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 can also provide Live Video Previews for your favorite Scottsdale Arizona Home! 🙂
Price / SqFt…
Our March 2020 selling price per square foot of $282 was up 0.7% from $280 last month and up 6.4% from $265 in March of last year.
We can currently see (1,379) Single Family Homes available today in Scottsdale. (inventory is low)
Scottsdale Arizona Homes ~ Newest Listings
Scottsdale Arizona Homes ~ Monthly Market Report
Our March property sales were 523, up from 496 in March of 2019 and 7.0% higher than the 489 sales last month. March 2020 sales were at a mid level compared to March of 2019 and 2018. March YTD sales of 1,359 are running 10.7% ahead of last year’s year-to-date sales of 1,228.
Our Median Sales Price in March was $675,000, up 17.0% from $577,000 in March of 2019 and up 2.4% from $659,000 last month. The average sales price in March was $886,223, up 17.9% from $751,584 in March of 2019 and up 1.3% from $874,760 last month. March 2020 ASP was at highest level compared to March of 2019 and 2018.
The total inventory of Scottsdale Arizona Homes for sale as of March was 1,600, up 12.6% from 1,421 last month and down -26.5% from 2,176 in March of last year. March 2020 Inventory was at the lowest level compared to March 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 March was 60, down from 64 days last month and down from 73 days in March of last year. The March 2020 DOM was at its lowest level compared with March 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 March 2020 selling price per square foot of $282 was up 0.7% from $280 last month and up 6.4% from $265 in March 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 March 2020 selling price vs list price of 96.7% was up from 96.2% last month and up from 94.9% in March 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 🙂