Scottsdale Homes 85251
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Our median sales price in April was $350,000, up 3.7% from $337,500 in April of 2019 and down -10.9% from $392,600 last month.
There are currently (340) Properties for sale in the Scottsdale Homes 85251 Zip Code Area.
Scottsdale Homes 85251 ~ Newest Listings
Scottsdale Homes 85251 ~ Monthly Market Report
Our April property sales were 71, down from 105 in April of 2019 and -43.7% lower than the 126 sales last month. April 2020 sales were at their lowest level compared to April of 2019 and 2018. April YTD sales of 391 are running 1.6% ahead of last year’s year-to-date sales of 385.
Our Median Sales Price in April was $350,000, up 3.7% from $337,500 in April of 2019 and down -10.9% from $392,600 last month. The average sales price in April was $427,731, down -4.3% from $447,049 in April of 2019 and down -15.2% from $504,612 last month. April 2020 ASP was at the lowest level compared to April of 2019 and 2018.
The total inventory of properties available for sale as of April was 342, up 6.2% from 322 last month and down -4.2% from 357 in April of last year. April 2020 Inventory was at a mid range 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 40, up from 37 days last month and down from 62 days in April of last year. The April 2020 DOM was at its lowest 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 $276 was down -5.8% from $293 last month and up 5.7% from $261 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 96.6% was up from 96.5% last month and up from 94.6% 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 🙂