Benefits of Buying a Home in Scottsdale
Buying a home in Scottsdale is buying everything you want in an area. Scottsdale homes are in some of the most desirable neighborhoods in the metropolitan Phoenix area. Between the premiere golf communities to the large lots with renovated backyards, the city of Scottsdale has it all. Its nearness to the other cities in the Valley, yet seclusion from many neighborhoods provide the residents of Scottsdale with an elite lifestyle, full of high end retail, luxury restaurants, and great schools. Now for some need-to-know facts from our Century 21 Northwest Realty team about buying a home in Scottsdale…
Buying a Home in Scottsdale & Property Investment
- The average home value index is $381,000, with the median list price of $515k and the median sale price around $389k, which is higher than sales in the past few years.
- About 60% of the neighborhoods are filled with single families (which, in part, explains the great school systems). The other 40% live in condos and apartments.
- Many people who live in Scottsdale, commute to nearby cities; however, the number of businesses is growing exponentially as North Scottsdale expands.
- The main kinds of people who live in Scottsdale are high income families and power singles/couples.
Buying a Home in Scottsdale & Luxury Homes
After the late market crash, the Arizona home market has been on the rise. Buying a home in Scottsdale has become an extremely lucrative investment, for both large families and single people! At around 4.00% in the summer of 2014, the mortgage rate in Arizona is very close to the national rate of 3.98%, which makes now the right time to consider buying a home.
Buying a Home in Scottsdale & A+ Rated Schools
Let’s talk schools. Whether your kids are blossoming academics or rugged athletes, Scottsdale offers some of the best primary and secondary educational facilities in the state. High schools like Chaparral High School dominate the athletic scene (their football team won second in the state last season), while charter and private schools like Scottsdale Preparatory Academy and BASIS Scottsdale produce graduates with some of the highest test scores in the country.
Buying a Home in Scottsdale & Top Neighborhoods
We find that the coolest aspect of Scottsdale is its growing urban life. Many luxury shopping centers with city-like design have popped up over the years, such as City North, Kierland, and the Scottsdale Quarter, and have luxury buying-a-home options above the center (for those singles and smaller families out there). Additionally, the nearness to resorts and golf courses mean that you can take your family on a lovely ‘staycation’ whenever you want! Hot-spots in Scottsdale draw people from all around the Valley. Cultural experiences like the events of the Scottsdale Museum of Contemporary Art and Frank Lloyd Wright’s Taliesin West call the city home. The nightlife erupts in the club scene of Old Town Scottsdale and the unique, ‘Wild West’ bars in the North Scottsdale area.
Thinking of Buying a Home in Scottsdale?
When buying a home in Scottsdale, our C21 team recommends looking for deals in the McCormick Ranch, Old Town (Downtown), and North Scottsdale neighborhoods. There are a variety of housing options for any budget in these areas, although be prepared to make a significant real estate investment. Century 21 Northwest agents are standing by to answer any questions! Give us a call today and let’s get started buying your home! 623.299.2148!
To see a list of all the listings for buying a home in Scottsdale, click here.