Bill Gates’ real estate group just made a large investment in the northwest corridor of Phoenix Metro to the tune of $80 million for a swath of land covering 25,000 acres for future development of a “smart city”. This has spawned great local, regional, and national interest in the great state of Arizona. In-fill projects, new development, and remodel activity continues to be strong for Phoenix Metro with an emphasis on market areas close to infrastructure. Design styles trends are shifting toward a more outdoor/indoor or “lanai” living concept whereby the fenestration or natural light of larger windows and doors invite the occupants to enjoy the outdoor experience. Recent construction also has skewed toward walls or arcadia doors that pivot or slide completely open to the outside living areas.
The current median home price for the city of Scottsdale is $572,914, up from the previous year’s price of $528,689. There were 700 total sales last month, a slight increase. The average number of days on market was 89, remaining steady month-over-month.
Andrew Turley – Phoenix, AZ
Andrew Turley has been an appraiser in Maricopa/Penal area of Phoenix for 15 years. As an appraiser Andrew has an overarching goal; to produce and share accurate data within the real estate/lending industry to ensure he is doing his part in stabilizing the economy in regards to residential property values. His reputation for producing extremely thorough and accurate property assessments has led to Andrew being asked to direct and manage a national fraud and loss mitigation review project, provide expert witness legal testimony in Federal Bankruptcy Courts, and to appraise and consult on the three of the highest-assessed and valued residential properties in all of Arizona