This is the Scottsdale Luxury Property Report for July 2018. Each month we present a report that provides a concise overview of the North Scottsdale luxury home market. If you are interested in reading last month's luxury property report, you will find it here. The data summarized in the July report covers the time period through the end of June 2018. Here is a quick overview of the key market trends.
The Scottsdale single-family luxury market is a Buyer's Market with a 13% Sales Ratio.
Homes sold for a median of 94.78% of list price in May 2018.
The most active price band is $1,050,000-$1,149,999, where the sales ratio is 32%.
The median luxury sales price for single-family homes has increased to $1,465,000.
The median days on market for May 2018 was 118 days, up from 111 in April 2018.
