How To Sell A House You Don’t Own
A bizarre attempted sale in Scottsdale is a reminder that real estate fraud does not always begin with a forged deed. Sometimes it begins with
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A bizarre attempted sale in Scottsdale is a reminder that real estate fraud does not always begin with a forged deed. Sometimes it begins with
The city of Scottsdale has officially backed down in its battle with the state over new accessory dwelling unit (ADU) legislation—commonly known as the “casitas
Key Points Why This Matters for AZ Investors
Key Points Why This Matters for AZ Real Estate Investors
The first residents have moved into the highly anticipated $1 billion Optima McDowell Mountain community — marking a new era of mixed-use luxury in North
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Scottsdale remained one of the strongest housing markets in the Phoenix Metro during August.
Home prices continued to outperform the broader Valley even as buyers took longer to make decisions. On the rental side, available inventory declined, rents increased, and homes leased considerably faster than they did a year ago.
For Scottsdale property owners, the August data shows a market that remains relatively resilient despite mortgage rates approaching 7%.
Scottsdale continues to outperform the broader Phoenix Metro on pricing.
Metro-wide home prices were slightly below last year in August. Scottsdale remained 4.5% higher.
That strength has persisted throughout the summer. Median sold price per square foot was up 3.9% year over year in June, 5.4% in July, and 4.5% in August.
Inventory is also still below last year.
The softer signal is selling time.
Average days on market increased from 68 days in June to 78 in July and 82 in August. Buyers may be willing to pay Scottsdale prices, but they are taking more time to make decisions.
That makes Scottsdale a strong market—but not an indiscriminate one.
Scottsdale has another advantage compared with fast-growing markets like Buckeye, Maricopa, and San Tan Valley: relatively little new single-family construction.
That means existing homeowners face less direct competition from builders offering new homes, incentives, and mortgage-rate buydowns.
The new housing that is being added tends to target higher-end buyers.
For example, Toll Brothers at Cavasson is planned to bring 135 luxury townhomes to North Scottsdale, with expected pricing around $1 million or more.
That type of construction adds supply, but it serves a very different market than the large-scale entry-level subdivisions being built in the outer Valley.
Scottsdale’s rental market strengthened again in August.
Available inventory declined from 731 homes in June to 730 in July and 710 in August.
Rent growth moved in the opposite direction.
Median rent increased from $1.80 per square foot in July to $1.86 in August and is now 3.9% above last year.
Leasing speed improved as well.
Median days on market dropped from 40 days in June to 39 in July and 35 in August. Rentals are now leasing almost 28% faster than they did a year ago.
That combination—lower inventory, higher rents, and faster leasing—is one of the strongest rental setups among the markets we track.
North Scottsdale continues to add a mix of housing, employment, healthcare, and retail development.
Optima McDowell Mountain has begun welcoming residents to a $1 billion mixed-use development near Loop 101 and Scottsdale Road.
The project will ultimately include more than 1,300 apartments and condos along with retail and dining.
That adds rental competition, but it is also arriving alongside major employment investment from employers including ASM, Banner Health, and Mayo Clinic.
The result is an increasingly concentrated live-work-play corridor with both new housing supply and new demand being created at the same time.
Axon’s planned Scottsdale headquarters is another important piece of the long-term housing picture.
The city’s compromise with Axon allows the $1.3 billion headquarters campus to move forward with approximately 1,200 residential units along with commercial development.
That project will add housing supply, but the more important long-term impact may be employment.
Large concentrations of high-paying technology, healthcare, and corporate jobs support demand for both owner-occupied and rental housing throughout North Scottsdale.
Scottsdale’s current rental market is tight, but landlords should not assume that today’s conditions will continue indefinitely.
Olea Scottsdale is expected to add 335 apartments and 108 townhomes near Grayhawk and One Scottsdale.
Those units are not expected immediately, but projects like Olea show that developers continue to respond to Scottsdale’s strong rental demand.
For existing landlords, the takeaway is not that supply is excessive today.
It is that future competition should be monitored closely—particularly in North Scottsdale.
Scottsdale remains one of the strongest housing markets we track.
The sales market continues to benefit from limited supply, high-end demand, and relatively little large-scale new-home competition. Buyers are taking longer to transact, but that caution has not yet translated into broad price weakness.
The rental market may be even healthier.
Landlords currently face fewer competing homes, rents are increasing, and properties are leasing faster.
The primary long-term question is whether continued luxury apartment and mixed-use development eventually catches up with demand.
For now, Scottsdale remains one of the few Phoenix-area markets offering relatively strong fundamentals on both sides of the housing market.
For owners considering Scottsdale property management, Home Ladder can provide a free rental analysis comparing your property with current listings and recently leased homes in the surrounding area.
Scottsdale remained one of the strongest housing markets in the Phoenix Metro area in July.
Home prices continued to rise despite higher mortgage rates, while both sales and rental inventory remained below last year’s levels. The rental market was particularly healthy, with rising rents and much faster leasing.
For Scottsdale property owners and investors, demand remains strong—but buyers and renters are still taking their time at the higher end of the market.
Scottsdale continues to show more pricing power than most Valley markets.
Buyers have fewer homes to choose from, while sale prices remain well above last year’s levels.
Homes are taking slightly longer to sell, however, suggesting buyers are still selective—especially at Scottsdale’s higher price points.
Higher mortgage rates appear to be slowing transactions more than they are hurting values.
Scottsdale’s rental market remains healthy.
Available rental inventory is significantly lower than last year, while rents continue to increase.
Homes are also leasing much faster, suggesting strong tenant demand despite Scottsdale’s higher rental prices.
For Scottsdale property management, the combination of tighter supply, higher rents, and faster leasing creates one of the more favorable landlord environments among the markets we track.
Luxury housing and employment growth remain important parts of Scottsdale’s long-term story.
Optima McDowell Mountain recently welcomed its first residents. The $1 billion mixed-use community near Loop 101 and Scottsdale Road will ultimately include more than 1,300 apartments and condos along with retail and dining.
The surrounding area is also benefiting from major healthcare and technology employers, including Mayo Clinic, Banner Health, and ASM.
Another major project is Axon’s planned $1.3 billion Scottsdale headquarters campus. The project is planned to combine a major employment center with residential and commercial development.
Together, these projects reinforce North Scottsdale’s position as a major live-work-play corridor and help support long-term demand for both owner-occupied and rental housing.
Scottsdale continues to outperform much of the Phoenix Metro housing market.
The sales market remains supported by limited inventory and strong demand for luxury housing, while the rental market is benefiting from tighter supply, higher rents, and faster leasing.
For landlords, Scottsdale currently offers a favorable combination of pricing power and tenant demand. The biggest challenge remains setting the right rent for a market with a wide range of property types and price points.
If you own a rental property in Scottsdale, Home Ladder’s Scottsdale property management team can provide a free rental analysis to help determine the right rental price for today’s market.