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In the coming months, Scottsdale’s single-family home prices are expected to rise through November and December. Historical trends indicate that inventory may tighten further as the typical holiday slowdown in new listings takes effect, creating a potentially competitive landscape for year-end buyers.
– Grant Van Dyke
Scottsdale
Average Sales Price: September 2024 > $1,562,534 vs October 2024 > $1,455,639 = 7% decrease
Average Days On Market: September 2024 > 88 vs October 2024 > 78 = 11% decrease
Average Sale Price Per Square Foot: September 2024 > $482 vs October 2024 > $475 = 1% decrease
Sale to List Price Ratio: September 2024 > 96.48% vs October 2024 > 96.49% = 0% No Change
Number of Sold Listings: September 2024 > 269 vs October 2024 > 292 = 9% increase
Months Supply of Inventory: September 2024 > 6.45 vs October 2024 > 6.18 = 4% decrease
Mortgage Rate: September 2024 > 6.26% vs October 2024 > 6.88% = 10% increase
Top 10 Sales
$7,000,000 42088 N 108th Place
$5,800,000 8542 E Los Gatos Drive
$5,650,000 9820 E Thompson Peak Pkwy #640
$5,495,000 11057 E Distant Hills Drive
$4,666,207 24922 N 91st Street
$4,600,000 8014 E Sharon Drive
$4,500,000 9408 E Covey Trail
$4,350,000 10004 E Cholla Street
$4,350,000 33371 N Vanishing Trail
$4,325,000 18931 N 97th Place
