Scottsdale Home Prices Holding Up Market

As the number of homes on the market rises and home prices fall across the country, Scottsdale's real estate market remains strong. A recent report by USA Today demonstrated that although some home prices in the Scottsdale area have fallen, their time on the market remains less than 40 days. There are a lot of homes on the market, but buyers are still snapping them up, demonstrating the value attached to homes in this area.

There is value to be found in Scottsdale-area homes in the sub-$700,000 price range, as smaller home prices have fallen compared to a year ago. Homes priced above that level continue to sell very strongly.

The USA Today article highlights an 11.25 acre ranch purchased in 1999 for $3.2 million which is on the market at a price of $12 million, highlighting the strong appreciation in Scottsdale real estate over the last decade.

If you are going to purchase property in Scottsdale, we strongly advise you to seek the expertise of an agency that knows this area. Choice Group Realty specializes in Scottsdale and others areas around Phoenix, and we know how to get you the most home for your money (or get the most money for your home). So contact us today.