Quick Video Update of the Scottsdale Real Estate Market – July 2021

By
Real Estate Agent with Live Better in Scottsdale

- July 2021 Scottsdale Housing Market Video -

July had strong home sales, but we did see a little slowdown in the frenzy of activity.

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

July 2021 - Video

 

Scottsdale Active Listings

Scottsdale homes for sale July 2021

Inventory is still low across Scottsdale and the Valley. However, it has been climbing slowly over the past few months.

There were 609 homes for sale at the end of the month, coming in 45% lower than June 2020.

Median List Price for Scottsdale Homes

Scottsdale homes median list price July 2021

If you are not familiar with the median list price, it represents the midpoint list price of all of the homes for sale. Therefore, one half of the homes are priced higher and one half are priced lower.

The median list price in July was $1.2 million. This is down slightly from June's $1.25 million, but is higher than July 2020's $1.11 million.

Days on Market

Scottsdale homes days on market July 2021

Days on Market (DOM) is a metric that gives you an indication of how quickly homes are selling. If you see a large number, that means it is taking longer for homes to sell. A small number indicates that homes are selling quickly.

The DOM for Scottsdale in July was 35 days, which is where it was in June. This is down 58% from July 2020 where it was 83.

Median Sales Price for Scottsdale Homes

Scottsdale homes median sales price July 2021

Similar to the median list price, the median sales is the midpoint price of the homes that sold.

Scottsdale's median sales price was $850K. This is a drop from June 2021's $877K. However, it is up quite sharply from July 2020's $695K.

Number of Homes Sold

Finally, we will cover home sales.

Scottsdale Home Sales July 2020 versus 2021

There were 519 home sales in July. If we look at this on a year-over-year basis, sales were down 10% from July 2020. Low inventory could have a play in this lower sales figure.

Scottsdale home sales June and July 2021

Comparing July 2021 to June 2021, sales were down 14%. As I mentioned last month, I think this decrease may be a combination of Iow inventory and higher prices combined with a little seasonality.

 


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.

 

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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 (1)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Joyce Tawes I love the infographics, and a great job on the video.

Aug 26, 2021 02:13 PM