There has been a lot of attention paid lately to the huge drop in prices during the past 2 years. Homes in Desert Mountain have fallen significantly in price like the rest of the city. The Northeast corner of Scottsdale has, however, held up much better than the rest of Phoenix and Scottsdale. In the zip code of 85262, where Desert Mountain is located, prices are still 18.4% higher today than they were in 2004. This shows the remarkable investment Desert Mountain can be. This zip code is one of the few areas in the entire Phoenix and Scottsdale area where the prices are still more than 15% higher today than in 2004. The huge price drops of -24.9 in 2007-2008 and -31.2% in 2008-2009 make it abundantly clear that Desert Mountain has become a GREAT deal. Buying low and selling high has always been the path to wealth.
85262 Home Prices
2009 Median Price $550,750
Price Change 2008-2009 -31.2%
Price Change 2007-2008 -24.9%
Price Change 2006-2007 +6.6%
Price Change 2005-2006 +26.1%
Price Change 2004-2005 +70.4
Price Change 2004-2009 +18.4
Interested in more Desert Mountain real estate information and statistics? Visit www.DesertMountainHomesOnline.com or cal 1-800-300-0263.
Carmen Brodeur BA, LLB
Desert Mountain Specialist Realtor / Former Attorney
1-800-300-0263
www.DesertMountainHomesOnline.com
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