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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 February was $350,000, up 17.6% from $297,500 in February of 2020 and up 4.0% from $336,450 last month. The average sales price in February was $450,715, up 21.4% from $371,319 in February of 2020 and up 9.0% from $413,594 last month. February 2021 ASP was at highest level compared to February of 2020 and 2019. (more monthly market report below photos)
We can currently see (139) Condos available in Scottsdale today. (inventory is falling)
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 February property sales were 309, up from 226 in February of 2020 and 13.6% higher than the 272 sales last month. February 2021 sales were at their highest level compared to February of 2020 and 2019. February YTD sales of 581 are running 26.0% ahead of last year’s year-to-date sales of 461.
(Condos / Townhomes) The total inventory of properties available for sale as of February was 422, up 19.5% from 353 last month and down -19.9% from 527 in February of last year. February 2021 Inventory was at the lowest level compared to February of 2020 and 2019.
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 45, up from 42 days last month and up from 41 days in February of last year. The February 2021 DOM was at a mid range compared with February of 2020 and 2019.
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 2021 selling price per square foot of $308 was up 7.7% from $286 last month and up 21.7% from $253 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 2021 selling price vs list price of 99.1% was up from 97.3% last month and up from 97.5% 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 🙂