Scottsdale, Arizona is a unique residential real estate market in the Phoenix metro area. It is best known for high-end real estate, Five-Star Resorts, top golf courses and large events such as the Phoenix Open and the Barrett-Jackson Car Auction.
While demand in other cities is affected by employment and affordability, demand in Scottsdale is affected more by stock portfolio performance, corporate profits and the availability of jumbo financing. With much of Maricopa County’s demand centered around the distressed market, Scottsdale still holds its own with consistent demand despite the lack of foreclosure inventory available.
If you have any questions regarding this high-demand market, feel free to contact our Scottsdale Homes Team of experts. Our office is located in the heart of Scottsdale (Gainey Ranch), and we stand ready to help guide you through your home selling/buying process.
There are many things to do in downtown Scottsdale; day or night. Residents of the area are usually not far from over 100 art galleries. Locals and visitors alike enjoy the hundreds of boutiques as well as the top-rated shows at the Scottsdale Center for the performing arts. The Entertainment District and the Scottsdale Museum of Contemporary Art offer year-round cultural diversions in their own unique way.
All of Scottsdale and experienced an uptick in real estate value since the year 2000. Properties in the area are experiencing increased demand due to the attractive living conditions of the city. Old Town Scottsdale is experiencing expansion through construction of new hotels and condominiums. Each neighborhood displays its own unique down-to-earth personality and Western charm. Those who are lucky enough to live in the heart of the city love and appreciate its Downtown.