Homes in Scottsdale, 85254, January 2021

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Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000
https://activerain.com/droplet/5qc6

The zip code 85254 is known as "the magic zip code" for several reasons.  The zip code enjoys being linked to Scottsdale, thanks to the post office, but has Phoenix municipal services and is in the Paradise Valley School District.  All positive for this west section of Scottsdale. 

This zip code has great shopping and entertainment destinations.  Pictured above is Scottsdale Quarter, across the street from Kierland Commons and the Westin Kierland, a shopping and dining mecca!

Active listings are down 60% year over year for January 2021.  This is a trend occuring all over the Maricopa County area.  This area is in a mid section of Scottsdale, but is technically Phoenix on a map :)  Starting out with 32 active listings in 85254, there isn't much to choose!

Active Listings 85254 January 2021

 

Interesting that 35% of the sales in 85254 are sold over list price, another valley wide trend.  By price range, the highest sale over list price sells in the $2.5 to $3 million range.  

Closings selling over list price 85254 January 2021

The The median sales price for a single family home in 85254 is $627,000, up 13% from $543,5000 in January 2020.  This new high surpasses the highest price in 85254, occuring in August, 2006 when prices reached $555,000.

Median Sales Price 85254 January 2021

To put 20 years of sales into perspective in 85254, this chart reflects that the most sales for single family homes occurred in April, 2005 with 1141 sales.  Of the 886 sales in December, 2020, only one home was owned by a bank and sold.  

Sales Per Year 85254 January 2021

Prices continue their upward climb in 85254. Knowing the under contract price per square foot helps when negotiating sales for buyers and sellers!

 

Under Contract Price per Sq Ft 85254 January 2021

If you or someone you know is interested in buying or selling a home in the Phoenix Metro Area, rely on someone who understands the market and how to negotiate in this frenzied housing market! 

 

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Scottsdale, AZ 85255                                                         

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Ambassador
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Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Big market report for homes in Scottsdale.  We enjoyed the area when we were there, especially Old Town

Jan 17, 2021 09:53 AM #1
Rainmaker
2,393,502
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jan Green - very good market report.  That zip code is certainly a sought after one.

Jan 17, 2021 10:03 AM #2
Rainmaker
1,049,721
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Old town is fun Ed Silva !  Did you go to the Rusty Spur, Old Town Tavern, art galleries?  Lots to see and do with new entertainment on the Indian Reservation just East of there; indoor sky diving, butterfly exhibit, huge aquarium! Thanks for stopping by!

Jan 17, 2021 10:21 AM #3
Ambassador
2,700,991
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

We walked all over that area and stopped for lunch at a restaurant that offered middle eastern choices as a favorite for my Lebanese wife.

Jan 17, 2021 10:39 AM #4
Rainmaker
2,302,206
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Jan Green - Old Town Scottsdale sounds lively, fun, educational, and interesting! I'll be there is a lot of charm spread out for all to enjoy! It would be fun to visit with you one day. 

Feb 01, 2021 09:12 AM #5
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Rainmaker
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Jan Green

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
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