Here is the most recent Scottsdale AZ Real Estate Housing Market Report for January 2022:
After reaching a new all-time high average sales price of $1,306,899 in December of 2021, the average sales price of Scottsdale homes decreased to $1,282,474 in January to start off 2022. This is the first decrease to start off a new year since I started tracking the average sales price of Scottsdale homes in 2018, although the average sales price of Scottsdale homes had decreased in 5 out of the last 7 months of 2021.
At the same time, the average sold price per square foot for Scottsdale homes in January remained the same as it was in December, at $422/sf. The average sold price per square foot in Scottsdale has increased or remained the same in 18 out of the last 19 months.
The days on market also decreased from 44 DOM in December to 43 DOM in January, after increasing the previous two months. The Scottsdale DOM was as high as 76 in January of 2021, so being at 43 DOM now is 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.
At the same time, the average sold price per square foot for Scottsdale homes in January remained the same as it was in December, at $422/sf. The average sold price per square foot in Scottsdale has increased or remained the same in 18 out of the last 19 months.
The days on market also decreased from 44 DOM in December to 43 DOM in January, after increasing the previous two months. The Scottsdale DOM was as high as 76 in January of 2021, so being at 43 DOM now is 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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