While the Greater Phoenix real estate resale market is heating up with more sales, the Scottsdale home resale market is down. What does it mean? 

Below are the most up to date trend graphs for Scottsdale, North Scottsdale and South Scottsdale single family home resale numbers and trend graphs. 

	April'07	April'08
Greater Phoenix	$  265,000	$   210,000
Scottsdale All	$  557,500	$   506,500
South Scottsdale	$  305,000	$   266,500
North Scottsdale	$  680,000	$   563,000
Scottsdale Condos	$  264,450	$   262,500

Numbers for ASU Polytechnic, Graphed by Artur Ciesielski, CCIM

In Greater Phoenix a total of 5,585 homes sold in April, up from 4,855 last year. Scottsdale's portion to the total was 330, down from 400 last year. 

The median home price in Scottsdale city declined from $557,000 last year to $506,500 this year.  The median home price in Scottsdale, as seen in the graph above is trending down and is reaching mid 2005 levels after the peak in June 2006.

Just as the median price in the city of Scottsdale was lower, so as the median home price in North Scottsdale.  The median home price in April 2008 was $563,000 compared to $680,000 last year.

South Scottsdale seems to be the part of Scottsdale now pulling the median home price up.  While still down from last years $305,000 to this years $266,500, the trend since January 2008 has been an increasing median home price. 

This is not surprising as South Scottsdale is receiving a lot of redevelopment money and investments.  It's also a very exciting place to live with a lot of stuff to do, especially in Downtown Scottsdale.