The Scottsdale real estate market continues to follow the trend of the valley as a whole. Sales are up, active listings down. The average sale price increased a bit over June, but there are still some fantastic bargains in Scottsdale right now. And when the market picks up full swing again, the homes in Scottsdale are going to appreciate at about double the rate of homes in other parts of the valley. Get in now while the gettin's good.
Here are July's numbers for the week ending 7/31/09:
Active Listings: 4,279 (Down 1% from June '09)
Homes Pending: 1,083 (Down 5% from June '09)
Homes sold in last 30 days: 569 (Down 7% from June '09, Up 38% from July '08)
Burn rate (Inventory on market/by homes sold last 30 days) = 5 months supply
Avg. Sale price (Solds): $433,509 (Up 4% from June '09, Down 20% from July '08)
Avg. price per sq. ft. (Solds): $160.69 (Down $3 per Sq. Ft. from June '09, Down 27% from July '08)
Avg. Days on Market (Solds): 162 (Same as June '09, Up 4 days from July '08)
To learn more about Scottsdale real estate click here
For more information about Anthem Arizona visit: www.allaboutanthem.com
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