NE Valley Home Prices Soar Above $1 Million...

NE Valley home prices soar above $1 million, from the Arizona Republic , reports that the buy-in for new north Scottsdale homes is nearly $750,000 and a new custom home in the Silverleaf neighborhood of DC Ranch is in escrow for almost $10 million. In addition, the Toll Bros. Saguaro Estates subdivision southwest of Dynamite and Scottsdale Roads has new homes starting in the low $1,000,000's. It is yet another sign of the times in the northeast Valley where the new-home market is out of reach of all but the wealthiest buyers. Jay Butler, director of the Arizona Real Estate Center at ASU, said appreciation has pushed prices to more than $1 million for mass-produced homes in Scottsdale.

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