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North Scottsdale, Cave Creek, Rio Verde, Real Estate Source

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Expert Witness Real Estate Arizona

March 28, 2016 by Arizona Top Realtor

Real Estate Expert Witness Arizona

 

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North Scottsdale Realtor

Real Estate Expert Witness Arizona.  Jeff McDowell, real estate expert witness, provides services expert witness services to plaintiff and defense counsel in the states of Arizona and Texas.

40 Years of ongoing real estate practice with areas of expertise such as:  Real Estate Rental Valuation, Real Estate Sales Valuation, (inclusive of raw land, developed land, commercial office, commercial retail, commercial medical and dental, commercial office warehouse and commercial land, and residential), Duty of Care.

Experience is inclusive of all facets of real estate expert witness topics with courtroom experience.

Much of the discussions I hold with legal counsel  involves “Duty of Care”.

The legal definition is:

duty of care

“n. a requirement that a person act toward others and the public with the watchfulness, attention, caution and prudence that a reasonable person in the circumstances would use. If a person’s actions do not meet this standard of care, then the acts are considered negligent, and any damages resulting may be claimed in a lawsuit for negligence.”

Arizona  Real Estate “Duty of Care” is addressed in ARIZONA REAL ESTATE RULES (Title 4, Chapter 28). Understand that a “REALTOR” is a member of the National Association of Realtors, and the National Association of Realtors has an additional layer of the CODE OF ETHICS, which members titled “Realtors”, subscribe and adhere to.  This additional layer contained in the  “Code of Ethics” addresses: Loyalty; Confidentiality; Disclosure; Obedience; Reasonable care and diligence; and Accounting.

Holding two active Real Estate Broker licenses, my continuing education is doubled, with each state requiring biannual “Continuing Education” requirements.

Resume of Experience Jeff McDowell

Qualifications

Licensed Real Estate Broker, State of Arizona Licensed Real Estate Broker, 2009-Present.  State of Texas– Licensed Real Estate Salesperson, 1978-1981.  Licensed Real Estate Broker, 1982-Present.

Realty One Group

Associate Broker Current

Scottsdale Arizona

 

Coldwell Banker Residential Brokerage

Associate Broker 2011-2019

Scottsdale Arizona

Relocation to Scottsdale, Arizona, 2009 to pursue market interests. Areas focused on include: Investment, Luxury, Equine Acreage

Wyndham Group, Inc.

President, Wyndham Group, Inc., College Station Texas 1986-Present

Management, administration, and sales/leasing/marketing of commercial and transitional development properties throughout Texas. The firm has from time to time, taken an active role in construction management of multi-family projects, commercial strip center developments, office buildings, off-warehouse development and medical facilities.

RE/Max Texas Heritage Realtors

Managing Member, B/CS Real Estate, L.C., dba RE/Max Texas Heritage Realtors, 1988-February 2009

RE/Max Texas Heritage Realtors was a full service real estate sales firm with 28 agents. Duties included management of the agents, and the oversight of support staff of the firm. Annual commissioned dollars passing through the firm averaged $4,000,000 annually. The firm was sold in February of 2009.

MWM Corporation

Principal, 1993-present

MWM Corporation is a development, construction and acquisition firm that has actively developed, owned and managed multi-family income producing properties and office warehouse facilities.

Southwood West

Managing Partner, 1992-present

Southwood West is a real estate acquisition and development partnership that actively owns and manages commercial income producing properties. Developments included office warehouse, offices, and strip center developments.

Metro Properties, Inc.

Managing Broker, 1985-1986, Metro Properties was a development/marketing/ management company responsible for the development and sales of condominiums, apartments, and commercial strip centers with sites in Texas, Georgia, Colorado, Oklahoma and Missouri.

Brazosland Realty Services Inc.

Broker Associate, 1981-1985. Specific duties included the packaging and marketing of condominium projects, site development and syndication of transitional properties in central Texas.

