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In the coming months, it’s essential to monitor how rising inventory in Scottsdale affects the market, particularly in mid-range price points. While luxury homes continue to command top dollar, overall sales activity is softening under the weight of higher mortgage rates, now nearing 7%. Sellers should focus on strategic pricing and presentation, while buyers may find expanded opportunities in a more balanced, competitive market.
– Grant Van Dyke
Scottsdale
Average Sales Price: April 2025 > $1,630,527 vs May 2025 > $1,678,610 = 3% increase
Average Days On Market: vs April 2025 > 78 vs May 2025 > 78 = 0%
Average Sale Price Per Square Foot: April 2025 > $500 vs May 2025 > $517 = 3% increase
Sale to List Price Ratio: April 2025 > 96.17% vs May 2025 > 96.09% = 0%
Number of Sold Listings: April 2025 > 397 vs May 2025 > 376 = 5% decrease
Months Supply of Inventory: April 2025 > 5.78 vs May 2025 > 5.94 = 3% increase
Mortgage Rate: April 2025 > 6.81% vs May 2025 > 6.94% = 2% increase
Top 10 Sales
$11,466,089 5059 N Ascent Drive
$9,000,000 7305 E Royal Palm Road
$9,000,000 42638 N Chiricahua Pass
$7,575,000 27545 N 97th Place
$7,250,000 7678 E Whisper Rock Trail
$7,200,000 6737 E Exeter Boulevard
$6,546,089 4915 N Ascent Drive
$6,526,200 7700 E Whisper Rock Trail #54
$5,700,000 8124 E Paraiso Drive
$5,600,000 36323 N 100th Way
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
