Scottsdale Real Estate Update | Monday October 23rd, 2017
24 Oct 2017 by Barbara Woyak

Scottsdale, AZ

Mon Oct 23 2017 
This week the median list price for Scottsdale, AZ is $799,000 with the market action index hovering around 31. This is less than last month’s market action index of 33. Inventory has held steady at or around 2155. 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

100031

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 $799,000
Per Square Foot $250
Days on Market 153
Price Decreased 40%
Price Increased 3%
Relisted 6%
Inventory 2155
Most Expensive $17,995,000
Least Expensive $209,900
Market Action Index
Slight Seller’s Advantage		 31

 

  • Median List Price

Click and drag in the plot area to zoom in.

Avg 7-DayAvg 90-DayOct 2014Dec 2014Mar 2015May 2015Jul 2015Oct 2015Dec 2015Feb 2016Apr 2016Jul 2016Sep 2016Nov 2016Feb 2017Apr 2017Jun 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
$2,112,563 5,581 1 – 2.5 acres 4 5 12 41 16 248
$999,000 3,920 0.5 – 1 acre 4 3 18 46 33 174
$649,900 2,870 0.25 – 0.5 acre 4 3 21 43 33 118
$430,000 2,000 8,000 – 10,000 sqft 3 2 32 71 79 72
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.