Scottsdale Real Estate Update | Monday December 4th, 2017
04 Dec 2017 by Barbara Woyak

Scottsdale, AZ

Mon Dec 04 2017 
This week the median list price for Scottsdale, AZ is $849,900 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 2177. 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

100030

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

Never miss important changes in the Scottsdale market.

Median List Price $849,900
Per Square Foot $256
Days on Market 158
Price Decreased 41%
Price Increased 3%
Relisted 5%
Inventory 2177
Most Expensive $17,995,000
Least Expensive $143,000
Market Action Index
Slight Seller’s Advantage		 30

 

  • Median List Price

Click and drag in the plot area to zoom in.

Avg 7-DayAvg 90-DayDec 2014Feb 2015Apr 2015Jul 2015Sep 2015Nov 2015Jan 2016Apr 2016Jun 2016Aug 2016Nov 2016Jan 2017Mar 2017Jun 2017Aug 2017Oct 2017$550K$600K$650K$700K$750K$800K$850K$900KFriday, Apr 22, 2016● Avg 7-Day: $789,000

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
$2,267,500 5,762 1 – 2.5 acres 4 5 12 15 12 240
$1,100,000 4,027 0.5 – 1 acre 4 3 18 24 20 177
$689,000 2,973 0.25 – 0.5 acre 4 3 21 18 31 129
$437,000 1,982 8,000 – 10,000 sqft 3 2 31 37 55 86

 

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.