Scottsdale Real Estate Update | Monday December 11th, 2017
Scottsdale, AZ
Mon Dec 11 2017
This week the median list price for Scottsdale, AZ is $860,200 with the market action index hovering around 30. This is about the same as last month’s market action index of 30. Inventory has held steady at or around 2142.
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 |
100030
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $860,200 | |
| Per Square Foot | $256 | |
| Days on Market | 158 | |
| Price Decreased | 41% | |
| Price Increased | 3% | |
| Relisted | 5% | |
| Inventory | 2142 | |
| Most Expensive | $17,995,000 | |
| Least Expensive | $199,000 | |
| Market Action Index Slight Seller’s Advantage |
30 |
Avg 7-DayAvg 90-DayDec 2014Feb 2015May 2015Jul 2015Sep 2015Nov 2015Feb 2016Apr 2016Jun 2016Sep 2016Nov 2016Jan 2017Mar 2017Jun 2017Aug 2017Oct 2017$550K$600K$650K$700K$750K$800K$850K$900KFriday, Aug 12, 2016● Avg 7-Day: $730,000
The market appears to be 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 |
|---|---|---|---|---|---|---|---|---|
| $2,295,000 | 5,775 | 1 – 2.5 acres | 4 | 5 | 12 | 16 | 10 | 241 |
| $1,145,895 | 4,064 | 0.5 – 1 acre | 4 | 3 | 18 | 28 | 33 | 174 |
| $699,000 | 3,010 | 0.25 – 0.5 acre | 4 | 3 | 21 | 38 | 43 | 130 |
| $439,900 | 2,000 | 8,000 – 10,000 sqft | 3 | 2 | 31 | 53 | 80 | 87 |
