Housing inventory across the luxury markets of Scottsdale and Paradise Valley has remained largely unchanged over the past 30 days with only a slight increase in Paradise Valley. There are currently 214 active listings in PV and 2306 in Scottsdale. Available inventory across the greater Phoenix metro area has also remained stable. The chart below shows how available inventory has changed in Scottsdale and PV over the past two years–these areas have flatlined over the past few months.
Scottsdale Under $2M
Under the $2M mark, there are 1679 active listings which have been on the market for an average of 95 days. There are 502 pending sales (up from last month) and there are 50 “coming soon” listings. Over the past 30 days, there have been 132 listings canceled. From Oct 1 to Oct 31, 2025, there have been 440 closed sales which were on the market for an average of 83 days. The closed sales sold at an average price per square foot of $411–up slightly from last month.
Scottsdale Luxury
North of $2M, there are 638 active listings which have been on the market for an average of 142 days. The number of active listings in this segment did increase from last month. There are 190 pending sales and during the month of October, there were 91 closed sales. Here are some MLS stats for recently closed sales:
- Average days on market: 114
- Average sold price per square foot: $698–down from $725 last month
- Average sold price: $3,058,581
- Average list to sale price ratio: .96
PV Luxe
In Paradise Valley, there are 184 active listings priced at $2M or more. The active listings have been on the market for an average of 97 days. There are 32 pending sales and nine “coming soon” listings. Over the past 30 days, there have been 22 listings that were either canceled or expired–this is typical for this time of year. From Oct 1 to Oct 31, 2025, there have been 22 closed sales–those closed sales were on the market for an average of 87 days.
Market Summary
Both markets have declined over the past 30 days, but overall remain in weak sellers markets. At lower price points, both areas are experiencing a slight buyer’s advantage while the mid to higher price ranges are experiencing a slight seller’s advantage. After the most recent Fed meeting, mortgage rates actually rose, but still remain below 7% in Arizona. I expect to see a blip of activity over the next few weeks, with a slow down in activity until mid-January. Thank for reviewing my Scottsdale and Paradise Valley market update for November 2025.
Founder of the 
