Scottsdale Real Estate - Market report January 2010

Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

The  Scottsdale real estate market saw continued stabilization in the first month of January with the average sales price almost returning from it's lows of over a year ago.  And we continue to see dramatic improvement of the number of homes sold versus last year.  At about a 4 month burn rate (the number of months it would take to sell the exisiting inventory at the current sales pace) we are in what is typically observed as a balanced market in Scottsdale.  If you're looking to pick up a good deal on a home or condo in Scottsdale, now's the time.

Here are January's numbers for the week ending 1/31/10:

Active Listings: 4,571 (Up 5% from Dec. '09, Down 23% from January 2009)

Homes Pending: 1,316 (Up 16% from Dec. '09, Up 127% from January 2009)

Homes sold in last 30 days:  429 (Down 25% from Dec. '09, Up 70% from Jan. '09)

Burn rate (Inventory on market/by homes currently under contract) = 4 months supply

Avg. Sale price (Solds): $461,283 (Up 9% from Dec. '09, Down 4% from Jan. '09)

Avg. price per sq. ft. (Solds): $163.10 (Up $2 per Sq. Ft. from Dec. '09,  Down 10% from Jan. '09)

Avg. Days on Market (Solds): 158 (Up 18 days from  Dec. '09, Down 13 days from Jan. '09)

To learn more about Scottsdale real estate click here 

For more information about Anthem Arizona visit:


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Almost Anything Goes
Law of Attraction for the REALTOR!
POSITIVE ATTITUDE for the Weary Soul
Arizona Premiere Living
Anthem Homes for Sale
short sales
bank owned homes
scottsdale az
living in arizona

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Douglas Lovitt
CENTURY 21 North Homes Realty, Inc. - Mill Creek, WA

Looks like your market has made a significant turn. Increasing sales & sinking inventory - all good signs for existing homeowner's value!

Feb 08, 2010 10:54 AM #1
Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

I have property in Scottsdale, so thank you for this market report. I'm going to hold on to it a little bit longer 

Feb 08, 2010 01:35 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
Ask me a question
Spam prevention

Additional Information