Scottsdale, AZ Real Estate Market Report - Dec. 2016

Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

Old Scottsdale

December saw the Scottsdale real estate market pick up a little bit heading into the new year.  However, the numbers are still not stellar.  Sales activity was up 8% over November and 5% over last December, but the average sale price decreased again by 1% and only 2% year over year. The 12 month moving average sale price was also flat month over month and increased only 3% year over year,  now standing at $510,841.  The number of homes on the market is 3,162, up 15% over with the days on market at 104, 2% less than last year.  The burn rate (homes pending/home sold) is at 5.12 months, continuing to move toward a buyers market.  And the highest selling home for the month came in at $5,325,000. Entering the new year we are seeing a continued downward trend in the Scottsdale real estate market. Stay tuned for further updates.

Here are the latest stats for the month ending 12/31/16:

Active Listings: 3,162

Homes Pending: 767

Homes sold in last 30 days: 629 (Up 8% from Nov. '16, Up 5% from Dec. '15)

Burn rate (Inventory on market / by homes currently under contract) = 5.12 months supply

Avg. Sale price (Solds): $509,947 (Down 1% from Nov. '16, Up 2% from Dec. '15)

Avg. price per sq. ft. (Solds): $217.21 (Up 1% from Nov. '16, Up 4% from Dec. '15)

Avg. Days on Market (Solds): 104 (Up 6% from Nov. '16, Down 2% from Dec. '15)

To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail:

To search Scottsdale, AZ homes for sale please visit:

Like us on Facebook at:

And follow me on Twitter at: JWMIMAZRealtor


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Real Estate Market Trends
Arizona Maricopa County Scottsdale
Almost Anything Goes
Law of Attraction for the REALTOR!
POSITIVE ATTITUDE for the Weary Soul
The Art Of Marketing You
City and State
real estate
market reports
homes for sale
jerry murphy
long realty
berkshire hathaway home services of america

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Jerry Murphy, CRS, SRES

Anthem, Phoenix, and Scottsdale AZ Real Estate
Ask me a question

Additional Information