Here is the most recent Scottsdale AZ Real Estate Housing Market Report for November 2021:
After reaching a new all-time high average sales price of $1,270,873 in October, the average sales price of homes in Scottsdale decreased by $155,514 in November reaching a new amount of $1,115,359. Average sales prices increased by $165,934 in October, so this $155,514 decrease for November is not as drastic as it may seem. At the same time, the average sold price per square foot decreased to $388/sf after increasing for three straight months, and reaching a high of $396/sf in October.
The days on market also jumped up to 42 DOM, after decreasing in October down to 36 DOM. The Scottsdale DOM was as high as 76 in January of this year, so even though the DOM increased to 42 it is still extremely low, especially for homes in this price point. The low DOM shows that homes in Scottsdale are still very much in demand, and they are selling very quickly.
The days on market also jumped up to 42 DOM, after decreasing in October down to 36 DOM. The Scottsdale DOM was as high as 76 in January of this year, so even though the DOM increased to 42 it is still extremely low, especially for homes in this price point. The low DOM shows that homes in Scottsdale are still very much in demand, and they are selling very quickly.
Click on the image below to read the full article, and see what is going on in the Scottsdale Arizona real estate market.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
Troy Erickson Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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