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In the coming months, it’s important to watch for continued inventory growth, which is giving buyers more choices and shifting negotiating power away from sellers. Although average sale prices are holding steady, the decline in price per square foot and longer time on market Hint at softening demand. If mortgage rates continue to ease, even slightly, it could reawaken sidelined buyers and create new momentum. Overall, conditions are tilting towards a more balanced, even buyer-favorable market.
– Grant Van Dyke
Scottsdale
Average Sales Price: Q2 2025 > $1,645,416 vs Q2 2024 > $1,603,819 = 3% increase
Average Days On Market: Q2 2025 > 79 vs Q2 2024 > 80 = 1% decrease
Average Sale Price Per Square Foot: Q2 2025 > $505 vs Q2 2024 > $489 = 3% increase
Sale to List Price Ratio: Q2 2025 > 95.63% vs Q2 2024 > 96.57% = 1% decrease
Number of Sold Listings: Q2 2025 > 1084 vs Q2 2024 > 1156 = 6% decrease
Months Supply of Inventory: Q2 2025 > 2.95 vs Q2 2024 > 2.51 = 18% increase
Mortgage Rate: Q2 2025 > 6.87% vs Q2 2024 > 7.02% = 2% decrease
Top 10 Sales
$25,000,000 20958 N 112th St
$14,995,000 11173 E Feathersong Ln #1704
$12,000,000 9889 E Happy Valley Rd #5
$11,466,089 5059 N Ascent Dr
$9,000,000 42638 N Chiricahua Pass
$9,000,000 7305 E Royal Palm Rd
$8,500,000 9204 E Grapevine Pass
$7,868,651 9820 E Thompson Peak Pkwy #629
$7,800,000 42613 N 111th Pl
$7,575,000 27545 N 97th Pl
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
