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]