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In February 2024, Scottsdale’s housing market showed a big increase in property values and demand compared to January. The average home sales price rose to $1,465,679, showing strong market activity and higher property prices. Also, the number of available properties for sale decreased from a 7-month supply in January to a 5.55-month supply in February despite increased demand. The 30-year fixed rate mortgage rates went up to 7.22%, which could make it harder for buyers to afford homes and affect their home-buying decisions.
– Grant Van Dyke
Scottsdale
Average Sales Price: Jan 2024 > $1391271 vs Feb 2024 > $1465679 = 5% increase
Average Days On Market: Jan 2024 > 76 vs Feb 2024 > 75 = 1% decrease
Average Sale Price Per Square Foot: Jan 2024 > $466 vs Feb 2024 > $469 = 1% increase
Sale to List Price Ratio: Jan 2024 > 96.68% vs Feb 2024 > 97.74% = 1% increase
Number of Sold Listings: Jan 2024 > 246 vs Feb 2024 > 326 = 33% increase
Months Supply of Inventory: Jan 2024 > 7.37 vs Feb 2024 > 5.55 = 25% decrease
Mortgage Rate: Jan 2024 > 6.84% vs Feb 2024 > 7.22% = 6% increase
Top 10 Sales
$8,125,000 27518 N 103rd St
$6,600,000 9894 E Chiricahua Pass
$6,000,000 39202 N Charles Blair Macdonald Rd
$5,700,000 9919 E Aleka Way
$5,384,048 4828 N 66th St
$4,950,000 9965 E Cholla St
$4,834,665 9487 E High Canyon Dr
$4,695,000 11748 E Quail Track Dr E
$4,550,000 36745 N 101st St
$4,500,000 9993 E Cholla St
