The 2% decrease in the number of sold listings to 416 units, along with the luxury market continuing to hold a steady pace, has impacted the Metro Phoenix market dynamics. This decline contributed to a 3% decrease in the Average Sales Price, while the Average Price Per square foot remained steady at $376 per square […]
A growing number of sellers are becoming more flexible with their initial asking prices. Recent reports indicate that in September, approximately 9.2% of home listings experienced a reduction in their listed prices. This trend is increasingly creating opportunities for prospective buyers, provided they can overlook the impact of interest rates. The market boasts a higher […]
A growing number of sellers are becoming more flexible with their initial asking prices. Recent reports indicate that in September, approximately 9.2% of home listings experienced a reduction in their listed prices. This trend is increasingly creating opportunities for prospective buyers, provided they can overlook the impact of interest rates. The market boasts a higher […]
There’s good news in the Scottsdale housing market: the Average Sales Price has risen by 1% to a comfortable $1,362,950, equating to a $451 Average Price Per Square Foot. Additionally, inventory has decreased to 3.83 months’ worth of properties for sale, signaling a move toward a balanced market. While mortgage rates have hovered above 7%, […]
The Metro Phoenix market saw a 3% drop in the Average Sales Price, now at $965,455, leading to a $357 Average Price Per Square Foot. Inventory increased slightly to 3.47 month’s worth of properties for sale. When the 30-year fixed mortgage rate stays above 7%, demand for resale homes is so weak that more is […]
The Scottsdale housing market for July 2023 indicates a decline in sold listings and average sales prices for the 2nd consecutive month, with an increase in inventory. However, U.S. property values are up in all regions except for the West and Mountain, which serve as lead indicators for market trends. It remains to be seen […]
The Metro-Phoenix housing market for July 2023 indicates a decline in sold listings and average sales prices for the 2nd consecutive month, with an increase in inventory. However, U.S. property values are up in all regions except for the West and Mountain, which serve as lead indicators for market trends. It remains to be seen […]
In June 2023, the housing market in Scottsdale had a solid performance, benefiting home sellers. Overall, these statistics reflect a resilient housing market in Scottsdale during June 2023. The lower number of sold listings, adjusted average sales price, increased inventory, and slightly higher mortgage rates are all indicative of a favorable environment for home sellers. […]
Despite a moderate decrease in the number of sold listings, June 2023 proved to be a solid month for home sales in Metro Phoenix. Overall, June 2023 demonstrated positive indicators for home sales in Metro Phoenix, favoring home sellers. The market showcased resilience, with an increase in average sales prices and a decrease in available […]
Scottsdale’s ultra-luxury market is experiencing a blazing surge, with sales skyrocketing by 32% on a monthly basis. We are witnessing multiple offers on properties, as buyers scramble to secure the most desirable housing options. The scarcity of available properties in Scottsdale is the primary factor behind the increase in average sale prices. It will be […]
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