The North Scottsdale Real Estate Advisory – Friday Focus: 85260

The North Scottsdale Real Estate Advisory – Friday Focus: 85260

Scottsdale’s 85260 Zip Code is located in the desirable NE Valley. It is bordered by Bell Rd and Frank Lloyd Wright on the North, Shea Rd on the South, Scottsdale Rd on the west, and Thompson Peak Parkway on the East.

Notable neighborhoods in this desirable community include:

  • Bent Tree
  • Buenavante
  • Rancho San Carlos
  • Desert Fairways
  • McDowell Ranchos
  • Mountainview Ranch
  • Paradise Valley Ranchos
  • Patterson Ranch
  • Pima Crossing

Much of the 85260 community is made up of larger near-acre lots – horse acres are what we call them, as many of these neighborhoods allow horses. Great schools and convenience shopping are nearby. Freeway access is very convenient too. Just a few minutes to the Loop #101 Pima Freeway, and 7-8 minutes to State Route 51.

Great Schools Ratings

One of the finest K-12 Charter schools in the 85260 Zip is Great Hearts Academy, with two locations also including a 5th – 12th. Cheyanne Traditional Elementary is also a top rated PK-8. There are a number of excellent College prep (Notre Dame Prep) and Christian schools (Thunderbird Christian Elementary in 85260.

Style of Homes

Many of the homes in the 85260 Zip were built in the 80’s. Modern home designs include Santa Barbara and Territorial style homes with vaulted or raised ceilings, many with larger lots, and many

with private pools. Many are family oriented two story homes.

Up to Date Real Estate as of October 1st, 2020

                                                            Today            Last Month              Last Year       1 Year Change
Active Listings:                               90                   87                               116                 -8%
Pending Listings                             32                   34                               28                   +14%
Sales Per Month                             53                   42                               42                   +26%
Sales Per Year                               520                 509                             575                 -10%
Months of Supply                          1.7                  2.1                              2.8                  -1.1 Months
Appreciation – Median*                11%                09%                            06%                +5%
Average Price – Sales**                $738k             $717K                         $628K            +18%
Median Price – Sales***                $770K            $750K                        $685K             +12%
*Annual Median
**Annual Average
***Annual Median

 

Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to: [email protected].

www.NorthScottsdale.com

North Scottsdale Real Estate Friday Focus: 85259

North Scottsdale Real Estate Friday Focus: 85259

Some folks may wonder why we include the 85259-zip code in North Scottsdale? The same folks rightly ask the question about 85254, 85258, and 85260 as well? After all, if you look at the long (32 miles) city of Scottsdale, you’d see it to be more central or South Central than north.

It was not too long in Scottsdale’s past (1960’s) that if you lived around Shea Blvd, that was considered “nose-bleed” country. Even McCormick Ranch (85258) was considered pretty far north from Old Town.

So the answer seems to be that for many of us who have been here for awhile, these zip code communities were a part of North Scottsdale.

85259 Zip Code contains numerous upscale communities, such as Stonegate, The Ancala Country Club, portions of Scottsdale Ranch, Scottsdale Mountain, Cactus Gates, Rancho Trinidad, Hidden Hills, and Bella Montagna.

Mountain and City light views, terrific convenience to recreation, shopping, golf, and health facilities abound. In fact, some folks refer to the Shea Blvd N/S dividing line as the “Medical Mile” with Honor hospital and the Mayo clinic plus hundreds of all types of medical offices within a few miles.

Schools are excellent in the 85259 community which includes Desert Mountain High and Middle public school. One of the highest rated schools in the country is the Basis Charter School encompassing grades 5-12. Anasazi Elementary is another excellent choice.

As of the fall of 2020, 91 homes were listed for sale at an average list price of $1.32M. Pending listings average list prices were $860,000, while closed sales over the past 6 months averaged $842,000.

