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Scottsdale is situated Arizona’s Valley
of the Sun, just east of Phoenix and north of Tempe. As the area grew
beyond its ranching traditions to embrace golf enthusiasts, retirees,
relocating families and professionals, Scottsdale real estate evolved
to accommodate new expectations and diverse lifestyles.
Today,
Scottsdale real estate offers custom-built homes of all shapes and sizes
in master planned communities; golf homes on and near the city’s
29 golf courses; equestrian homes/ranches that are horse-ready; waterfront
communities built around man-made lakes, and in-town homes, condominiums
or apartments in older established neighborhoods near the Old Town entertainment
and art district.
Scottsdale real estate in the older South
section of the city will generally be the most affordable. The Scottsdale
real estate found here is mostly smaller single family attached and
detached homes (1200 to 2400 square feet), with some apartments. South
Scottsdale real estate was built between the 1950s and the 1970s. There
are homes available in the $120,000 to $220,000 range. Because this
area is near the new Tempe Town Lake area, Scottsdale real estate professionals
expect it to become a more desirable and popular location.
The Central
area of Scottsdale (south of Scottsdale airport) offers buyers a wider
variety of Scottsdale real estate, and larger homes than they will find
in the South. Central Scottsdale is a mix of custom built homes, patio
homes, townhomes, condominiums and apartments, set in neighborhoods
that offer golf courses, bike and walking paths, man-made lakes and
open green space. Since this area was built mainly during the 1970s
and 80s, it also includes Scottsdale real estate within master planned
communities. Median home price is around $268,000; Scottsdale real estate
in this Central area is available for under $200,000.
North
Scottsdale is the newest section of the city and the fastest-growing
area in the Valley. Scottsdale real estate development began moving
up into the desert and toward the McDowell mountains a little more than
10 years ago, to meet the demands of a continually expanding population.
It is possible to find homes for around $200,000 in areas closer to
the city that were built in the early and mid-90s. Newer North Scottsdale
real estate, in master planned communities, will generally start over
$300,000 and rise dramatically in the newest, most luxurious and exclusive
communities close to the mountains.
The Scottsdale
real estate market for condominiums follows the area’s home-pricing
pattern. Condominiums in Central Scottsdale are priced well below those
in the newer North communities. The range for condo units throughout
the Scottsdale real estate market is very broad: It starts at about
$60,000 and goes up to $1 million. Units range in size from 1000 square
feet to about 4000 square feet.
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