2638 N 70th St., Scottsdale, AZ 85257

TENANT OCCUPIED, MUST CALL SCOTT TO SHOW, PRICE REDUCED!!! NICE 3 BEDROOM, 1 BATH HOME, BIG BACKYARD, GREAT ROOM PLAN, BIG EATING AREA OFF KITCHEN, EXTRA SPACE FOR STUDY. LOCATION IS A PLUS, CLOSE TO ASU, DOWNTOWN SCOTTSDALE AND THE 101. EASY TO SHOW, JUST CALL SCOTT, THANKS!! Here at the Cromford Report, we only deal with facts and figures, not beliefs, so here is the market update. Sales - We are currently recording 9,814 sales in May. This is up 3.5% over April and up 10% over May 2010. This is a very strong sales total because in May 2011 sales are not being boosted by the government bribe (sorry, tax credit) that applied in 2010 for buyers of owner-occupied homes. Pending Sales - At 13,268 on June 1, pending sales are down 0.4% compared with May 1 but up 6.7% compared with June 1, 2010. Again an extremely strong indicator of demand. In 2010 demand fell sharply during the summer after the tax credit expired, but there is no sign so far that the same will happen in 2011. Active Listings - At 31,346 on June 1, active listings are 9.4% below May 1 and 23.3% below June 1, 2010. Supply is clearly falling fast. However this understates the situation because a large proportion of the active listings already have a contract against them. In fact there w