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SCOTTSDALE ARIZONA
www.LuxuryHomeMarketing.com
2022 DECEMBER
Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 3,499 $1,300,000 4 3 63 306 21% 3,500 - 4,499 $1,675,000 4 4 33 213 15% 4,500 - 5,499 $2,500,000 5 5 21 98 21% 5,500 - 6,499 $4,312,500 4 6 6 64 9% 6,500 - 7,499 $3,950,000 6 6 2 39 5% 7,500+ $6,250,000 7 9 4 40 10% SCOTTSDALE SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | NOVEMBER 2022 1 $1,100,000 Balanced Market 760 129 17% 2: 2 ®
MEDIAN DATA REVIEW | NOVEMBER 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3 • The Scottsdale single-family luxury market is a Balanced Market with a 17% Sales Ratio. • Homes sold for a median of 96.52% of list price in November 2022. • The most active price band is $1,500,000-$1,699,999, where the sales ratio is 36% • The median luxury sales price for single-family homes is $1,625,000. • The median days on market for November 2022 was 46 days, up from 33 in November 2021. SCOTTSDALE SINGLE - FAMILY HOMES SCOTTSDALE MARKET SUMMARY | NOVEMBER 2022 VARIANCE: 186 % 266 760 Nov. 2021 Nov. 2022 TOTAL INVENTORY VARIANCE: - 31 % 186 129 TOTAL SOLDS VARIANCE: 9 % $1.49m $1.63m SALES PRICE VARIANCE: 39 % 33 46 DAYS ON MARKET VARIANCE: - 3 % 100.00% 96.52% SALE TO LIST PRICE RATIO VARIANCE: 12 % $432 $483 SALE PRICE PER SQFT. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022
Inventory Sales SCOTTSDALE ATTACHED HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $650,000 2 2 4 42 10% 1,500 - 1,999 $700,000 2 2 23 60 38% 2,000 - 2,499 $1,022,500 3 3 12 64 19% 2,500 - 2,999 $1,050,000 3 3 5 29 17% 3,000 - 3,499 $2,392,913 3 4 1 10 10% 3,500+ $1,100,000 4 3 1 9 11% LUXURY INVENTORY VS. SALES | NOVEMBER 2022 1 $600,000 Seller's Market 214 46 21% 2: 2 ®
Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Solds Sale Price Inventory 3 13 - MONTH LUXURY MARKET TREND 4 VARIANCE: 174 % 78 214 VARIANCE: - 36 % 72 46 VARIANCE: 4 % $781k $814k SALES PRICE VARIANCE: 42 % 24 34 DAYS ON MARKET VARIANCE: - 3 % 100.00% 96.68% SALE TO LIST PRICE RATIO VARIANCE: 7 % $394 $420 SALE PRICE PER SQFT. SCOTTSDALE MARKET SUMMARY | NOVEMBER 2022 SCOTTSDALE ATTACHED HOMES • The Scottsdale attached luxury market is a Seller's Market with a 21% Sales Ratio. • Homes sold for a median of 96.68% of list price in November 2022. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 86% • The median luxury sales price for attached homes is $813,750. • The median days on market for November 2022 was 34 days, up from 24 in November 2021. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY TOTAL SOLDS
Your Luxury Expert Team
John A. Sposato is the founder and team leader of the Arizona Home Group, and has been selling Real Estate in the Phoenix Metro area since 1993. John’s area expertise covers the entire NE Valley, to include all of Scottsdale, Paradise Valley, The Biltmore, Cave Creek/Carefree and Desert Ridge.
The goal of the Arizona Home Group has always been to provide you with A Better Real Estate Experience. John and his team have delivered world class service to thousands of clients for close to 3 decades. Helping his buyers and sellers make an educated decision and negotiating the best price for them are what sets him apart from his peers. Let John help you to navigate the process of selling your largest asset, with honesty, integrity and an attention to detail that is second to none.
Check out some of our reviews:
“John and his team are the BEST!. We interviewed other agents, but once we met with John it was clear that he was the right realtor for us. Buying a home in Scottsdale AZ is hard work and John stuck by us every step of the way. After looking at 48 houses, we just closed on a fabulous property yesterday and it never would have happened if it wasn’t for John and his team. Patience, professionalism and just good people, they stuck by us through the entire process. Would give this group 10 stars if I could. Shout out to Nick, thanks for all your support! Thanks John and team for everything!”
“We worked with John and his team selling our home of 21 years. Everyone was professional, kind and courteous. John went above and beyond for us to get our house sold. I would recommend this company to anyone buying and selling a home. Can’t wait to work with them again.”
Catherine K. Sal M.
“Actual real estate agents have specific qualities that define them: power of negotiation, transparency, and trust. I can say that John Sposato, the real estate agent that I worked with during my house buying transaction, has all of these qualities. Thank you very much for a job well done.”
“John and his team are hands down the best in the business. John helped us buy our first home and throughout the entire process was very personable, knowledgeable, and reliable. We really appreciated how he explains every step of the process so we can be fully aware of what is happening. 10/10 would recommend John to buy/sell a house.”
Juli M. Jason A.
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#AHGScottsdaleRealtor John
PC, CDPE, CIAS ABR, CRS john@arizonahomegroup.com
A. Sposato
602.571.3730