Scottsdale Real Estate Update | Monday October 9th, 2017
10 Oct 2017 by Barbara Woyak

Scottsdale, AZ

This week the median list price for Scottsdale, AZ is $775,450 with the market action index hovering around 31. This is less than last month’s market action index of 33. Inventory has held steady at or around 2134. Click here to stay informed with the Scottsdale market!

Market Action Index
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller’s Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

100
0
31
100
0
100
0

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile
Never miss important changes in the Scottsdale market.
Median List Price
$775,450
Per Square Foot
$246
Days on Market
153
Price Decreased
40%
Price Increased
4%
Relisted
6%
Inventory
2134
Most Expensive $17,995,000
Least Expensive $209,900
Market Action Index
Slight Seller’s Advantage
31

Median List Price
Market Segments
Click and drag in the plot area to zoom in.

Avg 7-Day
Avg 90-Day
Oct 2014
Dec 2014
Mar 2015
May 2015
Jul 2015
Oct 2015
Dec 2015
Feb 2016
Apr 2016
Jul 2016
Sep 2016
Nov 2016
Feb 2017
Apr 2017
Jun 2017
Sep 2017
$550K
$600K
$650K
$700K
$750K
$800K
$850K
$900K
Friday, Jan 13, 2017●
Avg 90-Day: $801,542

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments
Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,999,000 5,450 0.5 – 1 acre 4 4 12 49 14 261
$975,000 3,842 0.5 – 1 acre 4 3 18 71 29 169
$639,000 2,835 0.25 – 0.5 acre 4 3 21 77 36 109
$427,874 2,008 8,000 – 10,000 sqft 3 2 33 100 79 72

Barbara Woyak

Frustrated by a bad experience, Barbara began her real estate career with a goal of providing exceptional service. Our motto is "A Name Friends Recommend." If you have a great experience then you will want your friends and family to have that same great experience.