Fri Jan 21 2022
This week the median list price for Scottsdale, AZ 85262 is $2,702,088 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 116.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$2,702,088|
|Median Price of New Listings||$2,324,250|
|Per Square Foot||$559|
|Average Days on Market||154|
|Median Days on Market||84|
|Slight Seller's Advantage|
We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$5,295,000||7,127||1 - 2.5 acres||5||5.5||15||1||1||119|
|$3,295,680||4,765||0.5 - 1 acre||4||4.5||6||1||1||140|
|$1,300,000||3,386||1 - 2.5 acres||4||3||18||1||8||56|
|$663,900||2,331||1 - 2.5 acres||4||2||0||1||3||77|