OCTOBER 2026 EDITION
T H E
ELEVATED NEWSLETTER The Art of Exceptional Living
MARKET SNAPSHOT
Scottsdale up 9.1% The Valley's standout, plus 10 more cities from Surprise to Sedona.
R AT E T R A C K E R
The 30-year crosses 7% What September's Fed hike means heading into the holidays.
NEIGHBORHOOD SPOTLIGHT
Legend Trail Golf, trails and room to breathe in North Scottsdale.
EQUAL HOUSING OPPORTUNITY
THE ELEVATED NEWSLETTER
OCTOBER 2026 EDITION
The Art of Exceptional Living
Scottsdale • Phoenix • Peoria • Glendale • Surprise • Rio Verde • Fountain Hills • Prescott • Sedona • Flagstaff • Pine IN THIS ISSUE — MARKET SNAPSHOT · RATE TRACKER · CITY BY CITY · EVENTS · SPORTS · NEIGHBORHOOD SPOTLIGHT · LOCAL SPOT · LISTINGS & CLOSINGS · ABOUT US THE BIG PICTURE
Arizona's market enters fall on steady footing. In August, the statewide median sale price was about $428,000, down less than a point year-over-year, and homes took a median of 66 days to sell — four days faster than a year ago. About 13.5% of homes sold above list price, while 21.4% saw a price drop, so well-priced homes still move and overpriced ones sit. The bigger story this month is rates: after the Fed's quarter-point hike on September 16, the 30-year fixed crossed 7% for the first time since January 2025, which puts more weight on pricing and seller concessions heading into the holidays. Locally, the build-out around TSMC's North Phoenix campus continues to support demand in Peoria and Glendale, and Scottsdale's luxury tier remains the Valley's strongest performer. MARKET SNAPSHOT
CITY
Sedona Scottsdale Rio Verde Flagstaff Fountain Hills Prescott Peoria Phoenix Pine Glendale Surprise
MEDIAN SALE PRICE
$1,022,000 $954,000 $714,000 $710,000 $686,000 $613,000 $510,000 $455,000 $439,000 $435,000 $425,000
AVG. DAYS ON MARKET
~48 days ~63 days ~118 days ~51 days ~62 days ~54 days ~51 days ~57 days ~93 days ~57 days ~67 days
YOY CHANGE
−11.6% +9.1% −3.0% −3.3% −1.8% +1.0% Flat +1.0% −6.7% −0.3% +1.1%
Median sale price, all home types, via Redfin. Phoenix, Peoria, Surprise, Sedona and statewide figures through August 2026; Glendale through July 2026; Scottsdale, Rio Verde, Fountain Hills, Prescott, Flagstaff and Pine reflect the most recent complete city-level data available at publication (May– June 2026). Days on market reflect the most recent Redfin reading for each city. THE ELEVATED NEWSLETTER — OCTOBER 2026
PAGE 1 OF 5
MORTGAGE RATE TRACKER
7.0%
6.4%
30-YR FIXED
6.8%
15-YR FIXED
FHA
On a $400,000 loan, today's 30-year rate runs about $2,670/month in principal and interest — roughly $190 more than a year ago, when the 30-year averaged 6.30%. Rates climbed past 7% in late September after the Fed raised its target range a quarter point to 3.75–4.00% on September 16. The Fed's October 27–28 meeting is the next catalyst for where they head this fall. 30- and 15-year averages via Freddie Mac (week of Sept. 24, 2026); FHA via Mortgage Research Center (Sept. 28, 2026). Individual rates vary by credit score, down payment, and lender — always confirm current figures before advising clients. CITY BY CITY — THE VALLEY
Scottsdale
Rio Verde
The Valley's clear standout: median near $954K, up 9.1% year-over-year. Well-priced view and golfadjacent homes are still moving in about two months.
Lower-volume luxury/equestrian market. Median around $714K, down about 3% YoY, with homes taking longer (~118 days) to find the right buyer.
Fountain Hills
Peoria
Median near $686K, down about 2% YoY. Still a desirable, lifestyle-driven market, just moving at a more deliberate pace.
Median around $510K, flat YoY and moving quickly at ~51 days — one of the faster markets we track, helped by TSMC job growth and strong schools.
