SCOTTSDALE BUSINESS ACTIVITY UPDATE

** On year-to-year basis, the median home price for the Valley dipped to $240,000 in November compared with $259,000 in November 2006, a drop of 7.9 percent, the lowest monthly median since May 2005.

In Scottsdale the median price declined 13.5 percent to $544,645 from November 2007 to November 2006. Median prices for Scottsdale over the past two years have fluctuated from a high of $640,000 in June 2006 to $535,000 in September 2007.

The national median existing-home price for all housing types was $207,800 for October, down 5.1 percent from October 2006.

** In 2007, 22 restaurants in Scottsdale were selected to receive Wine Spectators 'Award of Excellence' for their wine lists.

** Scottsdale-based Alanco Technologies, Inc. recently announced its subsidiary was awarded a pilot contract to demonstrate a new system at a high security government facility to monitor water contaminants and radioactive materials. A solar power feature allows the units to be located virtually anywhere on earth.

The new remote monitoring system is capable of continuously sampling a wide variety of environmental variables and transmitting data to a central monitoring authority at a lower cost compared to current sampling and transport practices for remote locations.

** Grunberg Realty in New York City paid $54 million, or $215 per sqare foot for the Scottsdale Executive Office Park, a 251,588-sf complex located at Via de Ventura and Hayden Road. The seller bought the property in March 2006 for $47.93 million from a private investor who had acquired it six months earlier for $37 million.

** Scottsdale-based Five Star Development is developing a 'green center' in El Paso, Texas. The 2.1 million-sf mixed use development is considered by Five Star to be a prototype for other green/LEED certified developments.

This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.