Scottsdale Real Estate Market Update

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Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

Scottsdale Real Estate Market Update - 

Scottsdale_The Wests Most Western Town

Scottsdale is 184.2 square miles and was so named in 1894 after Winfield Scott, an Army Chaplain.  The city was incorporated in 1951 with 2,000 residents.  Today the city's population is said to be just over 226,000 and is bounded by Fountain Hills to the east, Tempe to the south, Phoenix to the west and Carefree/Cave Creek at the northern border.  The only place the city can possibly expand is to the northeast if parts of "Rio Verde" were incorporated into the city limits. 

With the city being "land locked" it's easy to see why prices rise, but also that Scottsdale is a fun resort town and a retirement destination. 

Scottsdale has a robust housing market.  Median Sales Prices are listed below for this Scottsdale Real Estate Market Update.   Due to the wide range of prices of homes sold in the last 30 days being $6.7 million to $135,000, it's wise to use Median Sales Prices to eliminate big swings in the market.  

Median Sales Price, according to the Cromford Report where these figures are derived is, "based on the homes included in Annual Sales, and is the price point which separates the higher half of the sales price from the lower half.  It is usually substantially lower than the Average Price - Annual Sales, since sales of large expensive homes have little impact on the median but a large impact on the average."

These are the Median Sales Prices for all 10 zip codes for this Scottsdale Real Estae Market Update:

 

Zip Code                                             Median Sales Price

                                                  85250                                                  $319,0000

                                                  85251                                                  $253,220

                                                  85254                                                  $413,000

                                                  85255                                                  $518,000

                                                  85257                                                  $250,000

                                                  85258                                                  $320,250

                                                  85259                                                  $610,000

                                                  85260                                                  $375,000

                                                  85262                                                  $825,000

                                                  85266                                                  $597,500

 

There have been 472 Sales in the last 30 days; 680 homes are Pending and Under Contract Accepting Back up Offers;  and there are 2,167 active listings for single family homes in this Scottsdale Real Estate Market Update. 

If you are looking to buy or sell a home in Scottsdale, give me a call! 

                      

 

 

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HomeSmart Elite Group                                  

8388 E Hartford Dr., Suite 100

Scottsdale, AZ 85255                                                         

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Rainmaker
3,246,975
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Jan

Thanks for sharing the real estate market update for Scottsdale Arizona,

Good luck and success.

Lou Ludwig

Jun 07, 2015 01:05 PM #1
Rainer
307,555
Jacob Thomas, Weston, Davie, Coopercity, Southwest Ranches, Miramar Realtor
South Florida Estate Homes Inc - Weston, FL
South Florida Estate Homes Inc.

 

Jan,

Great Blog, Like your presentation. Very useful for buyers and sellers in your area. Best Wishes.

Jun 07, 2015 07:50 PM #2
Rainmaker
972,320
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Lou Ludwig - thank you!  Have a great day!

Jacob Thomas, Weston, Davie, Coopercity, Southwest Ranches, Miramar Realtor  - Thanks!  Hopefully someone in my home state of Kansas will see it as informative as well!  Have a great day!

Jun 08, 2015 01:21 AM #3
Rainmaker
5,310,360
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your market updates.

Jun 08, 2015 06:57 AM #4
Rainmaker
972,320
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Roy Kelley -Thank you Roy!

Jun 08, 2015 08:17 AM #5
Rainmaker
3,246,975
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Jan

 Scottsdale Arizona is a very desirable location to live in.

Good luck and success.

Lou Ludwig

Jun 08, 2015 09:41 AM #6
Rainmaker
2,239,608
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Lots of important information Jan, especially for folks that are considering selling. They should be contacting your for representation.

Jun 09, 2015 11:08 AM #7
Rainmaker
972,320
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

@Lou - Yes it is and prices can be modest all the way up into the millions. There is literally something for everyone!

Joe Petrowsky - Thank you!  I love selling homes in Scottsdale!  There is so much to advertise as amenities nearby, views, etc.   Thanks for stopping by!

Jun 10, 2015 01:43 AM #8
Rainer
245,155
Michael O'Donnell
Berkshire Hathaway Home Services Arizona Properties - Scottsdale, AZ
GRI, ePRO, Accessible Homes

Jan,

I learned many years ago at a Real Estate seminar on Scottsdale, that as Scottsdale is such a great winter destination for folks (with commensurate revenues) our property taxes are effectively subsidized - think low (relatively speaking) because of our visitors. A win-win scenario for all involved. Prospective buyers always seem pleasantly surprised at the taxes on such beautiful homes in a beautiful community and setting.

Jun 10, 2015 02:39 AM #9
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Rainmaker
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Jan Green

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
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