Green and Browne Real Estate

Sales Associate, 1978-1981, specific duties were residential and condominium sales in the College Station area.

Accreditation

Licensed Real Estate Broker, State of Arizona Licensed Real Estate Broker, State of Texas, 1982-Present Licensed Sales Associate, State of Texas, 1978-1981

Professional Associations

Member, National Association of Realtors Member, Arizona Association of Realtors Member, Texas Association of Realtors Member, Scottsdale Association of Realtors Member, Bryan-College Station Association of Realtors

Professional Association Experience

Texas Real Estate Political Action Committee, Trustee, 1986-92 Director, Texas Association of Realtors, 1986-9
President, Bryan-College Station Association of Realtors, 1991 President, Bryan-College Station MLS, 1986
Realtor of the Year, Bryan College Station Association of Realtors, 1983

Education

Texas A & M University, 1977-1980, partial completion of a Master’s Degree, College of Architecture, Construction Sciences

Texas A & M University, 1973-1977, Bachelor of Science Degree

Cost of Services

Services are provided on a “case by case” basis.  Courtroom costs are fixed at $500 per day for courtroom appearances.

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Arizona Real Estate Expert Witness

For Further Information and consulation, 623.262.0811, realtormcdowell@gmail.com  

Filed Under: Arizona Commercial Real Estate, Arizona Realtor, Cave Creek Arizona Commercial Real Estate, Chandler Arizona Commercial Real Estate, Fountain Hills Arizona Commercial Real Estate, Gilbert Arizona Commercial Real Estate, Mesa Arizona Commercial Real Estate, Scottsdale Arizona Commercial Real Estate, Tempe Arizona Commercial Real Estate Tagged With: arizona, cave creek, expert witness, Mesa, phoenix, Rio Verde Foothills, scottsdale, Tempe

North Scottsdale AZ 4 Bedroom Luxury Home with Casita under 1 Million

January 7, 2014 by Arizona Top Realtor

  • Experience Counts

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/estancia.jpg

    Experience Counts when purchasing Real Estate. 37 Years Continuous Service.

  • Jeff McDowell, Realtor

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/fams-shot.png

    Serving North Scottsdale, Cave Creek, North Phoenix, Rio Verde Foothills. Luxury, Golf Course, Homes, Land, Lots, Horse Property.

  • Listening Skills

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/active-listening.jpg

    Listening Skills are large part of the Real Estate Search

  • Diverse Background

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/briarcrest.png

    A Realtor with a diverse background is a huge asset to the process.

  • Complete Knowledge

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/pool-1.jpg

    Knowledge of Home Features and how they function is very important.

  • Differing Municipalities

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/front-4.jpg

    Knowledge of each Municipalities Rules are necessary.

  • Additionally, a Construction Background

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/carefree-1-mls.png

    As a developer, it was important to understand the clients needs.

  • Applying what you know.

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/golf-photo.png

    To Do it Well, You have to have Done it yourself.

  • Perfection...nothing less

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/horse-stop.png

    Doing it well, what you, the client expects and deserves.

  • Your choice.....

    https://www.jeffmcdowell.me/wp-content/uploads/slideshow-gallery/picture-full.jpg

    "Why deal with the rest when you can deal with the BEST!"

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North Scottsdale AZ 4 Bedroom Luxury Home with Casita under 1 Million

 

Scottsdale Arizona Luxury Casita

North Scottsdale 4 Bedroom Luxury Home with Casita under 1 Million in Rio Verde Foothills Arizona.  The southwest exudes in this masterpiece of a 5,600 square foot home in North Scottsdale Arizona.  Luxury at its best with a courtyard entrance.  Stunning Great Room with fireplace overlooked by a staircase that leads to a luxury master bedroom with a second story balcony overlooking Four Peaks Mountains and Tonto National Forest.

Chef’s Kitchen with a breakfast bar as well as a formal dining area easily accessible to the 2 story Great Room.

