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 February 2020 selling price per square foot of $280 was up 4.1% from $269 last month and up 11.6% from $251 in February of last year.
We can currently see (1,326) Homes available today in Scottsdale. (inventory is low)
Scottsdale Arizona Homes ~ Newest Listings
Scottsdale Arizona Homes ~ Monthly Market Report
Our February property sales were 489, up from 394 in February of 2019 and 40.9% higher than the 347 sales last month. February 2020 sales were at their highest level compared to February of 2019 and 2018. February YTD sales of 836 are running 14.2% ahead of last year’s year-to-date sales of 732.
Our Median Sales Price in February was $544,200, up 21.4% from $448,250 in February of 2019 and up 8.8% from $500,000 last month. The average sales price in February was $715,285, up 18.4% from $603,936 in February of 2019 and up 10.6% from $646,595 last month. February 2020 ASP was at highest level compared to February of 2019 and 2018.
The total inventory of Scottsdale Arizona Homes for sale as of February was 2,194, up 12.2% from 1,955 last month and down -25.0% from 2,924 in February of last year. February 2020 Inventory was at the lowest level compared to February 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 February was 64, up from 62 days last month and down from 74 days in February of last year. The February 2020 DOM was at its lowest level compared with February 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 February 2020 selling price per square foot of $280 was up 4.1% from $269 last month and up 11.6% from $251 in February 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 February 2020 selling price vs list price of 96.2% was up from 95.8% last month and up from 94.6% in February 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 🙂