Phoenix
Glendale
$954,000
$686,000
~63 days
~62 days
+9.1% YoY
−1.8% YoY
Holding steady near $455K, up about 1% YoY. Homes are selling in roughly 57 days, a few days faster than last year, with buyers still able to negotiate on anything overpriced. $455,000
~57 days
+1.0% YoY
$714,000
$510,000
~118 days
~51 days
−3.0% YoY
Flat YoY
Median near $435K and essentially flat YoY. One of the most accessible entry points in our Valley coverage, with the same North Phoenix job growth nearby. $435,000
~57 days
−0.3% YoY
Surprise
A genuinely balanced market: median around $425K, up about 1% YoY, with fair footing for both buyers and sellers. $425,000
~67 days
+1.1% YoY
THE ELEVATED NEWSLETTER — OCTOBER 2026
PAGE 2 OF 5
BEYOND THE VALLEY — HIGH COUNTRY MARKETS
We also track Arizona's high country — popular with Valley clients buying second homes, cabins, or an escape from summer heat. Sedona
Median near $1.02M, down about 12% YoY as the market tilts firmly toward buyers. Red-rock views and permanently limited land keep this a scarcity story. $1,022,000
~48 days
−11.6% YoY
Flagstaff
Median around $710K, down about 3% YoY after several strong years. Mountain-town lifestyle and NAU keep demand steady, but pricing matters now. $710,000
~51 days
−3.3% YoY
Prescott
Pine
Median around $613K, up about 1% YoY and selling in roughly 54 days. Cooler summers and small-town charm keep pulling Valley buyers north.
A tiny, low-volume rim market — median near $439K, down nearly 7% YoY, with homes taking ~93 days. Good value for a quiet cabin-country retreat.
$613,000
~54 days
+1.0% YoY
$439,000
~93 days
−6.7% YoY
THIS MONTH IN ARIZONA
DATE
Oct 1 – 31 Oct 6 Oct 17 Oct 17 – 18 Oct 23 Oct 29
EVENT
Arizona State Fair Jack Johnson Kacey Musgraves Fastball Comedy Fest Gorillaz Doja Cat
VENUE
State Fairgrounds, Phoenix Talking Stick Resort Amphitheatre Mortgage Matchup Center, Phoenix Sloan Park, Mesa Mortgage Matchup Center, Phoenix Mortgage Matchup Center, Phoenix
Dates via venue calendars and KTAR as of late September 2026 — confirm details before sharing, as event schedules can shift. ON THE FIELD THIS MONTH
DATE
MATCHUP
VENUE
Oct 11 Oct 24 Oct 25
Cardinals vs. Lions Suns Home Opener vs. Warriors Cardinals vs. Broncos
State Farm Stadium, Glendale Mortgage Matchup Center, Phoenix State Farm Stadium, Glendale
Schedules via team and league sources as of late September 2026 — confirm before sharing, as dates and times can shift. THE ELEVATED NEWSLETTER — OCTOBER 2026
PAGE 3 OF 5
NEIGHBORHOOD SPOTLIGHT: LEGEND TRAIL
Set in the high Sonoran Desert near Scottsdale's northern edge, Legend Trail is a low-density, 640-acre golf community with about half its land left as open space. The Rees Jones-designed championship course anchors the neighborhood, and a 10,000-square-foot community center adds pools, a fitness center, tennis and pickleball, with trail access into the McDowell Sonoran Preserve. Homes range from golf condos and townhomes to custom estates, many with views of Pinnacle Peak and the McDowell Mountains. It's a strong fit for clients who want a golf-and-trails lifestyle in North Scottsdale with room to breathe. LOCAL SPOT OF THE MONTH — PIZZERIA BIANCO
Housed in a historic brick building at Heritage Square in downtown Phoenix, Pizzeria Bianco is where Chris Bianco turned wood-fired pizza into a national benchmark — he was the first pizzaiolo to win the James Beard Award for Best Chef: Southwest. With cooler evenings arriving, it's an easy pick for a relaxed client dinner before a Suns game or a night downtown. ON THE MARKET NOW
