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]

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.

North Scottsdale Friday Focus – 85254 Market Update

North Scottsdale Friday Focus – 85254 Market Update

The 85254 zip code is one of North Scottsdale’s great central locations, however there is a not-so-dirty little secret about what’s known as the “magical zip code.” The 85254 zip is not in Scottsdale but is in the City of Phoenix and includes Phoenix city services. And the school district? It’s in the Paradise Valley School District. So why is it called Scottsdale? Mailing only. Talk to the postal service.

All of that doesn’t change what a cool place it is for many who call it home.

It’s also exploding in value, with prices up 22% in one year! The supply of homes for sale has dropped in half from 170 one year ago to 112 this month – a 34% inventory drop.

Today Last Month Last Year 1 Year Change
Active Listings: 112 117 170 -34%
Pending Listings 40 37 52 -23%
Sales Per Month 84 110 79 +06%
Sales Per Year 854 849 807 +06%
Months of Supply 1.3 1.1 2.2 -41%
Appreciation – Median* 22% 15% 11% +100%
Average Price – Sales** $665K $606K $543K +22%
Median Price – Sales*** $627K $593K $515K +22%

*Monthly Median

**Monthly Average

***Monthly Median

All Data courtesy of the Cromford Report

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]

Scottsdale Highest Net Migration?

Scottsdale Highest Net Migration?

A newer study by HireAHelper, has examined the origin, destination and distance of each
moving job since the Covid-19 pandemic was declared on March 11 th 2020. As it turns out,
Scottsdale, Arizona won the popularity contest for top city by net moves, with 68% more
people moving in versus moving out.

Most popular state? Idaho saw 194% more people moving into the state than out. New York
city and San Francisco, CA had 80% more people leave than move in.

Read the Full Story Here

Is Scottsdale Going to the Dogs?

Is Scottsdale Going to the Dogs?

A recent article from Realtor.com, our national trade organization, revealed that Americans love their pets, and especially their dogs, and even more so their dogs in Scottsdale, Arizona. Scottsdale was named one of the top ten (4th place) cities in the country for dog ownership.http://www.realtor.com/news/trends/top-10-cities-for-dog-lovers/

More and more clients these days are asking where the nearest dog park is in the community they’re considering buying into. The neighborhood where I live seems to annually request the HOA to provide a dog park even though there are miles upon miles of already existing grass and walking paths.

According to www.HumaneSociety.org, a 2015-2016 survey reported:

  • There are 78,000,000 dogs in the U.S.
  • 44% of all homes have at least one dog
  • 50% of all pet owners own small dogs
  • 66.7% of dog owners consider their dogs to be family members
  • $1436 is the average amount spent on veterinary care per year
  • 69% of Scottsdale homes have at least one dog

Referring to Scottsdale, the article shared this about the city as it relates to dogs:

  • This wealthy suburb of Phoenix has no shortage of retirees who can spend all day with Fido alfresco. The city boasts a long list of restaurants and cafes with extensive outdoor dining for you and your furball, along with 20 bars where dogs can sit alongside your bar stool. (Don’t knock it if you haven’t tried it.)
  • There’s also an abundance of pet shops that cater to petite dogs. Check out miniature frilly dresses and collars at Mackie’s Parlour, or Louis Vuitton knockoff dog toys, plush sports car-shaped dog beds, and rhinestone collars at  

Oh My Dog. But please don’t go overboard-dogs embarrass easily.

Buyer beware about this! Some communities limit the number and/or size of dogs. That information is found in the CC&R’s (neighborhood rules) and is an important read even if you don’t own pets. Some clients of ours who have three dogs recently sold their home in McCormick Ranch, and purchased a home a little further north in a community that limited the number of pets to two. Our clients spoke in person with the President of the HOA about their three, and they were given approval. That’s good, because that rule could have been the proverbial deal killer.

 

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