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The Real Estate
Market In Scottsdale, Arizona |
|
By: Raynor
James |
Scottsdale is hot, hot, and hot. Well, at
least the temperature is. The real estate market in Scottsdale has
been very cool for some time notwithstanding national
trends.
The Real Estate Market in Scottsdale,
Arizona
Scottsdale is located just to the north and east of
Phoenix. With the growth explosion in both areas, it is becoming
more difficult to tell them apart. Nonetheless, Scottsdale has a
population of just less than a quarter of a million people and his
home to the famous Phoenician Resort. With massive growth over the
last 15 years, the city has a definite new feel to it.
The
average selling price of a home for sale in Scottsdale is just over
$210,000. This figure is about $30,000 over the national sales price
for similar homes. Unfortunately, the market has been suffering a
down period with appreciation crawling along at a little over four
percent. Despite these numbers, real estate market appears primed
for a rebound.
As with any part of the country, a prime
indicator for real estate is the local economy. In Scottsdale, the
economy is picking up steam. Job growth is at a strong four percent
with much stronger growth projected through the foreseeable future.
Practically speaking, this means salaries and worker demand should
increase. These people are going need places to live and will have
money in the bank. This surely represents a solid real estate market
project for Scottsdale.
With its close proximity to Phoenix,
practical amenities are plentiful in Scottsdale. With the exception
of snow skiing, you can find practically anything you need within 20
minutes. From an education standpoint, schools in Scottsdale are of
high quality and consistently rank above national averages. Health
care costs are also on par with national averages, while violent
crime rates are about half of the national average.
As you
might imagine, it gets dry and hot in Scottsdale. Recently, the area
went four months without any rain in the middle of winter.
Historically, it has received about nine inches per year. Average
temperatures in the summer are a robust 103 degrees on average, but
winter days can cool down into the forties.
While the weather
is mostly blazing hot in Scottsdale, the real estate market seems to
have missed out on the recent real estate craze. Perhaps it is just
a little late in getting to the party.
About the Author:
Raynor James is with http://www.fsboamerica.org - FSBO homes for
sale by owner. Visit us at http://www.fsboamerica.org/Homes-for-Sale.cfm
to find homes for sale or http://www.fsboamerica.org/Sell-Your-Own-Home.cfm
to sell your own home.
Read more articles by: Raynor
James
This article is
distributed by: www.iSnare.com
Don
Glasgow St. George GMAC Real Estate 1060 S. Main St.
#200 St. George, UT 84770 (435)
619-3664 Email: DonGlasgow@stgeorgegmac.com

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