Here is the most recent Scottsdale AZ Real Estate Housing Market Report for November 2022:
After Scottsdale's average sales price reached a new all-time high of $1,499,763 in June, the average sales price has declined overall, but has increased over the last two months, going from $1,200,012 in September to $1,378,292 for November.
After increasing last month, the average price of Scottsdale homes per square foot remained at $440/sf for November, the same as it was last month. The average sold price per square foot in Scottsdale has now increased or remained the same in 24 out of the last 29 months.
After increasing to 59 DOM in October, Scottsdale days on market remained exactly the same in November. The Scottsdale DOM was as high as 76 in January of 2021, so being at 59 DOM is still low, especially for homes at this price point. Increases in Scottsdale home values are slowing, and homes are beginning to remain on the market longer, but it is still slightly a sellers' market.
After increasing last month, the average price of Scottsdale homes per square foot remained at $440/sf for November, the same as it was last month. The average sold price per square foot in Scottsdale has now increased or remained the same in 24 out of the last 29 months.
After increasing to 59 DOM in October, Scottsdale days on market remained exactly the same in November. The Scottsdale DOM was as high as 76 in January of 2021, so being at 59 DOM is still low, especially for homes at this price point. Increases in Scottsdale home values are slowing, and homes are beginning to remain on the market longer, but it is still slightly a sellers' 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 Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
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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