Housing Market Update Scottsdale, 85254 $500,000 - $600,000

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Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000
https://activerain.com/droplet/5k2d

The zip code 85254 is in the heart of the Phoenix/Scottsdale Metro Area.  There are many unique aspects of this zip code.  It has a Scottsdale address, but it's techically in Phoenix and receives City of Phoenix services.  This area is serviced by Paradise Valley Schools, which rank highly.  And the area has top rated retail, entertainment and is conveniently located between SR 51 and the Loop 101 for easy access to the city and to Phoenix Sky Harbor Airport.  

 

The first graph reflects the housing  inventory in 85254 for prices between $500,000 - $600,000.  The number of Active listings is currently 55, effective 7/13/19.  That's 40% more than a year ago when there were 33 homes for sale in this zip code. 

Housing Market Update Scottsdale, 85254

The number of listings under contract has risen dramatically, peaking to 40 June 15, 2019.  This is fairly normal as June and July are typically the highest volume sales months.  BUT if you compare to that same time in 2018, there were 24 listings under contract.  May, 2018 reflected a higher number under contract at 28.  Current numbers are the highest since 2012 for this report.   

 

 

Housing Market Update Listings Under Contract 85254

But how long does it take these homes to sell?  Currently, homes in 85254 priced between $500,000 - $600,000 will take 82 days to sell according to this chart. 

 

Average Cumulative Days on Market 85254 $500,000 - $600,000

The official bottom of the market for the Phoenix Metro Area was in 2011, but looking at this price range 2012 looks more like the bottom for hoems selling between $500,000 - $600,000.  Currently, sales equal the exact same number they did a year ago for June, 188.

 

Sales for June, 2019 in Scottsdale, 85254

 

If you'd like to see statistics for other zip codes, cities and prices, give me a ring.  And if you're looking to buy or sell homes in the Phoenix Metro Area,  don't hesitate to call!  

 

Graphs are provided by the Cromford Report. Duplication of these reports is copyright infringement.  

 

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Scottsdale, AZ 85255                                                         

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Rainmaker
3,302,925
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Jan - knowing the nuances of a zip code brings a lot of value to a prospective buyer who will have a better understanding of a community.   Your real estate analysis of Scottsdale 85254 benefits sellers too so their market pricing and ultimate results can be maximized.  

Jul 14, 2019 04:53 AM #1
Rainmaker
4,951,956
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jan Green potential buyers and sellers should appreciate the effort that was devoted to provide this current data for their use.... and they'd be wise to call Jan Green for proper representation with both buying and/or selling.... she's the agent you can count on in the Scottsdale AZ area....

Jul 14, 2019 05:36 AM #2
Rainmaker
2,516,425
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

That's valauble real estate data for home buyers and sellers in Scottsdale, Jan!

Jul 14, 2019 02:57 PM #3
Rainmaker
976,985
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you for you input and for commenting Michael Jacobs !  You're absolutely correct!  Having lived in this area for 15 of my 20 years I can say with certainty that  it's  a great area to be! 

Jul 14, 2019 04:08 PM #4
Rainmaker
4,402,568
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Jan,

Very nice analysis of your Scottsdale market, Jan.  I am sure both buyers and sellers will appreciate this. A

Jul 14, 2019 04:17 PM #5
Rainmaker
3,138,436
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Jan, Always good to see what is happing in other areas of our country.  Thanks for your  blog!

 

Jul 15, 2019 09:04 AM #6
Rainmaker
976,985
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you Barbara Todaro !  Coming from you that's a real compliment.  Knowing market information is critical to helping buyers and sellers get a leg up on the market!  

Jul 15, 2019 10:41 AM #7
Rainmaker
976,985
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you Myrl Jeffcoat !  Appreciate you stopping by!

Jul 15, 2019 10:43 AM #8
Rainmaker
976,985
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you for the feedback Ron and Alexandra Seigel !  Hope all is going well with you!

Jul 15, 2019 10:43 AM #9
Rainmaker
976,985
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thakn you Will Hamm .  It IS interesting to compare markets - I'll check on yours!

Jul 15, 2019 10:44 AM #10
Ambassador
1,836,451
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Hi Jan, we too have an uptick in certain price points of the current inventory...however, the under 400K price range is still in need of more houses for buyers. One-levels especially.  

Jul 18, 2019 08:11 AM #11
Rainmaker
976,985
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Sounds very familiar Debb Janes EcoBroker and Bernie Stea JD ! Thank you for commenting and have a great day!

Jul 18, 2019 08:32 AM #12
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Rainmaker
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Jan Green

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