Mirabel, Scottsdale AZ and neighboring communities Desert Mountain and Terravita are prime examples of a strengthening local real estate market, according to a leading area marketing group.

The group’s report shows home prices on an upward trend for the past three months and new listings in 2011 down nearly 20 percent versus 2010.

Along with limited new listings, a surge in investor buying are pointing to the lowest levels of housing inventory in recent memory. Send me more information about Mirabel!