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Scottsdale’s housing market is shifting, and the next few months will be key for both buyers and sellers. Average sales prices dropped 7% in August, and price per square foot continues to ease, creating opportunities for strategic buyers. While inventory dipped slightly, we’re still sitting at a six-month supply, a historically high level that gives buyers added leverage and pressures sellers to price competitively. Meanwhile, mortgage rates have fallen to 6.62%, sparking renewed interest from buyers heading into the fall.
– Grant Van Dyke
Scottsdale
Average Sales Price: July 2025 > $1,449,469 vs August 2025 > $1,349,027 = 7% decrease
Average Days On Market: July 2025 > 94 vs August 2025 > 85 = 10% decrease
Average Sale Price Per Square Foot: July 2025 > $474 vs August 2025 > $454 = 4% decrease
Sale to List Price Ratio: July 2025 > 95.74% vs August 2025 > 95.21% = 1% decrease
Number of Sold Listings: July 2025 > 293 vs August 2025 > 284 = 3% decrease
Months Supply of Inventory: July 2025 > 6.62 vs August 2025 > 6 = 9% decrease
Mortgage Rate: July 2025 > 6.78% vs August 2025 > 6.62% = 2% decrease
Top 10 Sales
$7,400,000 9451 E Happy Valley Road
$6,275,000 19054 N 97th Place
$6,000,000 27256 N 97th Place
$6,000,000 20084 N 103rd Street
$5,400,000 18967 N 97th Place
$5,000,000 11221 E Honey Mesquite Drive
$4,770,000 6455 E Calle Del Media
$4,192,500 40575 N 109th Place
$3,867,000 9930 E Miramonte Drive
$3,800,000 10800 E Cactus Road #46
GRAB OUR FREE COURSES
➡️ 6 Steps To Home Buyer Success – http://vandykebuyerplan.com
➡️ 7 Steps To Home Seller Plan – http://vandykesellerplan.com
➡️ 8 Steps To Agent Success – http://vandykeagentplan.com
