Looking to Enter Scottsdale Market
Hey there BP!
I have been doing research and I am looking to invest in Scottsdale area. I was seeing if anyone knows of any good agents in the area to help me find the hot niches or if anyone knows how Scottsdale is doing in general. To be honest, looking for hot market anywhere. I know Nashville is growing as well but I'd like to stay on the west side of the US as we are located in San Diego, CA. Where do you guys see the hot markets?
Most Popular Reply
Hi @Jack Cole. Scottsdale is an attractive market for several reasons...smart of you to put us on your list. We are a major destination for sporting events (Phoenix Open, Spring Training Baseball, as well as NFL/NBA/NHL), lifestyle and events (Barrett-Jackson Auto Auction), shopping, dining...you name it. We have a diverse, growing, upscale economy and lots of well-paying corporate jobs.
Things are slowing right now, as they are across the country, but our diverse metro Phoenix economy will help us rebound when COVID 19 reverses course. I've lived (and sold/invested in real estate) here since I moved to Arizona to attend ASU. It's a great place to live if you like sun, golf, outdoor activities like hiking and boating...and real estate that appreciates. Even now, with the doom and gloom in the headlines, we are still technically in a seller's market with supply far below normal. In a balanced market we have 30,000 active listings across the all property types. I just checked and we have just under 14,000 active listings.
There are definitely pockets in Scottsdale where you can find good buys. And depending on how motivated sellers might be in 3 to 6 months, there may be even more opportunities.
It's easy to get here and our weather is awesome 8 months out of the year. I'm happy to answer any questions.
Melanie