eAppraisal Company

Wishing everyone a safe and Happy 4th of July with your friends, family and loved ones!

-Jeff, Christina, Christian, Joey, Jeni & Bronwyn

Appraising in Arizona can be HOT! Even when the market isn’t, but one of the hottest real estate markets this year is in Scottsdale. Its beautiful desert and mountain views provide the perfect backdrop for some of the most stunning homes!
No wonder Frank Lloyd Wright found it to be the perfect place to build some of his masterpieces! It all began after visiting Arizona in 1928 to consult on building the Arizona Biltmore and in 1937 he built Taliesin West, his winter home. (Pictured top)
Here are some recent stats for Scottsdale’s real estate market and a fun fact!
The average home value in Scottsdale stands at $823,008, marking a 5.7%increase over the past year. Homes typically go pending in approximately 29 days.
FUN FACT: Scottsdale’s original name chosen by founder Winfield Scott was Orangedale because of being known for its citrus fruits, but it was officially changed to Scottsdale in honor of its founder.

As we commemorate Memorial Day, we honor the brave men and women who have made the ultimate sacrifice in service to our country. We express our gratitude and appreciation for their selfless dedication and unwavering commitment to protect our freedom.

As appraisers we are always analyzing market data and gathering knowledge of our market areas. I had the opportunity recently to tour the Sun City Museum to gain some additional insight and it was so fun to learn the history of how Del Webb created a “Community that changed a nation!” What a wonderful experience to step back in time and view housing in 1960!

The 860 sf “Kentworth” model sold for $8500 with optional upgrades of a golf course lot $1250 and air conditioning $600...
that’s a total sale price of $10,350! WOW!

Here’s a fun fact!
All the Del Webb homes built south of Grand Ave were built with concrete block construction however when a supply shortage for concrete blocks hit, Del Webb made a decision to shift construction methods to avoid delays in construction and all the homes built north of Grand Ave were then built with frame wood.
To learn more visit their website.

https://lnkd.in/gSWj4BJj

As we enjoy the beautiful spring in Phoenix, it’s time for the 1st quarter housing market round up.
As reported by Freddie Mac, the 30-year FRM averaged 6.88%as of April 11, 2024. Historically, ARMLS reports the highest yearly total for accepted contracts in the 30- day window between late March and late April. As of 04/19/2024 rates have jumped to over 7% again. March was our highest number of sales since June of last year.
Now as we move through the 2nd quarter we will see if the increase in pending sales continues with the possibility of higher interest rates for longer.
Happy Friday!

As appraisers we are able to step into so many different types of properties from high rises to custom-built new constructions and even historic homes with so many priceless features!
A little bit of trivia, the oldest known structure in Phoenix is the Duppa Homestead built around 1870, located at 115 W Sherman St (pictured top left). Read all about it's history!
https://www.hmdb.org/m.asp?m=113927

Happy President’s Day!

Happy MLK Day!

Our newest logo celebrating over 25 years in business! Thanks again to everyone who made this milestone possible!

What will the market do this year?
In a recent article, “the NAR predicts 4.71 million existing-home sales in 2024, up 13.5% from 4.1 million anticipated in 2023”

NAR Forecasts 4.71 Million Existing-Home Sales, Improved Outlook for Home Buyers in 2024 Annual median home prices are expected to remain largely unchanged at the national level in 2024, for the second straight year, modestly improving affordability from rising income.

As 2023 comes to a close, we would like to wish everyone a very Happy New Year and to thank all our clients & our team for making 2023 another successful year! Cheers! 🥂

From all of us at eAppraisal Company, wishing you the best this holiday season!

Wishing everyone a Happy Thanksgiving!

This past month we celebrated our 25th Anniversary at eAppraisal Company, Inc!

In October 1998, we opened the doors of West Michigan Appraisal, Inc in Grand Rapids, Michigan. The company later became known as eAppraisal Company, Inc. when we launched a new location in sunny Phoenix, Arizona.

Over the past 25 years, we have experienced firsthand all of the many ups & downs in the real estate markets and the changes within the appraisal industry. Even with those changes we were able to expand into different markets including Phoenix, Tucson, and Prescott, AZ; Orange & San Diego Counties, CA; Detroit, MI and even Dallas, TX for a while! With all the changes and expansion, the one constant has been eAppraisal Company’s mission which is to provide Fast & Accurate residential appraisals with the most Professional, Personal & Honest Service to all of our clients!

Maintaining this level of service would not have been possible without the hard work, commitment and dedication of our staff and appraisers over the years.

We would like to thank everyone who was or currently is a part of our team. We would also like to thank all of our clients who have partnered with us over the years, who have helped in making eAppraisal Company, Inc. a success! We truly value each and every one of you!

Here’s to the next 25!

Jeff and Christina Scaturro

www.eappraisalcompany.com

Happy Labor Day!

Just a typical day in the life of an appraiser!

With the summer heat in full force, the housing supply remains low with a shortage of homes listed for sale. Per ARMLS there remains less than 2 months of inventory! So what are the forecasts showing as we head into the last 5 months of the year for prices? We shall see....
https://money.com/will-home-prices-drop-in-2023/

Wishing everyone a safe and memorable 4th of July with your family and friends!

Happy National Appraiser Day!
A day to celebrate all the great appraisers within the industry. Thanks to everyone on our team, you're the best!

Happy Memorial Day ~ Remember & Honor
From all of us at eAppraisal Company

Spring temperatures are warming up will the market follow suit?

Phoenix Housing Market Forecast This dynamic region struggles to keep up with housing demand, but is there enough water?

Our company has been in business for almost 25 years....this pretty much sums it up!

Wishing you a prosperous New Year!

Tis the Season to wish everyone a...

Thank you to our eAppraisal team and all of our clients! We are grateful for the partnerships we have with each and every one of you!
We wish you and your families a very Happy Thanksgiving!

HAPPY LABOR DAY and a big Thank You to everyone that works for, along side of, and with eAppraisal Company, Inc.
We appreciate all you do and all your hard work!!
Team work makes the dream work! ~John C. Maxwell

Wishing everyone a Happy 4th of July from our team at eAppraisal Company!
~Jeff, Christina, Christian, Joey, Kari, Mark, Jeni, Emily & Bronwyn

eAppraisal Company updated their phone number.

With red-hot real estate markets, did your house make more than you last year? For some, the answer is yes!

In the Valley, home values rose by $103,470 on average between December 2020 and December 2021.

https://www.12news.com/article/news/local/if-you-live-in-the-valley-your-home-is-making-more-money-than-you-are/75-e3b95b21-322a-455f-8a7e-53f5c2d5b125