Video - The Scottsdale Real Estate Market – December 2020

By
Real Estate Agent with Live Better in Scottsdale

- December 2020 Scottsdale Housing Market Video -

December closed out 2020 with the highest sales month of the year. This is impressive since we have the lowest inventory levels I have seen.

Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of December.

December 2020 - Video

Scottsdale Active Listings

Scottsdale homes for Sale December 2020

Inventory was down 39% between the end of November and the end of December. As I said last month, I have never seen inventory this low and yet it closed out the year even lower!

On a year-over-year basis, the number of homes for sale is down by 122%! 

Median List Price for Scottsdale Homes

Scottsdale homes median list price December 2020

The median list price is the midpoint of all of the active home prices. This means one half of the homes will have higher prices and the other half will have lower prices. 

In December, the median list price came in at $1.56 million. This jumped up a lot over November's $1.26 million and is much higher than December 2019's $1.12 million.

Days on Market

Scottsdale homes Days on Market December 2020

Days on Market (also shown as  DOM) is a quick way to test the health of the market. If there is a low DOM, homes are selling quickly. A high DOM indicates the market is slower. 

The Days on Market in December was 63. This is very low for Scottsdale, but the low inventory and high demand are helping this figure decrease. December's DOM was 26% lower than the same time last year. 

Median Sales Price for Scottsdale Homes

Scottsdale homes median sales price December 2020

We looked a the median list price of homes in Scottdale earlier and now we will look at the median sales price.

December's median sales price was $797K. This is an increase from the $720K we saw in November and it was up $177K from one year earlier. 

Number of Homes Sold

Last but not least is home sales. We have two different graphics. One shows sales year-over-year and the other is month-over-month.

Scottsdale homes sold December 2019 versus 2020

December turned in the highest sales month of  2020 with 640 sales. This is up 39% over last December and December 2019 was a strong sales month for 2019.

Scottsdale home sales December 2020 vs November 2020

Sales saw a 19% jump between November and December.

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel.

Interested in other stats for our market? Visit our Real Estate Market Update page.

 

Disclaimer: Data deemed to be accurate, but is not guaranteed.

Posted by

 

==============================================
Joyce Tawes is an Associate Broker with Realty ONE Group in Scottsdale, AZ. For more information on Scottsdale real estate and the surrounding areas, as well as the Flagstaff golf communities, please visit
www.ScottsdaleAgent.net.

 

Comments (2)

Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Nice video Joyce. Scottsville Arizona looks strong & I'm sure it will continue to grow in 2021. Wishing you much success this year!

Jan 22, 2021 02:03 PM
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Sara

Feb 06, 2021 12:36 AM

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

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