLAY.

Putting World Scottsdale is one-of-a-kind: Our 18-hole indoor putting course is an entertainment and game improvement facility focused 100% on putting. The course is set up differently every day. Our proprietary YottaTech system measures your performance to guide you on your journey to becoming the best putter you can be. Enjoy instruction, fitting, competition, and dining all in one space. Opening late January in the Promenade.

PuttingWorld.com

Boot Obsession

Freebird was born out of a love for boots. We set out to create an original design to make your boots as unique as you are.

Producing each pair using the timehonored goodyear welt craftmanship, combining quality with fashion.

Scottsdale Arabian Horse Show

February 16 – 26 | Westworld ScottsdaleShow.com

MLB Spring Training

February 25 – March 28

CactusLeague.com

Once you put on a pair of FREEBIRD boots, you feel like you can conquer anything!

You are unique and should always stand out from the crowd. Now open at Scottsdale Quarter.

FreebirdStores.com

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