We must have turned the corner in our local Phoenix AZ real estate market. This post is the second continually that exudes strongly encouraging good news for Scottsdale housing market.

Today, Resales of homes in the U.S. real estate market rose 7.6% during April, another positive sign that a further decline is farther in the rear-view mirror of the Phoenix real estate market.

I have noticed an increase in buyer traffic as reported by Scottsdale real estate agents and Paradise Valley agents holding open houses. According to several Realtors that I interviewed, they expected for home buying interest to wain with the increase in temperature here in the east valley of Phoenix; however, buyer interest in Scottsdale and Fountain Hills real estate ( especially from Canada,  has remained level or increased.

Recently, my brother, Daniel Wexler, a real estate broker for Call Realty who works in Fountain Hills, AZ sold a $821K home in McDowell Mountain Ranch. The buyer is from Winnipeg, Canada and has watched prices drop precipitously while renting here for the last five years. Finally, their dream home, which was $1.3MM only 3 years ago is being purchased for $821K; not bad !!

There are plenty of deals like this in the valley; If you know where to look, you can find premium real estate in the best zip codes of North Scottsdale, Paradise Valley and Fountain Hills at prices 50% off the highs these same homes sold for just 3 or 4 years ago.

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Copyright © 2010By James Wexler *Scottsdale Real Estate existing sales improvement*

Contact James Wexler (480) 221-8080 for all your Scottsdale AZ Real Estate needs.