Scottsdale, Arizona is annually named one of the best cities to reside in the USA. The city is rich with golf courses, restaurants, art galleries, parks, great schools, and recreational 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 modern healthcare and medical research facilities in the area. The city has a unique mix of modern and southwestern style architecture that blends nicely with the beautiful desert landscape. The sunsets can be absolutely breathtaking most days.
North Scottsdale has some prestigious subdivisions including DC Ranch, Silverleaf, Estancia, Grayhawk, Mirabel, Troon North, Pinnacle Peak Country Club, and The Boulders 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 mystique 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 folks move from these states to Arizona because of the affordability, sunny 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 currently around 4,500 properties listed for sale. Over the last five years homes have dropped in price 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 the valley.
SCOTTSDALE REAL ESTATE FORECAST
With the recent slight increase of real estate sales prices it may be an indicator that the market has bottomed out. 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 certain, Scottsdale will continue to be an amazing place to live regardless of what the real estate market does.
North Scottsdale has some prestigious subdivisions including DC Ranch, Silverleaf, Estancia, Grayhawk, Mirabel, Troon North, Pinnacle Peak Country Club, and The Boulders 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 mystique 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 folks move from these states to Arizona because of the affordability, sunny 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 currently around 4,500 properties listed for sale. Over the last five years homes have dropped in price 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 the valley.
SCOTTSDALE REAL ESTATE FORECAST
With the recent slight increase of real estate sales prices it may be an indicator that the market has bottomed out. 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 certain, Scottsdale will continue to be an amazing place to live regardless of what the real estate market does.
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If you would like to interview top producing Scottsdale Realtor Jen Wehner you can start to Search Arizona Homes For Sale or you can see the latest updates to all things to do with Scottsdale Real Estate
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