https://www.facebook.com/274962232965133/

The Villages - David Dudzic - Success Property Brokers

Home
United States
Scottsdale, AZ
The Villages - David Dudzic - Success Property Brokers

In this part of town it's no simple matter to find a great place to call home for under $250K - but it is possible.

This page focuses on that and gives particular attention to The Villages - including new listings - recent solds - market analysis - "finds" - and yes, those not so compelling opportunities. It's all here - so grab a seat and follow along.

09/04/2019

In my last post I wondered aloud how low interest rates would go, and now three months later the answer is pretty darn low!
The average 30-year rate is between 3.5% - 3.625%, and if the trend continues, they will decrease even further.
We continue to be in a very strong market and price appreciation continues. Here are some of the latest charts from The Cromford Report, Bloomberg, and the Census Bureau,including a look at another source of our strong real estate market, domestic in-state migration from other states.
And here in The Villages, we are situated in close proximity to the tremendous amount of job creation occurring on the Salt River Indian Reservation. This is affecting demand.
If I can be of any help to you by providing targeted information related to your goals just let me know.
Thanks,
David

06/07/2019

Interest rates keep dropping and the market continues to strengthen.
After a bit of a lull this past winter it's just like 2018 - a super strong year. I see this trend continuing through the summer.
Here's the pictures in charts, with both the price per sq foot and contract ratio charts being dwelling type, zip code and price range specific. (IOW, pertinent to The Villages.)
Looking ahead: How low will interest rates go? And for how long?

03/28/2019

Quite a substantial drop in interest rates. Now 4.17%.
Also, the Cromford Market index is once again strengthening. Scottsdale is lagging but that will change shortly.
It's looking and feeling like the slowdown we've had since October has come to an end.
I see a strong market for the rest of spring into summer, but am cautious about the fall. The inversion in interest rates spells "Recession" by or around the end of the year. We'll see.

03/04/2019

The Villages Market Update – Spring 2019

In our last report in August 2018 the market was hot, hot, HOT. Due to high summertime demand, we were seeing a scarcity of inventory but at this time we also had noted a plateau in pricing.
*** Since then, two notable trends have merged: a continued and prolonged sideways movement with pricing, and a substantial drop in market activity – in terms of the number of new listings and properties sold. ***
This chart shows the monthly average price per square foot for closed sales in the Villages based on the most recent six-month average. This measure is a bit of a trailing indicator, but it helps smooth out month-to-month fluctuations that can occur due our community’s limited sample size.
The average sales price per square foot in the Villages has remained within a narrow channel, between $195 - $200 per square foot for the past 9 months. In the immediate preceding 9 months period (Aug 17 – May 18) the average price per sq ft rose $25. Clearly this is a break in the trend.
Stay tuned - the next post will look at sales activity here in this community. there has been big changes here, as well.

10/26/2018

OASIS IN THE DESERT - Price Reduced to just $285,000

** OPEN HOUSE - SATURDAY March 23rd from 1 - 5 PM **
Lovely end-unit properties like this rarely become available in the Villages and this spacious and meticulously maintained resdience is truly a winner. It is ideally located, thoughtfully updated, and exudes a true sense of peace and serenity.
This Property Offers:
* An open floor plan, split master bedrooms, soaring ceilings, wraparound deck, and a second balcony that's ideal for morning coffee.
* A charming kitchen with recessed lighting, ample cabinetry, newer appliances, pantry, and tiled back-splash.
* Numerous upgrades (too many to mention) such as energy efficient LOW-E sliding glass throughout, 2012 HVACs, and more.
* An amazing location with the pool, spa, walking trails, tennis/pickleball courts, and an expansive greenbelt with walking trails right at your door.
2 Bedrooms - 2 Baths | $285,000 | 1,435 Sq Ft + expansive outdoor balconies
9450 N 94th Place #206, Scottsdale, AZ, 85258. - Two Minutes from the 101 and Via Linda.
Please be sure to browse through the pictures, and if you like, stop on with your agent, or reach out to me at any time to arrange a private showing of this special property.

Thank you for your time!
- David
480-364-1837
[email protected]

10/06/2018

Villages Two - 2 bedrooms | 2 Baths | 1,283 square feet | $258,000
*** Open House Postponed to Sunday, October 14, from 12 PM - 4 PM, due to rain. Thanks!! ***
Hi friends, this is a nice one. There is probably no property in the Villages that is more closely situated with to shops, restaurants, and the greenbelt than this. This property also offers super convenient access to the 101 freeway.
The interior features a mostly open floor plan with a roomy 1,283 square feet and substantial updating is present. Please see the pics.) This property also enjoys a truly spacious and sprawling patio.
Ground floor properties tend to go quickly, especially as our winter visitors return. I recommend stopping for a look and enjoying a multitude of tasty chocolates while your'e here!
2 bedrooms | 2 Baths | 1,283 square feet | $258,000
9115 E Purdue Ave #101, Scottsdale, AZ 85258

And if you are not free Sunday afternoon reach out to me any time and I would be glad to arrange your own private showing at a time that works well for you.
Thanks for your time, everyone!
*** And special thanks to Gilbert Houseaux with Russ Lyon Sotheby's International Realty for permission to share the lovely photos and to host this open house! ***

