Last month, a visual comparison between Scottsdale real estate 85254 and 85266 was published to show the strong points of each of the zip codes (you can read the article here). Now, we are going to compare other two zip codes that are just wonderful places to live and raise a family - Scottsdale real estate 85258 and 85262. Here we are going to tackle the differences in terms of community characteristics, price trends, property ownership, schools and such.
Choosing a place to live in is not an easy task. It is both time consuming and tiring pursuit yet a very rewarding one once you have finally found the home of your dreams.
Scottsdale Real Estate 85258
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Scottsdale Real Estate 85258[/caption]Scottsdale real estate 85258 is an upscale suburban zip code in Scottsdale, Arizona. The population is primarily white, older, and mostly married couples. At $252,200 the average home value here is a bit higher than average for the Phoenix-Mesa-Scottsdale metro area, so this probably isn't the place to look for housing bargains.
The median age here is 48.9. There are 11,797 men and 13,174 women. The median age for men is 47.9 while for women the median age is 49.5.
Scottsdale Real Estate 85262
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Scottsdale Real Estate 85262[/caption]85262 is a sparsely populated, affluent (median household income: $96,067) upscale rural zip code in Scottsdale, Arizona. The population is primarily white, older, and almost entirely married couples.At $411,800 the average home value here is a bit higher than average for the Phoenix-Mesa-Scottsdale metro area, so this probably isn't the place to look for housing bargains.
The median age here is 54.6. There are 4,589 men and 4,675 women. The median age for men is 55.9 while for women the median age is 53.5.
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Scottsdale Real Estate 85258 and 85262 Community Characteristics
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Scottsdale Real Estate 85258 and 85262 Community Characteristics[/caption]Market Stability Summary : Scottsdale Real Estate 85258 and 85262
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Market Stability Summary: Scottsdale Real Estate 85258 and 85262[/caption]Scottsdale Real Estate 85258 and 85262 School Summary
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Scottsdale Real Estate 85258 and 85262 School Summary[/caption]Education: Highest Level Attained
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Education: Highest Level Attained[/caption]Scottsdale Real Estate 85258 and 85262 Price Trends - Sold vs. Listed
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Scottsdale Real Estate 85258 and 85262 Price Trends - Sold vs. Listed[/caption]Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
Scottsdale Real Estate Market Inventory Trends
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Scottsdale Real Estate Market Inventory Trends[/caption]Review the inventory and health of the market by looking at the number of sold and listed properties.
To understand if the market inventory is growing or shrinking, compare the number of sold properties to new listings. If inventory is growing, the market could be trending toward a buyer's market. If inventory is shrinking, then it could be a seller's market.
Gauge the health of the market by comparing the number of standard to distressed listings. If the number of distressed listings is greater, the market could be unhealthy and more likely a buyer's market.
- Sold: Properties sold that month
- New: Listings that are new on the market
- Distressed: Listings that are short sales, bank owned, or up for auction.
- Standard: Non-distressed listings
Property Ownership for Scottsdale Real Estate 85258 and 85262
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Property Ownership for Scottsdale Real Estate 85258 and 85262[/caption]This chart shows home occupancy within an area.
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
Need help in finding a place to live-in to call home? The Luxury Valley Homes team has numerous amazing property deals to offer. For more information about Scottsdale real estate 85258 and 85262, email or call us at 480-595-6412.
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