Downtown and South Scottsdale Real Estate Market

Truly, Scottsdale is an area that possesses distinct natural beauty. Currently, the city is evolving into a large urban area with a soaring list of amenities. Specifically, Downtown and South Scottsdale are successfully revitalizing and renewing for the demands of a new millennium.Downtown Contemporary CondominiumsScottsdale’s central core or downtown area is exploding with condominium growth. Opulent lofts and new waterfront condos are emerging from once vacant lots. As the city takes advantage of what’s left of the open spaces, growth goes vertical. Situated close to unique retail shops, trendy restaurants and popular nightspots, condominium living in this area is quite appealing. Residents may choose to purchase a new condo ranging in price from $1 million and above or purchase an updated condo conversion for around $250,000 and above.Advantages of condominium living in this area are experienced by all, no matter the price range. Maintenance is low; the commute to and from work is decreased. Residents enjoy close proximity to cultural centers and museums.LifestyleScottsdale boasts more art galleries per capita than almost any other city in the United States, with 110 art galleries located within the city’s downtown area. Museums like the Scottsdale Historical Museum and the Scottsdale Museum of Contemporary Art are also centrally located. The Scottsdale Center for the Arts is amidst the same city center right next to historic Old Town.Scottsdale’s wild western history is certainly not forgotten in Old Town. Retail shops from western novelty to upscale Southwestern art galleries abound and thrive in this neighborhood. Conversely, the area is seeing an array of trendsetting restaurants and nightclubs as well. Old is not forgotten and the new anchors itself to the past, in turn, both are transformed.Nothing Ventured, Nothing GainedKeeping up with a growing population’s desire for leisure and need for various services, commercial ventures are reinventing themselves. Millions of square feet of office space has been built or refurbished from existing buildings since the new millennium began.Investment opportunities abound in the downtown and southern areas of Scottsdale. The city is eloquently positioning itself as an arbiter of change. The Scottsdale City Council is backing revitalization projects for the area that encourages commercial as well as residential growth.A New South ScottsdaleHistorically, by the 1950’s and 60’s the entire Valley of the Sun was emerging as a major city of the Southwest. In this period, Scottsdale’s city center expanded further south until it eventually touched the city of Tempe. Ranch style homes from the mid 20th Century populate this southern portion of the city. Their uniqueness and charm are still apparent. These older homes are rising in value as the entire city flourishes.Also on the rise in this specific area, new and re-energized office and retail space.Forecasters predict continued development and growth for both Downtown and South Scottsdale. As burgeoning new developments in North Scottsdale take root, these existent areas of Scottsdale continue to blossom.

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