Your Name:
Your Email Address:
To: (Email)
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Scottsdale, AZ Real Estate Market Report - October 2018

Home sales and prices picked up in the Scottsdale real estate market during October. The number of homes sold was up 8% from September but down 8% from last October. This breaks a four month streak of declining home sales in Scottsdale.  The average sale price increased 4% over September and is up 19% from October 2017. The 12 month moving average sale price is up 9% from a year ago,  now standing at $577,897.  The number of homes on the market is 2,477, 11% more than September, and 11% less than October 2017.  The days on market is at 88 down 4% from last year and the burn rate (homes pending/home sold) is at 4.28 months, slowly shifting back to a buyer's market.  There are currently 756 homes under contract, foreshadowing a tepid November market report. The highest selling home for the month came in at $3,150,000. 
Here are the latest stats for the month ending 10/31/18:
Active Listings: 2,477
Homes Pending: 756
Homes sold in last 30 days: 593 (Up 8% from Sept. '18, Down 8% from Oct. '17)
Burn rate (Inventory on market / by homes currently under contract) = 4.28 months supply
Avg. Sale price (Solds): $592,387 (Up 4% from Sept. '18, Up 19% from Oct. '17)
Avg. ... more

Are you on The Rain? Grow Your Network!

Spam prevention