By Sloane Kingston, Contributing Editor
A brief tour of DC Ranch not only inspires with the community’s mountainous backdrop, cozy enclaves and beautiful homes, it also builds testimony for why this Scottsdale suburb is poised to take its place as the residential go-to for premiere living. “The Arizona Republic” recently touted DC Ranch’s Silverleaf community as the closest rival to Paradise Valley in becoming the region’s most expensive neighborhood. And with a 30,000 square-foot mansion on the market for $32 million – the most expensive home for sale in the Valley – only a few might dare to debate that observation.
The month of March also showed promising numbers in terms of home sales for DC Ranch. As the community makes room for more new homes, established residents are also welcoming new neighbors moving in to existing homes. Twenty-three homes were sold in the DC Ranch area in March. The most expensive was a 6,820 square-foot home with five bedrooms and five-and-a-half baths that went for $5.5 million. On the other end of the price spectrum for March home sales in DC Ranch was the sale of a one-bedroom, one-bath condominium that sold for $205,000.
As of April 25th, there were 183 homes up for sale in the community. Of those, 140 are single family homes in both DC Ranch and Silverleaf. Condos, townhomes and patio homes make up the other 43 properties seeking new owners.
Overall, Scottsdale’s 85255 ZIP code, which includes DC Ranch, Grayhawk and McDowell Mountain communities, has become the most popular area in the northeast Valley for sales. Almost 1,100 sales closed in the area last year, more than doubling the sales pace in Paradise Valley and close-by Scottsdale neighborhoods, according to “The Arizona Republic.”