85259 North Scottsdale Zip Code Update

85259 North Scottsdale Zip Code Update

Terrific communities encompass the 85259 Zip Code. If we were speaking geographically abou tit we would say that it’s located in the East Central part of Scottsdale. Some folks may wonder then, 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 summer of 2022, 71 homes were listed for sale at an average list price per square foot (PSF) of $480. Under Contract listings average list prices PSF are $430, while closed median sales over the past 6 months averaged $1.085M.

Our market is changing. When updated in July, we’ll see greater listings and fewer sales, reflecting a Valley and National trend.

85259 Real Estate as of June 1st 2022

 

Today            Last Month                   Last Year        1 Year Change

Active Listings:                              71                   60                               66                   +08%

Listings Under Contract                49                   48                               60                   -18%

Sales Per Month                           42                   55                               57                   -26%

Sales Per Year                             541                 556                             598                 -10%

Months of Supply                         1.1                  0.7                              0.7                  +4 Months

Annual Appreciation Median         23%                21%                          19%                 -4%

Median Annual Sales Price          $1.085M         $1.050                      $880K             +23%

 

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 Zip Code Focus – 85258

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.

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]

In short, the Valley’s residential real estate market is in a full course reversal. The terrific 85258 North Scottsdale neighborhood is no exception. As you can see by our recent numbers, active listings, the lack of which, has been our serious market problem for buyers over the last few years is now climbing, having doubled in one year. More amazingly, this community’s inventory has risen over 50% in one month.

Annual sales per month have dropped 37%, yet incredibly, like most North Scottsdale neighborhoods, the median price has continued to rise, reaching $1,015,000 – an increase of 23% over last year at this time.

What Do We advise?

Seller’s, if you’re trying to catch the top of the market, you may still have some time, though time is not your ally. There are still a number of buyers looking specifically for this community.

Buyer’s, you have more inventory to look at. You may also have more negotiation room than you’ve had for over two years. Don’t be intimidated by a new home on the market. If you hve cash or a strong down payment, your offers are strong.

North Scottsdale Zip Code Focus – 85255

The 85255 North Scottsdale Zip Market: What’s Happening Now?

The 85255 seller’s market is retreating from the fevered sales pitch of this past year. Though listings are still less than one year ago, there’s been a considerable increase from last month. Across the board in most all areas and price ranges, listing supply is increasing. In one month the 85255 Zip Code listing supply increased by over half.

Appreciation is showing a 30% increase and 6.5% over last year, but less than the 33.5% from last month.

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]

SERENO CANYON RELEASE

Check out Toll Bros new release in Sereno Canyon, a beautiful and natural community in North Scottsdale’s 85255 zip code. Check out the community from this link:

If you would like to fill out the Pre-Application process, be sure to add Mike Bodeen of HomeSmart as your buyer’s agent, if you’re not currently working with a local professional.

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 Friday Focus – 85262

North Scottsdale Friday Focus – 85262

North Scottsdale’s 85262 zip code is home to some of the most prestigious communities in all of Arizona, which include:

  • Troon North
  • Estancia
  • Desert Mountain
  • Mirabel Club
  • Carefree Ranch
  • Pinnacle Canyon
  • Merit Crossing
  • Rio Verde
  • Legend Trail
  • Candlewood Estates

THIS is “North” Scottsdale! Higher elevations, gorgeous desert, city light, golf, and mountain views show off the beautiful Sonoran Desert. 85262 is one of those zips that many think (dream) about when you mention “north Scottsdale.” Just off the beaten path, it’s still close to amazing North Scottsdale shopping, dining and entertainment in Kierland, Scottsdale Quarter, and DC Ranch.

Desert Mountain, the amazing luxury golf mecca is home to some of Arizona’s most beautiful homes. Rio Verde is getting well known for large acre-plus homesites, rural living, amazing mountain / Four Peaks views, quiet and solitary living in a Covid-Post Covid era.

Troon’s name is all you have to say with nationally acclaimed golf and resort living in one of the desert’s most incredible settings.

Single Family Detached Home Pricing:

Current home prices start at $375,000 up to $19,500,000. The average list price is $2.46M. The average home sale price in the past 6 months is $1.37M. There are good home values under a Million, however, with a sale of one home at $299,000. There are 55 homes currently priced between $375,000 and $1,000,000.

Up to Date 85262 Real Estate as of October 23rd, 2020

Today Last Month Last Year 1 Year Change
Active Listings: 340 307 353 -4%
Pending Listings 59 64 44 +34%
Sales Per Month 68 57 27 +152%
Sales Per Year 635 594 549 -%
Months of Supply 5.0 5.4 13.1 – 8.1 Months
Appreciation – Median* 10% 7% 11% +1%
Average Price – Sales** $1.19M $1,173M $824K +16%
Median Price – Sales*** $900K $880K $818K +10%

*Annual Median

**Annual Average

***Annual Median

RECORD ARIZONA HOME SALE IN NORTH SCOTTSDALE

Ten Bathrooms? In my opinion, not the best lead-in for this AZ Central article describing the most expensive home sale in Arizona’s history. Being a guy, I’d probably lead with the amazing 17 acre parcel in DC Ranch’s Silverleaf with the 10 car garage, followed by 29,700 Sq Ft

https://www.azcentral.com/story/money/real-estate/done-deals/2020/10/16/arizona-housing-market-24-1-m-sale-scottsdale-mansion-sets-record/3661296001/

https://tours.tourfactory.com/tours/tour.asp?t=1098268&idx=1

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

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

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]