Scottsdale Home Sales Trends For Last Summer 2011

Posted by Artur Ciesielski on Sunday, September 11th, 2011 at 7:02pm.

Unlike the most of the valley which is following an unlikely trend, Scottsdale, has fallen inline where it should be, that is with slighly lower sales and higher inventory. In fact Scottsdale has a 5 month supply of homes vs many other parts of the valley that have 2-3 months and buyers are fighting each other for homes. In Scottsdale over the last 30 days, 397 home sold which is under the 441 in July and 482 in May, but way above the dismal 303 in 2010.

Even inventory is lower than last year at 2,003 vs. 2,956: these are certainly improvements. In Scottsdale, though, there are many more homes in the higher price brackets, especially in north Scottsdale and these homes like others throughout the valley in the higher price points are selling slow, but better than last year.

scottsdale_home_sales_trends_520

( Graph: Cromford Report )

The weaker more prone to discounts market in Scottsdale is evident by the 65.2% success rate in sales and the lower than valley wide sales to list price of 93.52%.

Written by: Artur Ciesielski | tel. 602.492.8004 | e-mail: artur@inphoenix.com

Artur is a Realtor and partner with inPhoenix Realty Group of HomeSmart Elite Group and imStudio and an aspiring flaneur, in the style of Nassim Nicholas Taleb's essay on "why I walk" - not the Canadian meaning. "Some of my best experiences and memories are from walking cities, ignoring warnings of bad and good." Currently he's in Phoenix or elsewhere when time allows, which is rarely, but that is going to change. You can find him running up miles on his car listening to NPR, cycling the urban Phoenix, in the office on Central or working at one of the many coffee bars in Urban Phoenix.