Scottsdale Real Estate Stats
Updated July '10

The Scottsdale Arizona real estate market is upscale. Prices are higher here than most other areas in the valley. This is a market that can have homes for sale ranging from the low 100Ks to multi-million dollar mansions. This of course makes tracking Scottsdale real estate market trends more difficult.

Scottsdale is living proof that you can ask as much as you want when selling a house, but ultimately it is the buyer who is going to set the maximum selling price. Looks like prices are bouncing off of the bottom here!

Another important factor in looking at Scottsdale real estate market trends is how long homes were on the market when they actually did sell. This is called days on market and is referred to as DOM. Scottsdale Arizona real estate sellers need plenty of patience but we are finally seeing improvement!

The final way I like to evaluate what is happening with Scottsdale real estate market trends is by showing how many homes have sold versus how many are currently listed at any given time. I also like to throw in how many homes are pending sale as well as how many new listings that there are in the Scottsdale Arizona real estate market.

Sales numbers are holding steady and prices actually went up in the first quarter of this year. Those are good Scottsdale real estate stats. The real good news is in the outlying areas and even a few East Valley cities though. Check out what is happening in Queen Creek, Maricopa, Mesa and Chandler because that could be a sign of things to come in the Scottsdale Arizona real estate market too.