Revitalization Brings Bigger, Better, More Expensive Scottsdale Homes

All of Scottsdale is abuzz about the city´s plans for South Scottsdale´s revitalization. Business owners are starting to worry about increasing rents, while developers can´t wait "to tear down the old and cut the edge with extravagant urban" Scottsdale homes.

Driving the revitalization is the $300 million ASU Scottsdale Center for New Technology and Innovation and the city´s $1 billion dollar investment in parking garages, renewed infrastructure, public transportation, walkways and bikeways.

This revitalization includes big plans for developing new Scottsdale homes. Developers expect that within the next few years, Scottsdale residents will "move into 1,400 new condominium units that start near the $300,000 range and run into the several millions."

All of the new development will push the prices of South Scottsdale homes to levels never seen in the area. The median price for Scottsdale homes already stands at $291,500, so residents can only wait and see what a revitalized SoSco will bring.