As of August 28, 2019, there are 1752 actively listed properties in Scottsdale–this includes single family homes, condo’s, town homes and patio homes. Check out our August 2019 Scottsdale real estate snapshot to learn more.
Like the rest of the Phoenix metro area, Scottsdale suffers from low inventory–at least in the sub $500K price ranges–case in point, in all of Scottsdale there are just 120 single family homes for sale under $500K.
Now, if you are looking North of $1M, there is a seven month supply of homes in Scottsdale. For buyers looking in the $300K to $500K range there is less than two months’ supply of homes–see the graph below for more detail.
Condo’s and Town Homes
For condo and town home buyers the situation is a bit better. There are nearly 500 units for sale across all price points and the average days on market (ADOM) is 114. With over 300 available units under $500K, buyers should be able to find a nice property. Above $500K, there is ample inventory with nearly 130 units for sale and an ADOM of 133.
Though most would categorize the current market as one in favor of sellers, you have to drill down to the zip code and dwelling type to get an accurate picture of what’s going on.
I hope that you have found this August 2019 Scottsdale real estate snapshot to be of help. If you have a question about a particular community, property or just a general real estate inquiry, reach out to me any time. To learn more about the Phoenix market, check out my company blog.
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