Scottsdale Real Estate Update: Now that the weather’s cooling down, where is the market warming up?

by Dru Bloomfield on October 6, 2008

With the weather is cooling off, open house signs are starting to pop up around Scottsdale.  Since the price of gas still very high, being smart about where you are home shopping is more critical than ever.

Scottsdale Real Estate Update - October 2008

Scottsdale Real Estate Update - October 2008 (Source: Altos Research)

Last week, I wrote about south Scottsdale, specifically zip code 85257.  Entry level housing in this part of town is definitely perking up, although it’s still a buyer’s market.  Also, I’ve been noticing some improvement in 85254, the Scottsdale zip code that still primarily in the City of Phoenix.  The other area that’s interesting this week, is the area around and to the north of Fashion Square mall (85250).  Listing prices are going up, and days on market are decreasing.  However, it’s still a very strong buyer’s market in this area, so home selection will be good.

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