Scottsdale Real Estate Update | Monday July 31st, 2017
Scottsdale, AZ
Mon Jul 31 2017
This week the median list price for Scottsdale, AZ is $791,950 with the market action index hovering around 33. This is an increase over last month’s market action index of 32. Inventory has held steady at or around 1968.
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 | $791,950 | |
| Per Square Foot | $243 | |
| Days on Market | 163 | |
| Price Decreased | 46% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 1968 | |
| Most Expensive | $17,995,000 | |
| Least Expensive | $195,000 | |
| Market Action Index Slight Seller’s Advantage |
33 |
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Median List Price
Segments
Click and drag in the plot area to zoom in.
Avg 7-DayAvg 90-DayJul 2014Oct 2014Dec 2014Feb 2015May 2015Jul 2015Sep 2015Nov 2015Feb 2016Apr 2016Jun 2016Sep 2016Nov 2016Jan 2017Mar 2017Jun 2017$500K$550K$600K$650K$700K$750K$800K$850K$900KFriday, Oct 31, 2014● Avg 7-Day: $595,450
The market appears to be 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 |
|---|---|---|---|---|---|---|---|---|
| $1,999,749 | 5,439 | 0.5 – 1 acre | 4 | 4 | 13 | 7 | 12 | 274 |
| $975,000 | 3,902 | 0.5 – 1 acre | 4 | 3 | 18 | 26 | 34 | 178 |
| $649,000 | 2,912 | 0.25 – 0.5 acre | 4 | 3 | 22 | 37 | 51 | 121 |
| $422,000 | 2,020 | 8,000 – 10,000 sqft | 3 | 2 | 33 | 56 | 82 | 79 |
