Which is Best for Me Scottsdale 85251 or 85255?
Finding a home can be a tough job and there are a lot of things to be considered. From the local neighborhood to the school where your kids should go to, all of these should be taken into account. Sometimes, this can be an exhausting experience, especially if you are relocating to a new place. You search on the internet on the highlights of a certain neighborhood, you ask a local resident or ask for a help of a local real estate agent that would help you in your quest in finding a home. Interested in relocating to Scottsdale, AZ and still undecided on which zip code is best for you? We are here to help you by providing information that can be used in your decision making process. The article Scottsdale Real Estate, AZ 85251 or 85255 is an example of the research we can provide our clients. In this example of Scottsdale Real Estate, AZ 85251 or 85255 – Which is best for you? Scottsdale, AZ 85251
85251 is a densely populated, urban zip code in Scottsdale, Arizona. The population is primarily white, and mostly single. Housing prices here (average $138,200) are fairly typical for the Phoenix-Mesa-Scottsdale metro area.
Scottsdale, AZ 85255
85255 is an affluent (median household income: $97,675) upscale rural zip code in Scottsdale, Arizona. The population is primarily white, older, and almost entirely married couples. At $352,800 the average home value here is a bit higher than average for the Phoenix-Mesa-Scottsdale metro area, so this probably isn’t the place to look for housing bargains.
Scottsdale Real Estate Community Characteristics
Education: Highest Level Attained
Find out the highest level of education achieved by the people within this local market.
These levels can help you determine if you want to live in a certain area.
Price Trends – Sold vs. Listed
Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).
By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
Scottsdale Real Estate Market Inventory Trends
To understand if the market inventory is growing or shrinking, compare the number of sold properties tonew listings. If inventory is growing, the market could be trending toward a buyer’s market. If inventory is shrinking, then it could be a seller’s market.
Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer’s market.
- Sold: Properties sold that month
- New: Listings that are new on the market
- Distressed: Listings that are short sales, bank owned, or up for auction.
- Standard: Non-distressed listings
Property Ownership for Scottsdale Real Estate
This chart shows home occupancy within an area.
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
Crime Risk Scottsdale Real Estate
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Article: Scottsdale Real Estate, AZ 85251 or 85255 is brought to you by the Luxury Valley Homes team that specializes in Scottsdale real estate.
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