This report focuses on 85251, which runs from Thomas north to Chaparral Roads and from approximately 90th Street to Pima Road. This section of Scottsdale, Arizona includes Scottsdale Fashion Square Mall and the trendy condos nearby, but also very affordable homes.
Currently, prices in this zip code range from $85,000 to $4.995 million in 85251. There is truly something for everyone. The city of Scottsdale buildings are in this area, as well as Old Town Scottsdale restaurant and shops. It's very common for visitors to ask me to find them homes in this area.
This area is also home to "Ollie the Trolley." This fixture in Scottsdale has several routes and is free to the public!
The monthly median sales price for 85251 is $246,000 as of August, 2016. The lowest price in this zip code during the housing recession was $88,000. Steady growth with many fluctuates permeats this area. Due to the very high priced condos and high rises the market has bounced around a bit.
There were 87 sales in August, 2016 versus in August, 2015. The lowest priced sale in 85251 was $80,000 and the highest priced sales is $1,900,000, a much higher range in price versus 85257, which is at the farthest south end of Scottsdale bounded by Tempe.
There is currently a 3 month supply of inventory in 85251. There is currently 2.3 months of supply in the entire Phoenix Metro area. Inventory typically drops and will pick up in the fall months.