Scottdale AZ Homes Stats, Trends, and Forecast for 2011
Scottsdale, Arizona is regularly named one of the best places to live in America. Scottsdale is rich with golf courses, restaurants, art galleries, parks, colleges, and outdoor 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 everyone. There are also cutting edge hospitals and medical research facilities in the area. The city has a unique mix 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 prestigious 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 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, movie stars, and some of the Valley's most successful business owners. 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 wonderful lifestyle. Many folks move from these states to Arizona because of the affordability, sunny 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 around $730k. 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 shift. From November 2010 to January 2011 sales prices have grown by about 1.7%. This is a big relief for property owners in the valley.
SCOTTSDALE REAL ESTATE FORECAST
With the recent shift upward of home sales prices it may be an indication 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 educated assumptions. One thing is for sure, Scottsdale will continue to be an amazing place to live regardless of what happens to the home prices.
If you would like to interview award winning Scottsdale Realtor Jen Wehner you can start to Search Arizona Homes For Sale or you can view the latest updates to all topics to do with Scottsdale Real Estate
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