Scottsdale Homes 85262
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(Scottsdale Homes 85262) Our Median Sales Price in July was $1,199,000, up 64.8% from $727,500 in July of 2019 and up 37.4% from $872,500 last month. The average sales price in July was $1,480,820, up 23.1% from $1,203,267 in July of 2019 and up 31.2% from $1,128,631 last month. July 2020 ASP was at highest level compared to July of 2019 and 2018.
There are currently (318) Homes for sale in the 85262 Zip Code Area.
Scottsdale Homes 85262 ~ Newest Listings
Scottsdale Homes 85262 ~ Monthly Market Report
(Scottsdale Homes 85262) Our July property sales were 61, up from 49 in July of 2019 and 27.1% higher than the 48 sales last month. July 2020 sales were at their highest level compared to July of 2019 and 2018. July YTD sales of 374 are running -2.1% behind last year’s year-to-date sales of 382.
(Scottsdale Homes 85262) The total inventory of properties available for sale as of July was 317, up 0.3% from 316 last month and down -3.9% from 330 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 159, up from 121 days last month and up from 135 days in July of last year. The July 2020 DOM was at its highest 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 $336 was up 13.5% from $296 last month and up 20.0% from $280 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 92.1% was down from 92.8% last month and down from 93.5% 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 🙂