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Welcome to Scottsdale Condos 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 Condo! 🙂
(Scottsdale Condos & Townhomes)
The Median Sales Price in September was $316,750, up 18.2% from $268,000 in September of 2019 and up 3.5% from $306,000 last month. The average sales price in September was $386,393, up 21.6% from $317,800 in September of 2019 and up 4.1% from $371,288 last month. September 2020 ASP was at highest level compared to September of 2019 and 2018. (more monthly market report below photos)
We can currently see (328) Condos available in Scottsdale today.
Scottsdale Condos ~ Newest Listings
Scottsdale Condos ~ Investment Opportunity
There is a Growing Interest today in Scottsdale Condos for each of – Convenience, Price Point, Vacation Homes, and Investment Income! We believe this a Very Good Buyer Opportunity, because many Communities still have “not” reached the older prices that we had back in 2006! Also – Our Large “Influx” of people moving to Arizona daily, moderate 6-10% Annual Equity Growth, and historically Low Interest Rates will help this Investment.
Scottsdale Condos / Townhomes ~ Monthly Market Report
(Condos / Townhomes) Our September property sales were 284, up from 225 in September of 2019 and 0.4% higher than the 283 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 2,298 are running 3.9% ahead of last year’s year-to-date sales of 2,211.
(Condos / Townhomes) The total inventory of properties available for sale as of September was 659, up 19.6% from 551 last month and up 16.6% from 565 in September of last year. September 2020 Inventory was at highest level compared to September 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 September was 44, down from 46 days last month and down from 57 days in September of last year. The September 2020 DOM was at its lowest level compared with September 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 September 2020 selling price per square foot of $259 was up 0.4% from $258 last month and up 12.1% from $231 in September 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 September 2020 selling price vs list price of 97.2% was up from 96.5% last month and up from 96.5% in September 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 🙂