Wanted! Scottsdale Arizona Condos, Lofts and Town homes

Scottsdale Arizona is one of the most desirable real estate locations in the Southwest. Great year round weather, beautiful desert surroundings, and plenty of shopping and entertainment combined with a solid job market are all enticing reasons to live in Scottsdale. Long time residents of the Valley of the Sun have gotten spoiled with short drive times when commuting to work. Living 10 to 15 minutes away from work was always the norm. Over the last ten years though, the Phoenix Metro area has grown out enormously in all directions. Many people are now faced with 30 to 45 minute commutes into Scottsdale.

With housing demand increasing, Scottsdale has seen an incredible amount of real estate appreciation making the average home prices some of the most expensive homes in the state. Plus, the new home developments built in North Scottsdale have catered to the luxury home buyer with communities centered around award winning, exclusive golf courses and country clubs further pushing up real estate values.

But recently the supply of Scottsdale Condos has increased considerably. Real Estate Investors have completed a number of condo conversion projects, renovating apartment properties and converting them into condominiums. Boutique custom developers have leveled small lots and built unique lofts and town homes, mixing urban style with luxury amenities. And, major developers are creating state of the art, world class, high end properties catering to all tastes and styles.

In reaction to these and other factors, the Scottsdale Condo, Loft and Town home market has enjoyed an increase in popularity with young professionals, winter residents and retirees. From first time home buyers to the luxury penthouse suite owners, there is something for all styles and price points.

The Scottsdale Condo Market did appreciate considerably over the last few years and is going through a retrenchment now, making it a great buyer's market. But in no way is it a market bubble bursting. The key real estate market forces of location, location, location are in Scottsdale's favor. Plus, the supply is limited with fewer and fewer new development opportunities. Urban in fill projects will continue to be the focus. Also, don't be surprised to hear more and more about the %u201CBeverly Hills of the Desert%u201D, as Scottsdale gets national media attention for its celebrity residents, vacation destinations, and club nightlife.

Scottsdale condos, lofts and town homes offer unique lifestyle options and relatively affordable home ownership options that will always be in demand. Scottsdale still has plenty of the Old, Wild West feel in places. Some day the old Wanted! posters may re-appear and instead of the crusty gunslinger photos there may be pleas for the perfect loft!

About the Author

Liz Suto is a Phoenix, Arizona Real Estate Agent specializing in the Scottsdale Condo, Loft and Townhome Market. Visit her websites http://www.ScottsdaleCondoMania.com and http://www.PhoenixCondoMania.com to easily browse the condo markets by area, complex, style or price and start home shopping today! Liz can also be reached by phone at (623) 810-1273.

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