Scottsdale Market Report for May 2016

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Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

Active Listings for May 2016 are 2,664 for the Scottsdale Market Report for May, 2016, and is following the same cyclical patterns as in previous years.   

 Statistics provided courtesy of the Cromford Report! 

Scottsdale Market Report for May 2016Scottsdale has several different market segments by price, so appears to be a flat market thanks to the upper end markets.  If we segment the markets by price, we'll see a vastly different graph.  The most expensive home in Scottsdale is 29,700 sq ft and listed at $32 million; and  the least expensive home is just over 1,000 sq ft  listed for $227,000.  You can guess that this huge price swing can also have huge changes in price per square foot per price category.  

Under Contract PP sq ftYear over year Sales volume is higher by approximately 8% versus last May.  Short sales make up approximately 3.5% of total sales with REO's at less than .02%.  HUD sales barely show up on the radar as banks would rather list them as foreclosures versus taking a chance on online bidding and price per square foot sales prices in Scottsdale.

 

Scottsdale Market Report May 2016 sales

If you are searching for sales volume and data for your neighborhood in Scottsdale, please give me a call. I'm happy to prepare reports and data to assist you in selling your Scottsdale home.  

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2016 Market Reports
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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jan - what a difference the maket looks when you break it down by moderate price ranage.  The multi million dollar home skew the results.

Jun 08, 2016 08:08 PM #1
Ambassador
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Jan - That's an excellent market overview for Scottsdale, full of useful information for both buyers and sellers. Your expertise would be the perfect resource for either in accomplishing their goals.

Jun 09, 2016 06:32 AM #2
Rainmaker
981,221
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Grant Schneider Yes that market really skews the numbers.  I should add a graph on that.  Thanks for the idea!

Dick Greenberg - Of all people to provide praise, you'd be highest on that list!  I'm going to add another tidbit by price range.  Scottsdale's range is so vast, the results are rather bumpy!  Thanks for commenting and have a great evening!

Jun 09, 2016 01:17 PM #3
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Rainmaker
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Jan Green

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
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