Scottsdale Homes 85262
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(Scottsdale Homes 85262) Our Median Sales Price in February was $1,187,500, up 28.9% from $921,000 in February of 2020 and up 2.4% from $1,160,000 last month. The average sales price in February was $1,516,248, up 24.9% from $1,213,650 in February of 2020 and down -12.9% from $1,741,499 last month. February 2021 ASP was at highest level compared to February of 2020 and 2019.
There are currently (238) Homes for sale in the 85262 Zip Code Area.
Scottsdale Homes 85262 ~ Newest Listings
Scottsdale Homes 85262 ~ Monthly Market Report
(Scottsdale Homes 85262) Our February property sales were 80, up from 70 in February of 2020 and 1.3% higher than the 79 sales last month. February 2021 sales were at their highest level compared to February of 2020 and 2019. February YTD sales of 159 are running 50.0% ahead of last year’s year-to-date sales of 106.
(Scottsdale Homes 85262) The total inventory of properties available for sale as of February was 229, up 10.6% from 207 last month and down -44.8% from 415 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 81, down from 147 days last month and down from 97 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 $374 was up 6.6% from $351 last month and up 23.0% from $304 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 🙂