Scottsdale continues to be a destination for both tourism and residency. The city offers Western character as well as world class high end shopping and nightlife. Scottsdale real estate encompasses both North Scottsdale with communities such as DC Ranch, Grayhawk, and Desert Ridge Lower Scottsdale with communities such as McCormick Ranch, Kierland, and Old Town. As a result, the real estate in Scottsdale continues to improve as our current market transitions from a distressed level into healthier territory. Some of the finest public school systems in the state are found in the Scottsdale Unified School District. This continues to draw families into these communities. In addition, the weather in Scottsdale is one of the most pleasant, warmest climates in the USA. This lends a market for part time residents and “snow birds” who travel from the cold areas of the USA and Canada to Scottsdale for the sun, golf, and lifestyle. All of these factors effect Scottsdale real estate and the values of Scottsdale homes. As real estate emerges from the distressed market, values in Scottsdale homes for sale have appreciated as a whole by about 11% year over year. The most recent data from August ’12 shows Scottsdale homes for sale at an average sales price of $465,058 at 519 units sold. Inventory levels for Scottsdale homes continue to stay relatively low. As of October 17, 2012 there are 1,432 single family residences for sale. If you would like more information or would like to speak to one of our agents, please click here.
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