Scottsdale AZ Real Estate Housing Market Report - June 2022

Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Scottsdale AZ Real Estate Housing Market Report for June 2022:
After Scottsdale's average sales price dropped this last month for the first time since January, the average sales price bounced back up to a new all-time high of $1,499,941 in June from $1,432,021 in May.

At the same time, the average sold price per square foot for Scottsdale homes decreased for the first time since November of 2021 and has gone from $483/sf in May to $476/sf in June. The average sold price per square foot in Scottsdale has increased or remained the same in 22 out of the last 24 months.
After dropping down to 29 DOM in May, Scottsdale days on market increased to 34 DOM in June. The Scottsdale DOM was as high as 76 in January of 2021, so being at 34 DOM now is still very 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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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)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Troy... enjoyed reading your Scottsdale report. Most of the market I work in is not seeing such high days on market (yet). Still under 15 days more often than not. And we are not seeing home prices drop as yet either. In fact a number of our areas had record highs in July.

Aug 12, 2022 10:20 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Wow, that is incredible Nina Hollander, Broker. We never got to 15 DOM, but we were getting multiple offers, sight unseen, for $50,000 over list or even higher. Things are definitely starting to level off here and our inventory of homes has doubled in about three months. Thanks for your comment.

Aug 12, 2022 11:19 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Aug 13, 2022 02:10 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thanks as always for your kind support Myrl Jeffcoat.

Aug 13, 2022 03:37 PM