Scottsdale Real Estate Update | Monday January 8th, 2018
08 Jan 2018 by Barbara Woyak

Scottsdale, AZ

Mon Jan 08 2018 
This week the median list price for Scottsdale, AZ is $875,000 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 2015. 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

Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer’s market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.

 

Real-Time Market Profile

Never miss important changes in the Scottsdale market.

Median List Price $875,000
Per Square Foot $260
Days on Market 170
Price Decreased 39%
Price Increased 3%
Relisted 4%
Inventory 2015
Most Expensive $17,995,000
Least Expensive $111,000
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-DayJan 2015Mar 2015Jun 2015Aug 2015Oct 2015Jan 2016Mar 2016May 2016Jul 2016Oct 2016Dec 2016Feb 2017May 2017Jul 2017Sep 2017Dec 2017$550K$600K$650K$700K$750K$800K$850K$900K

While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

 

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 5,907 1 – 2.5 acres 4 5 12 12 15 246
$1,189,500 4,112 0.5 – 1 acre 4 4 19 14 29 198
$699,950 3,051 0.25 – 0.5 acre 4 3 21 27 30 138
$440,000 1,997 8,000 – 10,000 sqft 3 2 33 47 61 97

 

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.