Scottsdale Arizona Homes
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Welcome to Scottsdale Arizona Homes where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We also provide Live Video Previews for your favorite Arizona Home! 🙂
Our Median Sales Price in August was $670,000, up 15.6% from $579,500 in August of 2019 and down -1.5% from $680,000 last month. The average sales price in August was $902,143, up 29.4% from $696,993 in August of 2019 and up 1.9% from $885,658 last month. August 2020 ASP was at highest level compared to August of 2019 and 2018. (more monthly market report below photos)
We can currently see (955) Single Family Homes available today in Scottsdale.
Scottsdale Arizona Homes ~ Newest Listings
Scottsdale Arizona Homes ~ Monthly Market Report
(for Scottsdale) Our August property sales were 559, up from 478 in August of 2019 and -7.0% lower than the 601 sales last month. August 2020 sales were at their highest level compared to August of 2019 and 2018. August YTD sales of 3,744 are running -6.3% behind last year’s year-to-date sales of 3,996.
(for Scottsdale) The total inventory of properties available for sale as of August was 1,280, up 12.9% from 1,134 last month and down -7.7% from 1,387 in August of last year. August 2020 Inventory was at the lowest level compared to August of 2019 and 2018.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for August was 66, up from 64 days last month and down from 70 days in August of last year. The August 2020 DOM was at its lowest level compared with August of 2019 and 2018.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The August 2020 selling price per square foot of $292 was up 1.4% from $288 last month and up 16.8% from $250 in August of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The August 2020 selling price vs list price of 96.3% was up from 95.9% last month and up from 94.9% in August of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you. – Thanks!! (480)208-7955 ~ We are located next to Paradise Valley (See Map Here) ~ You can also see us at Arizona Luxury Homes 🙂