Terravita Market Update

December 2nd, 2025

By your Scottsdale North Advocate

📊 Terravita Market Snapshot — November 2025

Homes on Market: 23

Contracts Accepted: 6

Avg. Price per Sq. Ft.: $509

Market Trend: Stable + supply-constrained

Why it matters: Prices held steady again this fall, almost identical to last year.

Terravita Market Update
Scott’s Scottsdale North News Article
Real Estate Review
Just For Fun
Are We Out of The Drought?

1. Terravita Market Update

I hope you all had a wonderful Thanksgiving. It was great seeing so many of you at the 10th annual Pie Giveaway — that little ritual always reminds me how lucky we are to live in a neighborhood that still feels like a small town.

Terravita’s market stayed consistent with what we’ve seen all fall: slow sales volume, light inventory, and prices that just won’t budge. In fact, we’re almost a carbon copy of last November — 6 contracts accepted this month vs. 7 then, 23 homes on market now vs. 21 then. Prices are nearly identical too, with average price-per-foot moving from $497 last year to $509 today — and the chart below shows just how “sticky” things have been.

The big takeaway: despite all the noise in the national media, Terravita continues to behave like a stable, supply-constrained community — not a volatile market.

So really, we are now in the same position we were at this time last year, and there are reasons to believe this spring will be better than last. But . . . there are apparently reasons to believe otherwise too. In my real estate review below, I have included some articles that reflect that range of opinion. The scariest is a Newsweek piece suggesting a U.S. housing market crash more severe than the 2008 financial crisis, with home prices potentially halving in some areas to better align with affordability levels. This could start in 2026 and go for years. That isn’t what I believe, but my job is to give you the information so you can make your own opinions.

Thinking About a New Home?

One of the articles in my real estate reviews highlights something I’ve never seen in 54 years of tracking this stuff: for the past 12 months, the average price of a new single-family home has actually fallen below the price of an existing home. That hasn’t happened in over five decades.

If you’ve been thinking about a new home, this is worth paying attention to. We’ve had several Terravita folks buy new recently in Scottsdale North, and the homes — and the communities — are INCREDIBLE. If you’re curious about where the real opportunities are, just let me know.

Stepping back from that for a moment, here’s what I’m sharing with neighbors about the overall Terravita market:

Rates are finally easing.
Showing activity is quietly ticking up.
Prices stayed sticky even as demand softened.
And Terravita’s best window — late January through April — hasn’t even started yet.

A fun side note: my Scottsdale North Newspaper article appears twice this month — the Desert Ridge publisher asked to run it as their front-page feature. I’m not sure it’s a perfect fit for their audience, but I suppose all publicity is good publicity! (Check out the front picture.)

A Quick Look at the Rainfall Question

Several neighbors asked whether our record fall rainfall means we’re finally “out of the drought.” Short version: not yet, but it certainly helps. The longer version is included below if you enjoy that kind of data as much as I do.

I added the market snapshot at the top this month to make things easier to skim at a glance. All the usual detail is still included below, but if you like having this quick overview — or if there’s something else you’d find helpful — please let me know.

These updates really are shaped by your feedback, and I’m always grateful when you stop me around Terravita or shoot me a note with what you’re seeing out there. We’re all in this together.

Go Deeper into Terravita Data

2. Scott’s Scottsdale North Newspaper Article

Thank You, Scottsdale North — For Everything – Daily Independent

This time of year always makes me stop and think about how lucky I am, and there’s something I don’t say often enough or out loud enough: Thank you, Scottsdale North.

Scott’s Desert Ridge Front Page Feature

3. Real Estate Review

Newsweek: Price Correction ‘Worse Than 2008’ Coming To US Housing Market—Analyst

The US housing market is broken

CNBC: Sellers are taking their homes off the market at the fastest pace in nearly a decade

Wall Street Journal: U.S. Homes Sales in 2024 Fell to Lowest Level in Nearly 30 Years

4. Just for Fun

The debate over daylight saving time is back on Capitol Hill: ‘Time for us to decide’

What could potential change to Daylight Saving Time mean to the golf industry?

Like or hate daylight saving time? Senate panel, once again, can’t decide. Here’s why

5. Are We Out of The Drought?🌵💧

With all the rain we’ve had this fall — including a record-setting total at Sky Harbor — a few of you have asked if this means Arizona is finally out of the drought.

Here’s the honest, simple answer: Not yet.

“This fall made a big payment toward our long-term water balance — but it didn’t zero it out.”

We’ve had a fantastic start. The soil is healthier, vegetation is rebounding, and Flagstaff picked up exceptional early-season snowfall. If winter continues this way, that snowmelt will give our reservoir system a real boost heading into summer.

But drought designations don’t turn around after one great season.

Arizona’s long-term water picture is based on decades of data: groundwater levels, reservoir storage, Colorado River conditions, and multi-year precipitation trends. Think of it like a long-running water “deficit.” This fall made a big payment toward that balance… but it didn’t zero it out.

The encouraging part? We are headed in the right direction.

If we can string together two or three winters like this, that’s when we’ll see real, measurable drought relief show up in the state and federal classifications.

In the meantime, enjoy what all this moisture gives us right now — clearer skies, greener hillsides, healthier desert, and some of the best outdoor living weather in the country. And as always, I’ll keep my eye on it for you.

November 2025 Terravita Market Update