Scottsdale, Arizona is regularly voted one of the best cities to live in America. Scottsdale is rich with golf courses, restaurants, art galleries, parks, great schools, and outdoor activities that promote a healthy lifestyle. The World Series Champion San Francisco Giants spring training stadium is a popular spot to visit. The city also has very low crime rates which appeals to all walks of life. There are also cutting edge hospitals and medical research facilities in the area. The city has a unique blend of modern and southwestern style architecture that blends nicely with the gorgeous desert landscape. The sunsets can be absolutely breathtaking most days.
North Scottsdale has some amazing subdivisions including DC Ranch, Silverleaf, Estancia, Grayhawk, Troon Village, Troon North, Pinnacle Peak Country Club, and Legend Trail to name a few. Paradise Valley is also a beautiful district in the heart of Scottsdale. The average sales price for houses sold in North Scottsdale in 2010 was around $550,000. This area of the Valley carries a bit of mystique and allure that appeals to CEOs, movie stars, and some of the Valley’s most successful entrepreneurs. However, compare these home prices to California, New York, Florida, or Illinois and you will see that the dollar gets stretched a lot further here while still preserving a great lifestyle. Many folks move from these states to Arizona because of the affordability, great weather, and healthy lifestyle that it offers.
THIS MONTHS REAL ESTATE TRENDS IN SCOTTSDALE
As of February 2, 2011 the average listed price of homes for sale is $737,000. The actual median sales price is $278,000. The average price per square foot of these homes for sale is $149 and there are currently around 4,500 properties listed for sale. Over the last five years homes have depreciated nearly 35% in Scottsdale. However, this trend is starting to change. From November 2010 to January 2011 sales prices have grown by about 1.7%. This is a refreshing sign for property owners in this area.
SCOTTSDALE REAL ESTATE FORECAST
With the recent shift upward of home sales prices it may be an indicator that we’ve hit the bottom. Nobody can say for sure if sales prices will continue to increase or if there will be more dips. All we can do is track the numbers and make any projections. One thing is for sure, Scottsdale will continue to be an inviting place to live regardless of what the real estate market does.
If you would like to interview top producing Scottsdale Realtor Jen Wehner you can start to Search Arizona Homes For Sale or you can view the latest news to all things to do with Scottsdale Real Estate
Comments are closed.