Not So Many New Homes In Scottsdale Arizona

Scottsdale accounted for just over 2,500 new home permits in 2005, about 4 percent of the entire market, according to local housing expert RL Brown.

RL Brown reports that the metro Phoenix market area had 63,570 new home building permits issued in 2005. He sees Scottsdale's numbers increasing slightly in 2006.

"Scottsdale will see an improvement. There is going to be a burst of activity, with the Waterfront condos coming along nicely", he said. Surging prices have pushed some buyers into condos... yet there still are not so many new homes in Scottsdale being built anymore.

Brown expects the condo market will continue to grow- about 6 percent in 2006. "But condos will not become the dominant housing choice in this market", he said. He predicts that only 15 to 20 percent of the announced mid-rise condo projects in the Valley will be built. More...