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South Scottsdale Real Estate Market Stats: Week Ending 9/4/17

By
Real Estate Agent with Success Real Estate Group/Apartment Source
Week Ending 9/4/17      
  85257 85251 85250
Median List Price $364,950 $500,000 $489,000
Price/Foot (Active) $207.00 $267.00 $240.00
Average Days on Market 77 108 85
% of Properties with Price Decrease 59% 53% 59%
% Relisted 4% 3% 10%
% Price Increase (Flip) 7% 0% 4%
Median House Size 1,734 2,088 2,210
Median Lot Size 4,500-6,500 8,000-10,000 6,500-8,000
Medium Bedrooms 3 4 4
Medium Bathrooms 2 2.5 2
Market Action Index** 46 38.9 46.2
       
       
** 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.