Phoenix-Mesa-Scottsdale area is poised for change

Authentic. Unique. Experiential. Community. These buzz words are landing in cities across the country as more and more mixed-use projects aim to meet the market’s desire for something different. Not surprisingly, Phoenix, Mesa, and Scottsdale are following suit. New residential, retail, and commercial projects starting to fill the real estate landscape are bringing entirely new experiences to the Valley.

New home sales best since 2008

The numbers are in, and the real estate market finished 2015 on a high point, especially for new home sales. December was the strongest month for new home sales since 2008, with nearly 1,500 newly built homes recorded. That’s up 45 percent from November and 58 percent from December 2014.

Cracks appearing in real estate market

The drop in sales of luxury homes and in total dollars spent market wide from august to September hints that the fourth quarter of 2015 may not be as strong as the first three, according to the latest housing market report from the Center for Real Estate Theory and Practice.

Phoenix real estate sales heated up in June

The real estate market fluctuates with the seasons, and the lead up to summer — a popular time to move — is usually busy. This year June was the prize-winner with exceptionally strong sales. Mike Orr, director of the Center for Real Estate Theory and Practice in the W. P. Carey School of Business, reports that single family sales in June rose 9 percent over May, and were 22 percent higher than a year ago.