Scottsdale Real Estate Market in as High Demand as Metro Phoenix

Although so much of the national housing spotlight has been on Phoenix, it is important to remember that the Scottsdale real estate market is growing just as steadily as that of the Arizona capital. Both Phoenix and Scottsdale real estate, quite affordable when compared to other national metropolitan areas, is seeing a great deal of very rapid appreciation.

U.S. Statistics show that Scottsdale real estate rose 20 percent between March 2004 and March 2005. Home prices have risen 51 percent over the five past years, but more recently, annual Scottsdale real estate price appreciation has been estimated between 37 and 47 percent in the second quarter. Plus, the Phoenix-Mesa-Scottsdale area is ranked one of the top three U.S. metro markets in price appreciation.