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Scottsdale Single-Family Luxury Home Market - April 2008
In September of 2007, I started compiling data on the Scottsdale luxury home market broken into price ranges. (Note: The data is for single-family resale homes.) As of April 2008, some promising trends have been emerging, with results varying depending on the price range.
- APRIL 2008 -
Homes Priced Between $1,000,000 - $1,499,999- Actives: There were 628 actives, which is lowest level we have seen since December 2007.- Pendings: There were 43 pending homes, which is above the average of 38 we have seen over the last 8 months. This is also a 7.5% increase over March. - Sold: There were 24 sales in April, which is the same number of homes sold in March. - Sales Price to Listed Price: 92.3%
Homes Priced Between $1,500,000 - $1,999,999- Actives: There were 321 actives in April which is up 1.6% over March. The number of active homes for sale has been increasing in this price segment since December 2007 when there were 260 actives. - Pendings: There were 12 homes pending in April, up from 8 in March, a 50% increase. The average pending figure for the last eight months is 10. - Sold: Five homes sold in April which was a large drop ... more

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