Tue Oct 20 2020
This week the median list price for Scottsdale, AZ is $1,250,000 with the market action index hovering around 45. This is an increase over last month's market action index of 43. Inventory has held steady at or around 983.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,250,000|
|Per Square Foot||$330|
|Days on Market||116|
|Strong Seller's Market|
Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,100,000||6,387||1 - 2.5 acres||5||5||14||20||15||200|
|$1,698,500||4,537||0.5 - 1 acre||4||4||18||32||26||137|
|$935,500||3,323||0.25 - 0.5 acre||4||3||22||40||52||73|
|$620,000||2,163||8,000 - 10,000 sqft||3||2||31||55||68||52|