Hi. The answer depends on your definition of "good". Are you looking at appreciation possibility or other factors?
This may be a personal decision as what your neighborhood has to offer.
I can offer the old real estate adage for appreciation, "Buy the least expensive home in a more expensive neighborhood". Would the house you are thinking of fit that model?
If it doesn't you may want to look somewhere else IF appreciation is your number one concern. If you like the neighborhood, proximity to work and friends yes this may be a good neighborhood.
Don't rule out a foreclosure property. This is a great time to buy. As you probably know, the $8,000 tax credit has been re-instated for first timers or those that have not owned in three years. There is now a $6,500 Tax credit for existing homeowners. Additionally if you do purchase a foreclosure property, free grant money (up to 22% of the purchase price) is available if you live in the home for periods of 5, 10, or 15 years. This makes inexpensive homes already, even more affordable. The free grant money is available through the state of Arizona. See the link for "Free Grant Money" at: http://www.arizonahomesland.com/forbuyersorrenters.php.
I have lived in Scottsdale for 23 years. If I can answer any more questions or show you some homes or land, feel free to give me a call. I would be pleased to help you.
Jeff Masich, RealtorÂ®
Arizona Homes and Land
HomeSmart Real Estate