Scottsdale is a city near Phoenix, Arizona with a population of about 236,839, according to data from the US Decennial Census. Andrea Lilienfeld of The Kay-Grant Group is a group of premier Scottsdale Realtors. Scottsdale boasts numerous attractions, including the Boulders resort & Golden Spa, Camelback Mountain (popular with locals), and the Phoenician Golf Club. In fact, the Robb Report called Scottsdale "America's Best Place to Live for Golf" in 2006. As such, Scottsdale has a vibrant real estate market. Below is a quick primer on the Scottsdale real estate market.
Scottsdale Real Estate - Property Prices
Figures from Trulia show that the median price of Scottsdale homes for sale is $399,841 while the median rent is $2,400 per month. In addition, the price per square foot stands at $204. Over the last 12 months, residential property prices have increased by 5% ($18,567) while the price per square foot rose from $195 to $204. In general, property prices range from as low as $75,000 to more than $1.5 million meaning the real estate market here caters to all income demographics (low, mid, high). One of the most popular ZIP codes is 85255, which lies to the east of the McDowell Mountains and north of Loop 101 with a variety of North Scottsdale homes for sale. In 2014 alone, about 1,100 properties were sold in this area, according to data from The Arizona Republic's annual "Valley Home Values" report. As such, this is the perfect address for property investors. You may also wish to view downtown Tempe homes for sale; Tempe is best known for being home to Arizona State University.
Scottsdale Real Estate Categories
Scottsdale homes for sale range from one-bedroom to 4-bedrooms. Nevertheless, you could hire a contractor to build a house that suits your preferences if you do not find a suitable one. Besides stand-alone properties, there are numerous condominiums for sale in Scottsdale.
Popular Residential Areas
According to the Valley Home Values report, the central and south Scottsdale areas are quite popular with millennials since they are close to amenities including restaurants, upscale shopping outlets, and entertainment hotspots. However, most of the properties available in this area are condominiums. If you are looking for a ranch-style property, Old Town Scottsdale homes for sale (ZIP code 85251) offers a wide selection of houses and condos for sale. See The Kay-Grant Group's Old Town Scottsdale homes for sale page to see all listings in the area. For high-end properties, Paradise Valley is the perfect ZIP code (85253). In fact, Paradise Valley is particularly popular with professional athletes, celebrities, and top business executives.
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