Scottsdale Luxury Homes
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Home | $800~$2M | $2M~$4M | $4M~$6M | $6M+ | Condos~THs | Open House | Market Report | Office Listings | Sellers | ~ Select Cities ~ Cave Creek | Paradise Valley | Phoenix | Scottsdale | Neighborhoods
Welcome to Scottsdale Luxury Homes where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We can also provide Live Video Previews for your favorite Luxury Homes! 🙂
Prices / SqFt
Our April 2020 selling price per square foot of $324 was down -0.9% from $327 last month and up 0.6% from $322 in April of last year. 🙂
We can currently see (995) Luxury Homes available today in Scottsdale. (inventory is falling)
Scottsdale Luxury Homes ~ Newest Listings
Scottsdale Luxury Homes ~ Monthly Market Report
(for Scottsdale Luxury) April property sales were 136, down from 168 in April of 2019 and -31.7% lower than the 199 sales last month. April 2020 sales were at their lowest level compared to April of 2019 and 2018. April YTD sales of 631 are running 31.2% ahead of last year’s year-to-date sales of 481.
Our median sales price (for Scottsdale Luxury) in April was $1,077,500, down -6.3% from $1,150,000 in April of 2019 and down -5.1% from $1,135,000 last month. The average sales price in April was $1,337,990, down -5.1% from $1,409,674 in April of 2019 and down -6.0% from $1,422,924 last month. April 2020 ASP was at the lowest level compared to April of 2019 and 2018.
Our total inventory of Scottsdale Luxury Homes for sale as of April was 922, down -1.3% from 934 last month and down -18.7% from 1,134 in April of last year. April 2020 Inventory was at the lowest level compared to April of 2019 and 2018.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for April was 78, down from 93 days last month and down from 114 days in April of last year. The April 2020 DOM was at its lowest level compared with April of 2019 and 2018.
Selling Price / Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The April 2020 selling price per square foot of $324 was down -0.9% from $327 last month and up 0.6% from $322 in April of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The April 2020 selling price vs list price of 93.9% was equal to 93.9% last month and up from 91.8% in April of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955 ~ Our Office is located here, and you can also see us at Paradise Valley Homes 🙂