Scottsdale and Phoenix are continually listed among the hottest real estate markets in the nation. In a 2016 forecast report by Realtor.com, Phoenix (which includes Scottsdale, Fountain Hills and other surrounding areas) nabbed the #1 spot, beating out Los Angeles, Boston and Tucson. Prices were expected to rise slightly, with sales growth increasing 7.2%. By March, the prediction was already coming true.
At Walt Danley Realty, we’ve seen continued growth in the Northeast Valley luxury home market. In April alone, there were nearly 1,000 luxury properties available in the Scottsdale area, with sales netting about 91-94% of asking price. It’s a great year for buying a luxury home if you know where to look. Considering the desirability of the area, along with nearby amenities and buying trends, here are five of our top neighborhood picks for luxe living.
Contact us today to inquire about properties in these and other Phoenix metropolitan areas.
Named one of Forbes magazine’s 25 Top Places to Retire Rich, PV is an upscale urban community known for expansive desert vistas and low crime rates. Homes are large and widely spaced over the community’s 16 square miles, yet central enough that grocery stores and major retailers are a short car ride away. The average age here is 54, making it an ideal location for retirees or executives and their families.
With its winding roads and shady, tree-lined streets, this East Phoenix neighborhood consistently ranks as Phoenix’s most desirable living area. Its proximity to top-rated schools and trendy restaurants such as La Grande Orange, Ingo’s Tasty Food and The Grind attracts established families with school-age children. Homes here range from sprawling, mid-century ranches and vintage Spanish-style Haciendas to newer builds.
Encompassing the Pinnacle Peak area east of Carefree and north of McDowell Mountain Park, the North Scottsdale neighborhood is home to the prestigious, 36-hole Troon North Golf Club and 1,800-acre Troon North master planned community. Pinnacle Peak and the McDowell Sonoran Preserve are popular hiking spots, and there are plenty of horse trails and climbing spots nearby for outdoor enthusiasts.
The uniqueness of this mountainside town lies in its eclectic architecture and 560-foot-high fountain. Here, you’ll find orange-red stucco homes that practically blend into the hills, with a more diverse range of contemporary ranches and modernist builds in the less populated zones. The town is especially dark and quiet in the evenings, making it a prime spot for stargazing from one of the local restaurant patios.
Centered around the posh Arizona Biltmore Resort & Spa, this well-established district offers modern amenities with a touch of old-school glamour. Homes here are stately and elegant, though the area’s centralized location between business districts attracts as many upper-echelon professionals as it does retirees. Many of Phoenix’s most influential designer shops are located at Biltmore Fashion Park, alongside several of restaurateur Sam Fox’s eateries.