Scottsdale AZ Real Estate Housing Market Report - September 2022

Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Scottsdale AZ Real Estate Housing Market Report for September 2022:
After Scottsdale's average sales price reached a new all-time high of $1,499,763 in June, the average sales price dropped in July, slightly increased in August, and dropped back down to $1,200,012 in September.

At the same time, the average sold price per square foot in Scottsdale has decreased for the fourth month in a row and has gone from $483/sf in May to $435/sf in September. The average sold price per square foot in Scottsdale has still increased or remained the same in 22 out of the last 27 months.
After dropping down to 29 DOM in May, Scottsdale days on market had increased the last three months, but finally dropped in September, going from 52 DOM down to 51 DOM this month. The Scottsdale DOM was as high as 76 in January of 2021, so being at 51 DOM now is still low, especially for homes in this price point. Scottsdale home values are slowing, and they are beginning to remain on the market longer, but it is still a buyers' market.
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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Licensed Residential Realtor® in Arizona at 602-295-6807


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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.

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