09/11/2018

The Villages – End of Summer 2018 Market Report
In 2017 The Villages experienced substantial price appreciation and the question on people’s minds as we entered 2018 was, “Will it continue?” Well, with eight months under our belt, the answer is a clear and resounding “Yes!”
It was only last year when a list price of $200 per square foot raised eyebrows – and today it is nearly the norm with the trailing six-month average of $197 per square foot.
As we near the end of summer, the Villages is experiencing an acute shortage of listings. Currently there are just 3 (!!!) properties on the market in this 900+ condo community. I cannot recall the available inventory being so low.
I certainly expect the number of new listings to increase during the fall months, but the question is will it last and begin to build inventory, or will these new listings be snapped up allowing our shortage to remain? So far they are being snapped.
Please see this pair of charts and in my next post I'll offer a few thoughts on Buying or selling at this time and in this environment.
Thanks everyone!
David

06/02/2018

These charts tell the story of where we are with real estate in this immediate area so I won’t add many words.
This data is 85258 and 85260 specific, considers condos only, and includes a price range that is aligned with The Villages – and many other similar nearby communities.
In the next week or so I’ll post Villages-specific numbers and try to answer one key question: Will the market continue to rise? Or are we entering a plateau period with regards to pricing?

05/01/2018

New to Market: 2 Bedroom – 2 Bath – 1,157 Square feet - $225,000
Welcome to this warm and inviting condo in the sweet spot of Scottsdale! The great room is spacious and airy with vaulted ceilings soaring 19 feet. Both bedrooms are generous in size and enjoy access to a lovely balcony. New carpet and paint, recessed lighting, ceiling fans, granite and more make this an ideal place to call home.
The Villages community is refreshingly lush and green, with walking paths, eight heated pools, and three sets of tennis courts. This property is in a great location that provides easy walking access to shopping and the greenbelt. Last but not least, you'll have super quick and easy access to the 101 and a multitude of nearby dining, entertainment, and recreational attractions.
*** Join me here at an OPEN HOUSE this coming THURSDAY, May 3, from 12 PM – 4 PM and also SATURDAY, May 5, from 11 AM – 2 PM. ***
And while you're here you can avail yourself to copious amounts of chocolate, chilled water, and a voluminous selection of colorful charts and graphs with targeted market information.
9445 N 94TH PL #204, Scottsdale, AZ, 85258
Thanks for your time and I hope to see you there!
David

03/17/2018

Looking for sunshine? You’ll find it right here. This bright, open and airy 2 Bedroom – 2 Bath property has a MASSIVE deck that’s flooded with sunshine.
Key Takeaways: Second floor property with vaulted ceilings, end unit, plenty of natural light, a MASSIVE deck with a sun-filled southern exposure. Crisp and clean – new paint, carpet, and finishes throughout. And finally, a great location that connects your peaceful verdant surroundings to the 101 in less than two minutes.
Browse through the pictures – or better yet – join me at an OPEN HOUSE this coming Friday, he 23rd. You’ll be rewarded with a great property to see, copious amounts of chocolate, and Kirkland brand bottled water. : )
9430 E Mission Lane #201, Scottsdale, AZ 85258
$230,000 | 2 Bedroom – 2 Bath | 1,212 Square Feet (Under $190 per square foot)
OPEN HOUSE: Friday, March 23, 1 PM – 5 PM
And if you want your chocolate sooner : ) just give me a shout and I’ll arrange for your own private showing.
Thanks for your time everyone and hope to see you there!
~ David
*** Special thanks to Zhobin Jawanmardi of Keller Williams Realty Sonoran Living for permission to share these pictures and host these open houses! ***

03/16/2018

Interest Rates!
After an extended (30 Year) downward trend some are asking if “the bottom is in” and if we are now entering a new era with rising rates.
Certainly, rising rates have been warned about (Better buy now!!) for the past 5 years but this has failed to materialize. So far this year rates have risen about a half a percent, which in the Villages translates to an extra $60 - $70 per month based on a 20% and 5% down payment (respectively) for a $250,000 property with a 30-year mortgage.
Will rates continue to rise? Is this the change in tide that will lead to 5.5%, 6%, or higher rates?
I honestly don’t know. I never bought into the “rates were about to jump” bandwagon of recent years but this does feel a little different. Still, a part of me feels that with one big negative turn in the economy rates are going south. But the economy looks good right now, and in this area, very good. So we will have to see!
And as an aside, I see no evidence of rising rates having affected the demand side of the market. It still continues to be strong and there are too many Buyers seeking too few properties in our price point. At some point that will change. But when? And what will prices be at that time when compared with today?

Address

Scottsdale, AZ
85255

Telephone

+14803641837

Website

facebook.com

Alerts

Be the first to know and let us send you an email when The Villages - David Dudzic - Success Property Brokers posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to The Villages - David Dudzic - Success Property Brokers:

Shortcuts

Featured

Claire Ackerman Compass

Want your business to be the top-listed Realtor/realty Service in Scottsdale?