Here is the most recent Scottsdale AZ Real Estate Housing Market Report for December 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, and decreased in December to end 2022 at $1,350,065.
After remaining at $440/sf the last two months, the average price of Scottsdale homes per square foot decreased to $427/sf for this month. The average sold price per square foot in Scottsdale has now decreased in 5 out of the last 7 months.
Scottsdale days on market has increased for the third straight month, going from 51 DOM in September up to 75 DOM for December. This is the highest DOM for Scottsdale since January of 2021 when it was at 76 DOM. Scottsdale sales prices have been decreasing over the last 6 months, and homes are beginning to remain on the market longer. It seems like the market has become more balanced between buyers and sellers heading into 2023.
After remaining at $440/sf the last two months, the average price of Scottsdale homes per square foot decreased to $427/sf for this month. The average sold price per square foot in Scottsdale has now decreased in 5 out of the last 7 months.
Scottsdale days on market has increased for the third straight month, going from 51 DOM in September up to 75 DOM for December. This is the highest DOM for Scottsdale since January of 2021 when it was at 76 DOM. Scottsdale sales prices have been decreasing over the last 6 months, and homes are beginning to remain on the market longer. It seems like the market has become more balanced between buyers and sellers heading into 2023.
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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