Scottsdale Real Estate Update | Monday July 17th, 2017
Scottsdale Real Estate Update for Monday 7/17
This week the median list price for Scottsdale, AZ is $789,900 with the market action index hovering around 33. This is an increase over last month’s market action index of 31. Inventory has held steady at or around 2044.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $789,900 | |
| Per Square Foot | $243 | |
| Days on Market | 159 | |
| Price Decreased | 48% | |
| Price Increased | 3% | |
| Relisted | 7% | |
| Inventory | 2044 | |
| Most Expensive | $17,995,000 | |
| Least Expensive | $205,000 | |
| Market Action Index Slight Seller’s Advantage |
33 |
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 |
|---|---|---|---|---|---|---|---|---|
| $1,999,500 | 5,448 | 1 – 2.5 acres | 4 | 4 | 13 | 6 | 23 | 266 |
| $975,000 | 3,900 | 0.5 – 1 acre | 4 | 3 | 18 | 18 | 29 | 173 |
| $649,000 | 2,903 | 0.25 – 0.5 acre | 4 | 3 | 22 | 28 | 32 | 117 |
| $419,900 | 2,000 | 8,000 – 10,000 sqft | 3 | 2 | 33 | 41 | 53 | 80 |
