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 October was $1,200,000, up 9.1% from $1,100,000 in October of 2019 and down -1.6% from $1,220,000 last month. The average sales price in October was $1,548,678, up 9.8% from $1,411,082 in October of 2019 and up 8.7% from $1,424,391 last month. October 2020 ASP was at highest level compared to October of 2019 and 2018.
We can currently see (682) Luxury Homes available today in Scottsdale. (inventory is falling)
Scottsdale Luxury Homes ~ Newest Listings
Scottsdale Luxury Homes ~ Monthly Market Report
(for Scottsdale Luxury) October property sales were 266, up from 112 in October of 2019 and 12.2% higher than the 237 sales last month. October 2020 sales were at their highest level compared to October of 2019 and 2018. October YTD sales of 1,838 are running 41.5% ahead of last year’s year-to-date sales of 1,299.
Our total inventory of Scottsdale Luxury Homes for sale as of October was 772, down -0.3% from 774 last month and down -19.3% from 957 in October of last year. October 2020 Inventory was at the lowest level compared to October 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 October was 72, down from 81 days last month and down from 113 days in October of last year. The October 2020 DOM was at its lowest level compared with October 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 October 2020 selling price per square foot of $355 was up 7.6% from $330 last month and up 16.8% from $304 in October 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 October 2020 selling price vs list price of 95.6% was equal to 95.6% last month and up from 92.4% in October 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 🙂