|
|
|
|
Home / Finance / Real Estate
The Real Estate Market in Scottsdale, Arizona
By:Raynor
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.
Article Source: http://www.dailynewarticles.com
Raynor James is with FSBO America - homes for sale by owner. Find homes for sale or read about the Scottsdale Home For Sale Real Estate market.
More Articles from Real Estate Category:
Florida Real Estate- A Better Alternative for Investment Retirement or Holidays
Common Questions And Answers About Selling Your Home As Is
Selling Your Home As Is in Trickier Times
Advantages of Selling a House As Is On Your Own
How To Sell Your Home For The Highest Price Possible
Selling Your Home As Is Without an Agent
Setting the Price on Your Home
Tips on Selling Your Home As Is
Influence Your Sphere
Home Rentals - Pick The One That Matches Your Pocket
How to Invest in Real Estate
Mistakes that People Often Make in Real Estate
Rising Property Prices
Real Estate vs. Stock Market Investing
Tips for Successful Investing
|
|
