Scottsdale, like the rest of the valley, has been on fire for the past 45 to 60 days. Let's dive in to our Scottsdale market update for June 2020. First let's talk about total housing inventory. As we discussed in our Phoenix metro report for June, inventory across the valley is at a 20 year low. There are less than 9000 homes on the market. Scottsdale is no exception and at most price points, …
Scottsdale Market Update | April 2020
Who's tired of hearing about covid-19? Me too! I will try to keep the covid discussion short. Let's dive in to my Scottsdale market update for April 2020. Just yesterday Governor Ducey extended the stay-at-home order another two weeks. While we are very much against this decision, it is what it is and we must all grin and bear it. The response to covid-19 has had far reaching effects on …
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Scottsdale 1st Quarter Market Update 2020
Let's dive right in to my Scottsdale 1st quarter market update for 2020. First the good news. There is still real estate activity despite COVID-19. We'll get into the numbers in just a minute. The bad news is that the number of COVID-19 cases reported in Arizona is likely a gross undercount and as new numbers come in, things are bound to get much worse around the state. I am not a doom …
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Scottsdale Market Update | Jan 2020
January is nearly behind us so it's time for my Scottsdale market update for January 2020. Let's jump in. As of January 31, 2020, there are 1792 active listings in Scottsdale--compare this to last months' number of 1852. In general, there is low inventory in Scottsdale--this matches what's going on in the greater Phoenix metro area. The active listings have been on market an average of …
Scottsdale Market Update | Dec 2019
November proved to be a pretty good month in terms of Scottsdale real estate activity. Let's see what's happened in the past 30 days and where we're at currently. Here's my Scottsdale market update for December 2019. The big news is still low inventory at most price points. As of December 16, there are 1851 properties actively listed. The average days on market for the active listings is …
Scottsdale Market Update | October 2019
September was brisk in terms of real estate sales. Let's take a look at recent stats for the Scottsdale real estate market. As of October 30, 2019 there are 1946 actively listed properties. There are 910 pending sales and over the past 30 days there have been 704 sales. Last month there were 591 closings--sales have increased by 16%! The graph below shows trends up to the end of …
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