As we have dealt with the high number of foreclosures and short sales in Scottsdale, and the Phoenix Valley Metro area over the past few years, apparently the real estate market is beginning to move in some areas. Some places are having strong due to the higher desirability of living in those areas. There are three areas that are showing evidence of strength of their markets based on active listing prices. All areas end with Ranches. You would think many would want a newer home in a newly and recently developed area. Apparently, that is not the case as these subdivisions have been around for several decades when homes are listed. Of course, Scottsdale is desirable location and it’s very cold up north, where people have the desire to have real estate here.

Based on an intriguing article I read by Dru Bloomfield, there are evidences showing that listing prices of real estate in the central Scottsdale location includingMcCormick, Gainey and Scottsdale Ranchesare rising! It’s to say that lower foreclosures, short sales and lower supply appear to be taking a dip in the 86268 zip code location. The evidence the Ms. Bloomfield provided, show these subdivisions combined are on the upswing of listing prices. All locations she provided are in the same zip code of 85258.

From the closing standpoint, are real estate in Gainey, McCormick, and Scottsdale Ranches really rising? I looked up some numbers over the past 6 months in each of these subdivisions.  My analysis is based on my search of the City of Scottsdale, and name of the subdivision, on a month by month basis in the Arizona Regional Multiple Listing Service (ARMLS). Here’s the breakdown in 2011 of what is sold and the mean (average) prices were for each month:

Scottsdale Ranch:

• June:   4 sold at an average price of $373,750
• July:  9 sold at an average price of $459,800
• August:  4 sold at an average price of $419,700
• September:  2 sold at an average price of $503,000
• October:  10 sold at an average of $431,600
• November:  5 sold at an average of $371,300

Gainey Ranch:

• June:  5 sold at an average of $403,200.
• July: None sold
• August: 2  sold at an average of $607,500
• September:  1 sold at an average of $365,000
• October: 2 sold at an average of $550,000
• November: None sold

McCormick Ranch:

• June:  4 sold at an average of $446,000
• July:  1 sold at an average of $325,000
• August:  2 sold at an average of $377,500
• September: 2  sold at an average of $520,000
•  October: 4 sold at an average of $293,500
• November:  1 sold at an average of $875,000

For each of these subdivisions, it’s not too easy where the market is going, based on sales price. The analysis shows more of a bell curve for Scottsdale Ranch on sales price. The lowest mean sales prices were in July and November, but September had the highest with only 2 sold for $550,000. McCormick Ranch had a roller coaster affect, but the low number of sales, which only 1 was sold for $895,000 in November, the highest price in all 6 months.

I will say there are a low number of homes on supply of my today’s article date for McCormick (10 homes) and Scottsdale Ranches (21 homes). Scottsdale Ranch is a larger subdivision of the two. I believe the listing price and sales price will rise again slightly. McCormick Ranch has 10 homes currently listed. Based on that lower supply, the listing prices will continue to increase.

Gainey Ranch on the other hand, has a low number of sales, but a large supply of real estate available. For whatever reason, based on my findings, Gainey Ranch had the lowest number real estate sold, and the highest number (57) of real estate on the market. I don’t see a higher listing or sales increase in Gainey Ranch for now. In the end, we have just entered the winter months when the folks from cold, northern climate areas are wanting to come here to search for real estate and to live here. That said, the analysis shown from an article I read, written by Ms. Bloomfield is indicating its increase of listing prices, as it becomes that time of the year where listing prices are higher in these popular areas. From closing of a sale, and the market conditions of sale prices, not necessarily increasing at this time, but only time will tell between now and the end of April.

All three subdivisions are attractive to a Scottsdale buyer in real estate. They have different characteristics for each one, which would skew the average sales prices. Too see some currently active real estate in Gainey, Scottsdale, and McCormick Ranches, simply browse through the listings below. If you are interested in any of these homes, contact me. I have the keys to every Scottsdale real estate in Gainey Ranch, Scottsdale Ranch, and McCormick Ranch!

