December 2012 market update for Scottsdale, 85254

December 2012 saw a total of 76 home sales in the 85254 Zip code of Scottsdale.  As of this writing there are  149 active listings and 138 under contract within 85254, so the inventory levels remain under 2 months at 1.96 months worth of supply based on the December 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 and 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 December sales: 76
Average Price Per foot: $156.80
Sale price as a percentage of list price: 97%
Average sale price: $360,575
Average Days on market: 83

This breaks down by type as follows:

Single Family Detached Homes
Sale: 63
Average Price Per foot: $151.19
Sale price as a percentage of list price: 97%
Average sale price: $375.25
Average Days on market: 61

Condos and Townhomes:
Total sales : 13
Average Price Per foot: $183.96
Sale price as a percentage of list price: 99%
Average sale price: $288,688
Average Days on market: 188

Prices for all properties ranged from $83K for a 1/1 condo to $1.9M for a for a 7/10 13,701 sq.ft. custom single family home.

Adam Tarr PC
Citywide Real Estate
480-236-7374