Scottsdale AZ Luxury Home Market – September 2021

By
Real Estate Agent with Live Better in Arizona

- Scottsdale Luxury Home Market Performance for September 2021 -

September was another month where we saw some great sales activity in some price points and slower activity in others.

This report covers the luxury home market in Scottsdale. All of these homes were on the market for one million dollars or more. We then broke the sales activity into four price points to show further detail.

We track these four sales metrics on a monthly basis:
Active - How many homes were for sale at the end of the month.
UCB (Under Contract Accepting Backup Offers) - How many homes were under contract, but still accepting backup offers at the end of the month.
Pending - How many pending sales there were.
Sold - The number of homes that sold.

- September 2021 -

Scottsdale Homes Priced Between $1,000,000 - $1,499,999

Scottsdale Homes for Sale between $1 and $1.5 million September 2021

Active Scottsdale Homes on the Market: We have had decreasing inventory for the past couple of months.
- UCB Scottsdale Home Sales: UCBs fell quite a bit in September. This is the lowest we have seen them in the past year.
Pending Scottsdale Home Sales: Pending sales declined slightly to close out the month at 52. This is the second lowest we have seen them in the last twelve months.
Scottsdale Homes Sold: After falling in August, sales rebounded nicely in September. They were up 20.4%.
- Sales Price to Listed Price: 99.3% - On average, buyers saw a discount of 0.7% off of asking price.


Scottsdale Homes Priced Between $1,500,000 - $1,999,999

Scottsdale Homes for Sale between $1.5 and $2 million September 2021

Active Scottsdale Homes on the Market: The number of homes for sale fell again in September.
- UCB Scottsdale Home Sales: The number of UCB contracts was back up at the end of the month.
Pending Scottsdale Home Sales: Pending sales also increased in this price point.
Scottsdale Homes Sold: Sales fell significantly to 31, an 80.6% decrease. We have not seen sales activity this low since January 2021.
Sales Price to Listed Price: 98.6% - On average, buyers saw a discount of 1.4% off of asking price.


Scottsdale Homes Priced Between $2,000,000 - $2,999,999

Scottsdale Homes for Sale between $2 and $3 million September 2021

Active Scottsdale Homes on the Market: Inventory in this price point fell to the lowest we have seen this in the past year. In contrast, there were 151 homes for sale at the end of October 2020 and just 62 at the end of September 2021.
- UCB Scottsdale Home Sales: UCBs have remained relatively steady over the last four months.
- Pending Scottsdale Home Sales: Pending sales fell slightly in September to 33.
- Scottsdale Homes Sold: Homes sales remained at the same level in September.
Sales Price to Listed Price: 96.4% - On average, buyers saw a discount off of list price of 3.6%.


Scottsdale Homes Priced $3,000,000+

Scottsdale Homes for Sale over $3 million September 2021

Active Scottsdale Homes on the Market: Inventory made it back past the 100 threshold in September.
- UCB Scottsdale Home Sales: The number of UCB contracts fell to 16.
- Pending Scottsdale Home Sales: Pending sales saw a large jump (18.6%) and in September posted the highest number of pendings in the past year.
- Scottsdale Homes Sold: Home sales also saw a healthy jump of 31.6% after falling of in August.
Sales Price to Listed Price: 93.8% - On average, buyers saw a discount off of list price of 6.2%.

If you would like additional detail on home sales activity, please visit our Scottsdale Luxury Home Market Reports page and click on the downloadable "Scottsdale Market Trends" report.

Search Scottsdale Luxury Homes for Sale


Originally posted on Live Better in Scottsdale

 

Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2021 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties expressed or implied.
Copyright ©2021 Heather Tawes Nelson | Joyce Tawes

Comments (1)

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

Thanks for sharing your Scottsdale market report with us here in the Rain Heather. It's always interesting to see how other areas of the country are doing.

Oct 30, 2021 12:04 PM