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All of this overlooking a spectacular covered patio area and pool with a water level grilling and serving area.

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Under 1 Million, this luxury home cannot be duplicated for under 1 Million Dollars.  Close to Rio Verde Country Club, Tonto Verde Country Club, Troon Golf Course, and Desert Mountain Golf Course, if you are a golfer, this is the place to be.

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Situated on 2.5 acres, there is privacy as well as room for Horse Facilities.

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Views

 

30316 N. 139th St
Scottsdale, AZ 85262
Scottsdale AZ 4 bedroom Luxury Home with Casita
Price:$985,000.00
Bedrooms:4
Bathrooms:5.00
Square Foot:5,686
Lot Size:108,900 sq.ft.
County:MARICOPA
Property Type:Single Family
Year Built:2007
MLS Number:5049612



click for more information and pictures
Property Description
Spectacular North Scottsdale Arizona, Rio Verde Foothills AZ, 4 Bedroom Luxury Home with Casita. Saltillo Tile, Courtyard Entrance, Casita, Pool, Luxury Master Suite with Balcony overlooking 4 Peaks. $985,000, Million Dollar Scottsdale Luxury Home under 1 Million.

This Plogging® (property blogging) is brought to you by an Agent Marketing Plogger®
Features List
• Casita• Courtyard• Under 1 Million
• 4 Bedroom• 2 Story• Luxury
• Mountain Views• 5 Bathrooms• 2.5 acres
• 5000+ Square Feet• Great Room• North Scottsdale
• Pool• Fireplace• Rio Verde Foothills
• Office• Breakfast Bar• Arizona
• Saltillo Tile•• 85262
Equal Housing Opportunity.

 

ARIZONA REAL ESTATE FOR SALE

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Arizona Real Estate | Cities

Search for  Scottsdale Arizona  Real Estate For Sale, Cave Creek Arizona Homes For Sale, Carefree Arizona Homes For Sale, Rio Verde Foothills Arizona Homes For Sale, North Phoenix Arizona Homes For Sale.

Access to all MLS Listings by city.

Free  Arizona MLS Search.  Start your Real Estate Search by City NOW or Search by zip codes, 85266, 85331, 85263, 85377, 85262, 85255.

As a 35 year + full time veteran of the REAL ESTATE Industry, I understand what it takes to not only find the Home, Lot, Land, of your dreams, but also how to negotiate the minefield of real estate transactions. Not only am I a veteran of the real estate industry, I also live in the area  I service.

An avid Golfer, Horseman and Baseball Fanatic, I know the pulse of the community. Todays buyer starts on the internet and spends an average of 5 months quietly perusing the information that is available.  As this area tends to be buyers from outside the area my internet presence is a huge attraction.

I regularly update my material and have additional pages that I maintain with up to date information on such platforms as  Coldwell Banker, Google+, Facebook, Blogger, Active Rain, EProperties, Trulia, Zillow, YouTube  , Tumblr and many others. Also, I have other sites that are specific to Property Types.  These are:

Search the Arizona Multiple Listing Service just like I do.  Search by Subdivisions, Zip Code, Price Range, Bedroom/Bath as well as, Golf Course Properties, Condos, Luxury Properties and Horse Properties. Free MLS Search |Real Estate |Scottsdale |Cave Creek |Carefree |Rio Verde |Rio Verde Foothills |AZ

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Jeff McDowell, North Scottsdale Realtor 623.262.0811 EMAIL ME

By Jeff McDowell

Filed Under: 85262 |North |Scottsdale |Homes, Arizona Commercial Real Estate, Arizona Residential Real Estate, Best North Scottsdale Realtor, Best Rio Verde Realtor, Land, Luxury Home, North Scottsdale Arizona Real Estate, North Scottsdale Arizona Realtor, North Scottsdale |4 Bedroom, Rio Verde Arizona, Rio Verde Arizona Realtor, Scottsdale Arizona Real Estate, Scottsdale Luxury Home |Casita, Top North Scottsdale Realtor, Top Rio Verde Realtor Tagged With: 4 Bedroom, luxury, real estate, scottsdale

