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South Scottsdale Real Estate Market Statistics: Week Ending 10/2/17

By
Real Estate Agent with Success Real Estate Group/Apartment Source
Week Ending 10/2/17      
  85257 85251 85250
Median List Price $375,000 $535,000 $491,950
Price/Foot (Active) $209.00 $272.00 $239.00
Average Days on Market 71 114 82
% of Properties with Price Decrease 55% 41% 54%
% Relisted 2% 5% 0%
% Price Increase (Flip) 3% 6% 6%
Median House Size 1,730 2,204 2,158
Median Lot Size <4,500 8,000-10,000 6,500-8,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2.5 2
Market Action Index** 46.1 36.1 45.7
       
       
** 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.