Last September, I started gathering data on the single-family luxury resale home market in Scottsdale. The performance is being tracked based on various price ranges.
Here is a quick overview of the performance for July 2008. To see a more complete analysis including trending information, please visit Scottsdale Real Estate News & Lifestyle.
Homes Listed for $1,000,000- $1,499,999*
Active Listings: 543
Pending Sales: 38
Sold Units: 24
Sales Price to List Price: 91.3%
Homes Listed for $1,500,000- $1,999,999*
Active Listings: 269
Pending Sales: 10
Sold Units: 10
Sales Price to List Price: 93.1%
Homes Listed for $2,000,000- $2,999,999*
Active Listings: 335
Pending Sales: 8
Sold Units: 5
Sales Price to List Price: 91.7%
Homes Listed for $3,000,000+*
Active Listings: 277
Pending Sales: 7
Sold Units: 2
Sales Price to List Price: 78.6%
Overall, active listings have been decreasing in all price points, which is good news. However, for the most part, sales and pending sales decreased in July.
For a complete analysis and other information on the Scottsdale real estate market, please click here.
* Data from the Arizona Regional MLS (ARMLS)