This morning, the updated Scottsdale real estate reports from Altos Research showed a nice surprise. Sustained improvement in the Scottsdale 85258 market, for single family homes. Looks like a true supply and demand curve. Inventory decreases – prices increase.
The condo market in the same zip code has a totally different look. The median list price for condos is increasing, as inventory increases.
This is one of those trends to keep an eye on. With the significant commercial development going on to the east of this zip code, homes in this area should maintain their values better than many other areas.
Major subdivisions in Scottsdale 85258 include: McCormick Ranch, Gainey Ranch, and Scottsdale Ranch.
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