The stock market is down again today. The news is talking about the possibility of a double dip recession. There’s tons of bad news about housing. Yet no one seems to of told the real estate market in Scottsdale’s 85255 zip code.
The chart above shows inventory in 85255.
Inventory in the this zip code is now at it’s lowest level for many years.
The luxury end of the market just wasn’t hit as hard. There wasn’t as much distressed inventory. The recovery is well on it’s way in this zip code and is gaining steam.