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South Scottsdale Real Estate Market Statistics: Week Ending 8/14/17

By
Real Estate Agent with Success Real Estate Group/Apartment Source
Week Ending 8/14/17      
  85257 85251 85250
Median List Price $345,000 $469,450 $473,500
Price/Foot (Active) $207.00 $262.00 $230.00
Average Days on Market 64 110 86
% of Properties with Price Decrease 61% 51% 54%
% Relisted 6% 3% 8%
% Price Increase (Flip) 2% 2% 4%
Median House Size 1,689 1,986 2,223
Median Lot Size 4,500-6,500 8,000-10,000 6,500-8,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2.5 2
Market Action Index** 42.1 38.2 45.5
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.