Hi...hope someone can help. We are considering a relo to the Scottsdale area, and really having a tough time getting a handle on the market here.

I know that the number of listings in Maricopa County is at an all-time high, and sales are down. The local realtors are very closed mouth about prices dropping, however. We have looked at a dozen or so luxury homes in Paradise Valley and North Scottsdale, in the 2 to 8 million dollar range -- and most of it seems to be wishful thinking on the seller's parts. One house in particular for $3 million had a $3 million mortgage on it.

Anyone have any knowledge to share?

BTW, I am an agent in NJ, and this will be my 3rd relo in 10 years, so I'm not totally clueless.