Scottsdale Real Estate Update | Monday November 20th, 2017
21 Nov 2017 by Barbara Woyak

Scottsdale, AZ

Mon Nov 20 2017 
This week the median list price for Scottsdale, AZ is $829,994 with the market action index hovering around 30. This is less than last month’s market action index of 31. Inventory has held steady at or around 2208. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes it’s climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.

Median List Price $829,994
Per Square Foot $254
Days on Market
153
Price Decreased 40%
Price Increased 3%
Relisted 6%
Inventory 2208
Most Expensive $17,995,000
Least Expensive $143,000
Market Action Index
Slight Seller’s Advantage		 30
Avg 7-DayAvg 90-DayNov 2014Jan 2015Apr 2015Jun 2015Aug 2015Oct 2015Jan 2016Mar 2016May 2016Aug 2016Oct 2016Dec 2016Mar 2017May 2017Jul 2017Sep 2017$550K$600K$650K$700K$750K$800K$850K$900K

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
$2,249,500 5,725 1 – 2.5 acres 4 5 12 22 13 238
$1,050,000 4,000 0.5 – 1 acre 4 3 18 43 29 170
$674,900 2,903 0.25 – 0.5 acre 4 3 21 35 52 125
$435,000 1,981 6,500 – 8,000 sqft 3 2 31 63 66 78
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.