Ladies and Gentlemen…Start your engines!

It’s that most wonderful time of the year in Scottsdale, Arizona for car enthusiast. With three major collector auto auctions taking place, there is something for every motor head. Barrett-Jackson is the largest of the three and includes a large array of cars, trucks, utility vehicles, celebrity owned cars and yes, even airplanes. The event has grown over the years from a 3 day event to a 9 day car auction marathon. Don’t be fooled by all the exhaust fumes and testosterone in the tent. You can find some fantastic shopping in the lifestyle pavilion as well. Of course the people watching and celebrity sightings are worth the price of admission.

If you are more of a muscle car enthusiast, then you should definitely check out the Russo and Steele Auction. It is a smaller venue. So if you do not like large crowds and still would love to see some fabulous cars, Russo and Steele is the place to go.

Perhaps you are more interested in rare classics and exotics? Then head down to Scottsdale Fashion Square to the Gooding and Company Auction. Guys, if your wife or girlfriend is not into cars, this is a win-win. You check out the cars while she shops at the mall. At the end of the day the two of you can enjoy a relaxing dinner at one of the many fine restaurants in Old Town.

For more information on the car auctions, just click on the links below. See you there!
Barrett-Jackson January 13-20
Russo and Steele January 16-20
Gooding & Company January 18 and 19

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October Residential Resale Numbers

October continued the trend where Short Sales are still on average, cheaper per square foot than REO’S in all but 4 cities in Maricopa County for the 4th straight month! The overall market increased in closings with 6,236 in Maricopa County. That’s an increase of about 400 sales. REO properties closed 752 at 12% and Short Sales closed 1,671 at 27% with 3,815 being normal at 61%. Pending Inventory has 1,211 REO’s at 9% and 4,904 Normal at 35% and the slowly dwindling 7,787 Short Sales at 56%. Active inventory continues to increase slightly to 13,693 listings with 1,219 REO’S at 9% and 1025 short sales at 7% and 11,451 normal listings at 83%. That’s another monthly increase of over 1,000 homes for the second straight month!

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Out and About in Scottsdale, AZ

The temperatures have finally dropped below 100 degrees and the winter visitors have begun to arrive in Arizona.  The fall and winter months are by far, the BEST time to be in Arizona.  It feels wonderful to call a day with a high of 76 degrees “a bit chilly”.  Along with comfortable temperatures, sunshine and winter visitors comes an enormous banquet of fun and interesting events.

Scottsdale’s Fashion week has wrapped up. The World Cynopsort Games, an extreme sports event for dogs, had an incredible 5 day run at WestWorld.  Dogs from all over the world came together with their owners for one of the most prestigious dog events for dog athletes.   Next cool event is the Good Guys Car Show this week.  Beginning on Thursday, Nov. 19 until Saturday, Nov. 21, Hot Rod enthusiast from around the nation will converge at WestWorld in Scottsdale for the Southwest Nationals. For details, click on this link http://www.good-guys.com/events/eventdetails.aspx?eventid=09-629.

As always, when visitors come to Scottsdale they fall in love with our fantastic weather and lifestyle. It is not only busy time for events, golf and restaurants, but also for real estate.  The pace of home sales has picked up and well as some prices.  Homes under $500,000 have begun to see price increases in the last 4 months.  If you are thinking of buying now is the time to make it happen.  Interest rates are at an all time low and prices have come down 30%.  Arizona is hot and on sale.  Hope to see you here soon.

Real estate is a conversation…let’s talk!

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