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Scottsdale, Arizona Real Estate Info

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Scottsdale real estate is affected by many factors.  Factors affecting Scottsdale real estate include local and metro; demographics, economy, climate, education and lifestyle. Scottsdale, Arizona is a suburb of the Metropolitan Phoenix, Arizona and is located approx 20 minutes from downtown Phoenix.  It is bordered to the north by Carefree, Arizona, to the west by Phoenix, to the east by Salt River Pima Community, and to the south by Tempe, Arizona.

Scottsdale Real Estate Demographics

As of the US Census Bureau’s 2005-2007 American Community Survey estimates there  were 215,723 people, 95,783 households, and 54,435 families residing in the city.

The racial makeup of the city was 92.7% White, 8.2% Hispanic, 3.1% Asian, 1.7% Black or African American, 0.5% Native American, 0.1% Pacific Islander, 2.0% from other races.

Scottsdale real estate households number 95,783. Of which, 21.9% had children under the age of 18 living with them, 46.7% were married couples living together, and 43.2% were non-families. Individuals constituted 34.6% of all households and 9.9% had someone living alone who was 65 years of age or older. The average household size was 2.25 and the average family size was 2.92.

Scottsdale, Arizona’s population was spread out with 20.1% under the age of 20, 5.2% from 20 to 24, 26.5% from 25 to 44, 30.6% from 45 to 64, and 17.7% who were 65 years of age or older. The median age was 43.8 years.

The median income for a household in the city was $68,671, and the median income for a family was $91,683. The per capita income for the city was $47,527. About 4.0% of families and 6.1% of the population were below the poverty line, including 6.5% of those under age 18 and 5.3% of those age 65 or over.

Scottsdale real estate is comprised of 117,645 housing units of which 67.3% were owner-occupied and 32.7% were renter-occupied.

Scottsdale Real Estate and Economy

The tourism industry is Scottsdale's primary industry, accounting for 39% of the city's workforce. In 2005, over 7.5 million people visited Scottsdale. The city of Scottsdale is home to more than 70 resorts/hotels, boasting over 15,000 hotel rooms.  The city of Scottsdale is second only to New York City as having more AAA Five-Diamond hotels and resorts than any other city in the United States: The Phoenician, The Canyon Suites, Scottsdale Camelback Inn, Four Seasons Resort Scottsdale at Troon North, and the Fairmont Princess Resort and Spa.  Scottsdale has the highest number of destination spas per capita in the United States, further lifting Scottsdale's robust national reputation as premiere destination for tourism and leisure.

The Airpark, immediately surrounding the Scottsdale Airport, is a major regional center of business. The Airpark area currently houses more nearly 2,500 individual businesses in all, with a combined economic impact of over $3 billion annually.  Over 50,000 people are employed within a few-mile radius of the airport itself - most notably in financial, technological, design, manufacturing, service and retail.

Companies with headquarters in Scottsdale include the Fortune 500 companies Dial Corporation and Allied Waste, firefighting and medical transport company Rural Metro, web address registrar GoDaddy.com, Fender Musical Instruments, Cold Stone Creamery, Restaurant chains P.F. Chang's and Pei Wei, and stun-gun company Taser International.

Education in Scottsdale, Arizona

Scottsdale Unified School District provides public education in Scottsdale, Arizona, and many of its schools rank very well.  The primary institution of higher education in the city is Scottsdale Community College.  Many students also commute to nearby Arizona State University in Tempe.

Scottsdale is also home of the International School of Arizona, a non-profit language immersion school that teaches children classes in a foreign language (French, Spanish, and German).

Scottsdale Real Estate and Transportation

Ease of access to transportation helps keep Scottsdale real estate values high.  

Freeways

The Loop 101 freeway provides Scottsdale easy freeway access to nearly every city in Metro Phoenix.

Air

Scottsdale Airport is a single-runway airport located 7 miles north ofDowntown Scottsdale.  With 200,000 takeoffs and landings annually, it continually ranks as one of the busiest single-runway airports in the US. Commercial commuter air travel is served primarily by Phoenix Sky Harbor International Airport in Phoenix, Arizona.

Public Transit

Public bus service in Scottsdale is operated as Valley Metro, and provides regular, frequent bus service throughout the city. 

The city of Scottsdale runs the "Scottsdale Trolley" network of bus-like vehicles that the public rides free. There are currently two circulating routes, known individually as the Downtown Trolley and the Neighborhood Trolley.  The Downtown Trolley circulates Downtown Scottsdale, and the Neighborhood Trolley circulates from Downtown Scottsdale to neighborhoods throughout South Scottsdale.  The Neighborhood Trolley connects with Tempe, Arizona's own free public circulator, the Tempe Orbit at Roosevelt and Scottsdale Road.  Riders can transfer onto the Tempe Orbit, and travel to Tempe, including Arizona State University's main campus, and the Downtown Tempe.


