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Welcome to our Scottsdale Land page where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We can also provide Live Video Previews for your favorite Scottsdale Arizona Home! 🙂
Our Median Sales Price in February was $353,750, up 56.2% from $226,500 in February of 2020 and up 32.0% from $268,000 last month. The average sales price in February was $496,743, up 15.9% from $428,750 in February of 2020 and up 18.6% from $418,767 last month. February 2021 ASP was at highest level compared to February of 2020 and 2019.
We can currently see (287) Scottsdale Lots available today! (inventory is falling)
Scottsdale Land & Lots ~ Newest Listings
Scottsdale Land ~ Monthly Market Report
(Scottsdale Land) Our February property sales were 56, up from 28 in February of 2020 and 30.2% higher than the 43 sales last month. February 2021 sales were at their highest level compared to February of 2020 and 2019. February YTD sales of 99 are running 73.7% ahead of last year’s year-to-date sales of 57.
(Scottsdale Land) The total inventory of properties available for sale as of February was 366, equal to 366 last month and down -35.6% from 568 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 261, up from 173 days last month and down from 340 days in February of last year. The February 2021 DOM was at a mid range 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 $0 was equal to $0 last month and equal to $0 in February 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 February 2021 selling price vs list price of 91.3% was up from 90.2% last month and up from 88.4% 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 🙂