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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 whether we are coming out of a slow summer season or witnessing the future of a market to come. If you plan to sell your property within the next 6 months, now may be an opportune time to do so.
– Grant Van Dyke
Scottsdale
Average Sales Price: June 2023 > $1498270 vs July 2023 > $1347507 = 10% decrease
Average Days On Market: June 2023 > 73 vs July 2023 > 80 = 10% increase
Average Sale Price Per Square Foot: June 2023 > $457 vs July 2023 > $442 = 3% decrease
Sale to List Price Ratio: June 2023 > 96.96% vs July 2023 > 96.98% = 0% No Change
Number of Sold Listings: June 2023 > 449 vs July 2023 > 312 = 31% decrease
Months Supply of Inventory: June 2023 > 3.22 vs July 2023 > 4.22 = 31% increase
Mortgage Rate: June 2023 > 6.84% vs July 2023 > 6.98% = 2% increase
Top 10 Sales
$10,975,000 21280 N 102nd Street
$7,000,000 9952 E Sienna Hills Dr
$6,750,000 26885 N 90th ST
$4,790,000 41731 N 111TH PL
$4,703,900 11408 N Saint Andrews Way
$4,684,000 13099 E Saddlehorn Trail
$4,350,000 11480 N 104th St
$4,150,000 8121 E Fledgling Dr
$3,999,999 9348 E Bajada Rd
$3,850,000 10380 E Desert Cove Ave