North Scottsdale 85262 85263 Real Estate Home Sales Trends 2013

December 12, 2013 by Arizona Top Realtor

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North Scottsdale 85262 85263 Real Estate Home Sales Trends 2013

85266 homes for sale, north scottsdale homes for sale

North Scottsdale Homes Sales

North Scottsdale November Homes Real Estate sales were 58, down -24.7% from 77 in November of 2012 and 20.8% higher than the 48 sales last month. November 2013 sales were at a mid level compared to November of 2012 and 2011. November YTD sales of 812 are running -0.9% behind last year’s year-to-date sales of 819.

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North Scottsdale Homes Prices

The Median Sales Price in November of North Scottsdale Homes was $679,500, up 29.3% from $525,500 in November of 2012 and down -7.4% from $734,000 last month. The Average Sales Price in November was $745,389, up 1.2% from $736,602 in November of 2012 and down -33.9% from $1,127,533 last month. November 2013 ASP was at highest level compared to November of 2012 and 2011.

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North Scottsdale Homes Inventory & MSI

The Total Inventory of North Scottsdale Homes  available for sale as of November was 638, up 5.3% from 606 last month and up 11.5% from 572 in November of last year. November 2013 Inventory was at a mid range compared to November of 2012 and 2011.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2013 MSI of 11.0 months was at a mid range compared with November of 2012 and 2011.

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North Scottsdale Homes Market Times

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for November was 95, down -13.6% from 110 days last month and up 2.2% from 93 days in November of last year. The November 2013 DOM was at a mid range compared with November of 2012 and 2011.

85262 homes average days on market,85266 homes average days on market

North Scottsdale Homes Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The November 2013 Selling Price per Square Foot of North Scottsdale Homes was $218 which was  down -17.1% from $263 last month and up 4.3% from $209 in November of last year.

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North Scottsdale Homes Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The November 2013 Selling Price vs List Price of North Scottsdale Homes was 95.8% which was up from 95.7% last month and up from 95.4% in November of last year.

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North Scottsdale Homes Inventory / New Listings / Sales

‘This last view of the market combines monthly inventory of North Scottsdale Homes  for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2013 was 122, down -34.1% from 185 last month and up 15.1% from 106 in November of last year.

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Note that in this report it reflects two zip codes in North Scottsdale.  While Properties are similar throughout the two zip codes properties differ significantly from area to area within the zip codes.  For example, zip code 85262 will include golf course communities with higher values per square foot than outlying areas on the eastern side of zip code 85262.  Average sold prices will differ between these area due to amenities affecting the property.  To fully evaluate an individual property it will be necessary to look at the specific factors of a given area.

 

Want More Information on North Scottsdale, 85262, 85266, Homes For Sale, Luxury Homes For Sale, Golf Course Homes For Sale?

ARIZONA REAL ESTATE FOR SALE

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Free  Arizona MLS Search.  Start your Real Estate Search by City NOW or Search by zip codes, 85266, 85331, 85263, 85377, 85262, 85255.

As a 35 year + full time veteran of the REAL ESTATE Industry, I understand what it takes to not only find the Home, Lot, Land, of your dreams, but also how to negotiate the minefield of real estate transactions. Not only am I a veteran of the real estate industry, I also live in the area  I service.

An avid Golfer, Horseman and Baseball Fanatic, I know the pulse of the community. Todays buyer starts on the internet and spends an average of 5 months quietly perusing the information that is available.  As this area tends to be buyers from outside the area my internet presence is a huge attraction.

