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].
