While everyone may be used to hearing about the ever increasing home prices in the Scottsdale real estate market, there are actually three separate markets in the city, and not all of them are heading on the same trajectory, according to Phoenix REALTORS Board President Sammy Glassman.
While it is true prices for single family seem to be heading perpetually upward, the markets for townhomes and condominiums aren’t faring as well.
The year-to-date median price for a single family home is up 5.5% in 2026 to $1.25 million, it’s also true the year-to-date median price for townhomes and condominiums is actually down 1% to $495,000.
