Scottsdale Homes 85266
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(Scottsdale Homes 85266) Our Median Sales Price in July was $839,000, up 8.3% from $775,000 in July of 2019 and down -0.1% from $840,000 last month. The average sales price in July was $1,016,955, up 21.8% from $835,233 in July of 2019 and up 8.3% from $939,331 last month. July 2020 ASP was at highest level compared to July of 2019 and 2018.
There are currently (133) Homes for sale in the 85266 Zip Code Area.
Scottsdale Homes 85266 ~ Newest Listings
Scottsdale Homes 85266 ~ Monthly Market Report
(Scottsdale Homes 85266) Our July property sales were 47, up from 40 in July of 2019 and 20.5% higher than the 39 sales last month. July 2020 sales were at their highest level compared to July of 2019 and 2018. July YTD sales of 245 are running -8.6% behind last year’s year-to-date sales of 268.
(Scottsdale Homes 85266) The total inventory of properties available for sale as of July was 124, up 3.3% from 120 last month and up 10.7% from 112 in July of last year. July 2020 Inventory was at a mid range 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 108, up from 74 days last month and up from 88 days in July of last year. The July 2020 DOM was at a mid range 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 $278 was down -4.5% from $291 last month and up 6.9% from $260 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 94.1% was down from 95.7% last month and down from 94.3% 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 🙂