FEBRUARY Home of the CLHMS
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SCOTTSDALE ARIZO N A www.LuxuryHomeMarketing.com
2022
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,100,000 $4,500,000+
57
5
$3,900,000 - $4,499,999
17
2
$3,500,000 - $3,899,999
17
5
$3,100,000 - $3,499,999
Total Sales Ratio2: 83%
16
12
13
$1,900,000 - $2,299,999 $1,700,000 - $1,899,999
28
16
17
9
$1,500,000 - $1,699,999 $1,400,000 - $1,499,999
24 13
9
12
$1,300,000 - $1,399,999
29
8
1 1
10
$1,150,000 - $1,199,999
2
$1,100,000 - $1,149,999
2
1
Seller's Market 17
11
$2,300,000 - $2,699,999
$1,200,000 - $1,249,999
Total Sales: 180
16
10
$2,700,000 - $3,099,999
$1,250,000 - $1,299,999
Total Inventory: 217
9 9
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,499
$1,351,000
4
3
77
49
157%
3,500 - 4,499
$1,790,000
4
4
59
49
120%
4,500 - 5,499
$2,225,000
4
5
20
27
74%
5,500 - 6,499
$3,100,000
5
6
13
37
35%
6,500 - 7,499
$3,200,000
5
6
3
20
15%
7,500+
$3,450,000
5
7
8
35
23%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
SCOTTSDALE
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$1,650,000
316
$1,655,000
311 154
Jan-21
$1,549,500
311
268
$1,650,000
316
262
$1,575,000
290 271
192
Feb-21
Mar-21
Apr-21
May-21
$1,665,000
326 248
Jun-21
Inventory
$1,550,000
308
$1,577,768
307 207
Jul-21
Solds
$1,500,000
297
292
Sep-21
$1,675,000
266
Oct-21
$1,682,500
$1,487,500
186
185
181
174
Aug-21
$1,575,100
Nov-21
241
217
214
Dec-21
180
Jan-22
MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021
Jan. 2022
316
217 VARIANCE: -31 % SALE PRICE PER SQFT. Jan. 2021
Jan. 2022
379
461 VARIANCE: 22 %
$
$
TOTAL SOLDS Jan. 2021
SALES PRICE
Jan. 2022
154
180 VARIANCE: 17 %
Jan. 2021
$
SALE TO LIST PRICE RATIO Jan. 2021
Jan. 2022
97.12% 100.00% VARIANCE: 3 %
1.65m
Jan. 2022
1.68m VARIANCE: 2 % $
DAYS ON MARKET Jan. 2021
Jan. 2022
64
31 VARIANCE: -52 %
SCOTTSDALE MARKET SUMMARY | JANUARY 2022 • The Scottsdale single-family luxury market is a Seller's Market with a 83% Sales Ratio. • Homes sold for a median of 100.00% of list price in January 2022. • The most active price band is $1,200,000-$1,249,999, where the sales ratio is 1000%. • The median luxury sales price for single-family homes is $1,682,500. • The median days on market for January 2022 was 31 days, down from 64 in January 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
SCOTTSDALE
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $600,000 $2,600,000+
23
2
$2,400,000 - $2,599,999
4
1
Total Inventory: 71
$2,200,000 - $2,399,999
0 0
Total Sales: 66
$2,000,000 - $2,199,999
0 0
Seller's Market
$1,800,000 - $1,999,999
0 1
$1,600,000 - $1,799,999
2
$1,400,000 - $1,599,999
10
3
$1,200,000 - $1,399,999
8
4
$1,000,000 - $1,199,999
2
$900,000 - $999,999
2
5 7
7
$800,000 - $899,999
$650,000 - $699,999 $600,000 - $649,999
1
9
3
$750,000 - $799,999
$700,000 - $749,999
Total Sales Ratio2: 93%
6
0
10 5
2
11
3
7
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,499
$650,000
2
2
11
12
92%
1,500 - 1,999
$747,500
2
2
28
19
147%
2,000 - 2,499
$862,500
3
3
16
10
160%
2,500 - 2,999
$1,015,000
3
3
9
8
113%
3,000 - 3,499
$2,750,000
2
4
2
7
29%
3,500+
NA
NA
NA
0
15
0%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
SCOTTSDALE
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$725,000
$760,000
$722,500
121
105
114 76
93
$750,000
103 104
Inventory
$787,500 $725,000
88
88
$725,000
93
98
52
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
82
70
Jul-21
Solds
$750,000
$749,975
83
85 60
Aug-21
$774,000
$781,000
78
78
48
Sep-21
62
Oct-21
72
Nov-21
$805,000
64
$792,500
82
71
Dec-21
66
Jan-22
MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021
Jan. 2022
105
TOTAL SOLDS Jan. 2021
Jan. 2022
71 VARIANCE: -32 %
66 VARIANCE: 27 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Jan. 2021
Jan. 2022
379
431 VARIANCE: 14 %
$
$
52
Jan. 2021
Jan. 2022
98.58% 99.40% VARIANCE: 1 %
SALES PRICE Jan. 2021
$
725k
Jan. 2022
793k VARIANCE: 9 % $
DAYS ON MARKET Jan. 2021
Jan. 2022
51
36 VARIANCE: -29 %
SCOTTSDALE MARKET SUMMARY | JANUARY 2022 • The Scottsdale attached luxury market is a Seller's Market with a 93% Sales Ratio. • Homes sold for a median of 99.40% of list price in January 2022. • The most active price band is $650,000-$699,999, where the sales ratio is 550%. • The median luxury sales price for attached homes is $792,500. • The median days on market for January 2022 was 36 days, down from 51 in January 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
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!” Catherine K. “ 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 Juli M. to anyone buying and selling a home. Can’t wait to work with them again.” “ 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.” Sal M. “ 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.” Jason A.
John A. Sposato PC, CDPE, CIAS ABR, CRS john@arizonahomegroup.com 602.571.3730
#AHGScottsdaleRealtor
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