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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 July was $295,000, up 26.3% from $233,500 in July of 2019 and down -9.2% from $325,000 last month. The average sales price in July was $554,633, up 12.5% from $492,833 in July of 2019 and up 36.5% from $406,436 last month. July 2020 ASP was at highest level compared to July of 2019 and 2018.
We can currently see (443) Scottsdale Lots available today!
Scottsdale Land & Lots ~ Newest Listings
Scottsdale Land ~ Monthly Market Report
(Scottsdale Land) Our July property sales were 45, up from 24 in July of 2019 and 15.4% 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 207 are running 19.7% ahead of last year’s year-to-date sales of 173.
(Scottsdale Land) The total inventory of properties available for sale as of July was 453, down -4.6% from 475 last month and down -18.2% from 554 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 324, up from 291 days last month and up from 294 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 $0 was equal to $0 last month and equal to $0 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 86.9% was down from 87.6% last month and up from 85.6% 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 🙂