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Scottsdale’s real estate market in 2024 offers strong investment potential, with a 12% increase in average sales prices and rising property values, making it a prime opportunity for buyers and investors. While mortgage rates have climbed to 7.04%, creative financing strategies can help buyers navigate affordability challenges. Additionally, a slight increase in inventory provides more choices for those looking to purchase, but acting quickly is essential as demand remains strong.
– Grant Van Dyke
Scottsdale
Average Sales Price: 2023 – $1410686 vs 2024 – $1582238 = 12% increase
Average Days On Market: 2023 – 72 vs 2024 – 79 = 10% increase
Average Sale Price Per Square Foot: 2023 – $452 vs 2024 – $480 = 6% increase
Sale to List Price Ratio: 2023 – 96.24% vs 2024 – 96.54% = 0% Change
Number of Sold Listings: 2023 – 3856 vs 2024 – 3867 = 0% Change
Months Supply of Inventory: 2023 – 1.71 vs 2024 – 1.8 = 5% increase
Mortgage Rate: 2023 – 6.90% vs 2024 – 7.04% = 2% increase
Top 10 Sales
$17,000,000 10323 E Robs Camp Rd, Scottsdale
$12,250,000 19486 N 104th St, Scottsdale
$11,720,000 10835 E Mountain Spring Rd, Scottsdale
$10,800,000 42994 N 102nd St, Scottsdale
$10,500,000 20936 N 109th Pl, Scottsdale
$10,500,000 19663 N 103rd St, Scottsdale
$10,400,000 21039 N 102nd St, Scottsdale
$9,975,000 8015 N 74th Pl, Scottsdale
$9,500,000 6039 E Mariposa St, Scottsdale
$9,300,000 10500 E Lost Canyon Dr #30, Scottsdale
