September market update for Scottsdale, 85254

September 2012 saw a total of 81 home sales in the 85254 Zip code of Scottsdale.  As of this writing there are  165 active listings and 164 under contract within 85254, so the inventory levels have risen to just over 2 months worth of supply based on the September sales.  85254 encompasses an area roughly bounded by Shea Blvd on the south,Tatum Blvd on the west, Bell Rd and the CAP canal on the north and Scottsdale Road on the East in Scottsdale and NE Phoenix.   Some of the main attractions and destinations in 85254 include Kierland Commons, Westin Kierland Resort, CrackerJax Family Fun Center, Orange Tree Resort, Excelling Paradise Valley Unified School District adn Scottsdale School District schools and much more.  85254 has long been called the "magic zip code" in the real estate business for it's desirability.  For more information on the area as well as available homes, please  call me at 480-236-7374.

Total September sales: 81
Average Price Per foot: $146.36
Sale price as a percentage of list price: 98%
Average sale price: $330.699
Average Days on market: 61

This breaks down by type as follows:

Single Family Detached Homes
Sale: 68
Average Price Per foot: $144.25
Sale price as a percentage of list price: 98%
Average sale price: $335,436
Average Days on market: 59

Condos and Townhomes:
Total sales : 13
Average Price Per foot: $167.64
Sale price as a percentage of list price: 97%
Average sale price: $305,923
Average Days on market: 75

Prices for all properties ranged from $61K for a 2/2 townhome to $2.225M for a for a condo at Kierland.

Adam Tarr PC
Citywide Real Estate
480-236-7374