An Overview of the Condo Resale Market in Scottsdale, Arizona

This afternoon, I sat down to analyze the very intriguing condo resale market in Scottsdale, Arizona. Coming from the Midwest, where the ground is just beginning to freeze, and warm thoughts are on everyone's mind, this time of year attracts many the "snow bird" to my cell phone, and eventually, to my doorstep here in Surprise. (I often joke with family flooding my home that I should have bought a larger home.) This year, the calls have begun, only this time, it isn't for a welcome weekend visit, but for my real estate expertise. Now is the time to buy, and family and friends from the Midwest aren't going to be the last to take advantage of the prime market here in Phoenix.

So what does the condo resale market look like in the Biltmore and Scottsdale area?

To say I was mildly surprised at what I found would be an exaggerated understatement.

SYNOPSIS:

#condos currently for sale under $100,000: 17 (lowest list price: $30,000)

#condos currently for sale between $100-150,000: 32

#condos currently pending: 11, ranging from $49,900 - $669,900

Mean sales price excluding high and low end homes: !138,740

After reviewing several of the unit amenities and spending some time truly browsing through the agent pictures provided, I came to the conclusion that my Midwest buyers are right on. Now is MORE THAN A GREAT TIME to invest in a condo in the Biltmore/Scottsdale area.

Bring on the "snow birds" (and anyone else ready for the sun). Scottsdale Welcomes You.

***All condos analyzed were in the Scottsdale/Biltmore area, and contained private pool/spa amenities.