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 September.
The average days on market for active listings is 134–down six days from one month ago. The average days on market for recent sales is 81 and the list price to sale price ratio is .97. To see how Scottsdale compares to the rest of Maricopa County, check out my October market update.
Scottsdale Luxury Market
Now let’s take a peek at the Scottsdale luxury real estate market.
There are 791 listings priced at $1M or more–the highest priced listing currently is $32M. When you look at the total available housing inventory in Scottsdale (at 1946 units) and the number of luxury properties that are actively listed, it’s easy to see why this segment is under-performing.
The average days on market for the luxury segment is 195. This graph shows Supply v Demand by price point in Scottsdale:
Interested in viewing active listings in Scottsdale? Visit my company site to search Scottsdale listings and all of Maricopa County. Low home loan interest rates combined with solid demand point to strong sales activity in the coming months. If you have any questions about Scottsdale real estate, reach out any time. Thank you for taking the time to read my Scottsdale market update for October 2019.