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%|
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].