The prime real estate that is today home to Scottsdale luxury homes once had the exotic-sounding name of 'Vashai S'vash-onih.' In the Hokan-Coahuiltecan language of the local Yavapai Indians, this translates as 'The Place of Rotting Hay...' not exactly a flattering description. Small wonder the name was changed to Scottsdale. Today's well-manicured Scottsdale luxury properties belie that impression held by the early natives. Given the spectacular desert scenery, the abundance of cultural and educational institutions, entertainment venues and recreational facilities, it's small wonder that Scottsdale luxury homes are so valued by investors and homeowners alike.
Upscale Residences in Prime Communities
Scottsdale luxury real estate is generally defined as having a value of $1 million or more, although there is residential Scottsdale real estate that is valued at $10 million or more. In addition, such Scottsdale luxury properties can be identified by the three hallmarks of quality real estate: location, location, location. A Scottsdale realtor can show you luxury homes for sale that are located right next to beautiful desert preserves and convenient to world-class golf courses.
Some gated communities also feature amenities such as full health club facilities, tennis courts, community swimming pools and bicycle and hiking trails.
An Investment in Time
If you are considering the purchase of Scottsdale luxury real estate for sale, you should know that because of the high value of these properties, the process is different and somewhat slower than the average home-buying process. In America, it is important to protect the wealth of successful investors who were smart enough to take advantage of the economic trends since 2001; realizing that Scottsdale luxury homes represent a considerable investment in times of market uncertainty, your Scottsdale realtor will make certain that all luxury homes for sale undergo repeated thorough inspections - far and above what is done for average working homebuyers. Scottsdale real estate experts will make sure that your investment is safe, secure and trouble-free, so you can spend your time enjoying the sun, golf, culture, everything else Scottsdale has to offer!
Competition
Keep in mind that the market for such luxurious and valuable Scottsdale real estate for sale is not confined to the U.S.; it is a truly global market. As the value of the U.S. dollar continues its precipitous collapse, foreign investors are taking a good hard look at Scottsdale luxury homes - so expect that there'll be some real and increasing competition for these choice properties as time goes on. Now is the time to take a serious look at investing in Scottsdale luxury homes.
