Single family homes sales are starting to show some life with June's sales at 966, that's up 8% from May's 893 sales. This is good news after see the record number of foreclosures taking place throughout the valley. Total year to date sales are up once again and home prices remain steady.
Record $149 million paid for Desert Ridge site, from the Arizona Republic, reports that a 269-acre state land parcel near the Loop 101 and Tatum Blvd. sold April 17th at an auction for $149.45 million. The sale not only is the highest price a developer has paid for a piece of Arizona land, it also is an indicator of where the Valley's housing market may be headed. The development is expected to see 3700 homes, condos and apartments on this site.
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Commercial properties are also at a premium but don't let this fool you. With the valley experiencing new growth everyday and Scottsdale land becoming more scarce, commercial investors can expect great returns year over year.
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ZIP Codes: 85257, 85251, 85250, 85258, 85260, 85254, 85259, 85268, 85255, 85054, 85262 Location Characteristics: Scottsdale continues to be the premier area to live and enjoy the best of life. Scottsdale is primarily characterized by a hospitality and tourism industry. If you are looking for the best of all things being 10 minutes in any direction, then this is the city for you but don't expect to find a great buy. Home prices start in the $300,000 and top out above 10 million. Scottsdale surrounding cities are Mesa and Tempe to the South; Paradise Valley, Phoenix, Carefree & Cave Creek to the West; and Fountain Hills and Fort McDowell Yavapai Nation to the East.
About Christian Broadwell, GRI (480) 206-1258:
Designated Broker, Realtor, GRI and Engineer I work in Arizona Real Estate from Land to Luxury Homes, New Homes and Commercial Property Specializing in South Mountain Living. Ahwatukee, Baseline Corridor, Chandler, Paradise Valley, Scottsdale, Gilbert, South Mountain Village, Laveen, Goodyear, Avondale, Tolleson and Estrella Mountain Ranch
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