Real estate as of October 2nd, 2020

Today            Last Month              Last Year       1 Year Change

Active Listings:                                91                   98                               172                 -47%

Pending Listings                              35                   33                               25                   +40%

Sales Per Month                             44                   48                               46                   -04%

Sales Per Year                                  499                 501                             523                 -05%

Months of Supply                          2.1                  2.0                              3.7                  -1.6 Months

Appreciation – Median*              12%                09%                            05%                +07%

Average Price – Sales**                $860              $845K                         $798K            +08%

Median Price – Sales***              $770K            $750K                        $685K             +12%

*Annual Median

**Annual Average

***Annual Median

Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to: [email protected]

The North Scottsdale Real Estate Advisory – 85255 Zip Code

The North Scottsdale Real Estate Advisory – 85255 Zip Code

The 85255-zip code is one of North Scottsdale’s zip codes that came to life in the 90’s with thousands of new homes being built in a number of nationally acclaimed planned unit developments, such as McDowell Mountain Ranch, Grayhawk and Troon North.

Later on, upscale communities like DC Ranch, including Silver Leaf, became, price-wise, the Paradise Valleys of North Scottsdale – gorgeous golf course neighborhoods blending in with eye-popping boulder out-croppings are to this day highly in demand.

It’s currently exploding in value, with the median price up 23% in one year, and the average price having risen 13%! The supply of homes for sale is fairly stable, currently at 320 homes, but there is only 2.7 months of supply, down from 4 months last year. Pending sales are up 52% vs the same period one-year ago.

                                                       Today            Last Month              Last Year       1 Year Change
Active Listings:                                320                 327                             356                 -02%
Pending Listings                              70                   65                               46                   +52%
Sales Per Month                             119                 99                               79                   +51%
Sales Per Year                                1058              1027                          1019              +04%
Months of Supply                          2.7                  3.3                              4.0                  -1.3 Months
Appreciation – Median*              23%                29%                            -5%                 +23%
Average Price – Sales**                $1.13M         $1.17M                     $852K            +13%
Median Price – Sales***              $850K            $960K                        $693K             +23%
*Monthly Median
**Monthly Average
***Monthly Median

 

Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to: [email protected]

North Scottsdale Real Estate Advisory – Friday Focus: 85258 Zip Code

North Scottsdale Real Estate Advisory – Friday Focus: 85258 Zip Code

Do you like water? Lakes? Golf? Mountain views? If so, then this North Scottsdale zip code (85258) is for you.

The 85258 zip code was primarily built around several key and lush massive planned unit developments, with nationally acclaimed McCormick Ranch starting things off in the 1970’s. Lush greenbelts, lakes, lots of foliage, golf, retail shopping and dining, and still close to the popular Downtown (Old Town) this community struck popularity pay dirt. Partially vaulted ceilings, and step-down living rooms were all the rage.

McCormick Ranch is located west of the Loop #101, whereas Scottsdale Ranch is built east of the #101.

Seeing the amazing success with McCormick Ranch, Scottsdale Ranch next appeared on the scene during the 1980’s. Many lakeside developments grew up in Scottsdale. Wide streets and sidewalks became an absolute sporting mecca for walkers, joggers, and cyclists. Combined with McCormick Ranch, these bike/walking paths from Scottsdale Ranch and McCormick Ranch weave all the way down near Tempe, without having to cross a major road. Generous under road tunnels dot the landscape. It’s amazing.

Following the “Ranch” tradition, palatial Gainey Ranch sprung up in the 90’s. Gainey is a first-class resort-like gated community developed west of Hayden Road. Preferred by many elites, especially local professional sports icons, Gainey Ranch tempts with privacy, greenery, lakes, golf, tennis, etc. The Hyatt Regency Scottsdale Resort and Spa is located within Gainey Ranch.

 

North Scottsdale Median Price Rose 10% in One Month?!

North Scottsdale Median Price Rose 10% in One Month?!

The North Scottsdale real estate market is killing it! The seven zip codes which comprise North Scottsdale are currently showing a monthly median sales price of $715,000. One month ago, the median sales price was $650,000. This is a median increase of $65,000 in one month! Yes, you heard me correctly, the North Scottsdale median sales price rose $65,000 – 10% – in one month.

Listing inventory in North Scottsdale has plummeted. One year ago, North Scottsdale home inventory was at 1409. This year, there are only 1044 homes currently for sale in North Scottsdale – a 26% drop!

How about North Scottsdale rentals? Rising to record lease prices, North Scottsdale home rental prices just hit $1.45 per square foot (psf) this September. This is .06 cents psf higher since last month and a rise of .17 cents psf in one year – a 13% rental price increase.

1 2 3 23