An Arizona resident for nearly three decades, Wendy Walker—managing director of The Agency Scottsdale (theagencyre.com)—knows real estate in the Valley. Here, Walker shares insights on why buyers are flocking to the area, the best neighborhoods to invest in and where her career will lead her next.
Why do you think Scottsdale has become so popular in recent years?
During the pandemic and after, we have seen a significant increase in Scottsdale’s popularity. Residents in more densely populated areas such as L.A., San Francisco, Chicago and Seattle tended to seek more elbow room at an affordable price. Additionally, our taxes are relatively low comparatively, contributing to increased job growth and employment opportunities.
Are there certain Scottsdale neighborhoods that are a sure bet when it comes to investment? Which ones, and why?
Although we can never be certain about investments, many areas have seen a significant increase in value, such as McCormick Ranch, DC Ranch, Silverleaf and regions around the Scottsdale Quarter due to proximity to shopping, entertainment, golf and country clubs.
What up-and-coming Phoenix areas would you advise people to invest in, and why?
Anything around the higher growth areas like the Ritz-Carlton or the development areas closer to Old Town Scottsdale. Additionally, I think Grayhawk is great. It has two golf courses, a guarded gate, and is close to shopping, restaurants and 101 accessibility.
If someone were buying a second home in the Scottsdale area, where would you recommend they buy?
Proximity to shopping, restaurants and fun is always important. However, buyers come to Scottsdale for serenity, Sonoran beauty and to be removed from the daily hustle and bustle. Depending on your preference, there are many options for both. Second-home buyers generally prefer some kind of gated community, easy maintenance and a view.
And for Scottsdale residents, what are some good options for second homes in other parts of Ariz. or nearby states?
Most of my clients with second homes in the state lean toward Sedona, Flagstaff or Pinetop/Show Low areas such as Torreon or Pine Canyon. I prefer the smaller towns such as Pine, Cottonwood and Munds Park. Outside of Arizona, I see a lot of second homes in Southern California, such as Newport Beach, La Jolla or San Diego. Personally, I prefer Aspen or Park City.
What’s next for you, career-wise?
I’m coming up on just a few years left before I am an empty nester. I hope to travel more by supporting The Agency’s global growth and continue to grow and service the needs of my current and future clients through my amazing team. Real estate is forever evolving and changing, which is exciting for an ADD gal like me. I am energized and motivated by innovation, change and opportunity… so for me, there are no ceilings or borders!