Scottsdale AZ Real Estate Housing Market Report - April 2022

By
Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Scottsdale AZ Real Estate Housing Market Report for April 2022:
 
Scottsdale's average sales price continued to increase, going from $1,441,096 in March to a new all-time high of $1,498,732 in April. This is the third increase in a row after January started off the new year with a decrease in the average sales price. It is also a good sign for 2022 considering that the average sales price of Scottsdale homes had decreased in 6 out of the last 8 months prior to the increase in February.

At the same time, the average sold price per square foot for Scottsdale homes increased from $464/sf in March to $477/sf in April. The average sold price per square foot in Scottsdale has increased or remained the same in 21 out of the last 22 months.
 
After decreasing for three straight months, Scottsdale days on market slightly increased, going from 31 DOM in March to 32 DOM in April. The Scottsdale DOM was as high as 76 in January of 2021, so being at 32 DOM now is 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 buying a home, selling your home, or investing in the Scottsdale, AZ 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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         Contact Troy Erickson, Realtor®, Good Company Real Estate

Licensed Residential Realtor® in Arizona at 602-295-6807

 

Reach out to me for all your Phoenix, Chandler, Ahwatukee, Tempe, Gilbert, and Scottsdale, Arizona Real Estate needs.

 

Check out our website for all Arizona Real Estate and Homes For Sale in subdivisions like Sun Lakes, Ocotillo, Lakewood, Mountain Park Ranch, Pepperwood, Circle G Ranches, and many others throughout the East Valley.

 

"Real Estate is more than just about a job for me. It is about making a difference in the lives of others. I help people just like you Buy, Sell, and Invest in East Valley Arizona Real Estate!"

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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 (5)

Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Great information about your market segment, we are seeing changes in our market and generally speaking we are six months ahead of the rest of the country, Endre

May 19, 2022 10:39 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

May 20, 2022 11:03 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Appreciate all of the support Myrl Jeffcoat.

May 20, 2022 11:25 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thanks Endre Barath, Jr. for always taking time to comment on my posts. Will be interesting to see how these interest rate hikes will impact the real estate industry the rest of 2022.

May 20, 2022 11:27 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Troy, funny you mentioned about what interest rates will do... I wrote a post last night addressing part of that question, Endre

May 20, 2022 11:30 AM