In the late 1800′s Winfield Scott purchased 640 acres of land for $2.50 an acre and that was the beginning of Scottsdale, Arizona. Since then the city has growing with a population of 217,385 thousand people according to the latest census, but this valley is still as beautiful and prosperous as it was back then. Scottsdale is a prime location with both the mountains of Flagstaff and the casinos of Las Vegas only a two hour drive away. The sunshine and shopping in Mexico is also only a six hour drive away.Even with the economy in turmoil Scottsdale and Paradise Valley has still proven to be a prime location to invest in the real estate market. In the last few years home values have been dropping all across the nation but Scottsdale’s home values have actually increased by nearly forty percent,making it the largest gain in home values in the United States. Scottsdale is still considered one of the most expensive real estate markets in the nation, but that does not mean affordable housing can not be found. Scottsdale is considered to be sectioned into four neighborhoods, with the house prices being as diverse as the character of the neighborhood.South Scottsdale is known for the arts, entertainment and nightlife it has to offer. The urban housing is well established though, where the median sale price is $150,000 dollars for a single family home.Old Town (Downtown) is filled with quaint shops, stunning galleries and is filled with old styled charm. Although this is considered the oldest part of the city in recent years the growth has continued with numerous subdivisions of condominiums and town homes. $265,000 dollars is the median sale price on a single family dwelling.North Scottsdale is a well maintained suburban setting where $420,000 dollars is a median sale price on single family homes.Central Scottsdale/Shea Corridor has seen a lot of new growth intertwined with an older district that is filled with many of the original estates. $532,000 dollars is the average median sales price of a home. McCormick Ranch , Gainey Ranch and the Scottsdale Ranch subdivisions are also located in this district. Homes there are exclusive and can range into multi million dollars to purchase.
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