Scottsdale Ranch – Scottsdale Real Estate:

Showing properties 1 – 5 of 54. See more Scottsdale Ranch community real estate.
(all data current as of 12/1/2011)

1. $560,000 : 11126 E Carol Avenue, Scottsdale
   
   4 beds, 3.50 baths

   Home size: 3,887 sq ft

   Lot size: 22,258 sq ft

   
2. $254,000 : 10191 N 105th Way, Scottsdale
   
   2 beds, 2.00 baths

   Home size: 2,041 sq ft

   Lot size: 4,480 sq ft

   
3. $279,900 : 10528 E Saddlehorn Drive, Scottsdale
   
   3 beds, 2.75 baths

   Home size: 2,187 sq ft

   Lot size: 3,940 sq ft

   
4. $480,000 : 9796 E Ironwood Drive, Scottsdale
   
   4 beds, 3.00 baths

   Home size: 3,359 sq ft

   Lot size: 10,880 sq ft

   
5. $290,000 : 10511 N 104th Place, Scottsdale
   
   2 beds, 2.00 baths

   Home size: 2,021 sq ft

   Lot size: 5,178 sq ft

   

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Gainey Ranch – Scottsdale Real Estate:

Showing properties 1 – 5 of 46. See more Gainey Ranch community real estate.
(all data current as of 12/1/2011)

1. $299,900 : 8989 N Gainey Center Drive, Unit 237, Scottsdale
   
   2 beds, 2.00 baths

   Home size: 1,970 sq ft

   Lot size: 186 sq ft

   
2. $450,000 : 7400 E Gainey Club Drive, Unit 143, Scottsdale
   
   2 beds, 3.00 baths

   Home size: 2,025 sq ft

   Lot size: 110 sq ft

   
3. $1,300,000 : 7475 E Gainey Ranch Road, Unit 11, Scottsdale
   
   4 beds, 4.50 baths

   Home size: 4,902 sq ft

   Lot size: 10,097 sq ft

   
4. $335,000 : 7272 E Gainey Ranch Road, Unit 122, Scottsdale
   
   2 beds, 2.00 baths

   Home size: 1,543 sq ft

   Lot size: 193 sq ft

   
5. $349,000 : 7400 E Gainey Club Drive, Unit 147, Scottsdale
   
   2 beds, 2.00 baths

   Home size: 1,792 sq ft

   Lot size: 205 sq ft

   

Listing information deemed reliable but not guaranteed. Read full disclaimer.

McCormick Ranch – Scottsdale Real Estate:

Showing properties 1 – 5 of 56. See more Mccormick Ranch community real estate.
(all data current as of 12/1/2011)

1. $215,000 : 8726 E San Pedro Drive, Scottsdale
   
   2 beds, 2.00 baths

   Home size: 1,949 sq ft

   Lot size: 7,125 sq ft

   
2. $365,000 : 8520 N 85th Street, Scottsdale
   
   4 beds, 2.00 baths

   Home size: 2,073 sq ft

   Lot size: 10,414 sq ft

   
3. $369,900 : 7993 E Via Del Desierto –, Scottsdale
   
   3 beds, 2.00 baths

   Home size: 2,520 sq ft

   Lot size: 5,578 sq ft

   
4. $224,900 : 8700 E Mountain View Road, Unit 2029, Scottsdale
   
   2 beds, 2.00 baths

   Home size: 1,342 sq ft

   Lot size: 7,500 sq ft

   
5. $630,000 : 8205 E Del Claro Drive, Scottsdale
   
   4 beds, 3.00 baths

   Home size: 3,441 sq ft

   Lot size: 10,150 sq ft

   

Listing information deemed reliable but not guaranteed. Read full disclaimer.

About the author

Jim Plummer

Greetings! As an introduction, my professional eXperience in real estate began in 1993, as residential real estate appraiser. I have worked as an appraiser with various clients in the banking industry. My appraisal background included appraising vacant land, single family, multi-family homes and condominiums. I have shifted from the appraisal business to selling real estate, and have joined the team with eXp Realty! My goals are to provide both sellers and buyers well balanced services based on my analytical skills and eXperiences from the appraisal field. My eXperience will allow me to provide clients in depth and reliable analysis, when it comes to selling and buying a home. That is what each client will eXpect from me as the market eXpert in this approach. During my spare time, I enjoy networking, outdoor recreation, watching sports, and keeping active with various groups in “the valley”! I am currently a board member of the Young Buckeyes of Phoenix. I assist this club in organizing social sporting activities. Also, I have participated in serving various charities including, Operation Buckeye, Stefanie Spielman Fund for Breast Cancer Research, Food Drive benefiting the Vista del Camino Community Center Scottsdale, and Toys for Tots - US Marine Corps. I look forward to meeting you and to serve your real estate needs in the near future! -Jim Plummer