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Excerpt from:  Scottsdale real estate and news
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North Scottsdale Median Home Prices Report for February 2008

North Scottsdale Single Family Home Resale Data

North Scottsdale Single Family Home Median Home Prices.

North Scottsdale Real estate

 (Data from ASU Polytechnic - Graphed by Artur Ciesielski)

Did I think that the median home price would go below $600,000? Based on the chart, no.

The median home price in North Scottsdale declined just as most of the Phoenix areas declined.  The price dropped from $687,500 to $573,570.  This is a 17% drop in median home prices. 

Looking at the chart the trend is consistent to the leading indicator which showed a dramatic change in demand in the summer of 2007.

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