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In the coming months, it’s important to watch for Scottsdale’s single-family housing market to cool slightly, influenced by the holiday season, fluctuating interest rates, and a tightening inventory of homes. For buyers waiting on the sidelines, December is an opportune time to negotiate price and terms. By January, inventory is expected to rise, ushering in the peak sales season with renewed activity.
– Grant Van Dyke
Scottsdale
Average Sales Price: October 2024 > $1,458,605 vs November 2024 > $1,420,668 = 3% decrease
Average Days On Market: October 2024 > 78 vs November 2024 > 71 = 9% decrease
Average Sale Price Per Square Foot: October 2024 > $475 vs November 2024 > $464 = 2% decrease
Sale to List Price Ratio: October 2024 > 96.44% vs November 2024 > 97.02% = 1% increase
Number of Sold Listings: October 2024 > 315 vs November 2024 > 292 = 7% decrease
Months Supply of Inventory: October 2024 > 5.9 vs November 2024 > 6.15 = 4% increase
Mortgage Rate: October 2024 > 6.88% vs November 2024 > 6.94% = 1% increase
Top 10 Sales
$7,850,000 11269 N 98th Place
$6,600,000 10080 E Filaree Lane
$6,385,000 42325 N 108th Street
$5,958,707 42398 N 102nd Street
$5,490,000 10769 E Pinnacle Peak Road
$4,906,958 24756 N 91st Street
$4,800,000 40783 N 109th Place
$4,640,000 24947 N 91st Street
$4,000,000 9980 E Charter Oak Road
$3,995,000 10537 E Mariola Way
