Scottsdale Homes 85251
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(Scottsdale Homes 85251)
Our Median Sales Price in September was $570,000, up 22.6% from $465,000 in September of 2019 and up 3.2% from $552,500 last month. The average sales price in September was $864,659, up 54.8% from $558,721 in September of 2019 and down -4.2% from $902,972 last month. September 2020 ASP was at highest level compared to September of 2019 and 2018.
There are currently (71) Homes for sale in 85251.
Scottsdale Homes 85251 ~ Newest Listings
Scottsdale Homes 85251 ~ Monthly Market Report
(Scottsdale Homes 85251) Our September property sales were 37, up from 33 in September of 2019 and 15.6% higher than the 32 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 295 are running -2.0% behind last year’s year-to-date sales of 301.
(Scottsdale Homes 85251) The total inventory of properties available for sale as of September was 69, up 11.3% from 62 last month and up 11.3% from 62 in September of last year. September 2020 Inventory was at a mid range 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 35, equal to 35 days last month and down from 61 days in September of last year. The September 2020 DOM was at its lowest level compared with September 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 September 2020 selling price per square foot of $332 was down -0.9% from $335 last month and up 21.2% from $274 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 96.3% was equal to 96.3% last month and up from 95.5% 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 🙂