Home » Real Estate Articles » Capital Realty Forecasts Real Estate Values for Ancala in Scottsdale, AZ
Capital Realty Forecasts Real Estate Values for Ancala in Scottsdale, AZ
Capital Realty evaluates the real estate market in the Luxury Community of Ancala in Scottsdale with an in depth look at sales figures in the last decade and where values have been, where they are currently, and where they are going.
SCOTTSDALE, AZ, August 13, 2011 /Real Estate PR News/ -- Chad Tornabeni, with Capital Realty, a Scottsdale based residential real estate company, and creator of the Scottsdale Community Price Index "SCPI", has revealed its latest index, forecasting real estate values for Ancala, the luxury community in central Scottsdale. Home to some of Scottsdale most Elite Residents, Ancala saw real estate values increase dramitcally during the boom before peaking in 2006. Since the park real estate values in Anacla, and the rest of Scottsdale have plummeted until recently where values seem to be stablizing.
So as the market stablizes in Ancala, and the rest of Scottsdale, Luxury Communities begin thier slow and long rebound, with a close eye on interst rates and the economy as a whole which will inevitable have a profound effect on future values. Chad Tornabeni with Capital Realty has developed a Price Index ("SCPI") that hopes to evaluate key real estate data specific to each Luxury Scottsdale Community and get a clearer picture of where the market has been, where it is now and where it is headed.
Inside the Numbers in Ancala
When evaluating the Scottsdale Community Price Index, the home values in Ancala in Scottsdale came in 7.01% lower in Q2 of 2012 when compared to Q1 and decreased 13.92% thru the same period a year ago.
Chad says "The average home has sold in Ancala in 2011 for approximately $1.16 million compared to an average value of $1.24 million in 2010. However, this is still an increase over the 2009 year end average of $1.10 million but far from the peak in 2006 at $1.58 million."
Thus far there are 18 recorded sales in Ancala in 2011 and sales prices as a percentage of the original list price remained at 91.12% of original list price which is slightly lower then year end 2010 at 91.70%. This may show that sellers have continued flexibility in the price they are willing to accept to get a deal done.
When you compare sales to the past few years, the current level of sales activity is higher than in previous years but still falls way short of the peak number of 49 sales recorded in 2006. Nonetheless, sales activity in Ancala as measured by the number of transactions appears to be gaining some momentum despite the general decrease in real estate values.
Chad goes on to say "The facts are that the home values in the last 10 years in Ancala have appreciated by just under 6% and the last couple of years the number of sales per a year is returning to pre-bubble numbers. Ancala seems to be stabilizing and by the end of the year should be at or near the bottom."
Capital Realty offers professional real estate service and expertise primarily on residential Real Estate serving the Scottsdale and Greater Phoenix Area. For more information on the Scottsdale Community Price Index or on finding Real Estate for Sale in Scottsdale contact Chad Tornabeni with Capital Realty at 602-708-0296 or visit http://selling2arizona.com online.
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com |
|
|
Press Release Contact Information:
Chad Tornabeni
Capital Realty
Realtor
8155 E Indian Bend Rd. Ste 101
Scottsdale, Arizona
United States 85250
Voice: 480-990-3465
Website: Visit Our Website |
|
|
|
|
| REAL ESTATE ARCHIVE SEARCH |
|
|
| |
|
|
Advertise With Us |
About Us |
Contact Us