Scottsdale Housing Market Update for June, 2016

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

The housing market in Scottsdale reflects lower inventory, steady prices, and rising median prices.   Inventory is currently at 3.6 months, down from January, 2016 7.3 months.  This is typical as our weather heats up, so do our sales!  The Scottsdale Housing Market update for June, 2016 reflects a steady increase in the median price.  Contract prices have remained fairly steady overall, but that would depend on which price range you're searching.  

 

Scottsdale Housing Market UpdateAt the height of the housing boom, the median price in Scottsdale was $545,000.  

Our official bottom of the housing market was in 2011 and prices have risen dramatically since that time.

Prices have remained steady, but not every home has regained the value it once had at the top of the market.  

 

Scottsdale Housing Update Median Price 20162011 was the clear bottom of our housing market.  The bottom spot on this chart is technically $154.60 per square foot.  At $249.21 per square foot, pending sales have bounced around during the last two years, with a modest incline.  

Scottsdale Housing Market July, 2016

Sales for the Scottsdale Housing Market update for June, 2016 totaled 7,706, but of that number; 7,468 were normal sales; 130 were short sales; and 107 were bank owned foreclosures.  

 

Scottsdale Sales June 2016

Overall the market continues an upward decline.  Please check back for a sub-market report by price range to give the total picture of the Scottsdale Housing Market Update for June, 2016. 

If you have a home to sell or are looking to buy in the Scottsdale area, please give me a call! 

 

Posted by

Signature

Google plus 1

      http://activerain.com/action/blogs_admin/subscribe?subscribed_agent_id=174467

 

HomeSmart Elite Group                                  

8388 E Hartford Dr., Suite 100

Scottsdale, AZ 85255                                                         

(602) 620-2699   DIRECT

www.AZGreenRealty.com

www.GotGreen.info                  facebook   Google + twitter   youtube   linkedin   pinterest   

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Arizona Maricopa County Scottsdale
Groups:
Posts to Localism
City and State
Local Expert
Hyper-Local
2016 Market Reports
Tags:
real estate in scottsdale
scottsdale realtor
scottsdale housing market
scottsdale housing market update
green realtor scottsdale
real estate market in scottsdale
real estate sales in scottsdale

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,654,733
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Thanks for sharing with us about the Scottsdale market. I love seeing what is going on around the US

Jul 09, 2016 12:15 PM #1
Rainmaker
970,924
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank  you for commenting Lise Howe !  Me, too!  It's interesting to see how our markets compare and prices, too.  Have a great evening!

Jul 09, 2016 12:52 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?

Rainmaker
970,924

Jan Green

HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
Ask me about Homes in Scottsdale!
*
*
*
*
Spam prevention

Additional Information