A few months ago there were just 500 properties actively listed in Scottsdale--today, that number sits at 467. Inventory has fallen not just in Scottsdale, but across the county. Let's take a peek at my Scottsdale market update for March 2022. Buyers are flocking to Scottsdale from all over the country and many are paying cash--this has made it difficult for financed buyers to lock up property. …
Continue Reading about Scottsdale Market Update | March 2022
This time last month we reported that there were 504 active Scottsdale listings--as of January 31, there are 466 active listings. Here's my Scottsdale market report for January 2022. Inventory across the Phoenix metro area has dipped below 5000 units (all housing types) and demand is extremely high. Not all homes are selling immediately, but homes that are well located and in nice shape are …
Continue Reading about Scottsdale Market Report | January 2022
Scottsdale real estate, like the rest of the Phoenix Metro area, has been on absolute fire over the past sixty days. Let's get into to my Scottsdale market update for December 2021. First things first--let's look at the inventory numbers. Back in October we reported that there were 362 luxury properties for sale--compare that to 275 today--this represents a 24% decrease in luxury inventory. …
Continue Reading about Scottsdale Market Update | December 2021
Luxury real estate sales across Maricopa County have been going strong. Let's dive into my Scottsdale luxury market update for October 2021. As of October 31, there are 362 actively listed luxury properties in Scottsdale with an average days on market of 102. There are 334 pending sales and 28 "coming soon" properties. In the past 30 days there have been 167 sales that were on market an …
Continue Reading about Scottsdale Luxury Market Update | Oct 2021
Just like the rest of Maricopa County, the Scottsdale real estate frenzy is easing up. Let's jump into my Scottsdale real estate update for September 2021. First, sales are still going strong. There are fewer people willing to pay over the asking price, though this is still happening with exceptional homes. My appraiser said that over the past two months, he is no longer seeing any contracts …
Continue Reading about Scottsdale Real Estate Update | Sept 2021
It's been a busy few months for the Scottsdale market. Let's jump into our Scottsdale real estate update for August 2021. There are 428 active listings priced under $1M and 638 that are under contract. Since July 1, there have been 900 closed sales under $1M with an an average dollars per square foot obtained at sale of $332. The average days on market for recent sales was 31--slightly …
Continue Reading about Scottsdale Real Estate Update | August 2021
