Scottsdale Real Estate Update | Monday January 29th, 2018
31 Jan 2018 by Barbara Woyak

Scottsdale, AZ

Mon Jan 29 2018 
This week the median list price for Scottsdale, AZ is $879,000 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 2220. 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

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

Never miss important changes in the Scottsdale market.

Median List Price $879,000
Per Square Foot $258
Days on Market 163
Price Decreased 41%
Price Increased 3%
Relisted 5%
Inventory 2220
Most Expensive $17,995,000
Least Expensive $111,000
Market Action Index
Slight Seller’s Advantage		 30
Avg 7-DayAvg 90-DayFeb 2015Apr 2015Jun 2015Sep 2015Nov 2015Jan 2016Apr 2016Jun 2016Aug 2016Oct 2016Jan 2017Mar 2017May 2017Aug 2017Oct 2017Dec 2017$600K$650K$700K$750K$800K$850K$900K

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,395,000 5,886 1 – 2.5 acres 4 5 12 29 12 241
$1,170,000 4,108 0.5 – 1 acre 4 4 19 50 24 187
$699,900 3,058 0.25 – 0.5 acre 4 3 21 49 53 134
$439,900 1,977 6,500 – 8,000 sqft 3 2 33 78 66 87
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.