As the others have mentioned, without a doubt, strength will be in Scottsdale. Scottsdale is world known as a "destination" for pleasure as well as everyday living. The Glendale Westgate area is an infant in comparison and has yet to prove its' fortitude in this market. The demographics aren't nearly as attractive in the Westgate area either. Basically you have a concentration of homes, a few bars and eateries, Bass Pro Shop and professional sports venues all encompassed in a 2 square mile area. As Donald mentioned, it surged with everything else and is back to where it started, or more than likely even LESS now. Scottsdale was affected too however, I don't think nearly as much.
If you're looking for a solid area to invest your cash in, I'd go with Scottsdale.. Anywhere in Scottsdale will be more secure than the Westgate area.... more
With out the address and a bit of research any answer is just a guess. A good Realtor is going to base their Comparable Market Analysis on the recent sales in the neighborhood. Current properties that are Active on the market is just your competition during the market period of your home. An active listing could be vastly over valued for the market and will continue to remain on the market until the market catches up to that listing.. Does that happen? Yes it does, probably more that you would have imagined. Do your brother a favor and have him contact one of the many reputable listing agents in Scottsdale.
Your MLS system will tell you about the private market. If you don't know how to analyze the data, get a senior agent or broker to help you. As for multifamily stuff -there are big dollar reports you can buy.... more
Wow all these answers saying it is stabalizing!!! Yet strangely enough, the entire metro is dropping at the fastest rate ever, even scottsdale... hmmm.
scottsdale dropped over 10% year to year, as did every other part of the valley... Here is the newspaper article.
foreclosures broke another record in june, and so did notice of future foreclosures...
If stable means, "prices are dropping like hell, the fastest downward rate ever" then I guess its stable.... more
Hi - I searched the MLS system for you and I found two patio/condo listings at $1000.00 a month. I am not sure if either of those would meet your needs. Please feel free to contact me, Lisa at firstname.lastname@example.org if I can be of any further assistance. Best of luck - Lisa... more