Scottsdale Lifestyle and Real Estate

Scottsdale real estate values are also supported by the citiy's many amenities.  

Scottsdale Real Estate and Shopping

Scottsdale, Arizona is one the premiere shopping destinations in the Southwest United States, and as a result Scottsdale real estate values are high. The city is home to countless high-end, retail shops, as well as independent boutiques.  The most notable regional centers include the upscale Kierland Commons in North Scottsdale, and the massive Scottsdale Fashion Square in Downtown Scottsdale. These shopping centers, among others in Scottsdale, claim dozens of marquee brands that are unique to both Phoenix and the Southwestern US.

Scottsdale’s Nightlife

Scottsdale, Arizona is home to a variety of high-end nightclubs, restaurants, hotels, and lounges.  The New York Times described Scottsdale as one of the "hippest and most happening" places in the country.  The majority of nightlife is concentrated in Downtown Scottsdale, and is one of the the most active and popular nightlife destination in Metro Phoenix.  Much like Miami's South Beach, most of Downtown Scottsdale's major bars and clubs are located within walking distance, and provides a vibrant scene during most evenings.  Crowds of over 40,000-strong are known to congregate to this area from Thursdays through Sundays.  Because of there proximity, downtown Scottsdale real estate, whether a house or condo, maintains high values.

Scottsdale Real Estate and Recreation

Scottsdale, Arizona is widely known as a premier golf destination in the US.  Scottsdale is home to more than 200 area courses that range from the traditional rolling green fairways to more native desert designs.  Recently, the Robb Report cited Scottsdale as "America's Best Place to Live for Golf." In 2005, Travel & Leisure Golf Magazine selected The Boulders Resort & Golden Spa and Four Seasons Resort Scottsdale at Troon North among the top 5 best golf resorts in the nation. Other exceptional golf courses include Desert Mountain, Desert Highlands, and Grayhawk ... Scottsdale real estate golf course lots are highly sought-after.

The FBR Open Golf Tournament is held annually in January at the Tournament Players Club in North Scottsdale. It is the largest-attended stop of the PGA Tour, attracting over 500,000 spectators to the 4-day event.

Hiking, rock climbing and other outdoor activities are enormously popular throughout Scottsdale, in large part to the immediate accessibility of the McDowell Mountains in the McDowell-Sonoran Preserve, at the city's northeastern fringes.  Another local favorite is Camelback Mountain, located in the central section of Metro Phoenix

Scottsdale Stadium in Downtown Scottsdale is the Spring Training home of the San Francisco Giants, who play in the Arizona Cactus League annually.  Scottsdale Stadium also hosts the minor league baseball team, Scottsdale Scorpions, in the Arizona Fall League.

Nearby, all the major sports leagues have franchises and play within the Phoenix Metropolitan Area - NBA's Phoenix Suns, NFL's Arizona Cardinals, NHL's Phoenix Coyotes and MLB's Arizona Diamondbacks.

Scottsdale, Arizona Annual Events

Renowned around the world, the Scottsdale Arabian Horse Show has been a Scottsdale tradition since 1955.  Nearly 2000 purebred Arabian and Half-Arabian horses compete for various prizes and recognition in a show that attracts thousands of visitors and tourists.

The Scottsdale Jaycees Parada del Sol is an annual month-long event that has been held in Scottsdale since 1954. The event begins each year with the Parada del Sol Parade, the world's largest horse-drawn parade with over 150 entries.

For forty years, the Barrett-Jackson Auto Show has made its home in Scottsdale, Arizona. The show is known for featuring exotic, luxury, and historic vehicles which have been expertly restored to mint condition  it’s the largest and most well-known auto auctions in the world.

Considered the longest continually running festival of its kind in the nation, the very popular Scottsdale Culinary Festival is held annually during April.

Scottsdale, Arizona’s Museums and Art Galleries

Scottsdale is known nationally and internationally for its many art and cultural amenities. Scottsdale is home to over 125 professional art galleries and studios, one of the highest per-capita concentrations anywhere in the US.  The city is a center for art in the nation and according to the Scottsdale Convention & Visitor's Bureau and American Style Magazine, the city has become one of the country's largest markets for art, joining ranks with New York City, and Santa Fe, in terms of commerce generated as a direct result of art sales.  In 2005, the city's annual Scottsdale Arts Festival was ranked the number-one such event in United States. The highest concentrations of galleries, studios and museums that are open to the public can be found in Downtown Scottsdale. The very popular Scottsdale Artwalk is held every Thursday evening.

Taliesin West, premier architect Frank Lloyd Wright's winter home and school, is now one of the most popular tourist attractions in Arizona. The compound is located at the base of the beautiful McDowell Mountains.

As a result of the city's many amentities, events and activites, Scottsdale real estate values are less impacted by general economic conditions and fare better during tough times.

 


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