Scottsdale

The Scottsdale housing market is dealing with high demand and low supply. Sellers are well aware that they can command a premium for their homes because demand is the craziest it’s ever been. According to local Realtors, the Scottsdale housing market has joined the list of popular destinations. Residents are migrating from California, Colorado, and Illinois, and inventory simply cannot keep up. As is the case throughout the country, home builders in Scottsdale are struggling to keep up with demand, hampered by the high cost of lumber and other building materials.

The area contains a mix of families, young professionals, and retirees. There are several reasons to consider investing in Scottsdale real estate. Over the last five years, data shows a stable Scottsdale housing market with average sale point and price per square foot seeing a steady increase. If you are an investor, Scottsdale has a track record of being one of the best long-term real estate investments in the nation.

Attractions

Scottsdale is a suburb of Phoenix, sitting on the eastern side of Maricopa County. It is overshadowed by Phoenix unless you’re a golf aficionado or watch baseball. Scottsdale is home to around a quarter-million people, making it one of the largest suburbs in the Phoenix metro area. The city is roughly a twenty-minute drive to the famous Phoenix Sky Harbor International Airport. It retains its suburban feel despite heavy development and tourist attractions.

Home Values

In December 2021, the median listing home price in Scottsdale, AZ was $799.9K, trending up 14.5% year-over-year. The median listing home price per square foot was $381. The median home sold price was $750K.