Our current active listings across the Valley. 17117 W Dale Lane
Surprise, AZ 85387 3 bd | 3 ba | 2,659 sq ft
$1,350,000
16241 N 164th Lane
FOR SALE
Surprise, AZ 85388 4 bd | 2 ba | 1,884 sq ft
$407,000
1065 W 1st Street #103
FOR SALE
Tempe, AZ 85281 2 bd | 2 ba | 751 sq ft
$295,000
FOR SALE
JUST SOLD
Our 10 most recent closings. ADDRESS
SPECS
9708 E Preserve Way, Scottsdale, AZ 85262 6929 S 11th Drive, Phoenix, AZ 85041 6981 E Blue Sky Drive, Scottsdale, AZ 85266 9319 W Harmony Lane, Peoria, AZ 85382 26843 N 78th Avenue, Peoria, AZ 85383 3781 E Holly Place, Sierra Vista, AZ 85650 11365 N 109th Way, Scottsdale, AZ 85259 5523 W Angela Drive, Glendale, AZ 85308 13611 W La Reata Avenue, Goodyear, AZ 85395 12105 W Wier Avenue, Avondale, AZ 85323
4 bd | 5 ba | 3,550 sq ft $2,000,000 Aug 14, 2026 4 bd | 2 ba | 1,499 sq ft $385,000 Jul 27, 2026 4 bd | 5 ba | 4,404 sq ft $1,900,000 Jul 2, 2026 4 bd | 2 ba | 1,693 sq ft $445,000 Jun 25, 2026 5 bd | 4 ba | 3,998 sq ft $680,000 Jun 9, 2026 2 bd | 2 ba | 1,457 sq ft $145,000 May 28, 2026 4 bd | 2 ba | 2,181 sq ft $855,000 Apr 30, 2026 3 bd | 2 ba | 1,385 sq ft $400,000 Apr 22, 2026 3 bd | 2 ba | 2,203 sq ft $545,000 Mar 31, 2026 4 bd | 2 ba | 1,853 sq ft $413,000 Feb 25, 2026
Close dates via our website as of late September 2026. THE ELEVATED NEWSLETTER — OCTOBER 2026
SALE PRICE DATE SOLD
PAGE 4 OF 5
WHAT CLIENTS SAY
"Selling a home can be overwhelming, but my agent, Janelle Howard, made the entire process smooth and stress-free. She offered insightful guidance, helped me make strategic changes, and supported me through difficult decisions with patience and clarity. Her commitment went far beyond expectations—she personally helped clean, prepared the home for showings, and hosted open houses nearly every weekend. Her work ethic and trustworthiness are unmatched. I couldn't have asked for a better advocate." — Cindy Chen ABOUT US
Jake Anstett
Jan Howard
Casey Thompson
VP | Elevate Global (623) 238-4719 jake@retsy.com
Realtor | Elevate Global (602) 301-9327 janelle@retsy.com
President | Elevate Global (480) 381-4777 casey@retsy.com
Elevate Global
Elevate Global exists to deliver an unparalleled client experience through proactive execution, thoughtful precision, and a commitment to staying one step ahead. We take a quality over quantity approach. Each transaction is an artistic expression reflecting how we believe business should be done in order to achieve extraordinary results for our clients. Our mission is to earn lifelong trust by providing exceptional representation that continually raises the standard. Welcome to a Higher Level.
RETSY
RETSY is a technology-driven Arizona brokerage built around agents with over 300 combined years of experience and $3.5 billion in career sales. Since 2020, RETSY has been one of the fastestgrowing brokerages in the state, pairing modern tools with genuinely hightouch service.
Forbes Global Properties
Forbes Global Properties is an invitationonly network connecting elite agents and clients to the finest homes worldwide — more than 20,000 agents across 600+ locations in 39 countries. RETSY is Arizona's exclusive member, giving our listings international exposure most local brokerages can't match.
READY TO ELEVATE YOUR NEXT MOVE?
We'd love to help. Reach out to any of us above — we're ready when you are. THE ELEVATED NEWSLETTER — OCTOBER 2026
PAGE 5 OF 5
SCAN TO VISIT · LUXEAQ.COM
SCOTTSDALE
|
PA R A D I S E V A L L E Y
WELCOME TO A HIGHER LEVEL
Elevate Global at RETSY · Arizona's exclusive member of Forbes Global Properties
EQUAL HOUSING OPPORTUNITY