Scottsdale Homes 85255
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The median sales price in April was $710,000, up 1.4% from $700,000 in April of 2019 and up 11.1% from $639,000 last month.
There are currently (460) Properties for sale in the Scottsdale Arizona Homes 85255 Zip Code Area.
Scottsdale Homes 85255 ~ Newest Listings
Scottsdale Homes 85255 ~ Monthly Market Report
(Scottsdale 85255) Our April property sales were 103, down from 124 in April of 2019 and -19.5% lower than the 128 sales last month. April 2020 sales were at their lowest level compared to April of 2019 and 2018. April YTD sales of 468 are running 11.2% ahead of last year’s year-to-date sales of 421.
(Scottsdale 85255) Our Median Sales Price in April was $710,000, up 1.4% from $700,000 in April of 2019 and up 11.1% from $639,000 last month. The average sales price in April was $938,026, down -1.7% from $954,087 in April of 2019 and down -5.5% from $992,596 last month. April 2020 ASP was at a mid range compared to April of 2019 and 2018.
(Scottsdale 85255) The total inventory of properties available for sale as of April was 455, up 9.6% from 415 last month and down -22.8% from 589 in April of last year. April 2020 Inventory was at the lowest 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 65, up from 64 days last month and down from 75 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 $300 was up 2.4% from $293 last month and up 5.3% from $285 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 95.7% was down from 96.1% last month and up from 94.2% 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 🙂