Downtown and South Scottsdale Real Estate Market

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