If you are looking to buy a home in the Scottsdale, Arizona market, now is the time to make your move.
According to Zillow, the average home value in the Northern Scottsdale area is rapidly climbing. The home values in the Troon North neighborhood have gone up 3.8% over the past year and early predictions are showing this trend will continue and rise an additional 2.1% within the next year. The median list price per square foot in North Scottsdale is $240, which is higher than the Scottsdale average of $235.
With the luxury housing market in Scottsdale continuing to build momentum, all indications are showing that property in this area will gain value year-over-year for a number of years to come. In 2015, in a study by the Arizona Republic, the median home price in North Scottsdale jumped by 4%. Homes that are closer to Cave Creek also grew by an unheard of 7%. In the same study, increases escalated in early 2016 by about 11% higher than in the first quarter of 2015.
In the study, Northern Scottsdale ranks first in total sales throughout the state with more than 1,100 houses in the area being sold in 2015 for a combined price of nearly $983 million, with a median price around $675,000. Most of the activity came from resales, but approximately 13 percent were from homes that were new builds.
When reviewing information from realtor.com, you can easily find that year-over-year real estate market trends in Scottsdale, Arizona rise steadily in listing price and price per square foot. In addition, the days on market for homes continues to decline with more and more homes selling quickly between 60-80 days.
NeighborhoodScout.com also shares that larger homes are difficult to find in the Scottsdale area. With four-bedroom properties representing 19% of the inventory and five, or more, bedrooms only representing 5.6% of the properties eligible for purchase.
So if you are looking for the perfect home in the Northern Scottsdale area, take a look at Chateau Crest. This luxury four-bedroom, six-bathroom estate on 1.15 acres will be offered at a no-reserve auction by Supreme Auctions on December 16, 2017. This exclusive property offers an abundance of amenities with its gourmet kitchen, en suite bedrooms, library, home theatre, game room, expansive outdoor space, negative-edge heated pool, six fireplaces, wine room, and four-and-a-half car garage. Each step that you take into this majestic villa, the exceptionally well-crafted features throughout this home will deliver you to a pristine desert utopia. To learn more, contact Supreme Auctions at (866) 929-2243 or visit http://www.supremeauctions.com.