I regularly update my material and have additional pages that I maintain with up to date information on such platforms as  Coldwell Banker, Google+, Facebook, Blogger, Active Rain, EProperties, Trulia, Zillow, YouTube  , Tumblr and many others. Also, I have other sites that are specific to Property Types.  These are:

Search the Arizona Multiple Listing Service just like I do.  Search by Subdivisions, Zip Code, Price Range, Bedroom/Bath as well as, Golf Course Properties, Condos, Luxury Properties and Horse Properties. Free MLS Search |Real Estate |Scottsdale |Cave Creek |Carefree |Rio Verde |Rio Verde Foothills |AZ

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Direct Link to the North Scottsdale MLS to search for homes in the specific bedroom, size or price category. You can also perform a custom search by clicking on the link to a custom search at the bottom of the column.
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Search for MLS homes in specific subdivisions by Bedroom and Price Ranges. Click on any link to be taken to an Scottsdale MLS Search Page. To perform a custom search, click on the custom search link at the bottom of the column.
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Free MLS Search all Scottsdale Arizona Golf Course Homes For Sale. Search by Listing Price, Square Footage, all Scottsdale Arizona Golf Course Homes For Sale. Just click on any link to be taken to Scottsdale Golf Course Homes For Sale Links to the Realtor MLS.
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Free MLS Search all Cave Creek Arizona Subdivisions Homes For Sale. Search the MLS Like a Realtor. Click on any link to be taken to a special Realtor MLS Search Page to "Search Like Realtor".
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Commercial Real Estate For Sale

Scottsdale, Phoenix, Tempe, Chandler, Gilbert, Mesa, Fountain Hills, Scottsdale, Cave Creek, Carefree, Arizona.  Search all Commercial Real Estate For Sale.  Search Office, Office Warehouse, Warehouse, Medical, Dental, Retail, Commercial Land For Sale.

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Jeff McDowell, North Scottsdale Realtor 623.262.0811 EMAIL ME

By Jeff McDowell

© 2013 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

Based on information from Arizona Regional MLS, Inc. for the period 10/30/1999 through 11/30/2013. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

By Jeff McDowell

Filed Under: 85262 |North |Scottsdale |Homes, Arizona Residential Real Estate, North Scottsdale Arizona Real Estate Tagged With: 4 Bedroom, 5 Bedroom, 85262, 85263, Golf Course, house, scottsdale

3 Bedroom | 2 Bath | 85260 | Scottsdale Home

November 11, 2013 by Arizona Top Realtor

3 Bedroom | 2 Bath | 85260 | Scottsdale 

Undeniably Adorable! Embrace the Scottsdale lifestyle you deserve, walk to parks, schools, and shopping. Lovingly maintained, immaculate home has everything you are searching for…and more. Sun lit, open floor plan features new paint in LR/DR, Kitchen and Bonus Room, Master Bedroom. We have the best builder bonus options; two over sized bedrooms and two walk-in closets. Third bedroom can be used as an office or study. Outdoor living space is a cozy blend of serenity and comfort, perfect for morning coffee and sunset relaxation on your expansive, covered patio. Fig and citrus trees are ready for your culinary delights. This is where home begins.


8947 E PALM RIDGE Drive
Scottsdale, AZ 85260
3 Bedroom | 2 Bath | Scottsdale | 85260
Price:$378,000.00
Bedrooms:3
Bathrooms:2.00
Square Foot:1,901
County:Maricopa
Property Type:Single Family
Year Built:1992
MLS Number:5009338



click for more information and pictures
Property Description
Undeniably Adorable! Embrace the Scottsdale lifestyle you deserve, walk to parks, schools, and shopping. Lovingly maintained, immaculate home has everything you are searching for…and more. Sun lit, open floor plan features new paint in LR/DR, Kitchen and Bonus Room, Master Bedroom. We have the best builder bonus options; two over sized bedrooms and two walk-in closets. Third bedroom can be used as an office or study. Outdoor living space is a cozy blend of serenity and comfort, perfect for morning coffee and sunset relaxation on your expansive, covered patio. Fig and citrus trees are ready for your culinary delights. This is where home begins.

