Scottsdale Homes 85255
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(Scottsdale Homes 85255) Our Median Sales Price in July was $1,080,000, up 12.5% from $960,000 in July of 2020 and down -16.9% from $1,300,000 last month. The average sales price in July was $1,368,804, up 17.8% from $1,162,206 in July of 2020 and down -20.2% from $1,714,640 last month. July 2021 ASP was at highest level compared to July of 2020 and 2019.
There are currently (100) Homes for sale in the 85255 Zip Code Area.
Scottsdale Homes 85255 ~ Newest Listings
Scottsdale Homes 85255 ~ Monthly Market Report
(Scottsdale Homes 85255) Our July property sales were 115, up from 101 in July of 2020 and -18.4% lower than the 141 sales last month. July 2021 sales were at their highest level compared to July of 2020 and 2019. July YTD sales of 931 are running 50.4% ahead of last year’s year-to-date sales of 619.
(Scottsdale Homes 85255) The total inventory of properties available for sale as of July was 152, up 13.4% from 134 last month and down -48.5% from 295 in July of last year. July 2021 Inventory was at the lowest level compared to July 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 July was 21, down from 39 days last month and down from 72 days in July of last year. The July 2021 DOM was at its lowest level compared with July 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 July 2021 selling price per square foot of $394 was down -6.4% from $421 last month and up 25.9% from $313 in July 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 🙂