![The Bodeen Zip Line Report – Real Estate Market Update – North Scottsdale Zip Codes and Surrounding Communities]()
by MICHAEL BODEEN | Sep 2, 2014 | North Scottdale Zip Code Information, North Scottsdale News, Real Estate News
85254
Home sales bottomed out in March of this year and have increased since then peaking in July. The magical 85254 zip code real estate market dropped back in July registering 66 sales, compared with 104 from one year ago. The median priced sale in July was $378,000, down from the same month last year.
Currently Last Year
Active Listings: 281 vs 186
Pending Listings: 45 vs 44
Sales Per Month: 66 vs 104
Sales Per Year: 719 vs 966
Median Price: $378k vs $391k
85255
The median sales price in the very popular 85255 Zip Code for August 2014 was $633,000. This is an 8% drop over August of last year and a 1% drop from last month. Sales took an 8% drop from 91 sales last August 2013 to 74 last month – a 19% decrease.
Currently Last Year
Active Listings: 509 vs 371
Pending Listings: 57 vs 73
Sales Per Month: 74 vs 91
Sales Per Year: 896 vs 1045
Median Price: $633k vs $685k
85258
Including The Ranches of McCormick, Scottsdale, and Gainey, listings are up 31% over last year, while the median price is showing an 11% gain over August 2014.
Currently Last Year
Active Listings: 146 vs 111
Pending Listings: 18 vs 23
Sales Per Month: 38 vs 36
Sales Per Year: 379 vs 413
Median Price: $520k vs $480k
85259
Well, if we had an East Scottsdale, it would include the 85259 Zip which extends from 104th Street to Fountain Hills and has a portion of Scottsdale Ranch, south of Shea. These communities, mostly developed in the late 80’s and 90’s are very popular with year-rounders as well as snowbirds. The median price is up 12% from this time last year. Current listings are up 46% from last year – no supply problem here!
Currently vs Last Year
Active Listings: 230 vs 157
Pending Listings: 33 vs 39
Sales Per Month: 38 vs 43
Sales Per Year: 425 vs 501
Median Price: $595k vs $530k
85260
Perhaps North Scottsdale’s most central and (next to 85254) it’s most affordable zip code. The median price is pretty much mirroring August of last year, while sales were exactly the same from last year at 48 for the month.
Currently vs Last Year
Active Listings: 215 vs 145
Pending Listings: 33 vs 37
Sales Per Month: 48 vs 48
Sales Per Year: 481 vs 579
Median Price: $423k vs $430k
85262
North Scottsdale’s most expensive and one of its nicest community’s, the median price is up slightly from last year. Pending listings are down slightly.
Currently vs Last Year
Active Listings: 352 vs 308
Pending Listings: 35 vs 40
Sales Per Month: 32 vs 42
Sales Per Year: 420 vs 467
Median Price: $740k vs $735k
85266
These very popular and upscale communities which are the North of North Scottsdale, and which is home to the newest zip code being added to Scottsdale, has seen appreciation of almost 20% from one year ago. Pending sales and August sales are down slightly from one year ago.
Currently vs Last Year
Active Listings: 150 vs 121
Pending Listings: 18 vs 20
Sales Per Month: 21 vs 25
Sales Per Year: 268 vs 374
Median Price: $735k vs $620k
85253
(Paradise Valley): The Valley’s most upscale, prestigious, and expensive town currently has 301 homes for sales compared to 258 one year ago. Closed and Pending sales in Paradise Valley are off slightly from one year ago.
The median sales price is currently $1,235,000 — virtually unchanged from one year ago.
Currently vs Last Year
Active Listings: 301 vs 258
Pending Listings: 19 vs 24
Sales Per Month: 22 vs 30
Sales Per Year: 352 vs 386
Median Price: $1.235k vs $1.270k
85268
(Fountain Hills): Scottsdale’s most immediate eastern neighbor is accurately named for its mountain slopes and town fountain. For those wanting a small town feel, it doesn’t get much better than here.
Currently vs Last Year
Active Listings: 236 vs 193
Pending Listings: 21 vs 27
Sales Per Month: 32 vs 43
Sales Per Year: 450 vs 531
Median Price: $369k vs $375k
85331
(Town of Cave Creek): Cave Creek has done a great job of standing strong in value. The median sales price of $424,000 for August is up 13% from 2013 and pending sales are about the same as last year too.
Currently vs Last Year
Active Listings: 292 vs 243
Pending Listings: 58 vs 59
Sales Per Month: 56 vs 61
Sales Per Year: 609 vs 697
Median Price: $424k vs $375k
85377
(Carefree) The delightful and small town of Carefree is almost too small to accurately compare year to year stats. Having stated that, sales are way down from August 2013 at 60 – this compared to 115 one year ago. The median sales price brings one word to mind: BARGAIN!
Currently vs Last Year
Active Listings: 74 vs 63
Pending Listings: 4 vs 4
Sales Per Month: 5 vs 7
Sales Per Year: 69 vs 115
Median Price: $537k vs $850k
85086
(Anthem – North Phoenix) These communities remind me of North Scottsdale back in the mid 90’s – newer homes with beautiful mountain views in an unspoiled northern environment. These communities are the bargains of the valley. Prices are so affordable and only a 30 minute drive time to Sky Harbor Airport. Prices are unchanged from one year ago, with sales being down 26%.