Features List
• 3 Bedroom• 2 bath• bonus room
• open floor plan• oversized bedrooms• study
• 85260• scottsdale• eagle point
• pool
Equal Housing Opportunity.

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Search for Real Estate in Scottsdale, Cave Creek, Carefree, Rio Verde Foothills, North Phoenix.  Access to all MLS Listings by city.  Free MLS Search.  Start your Real Estate Search by City NOW!

As a 35 year + full time veteran of the REAL ESTATE Industry, I understand what it takes to not only find the Home, Lot, Land, of your dreams, but also how to negotiate the minefield of real estate transactions.

Not only am I a veteran of the real estate industry, I also live in the area  I service.  An avid Golfer, Horseman and Baseball Fanatic, I know the pulse of the community.

Todays buyer starts on the internet and spends an average of 5 months quietly perusing the information that is available.  As this area tends to be buyers from outside the area my internet presence is a huge attraction.  I regularly update my material and have additional pages that I maintain with up to date information on such platforms as  Coldwell Banker, Google+, Facebook, Blogger, Active Rain, EProperties, Trulia, Zillow, YouTube  and many others.

Also, I have other sites that are specific to Property Types.  These  Real Estate Search Sites are the most complete, comprehensive, and free Scottsdale | Cave Creek | Carefree | Rio Verde | Real Estate Search Sites, you will find anywhere in the valley….I Promise, just click on a picture to be taken to a site dedicated to providing you with all the information you will need to purchase real estate.

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Call, text or email for a free market analysis of your existing property.  Not only do I work with buyers, I also know how to market your real estate in the most efficient manner to achieve the results you want and expect.

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By:  Jeff McDowell

[lastupdated]

by Jeff McDowell

Filed Under: 85260 |North |Scottsdale |Homes, Arizona Commercial Real Estate, Arizona Residential Real Estate, North Scottsdale Arizona Real Estate, North Scottsdale |3 Bedroom |Home Tagged With: 85260 |North |Scottsdale |Homes, pool, scottsdale

Home Sales Prices 85262

June 30, 2013 by Arizona Top Realtor

Home Sales Prices 85262

Home Sales Prices 85262. Home  Price Sales Statistics for Zip Code 85262 North Scottsdale have been on the move in the past 12 months.

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Top Realtor in, North Scottsdale, Cave Creek, Carefree, AZ

Over this period of time, we have seen a rise in sold dollar volume  in 85262 during the month of May 2013 in comparison to the same time period in 2013 with   an increase of  13%, while the average sold price dropped by 10%.  The volume of sales was 25% higher than 2012 while the average days on the market decreased by 43%. The overall sales price to list price increased from 89.4% in 2012 to 92.1% in during the same time period in 2013 representing a 3% increase suggesting home buyer acceptance of pricing in North Scottsdale.

The listing inventory shows a slight change, but this is not we are experiencing  with eyes and ears on the ground.  We, in the real estate community are experiencing a shortage of listings and an increase in demand.

Cash Sales represented 50% of the sales.  This has come about as multiple offers are again the norm.  Seller’s prefer a cash offer to a financed offer contingent upon financing.

There seems to be a trend in the same time period for purchasers having more interest in 3 bedroom homes over 4 bedrooms during the same time period.  Much of this trend has to do with the home buyer pricing point being in the $300,000 to $500,000 range.

Want to more about the home market trends for zip code 85262?  Give me a call.

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As a 35 year + full time veteran of the REAL ESTATE Industry, I understand what it takes to not only find the Home, Lot, Land, of your dreams, but also how to negotiate the minefield of real estate transactions. Not only am I a veteran of the real estate industry, I also live in the area  I service.

An avid Golfer, Horseman and Baseball Fanatic, I know the pulse of the community. Todays buyer starts on the internet and spends an average of 5 months quietly perusing the information that is available.  As this area tends to be buyers from outside the area my internet presence is a huge attraction.

