Scottsdale, AZ Real Estate Market Report - September 2017

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000
http://actvra.in/57C8

 

The Scottsdale real estate market pulled back a bit in September. The number of homes sold fell, but the average sale price in September increased slightly.  Sales were down 16% from August and down 8% from last September. The average sale price increased 1% versus August and was up only 2% over September 2016.  The 12 month moving average sale price was up 5% from a year ago,  now standing at $530,363.  The number of homes on the market is 2,691, 13% more than August, and 5% less than September 2016.  The days on market is at 105, down 2% from last year.  The burn rate (homes pending/home sold) is at 4.06 months, slowly shifting back to a more balanced market.  And the highest selling home for the month came in at $7,000,000. 

Here are the latest stats for the month ending 9/30/17:

Active Listings: 2,691

Homes Pending: 879

Homes sold in last 30 days: 584 (Down 16% from Aug. '17, Down 8% from Sept. '16)

Burn rate (Inventory on market / by homes currently under contract) = 4.06 months supply

Avg. Sale price (Solds): $536,564 (Up 1% from Aug. '17, Up 2% from Sept. '16)

Avg. price per sq. ft. (Solds): $219.62 (Same as Aug. '17, Up 4% from Sept. '16)

Avg. Days on Market (Solds): 105 (Up 8% from Aug. '17, Down 2% from Sept. '16)

To receive a free value analysis for your Scottsdale home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com

To search Scottsdale, AZ homes for sale please visit: www.JWMurphy.LongRealty.com

Like us on Facebook at: https://www.facebook.com/Jerry-Murphy-PhoenixScottsdale-Area-Real-Estate-Agent-154855641299985/

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Rainmaker
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Curtis Van Carter
Better Homes & Gardens Wine Country Group - Yountville, CA
Your Napa Valley Broker Extraordinaire

Jerry

Thanks for your kind thoughts and words, cheers cvc

Oct 14, 2017 03:05 PM #1
Rainmaker
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Ben DeHaven
Haven Realty & Investments - Winter Haven, FL
Proudly serving Winter Haven & Lakeland, Florida

Thanks Jerry, hopefully the market is moving forward again. 

Nov 14, 2017 08:32 AM #2
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Rainmaker
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Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
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