2025 is up and running. We are a quarter way through the 21st century. Wow.

Mortgage rates have floated back above 7% for 30 year fixed. According to FRED.

Arizona real estate will be looking at the impact of these rates, California wild fires, new administration and more. Let's get to it :-)

Just Listed | Mountain views in Windgate Ranch

Welcome to your dream home in the highly sought-after guard-gated community of Windgate Ranch, Scottsdale Arizona! This stunning home is situated on a premium lot with breathtaking, unobstructed views of the majestic McDowell Mountains. Don't miss this opportunity, make this exceptional property your NEW home!

4,790 Square Feet | 5 Bedrooms | 4.5 Baths | 3 Car garage | 12,567 Square Foot Lot

WHERE: 18391 N 97th Place, Scottsdale 85255
ASK: $3,1950,000
MLS: https://www.flexmls.com/link.html?1wet94z1l1rn,12,1

Just Sold | Grayhawk | $1,550,000

We are so happy for dear clients that just sold their home in guard gated Raptor Retreat in Grayhawk.

WHERE: 8146 E Wing Shadow Rd
SOLD: $1,550,000
MLS: https://www.flexmls.com/link.html?1wet95xrrebu,12,1

Off Market Properties

We continue to have a lot of off market properties, Priced from $1,500,000 to over $15,000,000. Most of these properties are ones the owners wish to sell but not yet listing on MLS.

Areas of town are mainly Paradise Valley & North Scottsdale. Mountainside homes, golf communities etc. Paradise Valley Views, Silverleaf, DC Ranch & Mirabel Club. Reach out if your looking but can't find anything on the MLS. Marta - 480-274-5710

Market Stats

Here is our latest table of Cromford® Market Index values for the single-family markets in the 17 largest cities

The market situation is looking less positive than last week. We now have twice as many cities that have deteriorated for sellers over the past month with Avondale and Buckeye joining Maricopa and Surprise. We still have 13 cities that have shown improvement over the past month, but most of that improvement happened in the last 2 weeks of December and the January situation has been less favorable for sellers.

The average change in CMI over the past month is +8.7% while last week we saw +10.4%. The CMI appears to have has peaked and turned around and is now started on a falling trend.

There are still plenty of cities showing double figure percentage improvements - Paradise Valley, Gilbert, Tempe, Mesa, Peoria, Scottsdale, Goodyear and Glendale and all in that happy group. But this is because December 16 to January 2 saw a large fall in supply and this is now in the process of being reversed. Some of these improving cities even saw their CMI drop over the last week, including Fountain Hills, Paradise Valley and Cave Creek. This is not a good look for mid January.

Buyers at the lower end of the market are not enjoying mortgage rates over 7% at all. It it noticeable that the top of the table is populated by more expensive cities while most of those with more affordable prices are languishing at the bottom of the table.

Our take

The higher end still is far less effected by interest rates. Market sentiment can move fast and anticipating strong demand to soak up the increased inventory as we head into the best selling months. California buyers could be the wild card this year.

For a super deep dive on what is driving the luxury real estate market here is the 2025 Sotheby's International Realty Market Outlook.

Interiors

New guest Cabana at Colony Hotel Palm beach. Interesting vibe.

5 Trends Making a Comeback in 2025

In The Neighborhood

Axon development latest.

Barrett-Jackson economic impact.

Snow in Phoenix?

Rundown of all the big Scottsdale developments in 2025.
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That's it folks. Hope your year is off to a great start!