I regularly update my material and have additional pages that I maintain with up to date information on such platforms as  Coldwell Banker, Google+, Facebook, Blogger, Active Rain, EProperties, Trulia, Zillow, YouTube  , Tumblr and many others. Also, I have other sites that are specific to Property Types.  These are:

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Jeff McDowell, North Scottsdale Realtor 623.262.0811 EMAIL ME

By Jeff McDowell

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by rel=”author”>Jeff McDowell

Filed Under: 85262 |North |Scottsdale |Homes, Arizona Land, Luxury Home, North Scottsdale Arizona Real Estate, North Scottsdale Land, North Scottsdale |3 Bedroom |Home, North Scottsdale |4 Bedroom, North Scottsdale |5 Bedroom, North Scottsdale |Acreage Tagged With: county island, Golf Course, house in, scottsdale

Cash Discounts in Purchasing Real Estate

April 5, 2013 by Arizona Top Realtor

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CASH DISCOUNTS IN PURCHASING REAL ESTATE

Cash Discounts in Purchasing Real Estate.  Sales prices for homes, land and condominiums in the areas of Scottsdale, Cave Creek, Carefree, Rio Verde Foothills and Unincorporated Maricopa County Arizona utilizing cash discounts in purchasing real estate show some discrepancies.

Real Estate Appraisers can be the good guys and the bad guys when it comes to appraising real estate homes and land under contract.  Their method of determining market values for appraised properties is based upon historical data.  Short and simple, they look to past sales, compare the features of the sold properties versus the property they are appraising and determine a value based upon “adjustments” to bring the properties in line with each other.

Specifically, in the area of Arizona known as “Rio Verde Foothills“, which will also include descriptive terms such as “County Island” and “Unincorporated Maricopa County” the available inventory of properties actively on the market for sale is limited.  In the area known as “Rio Verde Foothills” there are 39 active listings on the market as of this publish.

This area encompasses roughly 10,000 acres of land and is bounded by the Tonto National Forest to the North and the east, McDowell Mountain Regional Park to the south and Scottsdale to the west.  From above, you can see that prices range from a low of $329,000 to a high of $6,200,000.  The area is in high demand due to the spectacular views of Four Peaks……and the high desert rural settings.  Tracts typically are 1.25 acres and up.

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Early Morning over 4 Peaks

 

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Active Listings Rio Verde Foothills aka Unincorporated Maricopa County

 

Sales of homes in the area of Rio Verde Foothills or Unincorporated Maricopa County have been steady when there is available inventory for sale.  Out of state winter residents love to come to this area.

Total sales in the past 6 months for this area are shown below:

 

Sold homes in Rio Verde Foothills, cave creek, carefree, scottsdale, unincorporated maricopa county
Total 6 months Sales of Homes

First, what we see is 56 sales for this area in the previous 6 month period  and there are 39 properties for sale presently.  The low sales price was $150,000 with a sales price of $71.40 per square foot and the high sales price being $2,200,000 at a price of $434.78 per square foot.  Likely, the $434.78 psf sales price included  extra land and structures.  The average sales price based upon these sales was $156.81.

 

Breaking this down further we find that of those 56 sales, 39 used some form of financing with an average sales price  of $500,562, the lowest sale being $219,500 and the highest  being $2,200,000 with an overall average price per square foot sales price of $155.62.

 

Scottsdale, Carefree, Cave Creek, Rio Verde Foothills, Arizona, Unincorporated Maricopa County
Financed Sales

 

Looking at the data from Cash Sales Only, we find that there were 17 sales, the lowest sales price being $150,000, the highest sales price being  $897,000, an average sales price of $455,959 and an average sales price of $141.79

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Cash Sales

Performing an appraisal is much more specific than just searching for averages and applying  that number across the board.  However, what we do see is that there is a significant difference between the average sales price per square foot of  single family homes in the area known as “Rio Verde Foothills” which is also referred to as “Unincorporated Maricopa County“.

