Here is an infographic of some real estate buyer and seller profiles of 2016 that I thought many people would find interesting.

scottsdale real estate buyers and sellers

Home Buyers

Age

Nothing really shocking to me about buyers.  It is interesting to see how the average age has changed since 1981.  I bought my first house in 1976 at the age of 22.  That house cost $18,000 and it didn't hit me at the time but instead of a 30-year mortgage, we were given a 10-year mortgage!  We were happy with our 10.5% interest rate.  I still drive past that house whenever I'm in the area.

Marital Status

I normally work with married couples but I do get single buyers.  In fact, I worked with a couple this past year (they never did buy, but that might be good) that had just started dating and I…

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Below is an infographic from the National Association of Realtors®

generational Scottsdale real estate trends 2016 infographic

As a baby boomer, I get confused about the generations that have followed me, so I'm going to list them:

  • The Lost Generation - born 1890-1915 - I don't remember this generation, but my grandparents were in it - both are gone
  • The Interbellum Generation - born 1901-1913 - I didn't realize generations could overlap
  • The Greatest Generation - 1910-1925 - more overlapping - my parents were in this one
  • The Silent Generation - 1923-1944 - my parents were also in this one
  • Baby Boomers - 1945-1964 - My husband and I are in this one
  • Generation X - 1961-1981 - My daughter & one son are in this generation
  • Generation Y - Millenials - Gen Next - 1975-1995 - more overlapping…

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happy family in front of their new scottsdale home

Prices and sales have dropped substantially since the real estate bust. Some areas like much of Florida, Las Vegas, NV, and Phoenix, AZ were hit hard, with more than 50% decreases in home values.  The amount of annual sales has also decreased.

California showed decreases and popped back the quickest. Many areas in the state are back to a seller's market with decreased inventory and buyers wanting to still get a good price at low interest rates.

Low inventory across the nation is causing multiple offers on well-priced properties. Even in the Greater Phoenix area, we're seeing multiple offers in lower price ranges, and the best-priced homes in most any price range can sell quickly. Below is an infographic created by Active Rain (an online…

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