Real Estate Market Update | Scottsdale | 2020 1st Quarter vs 2019 1st Quarter

Real Estate Market Update | Scottsdale | 2020 1st Quarter vs 2019 1st Quarter

Real Estate Market Update | Scottsdale | 2020 1st Quarter vs 2019 1st Quarter

Scottsdale Average Sales Price
Q1 2019 – $766,156
Q1 2020 – $895,007
17% Increase

Average Days On Market
Q1 2019 – 107
Q1 2020 – 89
17% Decrease

Average Sale Price Per Square Foot
Q1 2019 – $257.12
Q1 2020 – $279.78
9% Increase

Sale to List Price Ratio
Q1 2019 – 95.63%
Q1 2020 – 96.86%
1% Increase

Number of Sold Listings
Q1 2019 – 1,146
Q1 2020 – 1,266
10% Increase

Months Supply of Inventory
Q1 2019 – 3.48
Q1 2020 – 2.49
28% Decrease

Mortgage Rate
Q1 2019 – 4.17%
Q1 2020 – 3.75%
10% Decrease

Top 10 Sales
1. $8,000,000 10625 E Wingspan Way, Scottsdale, AZ
2. $7,500,000 27376 N 98th Pl, Scottsdale, AZ
3. $5,895,000 20913 N 109th Pl, #1619, Scottsdale, AZ
4. $5,400,000 6513 E Exeter Blvd, Scottsdale, AZ
5. $5,000,000 9203 E Brahma Rd, Scottsdale, AZ
6. $4,850,000 11038 E Saguaro Canyon Trl, Scottsdale, AZ
7. $4,750,000 9701 E Happy Valley Rd, 14A, Scottsdale, AZ
8. $4,350,000 10195 E Santa Catalina Dr, Scottsdale, AZ
9. $4,200,000 9866 E Kemper Way, Scottsdale, AZ
10. $4,025,000 26281 N 119th St, Scottsdale, AZ

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