Scottsdale Homes 85259
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(Scottsdale Homes 85259) The Median Sales Price in July was $895,750, up 17.2% from $764,500 in July of 2019 and up 30.3% from $687,500 last month. The average sales price in July was $991,524, up 29.5% from $765,791 in July of 2019 and up 23.3% from $804,329 last month. July 2020 ASP was at highest level compared to July of 2019 and 2018.
There are currently (98) Homes for sale in the 85259 Zip Code Area.
Scottsdale Homes 85259 ~ Newest Listings
Scottsdale Homes 85259 ~ Monthly Market Report
(Scottsdale Homes 85259) Our July property sales were 48, up from 40 in July of 2019 and -4.0% lower than the 50 sales last month. July 2020 sales were at their highest level compared to July of 2019 and 2018. July YTD sales of 304 are running -15.1% behind last year’s year-to-date sales of 358.
(Scottsdale Homes 85259) The total inventory of properties available for sale as of July was 98, up 16.7% from 84 last month and down -39.9% from 163 in July of last year. July 2020 Inventory was at the lowest level compared to July 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 July was 57, up from 53 days last month and down from 65 days in July of last year. The July 2020 DOM was at its lowest level compared with July 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 July 2020 selling price per square foot of $257 was up 2.4% from $251 last month and up 10.3% from $233 in July 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 July 2020 selling price vs list price of 95.7% was down from 95.9% last month and up from 95.5% 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 🙂