Scottsdale, Arizona is regularly voted one of the best places to live in America. The city is rich with golf courses, restaurants, art galleries, parks, great schools, and recreational activities that promote an active lifestyle. The World Champion San Francisco Giants spring training stadium is a popular attraction. The city also has very low crime rates which appeals to all walks of life. There are also cutting edge healthcare and medical research facilities in Scottsdale. The city has a unique blend of contemporary and southwestern style architecture that blends nicely with the beautiful desert landscape. The sunsets can be absolutely breathtaking most evenings.
North Scottsdale has some amazing subdivisions including DC Ranch, Silverleaf, Estancia, Grayhawk, Troon Village, Troon North, Desert Highlands, and Legend Trail to name a few. Paradise Valley is also a beautiful district in the heart of Scottsdale. The average sales price for homes in north Scottsdale in 2010 was around $550,000. This area of the Valley carries a bit of prestige and allure that appeals to CEOs, Pro athletes, 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 families move from these states to Arizona because of the affordability, great weather, and fantastic lifestyle that it offers.
TODAYS REAL ESTATE TRENDS IN SCOTTSDALE
As of February 2, 2011 the average listing 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 over 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 increased about 1.7%. This is a refreshing sign for homeowners in this area.
SCOTTSDALE REAL ESTATE FORECAST
With the recent slight increase 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 amazing place to live regardless of what happens to the home prices.
Thanks for reading, if you’d like more information about buying or selling real estate in Scottsdale or surrounding areas please call Arizona Realtor Jen Wehner at 480-748-6925 today or email Jennifer@JenniferWehner.com
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Great post. I recently moved back to Arizona after a few years in various states around the nation. There is just nothing like Arizona and Scottsdale in particular. I love the weather and people and there is just always something going on. I was able to get a great deal on a really nice place and couldn’t be happier to be back in the city I love so much!