Scottsdale

From its official incorporation in 1951 with a population of 2000, the city of Scottsdale has grown to a 2010 Census of 217,385. It is now the state's sixth-largest city. Scottsdale is commonly defined by its high quality of life, and in 1993 was named the "Most Livable City" in the United States. It is continually ranked as one of the premier golf and resort destinations in the world, with a sizable portion of tax revenue being derived from tourism. It is also home to the Phoenix Open Golf Tournament held at the Tournament Players Club every year and the Barrett-Jackson car show held at WestWorld.

Scottsdale, 31 miles long and 11.4 miles wide at its widest point, shares boundaries with many other municipalities and entities. On the west, Scottsdale is bordered by Phoenix, Paradise Valley, and unincorporated Maricopa County land. Carefree is also located along the eastern boundary, as well as sharing Scottsdale's northern boundary with the Tonto National Forest. To the south Scottsdale is bordered by Tempe. The southern boundary is also occupied by the Salt River Pima-Maricopa Indian Community, which also extends along the Eastern boundary, which also borders Fountain Hills, the McDowell Mountain Regional Park and more unincorporated Maricopa County land.

The city is loosely divided into four areas: South Scottsdale (McKellips Road north to Thomas Road), Old Town (Downtown) Scottsdale, Central Scottsdale (also known as the "Shea Corridor", extending from Camelback Road north to Shea Boulevard), and North Scottsdale. The real estate market in Scottsdale is among the most expensive in the United States. In 2005, Scottsdale was among the top ten markets in the nation for luxury home sales, and one of two cities outside of California. Scottsdale was ranked tenth with $594 million in luxury home sales.

South Scottsdale has for many years been the working class region of Scottsdale. The median resale home price is $291,500, compared to $667,450 in North Scottsdale.

Old Town Scottsdale is an area with many streets, old fashion stores, restaurants, bars, nightclubs, and art galleries. It contains the major nightlife for the area and is a major art center of metro Phoenix. Scottsdale's main cultural district is also in this area, which includes the high-end Scottsdale Fashion Square Mall, one of the twenty largest malls in the United States. The district has currently seen a revival, with new condominiums and hotels under construction.

The Shea Corridor is so named because it is in close proximity to the east-west running Shea Boulevard. The homes in this region were generally built during the 1970s. There are a number of communities in this central region that remain among the most highly desired residential areas in the Phoenix metropolitan area, including Gainey Ranch and McCormick Ranch. A large portion of Scottsdale Road in the Shea Corridor has been dubbed the Resort Corridor for the high number of resorts locating on the street.

North Scottsdale is currently the most actively developed area of Scottsdale as it was historically the least built up. This portion of the city also claims many of the most expensive homes in Arizona, with many exceeding $8 million in value. Much of the residential boom in North Scottsdale is driven by available land to build coupled with the fast growth of Scottsdale Airpark, the second largest employment center in the Phoenix metropolitan, and estimated to become the largest by 2010. Many important companies are headquartered or have regional headquarters in the park, including AXA, GE Capital, DHL, Discount Tire Company, Fidelity Investments, JDA Software, GoDaddy.com, and The Vanguard Group.


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Provided for INFORMATIONAL PURPOSES ONLY. This is not a commitment to lend, not all borrowers will qualify. All loans are subject to credit approval and eligibility. Terms are subject to change. Insurance rates may vary. The Tenura Home Center is a facility operated by Tenura Holdings, Inc. Real estate services are provided through Tenura Holdings, Inc.'s respective affiliates: Reliant Title Agency, LLC; AmeriFirst Insurance Agency, LLC; AmeriPro Funding, Inc. (NMLS#131699); and Privatus, LLC. Tenura is a federally registered (#4237051) service mark of Tenura Holdings, Inc., 8300 N. Mopac Expressway, Suite 220, Austin, Texas 78759. Equal Housing Lender.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from January 25th, 2016 at 12:15pm CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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