Scottsdale Homes 85254
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(Scottsdale Homes 85254) Our Median Sales Price in February was $665,000, up 20.4% from $552,500 in February of 2020 and down -1.4% from $674,500 last month. The average sales price in February was $756,978, up 20.4% from $628,600 in February of 2020 and up 4.6% from $723,769 last month. February 2021 ASP was at highest level compared to February of 2020 and 2019.
There are currently (57) Homes for sale in the 85254 Zip Code Area.
Scottsdale Homes 85254 ~ Newest Listings
Scottsdale Homes 85254 ~ Monthly Market Report
(Scottsdale Homes 85254) Our February property sales were 65, down from 70 in February of 2020 and 6.6% higher than the 61 sales last month. February 2021 sales were at a mid level compared to February of 2020 and 2019. February YTD sales of 126 are running 13.5% ahead of last year’s year-to-date sales of 111.
(Scottsdale 85254) The total inventory of properties available for sale as of February was 55, up 37.5% from 40 last month and down -43.3% from 97 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 33, down from 39 days last month and down from 45 days in February of last year. The February 2021 DOM was at its lowest level compared with February of 2020 and 2019.
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 February 2021 selling price per square foot of $294 was up 10.1% from $267 last month and up 24.6% from $236 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 🙂