Here is the most recent Scottsdale AZ Real Estate Housing Market Report for March 2022:
Scottsdale's average sales price continued to increase, going from $1,386,205 in February to a new all-time high of $1,441,096 in March. This is the second significant increase after January started off the new year with a drop in the average sales price. It is also a good sign for 2022 considering that the average sales price of Scottsdale homes had decreased in 6 out of the last 8 months prior to the increase in February.
At the same time, the average sold price per square foot for Scottsdale homes increased from $447/sf in February to $464/sf in March. The average sold price per square foot in Scottsdale has increased or remained the same in 20 out of the last 21 months.
The days on market has now decreased for the third straight month, going from 44 DOM in December of 2021 to 31 DOM in March, after increasing the previous two months. The Scottsdale DOM was as high as 76 in January of 2021, so being at 31 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 increased from $447/sf in February to $464/sf in March. The average sold price per square foot in Scottsdale has increased or remained the same in 20 out of the last 21 months.
The days on market has now decreased for the third straight month, going from 44 DOM in December of 2021 to 31 DOM in March, after increasing the previous two months. The Scottsdale DOM was as high as 76 in January of 2021, so being at 31 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 buying a home, selling your home, or investing in the Scottsdale, AZ 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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