We love doing Live VIDEO Previews! Our Scottsdale Condos Buyer Service is FREE! Property Alerts Here 🙂
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 July was $296,000, up 8.0% from $274,000 in July of 2019 and down -3.0% from $305,000 last month. The average sales price in July was $345,408, up 8.1% from $319,386 in July of 2019 and down -1.4% from $350,455 last month. July 2020 ASP was at highest level compared to July of 2019 and 2018. (more monthly market report below photos)
We can currently see (282) 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 July property sales were 310, up from 265 in July of 2019 and 27.6% higher than the 243 sales last month. July 2020 sales were at their highest level compared to July of 2019 and 2018. July YTD sales of 1,731 are running -1.4% behind last year’s year-to-date sales of 1,756.
(Condos / Townhomes) The total inventory of properties available for sale as of July was 656, up 13.3% from 579 last month and up 18.0% from 556 in July of last year. July 2020 Inventory was at highest level compared to July 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 July was 54, up from 41 days last month and down from 55 days in July of last year. The July 2020 DOM was at a mid range compared with July 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 July 2020 selling price per square foot of $250 was up 2.0% from $245 last month and up 9.6% from $228 in July 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 July 2020 selling price vs list price of 96.6% was up from 96.5% last month and up from 95.9% in July 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 🙂