Scottsdale AZ Real Estate Housing Market Report - December 2021

Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Scottsdale AZ Real Estate Housing Market Report for December 2021:
Scottsdale reached a new all-time high average sales price of $1,360,899 in December, after the average sales price decreased by $155,514 in November. Average sales prices increased by $191,540 this month to end the year on a high note.
At the same time, the average sold price per square foot increased to $422/sf, after decreasing in November to $388/sf. Prior to that decrease the price per square foot of Scottsdale homes sold increased for 16 straight months.
The days on market also increased for the second straight month, up from 42 DOM in November to 44 DOM in December. This is the fourth increase in the last five months since reaching an all-time low of 34 DOM in July. The Scottsdale DOM was as high as 76 in January of this year, so even though the DOM increased to 44 it is still extremely low, especially for homes in this price point. The low DOM shows that homes in Scottsdale are still very much in demand, and they are selling very quickly.
Click on the image below to read the full article and see what is going on in the Scottsdale Arizona real estate market.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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This post is for informational purposes only and should not be construed as legal advice. If you desire specific legal or tax advice, please consult the appropriate professional. The opinions expressed here represent my own and not those of my employer. Troy Erickson will not be held liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness; or any losses, injuries or damages arising from its display or use.

Comments (4)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Scottsdale home buyers and sellers are sure to value your real estate market report, Troy.

Jan 15, 2022 06:42 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Markets are constantly changing so these timely reports are crucial in the decision-making process. Thanks for sharing Troy!

Jan 15, 2022 01:43 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

So thoughtful of you to comment on my post Myrl Jeffcoat, thank you.

Jan 15, 2022 08:53 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Much appreciated Debe Maxwell, CRS. You are correct that market are constantly changing, and even withing certain neighborhoods, so it is critical for buyers and sellers to know and understand this.

Jan 15, 2022 08:55 PM