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! 🙂
Our Median Sales Price in April was $1,247,000, up 14.5% from $1,089,250 in April of 2020 and down -0.2% from $1,250,000 last month. The average sales price in April was $1,568,978, up 17.0% from $1,341,237 in April of 2020 and down -2.4% from $1,607,653 last month. April 2021 ASP was at highest level compared to April of 2020 and 2019.
We can currently see (454) Luxury Homes ($800,000+) available today in Scottsdale.
Scottsdale Luxury Homes ~ Newest Listings
Scottsdale Luxury Homes ~ Monthly Market Report
Our (Scottsdale Luxury $800,000+) April property sales were 413, up from 142 in April of 2020 and 0.5% higher than the 411 sales last month. April 2021 sales were at their highest level compared to April of 2020 and 2019. April YTD sales of 1,374 are running 105.1% ahead of last year’s year-to-date sales of 670.
The total inventory of properties available for sale as of April was 671, up 19.8% from 560 last month and down -35.9% from 1,047 in April of last year. April 2021 Inventory was at the lowest level compared to April of 2020 and 2019.
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 35, down from 52 days last month and down from 77 days in April of last year. The April 2021 DOM was at its lowest level compared with April of 2020 and 2019.
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 2021 selling price per square foot of $404 was up 2.3% from $395 last month and up 23.2% from $328 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 2021 selling price vs list price of 99.8% was up from 98.9% last month and up from 94.0% 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 🙂