- September 2016 Scottsdale Homes for Sale and Home Sales -
September was a quiet month for Scottsdale home sales. Inventory saw a jump of over 6% while pendings and sales fell. This decline in sales activity, however, is on par with seasonal patterns.
SCOTTSDALE HOME SALES ACTIVITY – SEPTEMBER 2016
The chart below shows the past year of home sales in Scottsdale. Three categories are being tracked:
- Single-family homes for sale are shown in red.*
- Pending home sales are shown in green.*
- Home Sales are shown in purple.
SEPTEMBER 2016 RESULTS
- Scottsdale Homes for Sale: The number of homes for sale was up 7.3% over August. Typically, we see the inventory decrease or stay level at this time of year. So, this is one item I will be tracking more closely.
- Pending Homes Sales in Scottsdale: The number of pending sales fell over 5% to 273 at the end of August.
- Scottsdale Home Sales: After the nice bump in August, home sales fell to 403 in September. It is nice to see that they stayed over the 400 mark though.
The next two charts show two other things I measure monthly with regards to Scottsdale home sales.
The first additional thing I track in the rate of change on a month over month basis. For instance, home sales were down 9.6% between August and September.
The next one is sales prices in comparison to list prices. This measures how much homes on average sold for in the context of the average asking price and in September, it was 96.4%. Or, looking at it another way, buyers received a 3.6% discount on average off of list prices.
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*Figures for active homes for sale and pending sales are based on the numbers at the end of the month.
Originally posted on Live Better in Scottsdale
Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2016 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Scottsdale AZ over the last 12 months. Information deemed reliable, but not guaranteed. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2016 Heather Tawes Nelson | Joyce Tawes
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