Mon Jun 21 2021
This week the median list price for Scottsdale, AZ is $1,499,999 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has increased to 493.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,499,999|
|Median Price of New Listings||$996,500|
|Per Square Foot||$403|
|Average Days on Market||64|
|Median Days on Market||21|
|Strong Seller's Market|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,000,000||6,286||1 - 2.5 acres||5||5||15||8||12||84|
|$1,928,800||4,322||0.5 - 1 acre||4||4||20||27||19||28|
|$1,045,000||3,024||0.25 - 0.5 acre||4||3||25||44||42||14|
|$646,450||1,923||6,500 - 8,000 sqft||3||2||31||51||51||7|