Another interesting part is the percentage of  “Cash Sales“.  Cash sales represent 19% of the overall sales, or 1/5th of the overall total sales.  More importantly, with this overall analysis, we see a discount factor of  approximately 9% for a cash versus financed sale.

In the market conditions we are presently in, cash is king, which is evidenced by the discount factor seller’s are willing to take for the added insurance that a sale will occur as loan qualification  adds to the closing time and the uncertainty of final approval.

I am asked often by sellers what discount factor is applicable for a cash sale.  This cursory study indicates that a 9% discount factor is the average for homes in the Rio Verde Foothills area, also known as Unincorporated Maricopa County.

It is interesting to note that since this is an “overall analysis of cash sales price discount factor” for  single family homes in this area it is very general.  I have also reviewed specific price sets or square footage sets  of homes and compared the analysis resulting in “Cash Sales” actually being higher per square foot than “Financed Sales”.

What do we know from this?….that you should seek the help of  a Realtor proficient in digging deeper into the numbers and trends of the market than simply running a general overall analysis and placing a sign in the yard.  I know just the person….give me a call…623.262.0811 or email me at Jeff McDowell.

Search the Arizona Multiple Listing Service just like I do.  Search by Subdivisions, Zip Code, Price Range, Bedroom/Bath as well as, Golf Course Properties, Condos, Luxury Properties and Horse Properties. Free MLS Search |Real Estate |Scottsdale |Cave Creek |Carefree |Rio Verde |Rio Verde Foothills |AZ

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Jeff McDowell, North Scottsdale Realtor 623.262.0811 EMAIL ME

By Jeff McDowell

[lastupdated]

by Jeff McDowell

Filed Under: 3 Bedroom Home, 4 Bedroom, 5 Bedroom, 85255 |North Scottsdale |Homes, 85262 |North |Scottsdale |Homes, 85266 |North |Scottsdale |Homes, 85331| Home, 85377 |Home, Arizona Land, Arizona Realtor, Arizona Residential Real Estate, Best Carefree Realtor, Best Cave Creek Realtor, Best North Scottsdale Realtor, Best Phoenix Realtor, Best Rio Verde Realtor, Carefree Arizona Real Estate, Carefree Land, Carefree Luxury Home, Carefree Realtor, Carefree |Land |Lots |Golf Course, Cave Creek Land, Cave Creek Realtor, Cave Creek |3 Bedroom, Cave Creek |5 Bedroom, Cave Creek |6 Bedroom, Cave Creek |Golf Course |Home, Cave Creek |Luxury, Cave Creek| 4 Bedroom, Cave Creek| Lots, Golf Course, Homes, Land, Lots, Luxury Home, North Phoenix Arizona Real Estate, North Phoenix Land, North Phoenix |3 Bedroom, North Phoenix |4 Bedroom, North Phoenix |Golf Course |Home, North Phoenix |Horse |Property, North Phoenix |Lots, North Phoenix |Luxury |Home, North Phoenix| 5 Bedroom, North Scottsdale Arizona Real Estate, North Scottsdale Arizona Realtor, North Scottsdale Land, North Scottsdale |3 Bedroom |Home, North Scottsdale |4 Bedroom, North Scottsdale |5 Bedroom, North Scottsdale |6 Bedroom |Homes, North Scottsdale |Acreage, North Scottsdale |Golf Course |Home, Phoenix Realtor, Rio Verde Arizona, Rio Verde Arizona Realtor, Scottsdale Arizona Real Estate, Top Carefree Realtor, Top Cave Creek Realtor, Top North Scottsdale Realtor, Top Phoenix Realtor, Top Rio Verde Realtor Tagged With: 85266, 85331, acreage, cave creek, county island, golf, Golf Course, horse, house, luxury, mountain, phoenix, reo, scottsdale, unincorporated maricopa county, water, well

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