by MICHAEL BODEEN | Oct 2, 2020 | Friday Focus, North Scottsdale News, Real Estate News, Uncategorized
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].
by MICHAEL BODEEN | Sep 25, 2020 | Friday Focus, North Scottdale Zip Code Information, Real Estate News
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].
by MICHAEL BODEEN | Sep 25, 2020 | North Scottsdale News, Real Estate News
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.
by MICHAEL BODEEN | Sep 14, 2020 | Buying a Home, North Scottdale Zip Code Information, North Scottsdale News, Real Estate News, Selling a Home
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.
by MICHAEL BODEEN | Sep 11, 2020 | North Scottdale Zip Code Information, North Scottsdale News, Real Estate News, Selling a Home
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].
by MICHAEL BODEEN | Sep 8, 2020 | North Scottsdale News, Real Estate News
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
