North Scottsdale’s real estate market is a hotbed of activity. Property values are on an upward trend in this part of Arizona, and it appears that the demand for housing isn’t going away anytime soon.
Scottsdale experienced one of its biggest population surges during the pandemic, largely fueled by opportunities for remote work and individuals seeking the lifestyle offered by its incredible winter weather. But the city’s appeal reaches beyond those advantages, and the North Scottsdale niche has consistently exhibited high demand, especially among luxury buyers.
Today, many are drawn to the neighborhood’s year-round sunshine, sprawling golf courses, and luxury dwellings, all of which contribute to the desert town’s high-value housing market.
NORTH SCOTTSDALE, AZ REAL ESTATE
If you’re thinking about relocating to Scottsdale, you’re not alone. Data shows that people from metropolitan areas like Los Angeles and Seattle have been eyeing homes in the city, possibly in search of a more relaxed lifestyle. North Scottsdale, being home to some of the most prestigious golf facilities in the city, remains a prime destination.
The area’s desirability is mirrored in its rising home prices. As of June 2024, North Scottsdale boasts an average sales price for single family homes of $1.6 million, or $483 per square foot. This marks a year-over-year increase of 8%, and a 27.8% increase since 2021.
A snapshot of homes for sale in North Scottsdale:
- Single-family homes are the most common property type you’ll find in North Scottsdale. Prices start around $600,000 for a 2-bedroom home with a 1,000-square-foot lot.
- Luxury homes in North Scottsdale are particularly desirable, with high-end features and spacious lots. On this end, properties can go from $5 million for a 4-bedroom home with acreage, to as much as $28 million for a mansion with more than 21,000 square feet of space.
- Many of the most luxurious homes in North Scottsdale can be found in gated golf communities, such as Desert Mountain, Silverleaf, Estancia, or Troon.
For buyers, North Scottsdale offers a lifestyle that’s hard to match. Abundant sunshine, upscale amenities, and access to outdoor recreational activities means it’s an incredible place to buy a home, and the prices are well worth it. The area’s reputation for luxury living and its scenic beauty make it an attractive option for those seeking a long-term investment in a desirable location. What’s more, the appeal of North Scottsdale extends beyond current trends, ensuring that properties maintain their value over time.
And for sellers, North Scottsdale is a promising market. It’s a place where growth is steady, and there’s always a demand from affluent buyers. The market knows the timeless appeal of this area, which means sellers have the chance to make a tidy profit on their investment.
No matter which side of the transaction you’re on, having an expert Realtor by your side is the most important thing. Julie Pelle’s impressive track record of sales and keen pulse on the Scottsdale housing market makes her the ideal partner when navigating the North Scottsdale real estate landscape.
For a personalized consultation, get in touch with Julie Pelle at 480.323.6763 or through email.