REAL ESTATE ACTIVITY
Homes Sold in 2006 (1/1 to 9/30) 3,366
Average List Price: $830,552- Average Sold Price: $798,313
Average Days On The Market: 90
Townhomes and Condos Sold in 2006 (1/1 to 12/31) 1,965
Average List Price: $319,758 - Average Sold Price: $310,356 Average Days on the Market: 75
Homes Sold in 2005: 6,163
Average List Price: 723,563 - Average Sold Price: $705,880
Average Days On The Market: 52
Townhomes and Condos Sold in 2005: 2,816
Average List Price: $ 294,082 - Average Sold Price: $291,633
Average Days On The Market: 33
Scottsdale Info
The city is loosely divided in these areas: South Scottsdale, Old Town/Downtown Scottsdale, Civic Center/Fashion Square, Shea Corridor, and North Scottsdale.
South Scottsdale This area has been known for many years as a less affluent region of Scottsdale, but more recently is transforming into a dynamic urban core. Many foodbanks and homeless shelters are located in South Scottsdale, as well as several strip clubs and "Check cashing stores". Many homes in South Scottsdale are much smaller and older than their Northern counterparts. However, in recent years, South Scottsdale has seen a drastic turn of events. Many deteriorating buildings are being destroyed and rebuilt. South Scottsdale will also soon be home to the new research center for Arizona State University. Although South Scottsdale's geophraphic boundaries are the subject of frequent debate, South Scottsdale extends from McKellips Road at the city's southern border, north to Osborn Road, where Old Town/Downtown appears to begin.
Old Town/Downtown Scottsdale/Civic Center/Fashion Square has many streets emulating the cowboy era, stores and primarily western art galleries. Scottsdale's number of art galleries is second only to New York City. This area includes many restaurants, bars, and nightclubs. Streets are usually filled with walking traffic after 10:00pm on Thursday, Friday, and Saturday nights, as Downtown Scottsdale has one of the highest concentrations of bars and nightclubs in the country. It has also seen a renaissance of sorts in the last five years as city living is sweeping many areas in the nation. The Scottsdale Waterfront will soon anchor the once desolate Arizona Canal banks, and no less than five new ultra-luxury condo towers have been approved, and premium one-bedroom units routinely exceed $1 Million. The condos are estimated to cost between $1-4 million. Tourism has also shot up, with new trendy hotels coming to the area such as The Mondrian, and the revived Hotel Valley Ho. Recently accounced was the new W Scottsdale Hotel and Residences and Ritz Carlton Paradise Valley, both taking a spot in Scottsdale's prime nightclub district. Also nearby is the high-end Scottsdale Fashion Square Mall, one of the ten largest malls in the nation and the newly constructed Scottsdale Waterfront, both of which offer eclectic variety for shoppers and diners.
Shea Corridor is an area where many shows and movies, such as Silk Stalkings, Beverly Hills 90210 and Clueless have come to shoot neighborhood scenes. Real estate in central Scottsdale is certainly booming, ranked as one of the "Top 10 Hot Spots" by Fortune Magazine. According to CNN World Report, the Phoenix-Mesa-Scottsdale real estate has boomed, seeing a 75% increase in value — the greatest change in the nation. Encompassing areas such as McCormick Ranch have seen real estate values jump from $4-500,000 to $700,000. Central Scottsdale routinely sees the demolition of older homes and new million-dollar ones constructed. Some areas, such as Gainey Ranch, remain very expensive and highly desirable in the Phoenix area real estate market; homes in this area see median values in the $1.5-2 million range with many exceeding $5 million. This area extends from Chaparral Road north to approximately Shea Blvd. This area shares many similarities with the neighboring community of Paradise Valley.
North Scottsdale is where most new home construction takes place. North Scottsdale is by far the most expansive area in Scottsdale. The city's borders rapidly expand to the east and west in this area, occupying the McDowell Mountain range, now preserved from development by the city. Most of the city's dozens of golf courses are located in North Scottsdale, utilizing the varied desert mountain terrain to create some of the most beautiful courses in the country. Homes in North Scottsdale see median values in the $750,000 range, with a good majority in the newer areas sky-rocketing above $3 and $4 million. This area is also famous for hosting the world-renowned Barrett-Jackson Auto Show, a collector's auction with many automobiles sold over $1 million a piece. In addition to the auction, North Scottsdale attracts car-enthusiasts from all over the world for its collection of luxury car dealerships including Maybach, Spyker, Panoz, Ferrari, Lamborghini, Saleen, Lotus, McLaren, Aston Martin, Porsche, Rolls-Royce, Bentley and Maserati. Many new luxury developments are proposed for the area, including Westcor's Palisene.
Area: 184.5 square miles
Location: 8 miles east of downtown Phoenix
Population: Aprox. 226,000
Scottsdale Homes For Sale
Scottsdale MLS Search
- Beds: 3
- Baths: 2
- City: Phoenix
- Residential:
55,322 - Commercial Sale:
1,010 - Commercial Lease:
722 - Land:
10,919 - Multi-Family:
830 - Rental Property:
9,620
