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Scottsdale’s real estate market surged in Quarter 1 of 2025, with home values and sales up 12%, while mortgage rates dipped slightly to 6.78%, creating a window of opportunity for buyers. Inventory also rose 4%, offering more choices and slightly less competition in a still-active market. Sellers continue to benefit from strong demand, but strategic pricing and standout presentation are more important than ever.
– Grant Van Dyke
Scottsdale
Average Sales Price: Q1 2024 > $1475801 vs Q1 2025 > $1647556 = 12% increase
Average Days On Market: Q1 2024 > 74 vs Q1 2025 > 82 = 11% increase
Average Sale Price Per Square Foot: Q1 2024 > $473 vs Q1 2025 > $508 = 7% increase
Sale to List Price Ratio: Q1 2024 > 97.13% vs Q1 2025 > 96.34% = 1% decrease
Number of Sold Listings: Q1 2024 > 919 vs Q1 2025 > 1046 = 14% increase
Months Supply of Inventory: Q1 2024 > 3.18 vs Q1 2025 > 3.04 = 4% decrease
Mortgage Rate: Q1 2024 > 7.01% vs Q1 2025 > 6.78% = 3% decrease
Top 10 Sales
$21,000,000 11235 E Wingspan Way
$11,500,000 6230 E Hillcrest Boulevard
$11,000,000 42493 N 108th Street
$9,375,000 7011 E Paradise Drive
$8,500,000 11935 E Buckskin Trail
$8,000,000 10134 E Cavedale Drive
$7,700,000 10225 E Journey Lane
$7,195,000 9820 E Thompson Peak Pkwy #711
$6,627,589 4931 N Ascent Drive
$6,500,000 8185 E Alameda Road
