First Arizona Title's Market Report

Scottsdale, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Scottsdale, AZ

Thu Jan 28 2021
This week the median list price for Scottsdale, AZ is $1,549,950 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 584. Click here to stay informed with the Scottsdale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Scottsdale, AZ

Thu Jan 28 2021
This week the median list price for Scottsdale, AZ is $1,549,950 with the market action index hovering around 50. This is an increase over last month's market action index of 49. Inventory has held steady at or around 584. Click here to stay informed with the Scottsdale market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Scottsdale market.
Median List Price $1,549,950
Per Square Foot $363
Days on Market 120
Price Decreased 24%
Price Increased 7%
Relisted 6%
Inventory 584
Median Rent $5,000
Most Expensive $27,500,000
Least Expensive $390,000
Market Action 50
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,675,000 6,446 1 - 2.5 acres 5 5 14 14 10 188
$2,099,000 4,903 0.5 - 1 acre 4 4 15 15 18 150
$1,122,500 3,471 0.5 - 1 acre 4 3 24 36 40 74
$664,000 2,182 8,000 - 10,000 sqft 3 2 28 47 58 64