Scottsdale Homes 85250
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(for Scottsdale 85250)
Our Median Sales Price in April was $358,000, up 13.7% from $315,000 in April of 2019 and down -17.9% from $436,200 last month.
There are currently (102) Properties for sale in the Scottsdale Arizona Homes 85250 Zip Code Area.
Scottsdale Homes 85250 ~ Newest Listings
Scottsdale Homes 85250 ~ Monthly Market Report
(for Scottsdale 85250) Our April property sales were 45, down from 55 in April of 2019 and -28.6% lower than the 63 sales last month. April 2020 sales were at their lowest level compared to April of 2019 and 2018. April YTD sales of 184 are running -9.8% behind last year’s year-to-date sales of 204.
(for Scottsdale 85250) Our Median Sales Price in April was $358,000, up 13.7% from $315,000 in April of 2019 and down -17.9% from $436,200 last month. The average sales price in April was $435,558, up 15.0% from $378,893 in April of 2019 and down -6.6% from $466,181 last month. April 2020 ASP was at highest level compared to April of 2019 and 2018.
The total inventory of properties available for sale as of April was 129, up 17.3% from 110 last month and up 11.2% from 116 in April of last year. April 2020 Inventory was at highest level compared to April 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 April was 52, up from 41 days last month and up from 49 days in April of last year. The April 2020 DOM was at its highest level compared with April of 2019 and 2018.
Selling Price / 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 April 2020 selling price per square foot of $256 was down -3.0% from $264 last month and up 12.8% from $227 in April 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 April 2020 selling price vs list price of 96.5% was down from 98.3% last month and up from 94.7% in April 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 🙂