Scottsdale Homes 85255
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(Scottsdale Homes 85255) Our Median Sales Price in November was $830,775, down -5.9% from $882,500 in November of 2019 and down -10.2% from $924,900 last month. The average sales price in November was $1,169,445, down -3.3% from $1,209,222 in November of 2019 and down -16.3% from $1,396,942 last month. November 2020 ASP was at a mid range compared to November of 2019 and 2018.
There are currently (272) Homes for sale in the 85255 Zip Code Area. (inventory is falling)
Scottsdale Homes 85255 ~ Newest Listings
Scottsdale Homes 85255 ~ Monthly Market Report
(Scottsdale Homes 85255) Our November property sales were 115, up from 76 in November of 2019 and -14.8% lower than the 135 sales last month. November 2020 sales were at their highest level compared to November of 2019 and 2018. November YTD sales of 1,117 are running 14.9% ahead of last year’s year-to-date sales of 972.
(Scottsdale Homes 85255) The total inventory of properties available for sale as of November was 283, up 3.3% from 274 last month and down -25.9% from 382 in November of last year. November 2020 Inventory was at the lowest level compared to November 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 November was 48, down from 60 days last month and down from 70 days in November of last year. The November 2020 DOM was at its lowest level compared with November 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 November 2020 selling price per square foot of $332 was down -3.2% from $343 last month and up 8.9% from $305 in November 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 November 2020 selling price vs list price of 96.9% was up from 95.9% last month and up from 93.8% in November 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 🙂