Scottsdale Real Estate Update | Monday November 6th, 2017
07 Nov 2017 by Barbara Woyak

Scottsdale, AZ

Mon Nov 06 2017 
This week the median list price for Scottsdale, AZ is $799,900 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 2194. 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

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In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.

Median List Price $799,900
Per Square Foot $252
Days on Market 154
Price Decreased 41%
Price Increased 3%
Relisted 6%
Inventory 2194
Most Expensive $17,995,000
Least Expensive $209,900
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
$2,137,450 5,590 1 – 2.5 acres 4 4 12 21 11 246
$999,700 3,923 0.5 – 1 acre 4 3 18 37 32 173
$650,000 2,880 0.25 – 0.5 acre 4 3 21 32 40 122
$432,500 1,980 6,500 – 8,000 sqft 3 2 32 58 60 77
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.