This upscale north Scottsdale ZIP code posted the third-biggest increase in the Valley.
This area is second only to Paradise Valley for metropolitan Phoenix's priciest homes.
The increase: The ZIP posted a 13 percent increase in median home prices this year. Most of the price increase came from existing home sales in golf communities such as DC Ranch. And while prices climbed here, Paradise Valley experienced a 5.6 percent drop.
Median price: The jump pushed the median home price above $1 million for the first time.
The ZIP code, north of Bell Road next to the McDowell Mountains, had fewer than 50 new homes go up. The Loop 101 has helped this neighborhood as well as the rest of north Scottsdale grow.
Communities in this ZIP code draw second-home buyers as well as Valley executives. Several big firms have moved their corporate headquarters to the Scottsdale Airpark during the past few years.
This Blog is brought to you by the 777Team. The 777Team specializes in Scottsdale Luxury homes, investment properties, Scottsdale real estate, Phoenix real estate, or real estate in any of the surrounding Valley Cities, such as Paradise Valley, Pinnacle Peak, Tempe, Chandler, Mesa, Cave Creek, Carefree, Glendale, Peoria and others. Buyers, Sellers or Investors are encouraged to visit the 777Team's website at www.e-Scottsdale.com as it is designed to be a one-stop source for all real estate information and consumer research for properties throughout our Valley Cities and community information.
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