Scottsdale, AZ
Mon Aug 28 2017
This week the median list price for Scottsdale, AZ is $779,000 with the market action index hovering around 33. This is about the same as last month’s market action index of 33. Inventory has held steady at or around 1909.

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.

Slight Seller’s Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Median List Price $779,000
Per Square Foot $243
Days on Market 165
Price Decreased 43%
Price Increased 3%
Relisted 7%
Inventory 1909
Most Expensive $17,995,000
Least Expensive $218,000
Market Action Index
Slight Seller’s Advantage 33
Median List Price
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
$2,059,000 5,377 0.5 – 1 acre 4 4 13 13 13 282
$975,000 3,900 0.5 – 1 acre 4 3 18 25 19 184
$639,900 2,869 0.25 – 0.5 acre 4 3 22 44 45 117
$430,000 2,049 8,000 – 10,000 sqft 3 2 33 57 66 79