Scottsdale Real Estate Market Soars

Scottsdale Real Estate Market Booming...

The Scottsdale Arizona Republic reports that Scottsdale is starting to build "higher" as the area runs out of land and the quality of life continues to outpace any other town in Arizona.

The upward trend is a symptom of both the Valley's growth as a whole and Scottsdale being virtually out of new land to develop, said RL Brown, publisher of The Phoenix Housing Market Letter.

"This is primarily a population-driven housing market, and as long as people want to move here this will continue to be a booming housing market," Brown said.

Scottsdale and Valley-wide housing markets should fare about the same in the coming years, he said, though Scottsdale may not grow as fast as elsewhere because of its limited land supply and higher housing prices.

Scottsdale real estate and housing prices rose about 35 percent during the last year.

Several of the new high-rise condo projects are noted in the article.

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