Currently vs Last Year
Active Listings: 376 vs 281
Pending Listings: 66 vs 101
Sales Per Month: 96 vs 122
Sales Per Year: 936 vs 1273
Median Price: $275k vs $275k
*With thanks to Michael Orr and the Cromford Report for the Statistics used.
by JONATHAN BODEEN | Aug 22, 2014 | Bodeen Team Blog, Luxury Communities, North Scottsdale News
Scottsdale has been around for a relatively long time now, and while it still a prestigious place to live, it can be next to impossible to find a new home in the core of the downtown area. That’s why I was excited to read Edward Gately’s article in the Arizona Republic about some fabulous new construction going in downtown. A Canadian company (what’s with Canadians and Scottsdale eh?) is actually going to be building a new 1st class condominium project right in the heart of downtown. Apparently the new condos will come complete with an outdoor organic herb garden and a lap pool, a veritable hipster’s paradise!
The company is called Landmark and the community they are building will be called Aerium. It’s hard to imagine these condos not being a hit, especially with the out of town crowd. Pre-sales will apparently be happening as soon as this fall.
There’s no question this is good for Scottsdale and by association Phoenix as a whole. When foreign companies spend 12 million to invest in our local hotspots, it shows a favorable view from an economic standpoint. Keep em coming Canada!
Read Edward Gately’s article here on AZCentral.com
by JONATHAN BODEEN | Jan 23, 2014 | North Scottsdale News
Information about North and South Scottsdale including history, activities, recreation, real estate and much more! Click the quick links below to navigate to the information you need:
Learn more about Scottsdale, Arizona.
Scottsdale is one of the top-rated cities to live in America and has many excellent communities. CNN/Money.com’s Best Places currently ranks Scottsdale as number 35 out of all cities in the country. In October of 2005, the NBC Today Show featured Scottsdale as one of the 100 Best Communities for Young People to live. We couldn’t agree more as our children love it here in Scottsdale and they also enjoy the recreational activities available.
Community Information
We have over 225,000 residents the City of Scottsdale. According to the Greater Phoenix Economic Council, that number has grown by 72% since 1990. Scottsdale is over 30 miles long from the north end, which borders Carefree, to the south end at Tempe. It extends from Phoenix on the west to Fountain Hills on the east, a distance of about 8 miles.
Considering the vastness of the city, how does one begin to search for the right community, let alone the right house – especially if you’re a newcomer to our wonderful city? Well, by reading through this “Explore Scottsdale Communities” section, we hope to provide a head start for you.
FAST FACTS – Scottsdale, Arizona
- 2005 population: 225,000
- Growth from 1990: 72%
- Median Age in 2000: 41 yrs.
- Median Home Price: $600,000
North Scottsdale
- Total Housing Units: 125,610
- Median Year Built: 1985
- Median Rent: $833.00
- Median Fam. Income: $78,650
Proximity to the Grand Canyon: 4.5 hours
A Bit of History – Winfield Scott
If we turn back the clocks to 1888 you might be able to witness a gentleman making a purchase of land in what is now Scottsdale. You would see him buying 640 acres, a sizeable piece of property for a, um, hefty sum of $1,600. You read that correctly, only one thousand, six hundred dollars! However, paying $2.50 an acre for desert didn’t seem like such a bargain when it was covered in cactus and needed clearing, irrigation ditches and roads. Heck, they didn’t even have air conditioning, sunscreen or sunglasses…
Turn the clocks ahead today and you will find that just one of those acres alone would now bring several hundred thousand dollars. There are now 100 golf courses with a reasonable driving distance and the City of Scottsdale is deemed to be one of the finest cities to live in within the entire United States.
So who was this founding father of Scottsdale? He was an Army Chaplain, a Baptist minister, a war veteran who was wounded a number of times, was married and had four daughters.
The West’s Most Western Town
Scottsdale received this title in years past but it is getting a bit harder to see why. Western style shops sit in Old Scottsdale (downtown) side-by-side with new restaurants, art galleries and shopping. Yet there are still a large number of horse properties within the City limits and the desert sunsets still remind us of the not-too-distant past.
Speaking of Art Galleries…
If you plan on visiting all the Art Galleries in Scottsdale I hope you plan on living here for a good while. There are currently over 110 listings on the Scottsdale Convention & Visitors Bureau site. So saddle up and check them out.
Weather in Scottsdale
In a word – Terrific! (and you thought we would say “Hot!”). Well, it can get a bit steamy in July and August but the reason many people move to Arizona is the weather. The winters here are free of ice and snow (except in the mountains 2 hours north) and golfers enjoy their sport year-round. Many people don’t realize there are several large lakes for boating, fishing, jet-skiing, etc. within an hour’s drive in several directions.
How’s Business?
In addition to our wonderful weather, golfing, communities and recreation, Scottsdale is a great place to do business. In fact, perhaps those reasons are why so many people have opened new businesses or relocating existing businesses to Scottsdale. The Scottsdale Airpark in North Scottsdale is now one of the top employment areas in the State.
Recreation and Outdoor Activities in Scottsdale
Scottsdale is a mecca for those enjoying an active lifestyle. With year-round sunshine the outdoor lover will find hiking, climbing, hot-air ballooning, Jeep & Hummer tours, river rafting, parks (Grand Canyon anyone?), theme parks, etc. Two hours north you can snow ski in the winter and you can water ski or jet ski on our local lakes within an hour’s drive.
For those enjoying their activities indoors, there are Classic Car Auctions (Barrett Jackson and others), Casinos, Shopping Malls (is that an activity?), world-class spas, spring training baseball, terrific resorts and restaurants, and the list goes on.
Spend time exploring the amazing variety of activities available in Arizona!
