Luxury Property Report Scottsdale Arizona July 2019
The Lifestyle Collection www.TheLifestyleCollection.com 602-603-0708
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JUNE 2019 Inventory
Sales
Luxury Benchmark Price 1: $950,000 $5,000,000+ $4,300,000 - $4,999,999
20
1
$3,700,000 - $4,299,999
3
$3,200,000 - $3,699,999
$2,700,000 - $3,199,999
41
2
4
Total Sales Ratio2: 15%
53
5
60
4
78
12
107
14
42
7
$1,200,000 - $1,299,999
65
12 46
9 35
15
$950,000 - $999,999
1
Balanced Market
63
$1,400,000 - $1,599,999
$1,000,000 - $1,099,999
34
9
$1,600,000 - $1,799,999
$1,100,000 - $1,199,999
Total Sales: 116
1
$2,000,000 - $2,299,999
$1,300,000 - $1,399,999
34
43
$2,300,000 - $2,699,999
$1,800,000 - $1,999,999
Total Inventory: 790
69
18
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,499
$1,014,084
3
4
13
84
15%
3,500 - 4,499
$1,159,500
4
4
48
212
23%
4,500 - 5,499
$1,535,000
4
5
27
208
13%
5,500 - 6,499
$2,350,000
4
6
15
121
12%
6,500 - 7,499
$2,651,006
5
6
6
70
9%
7,500+
$4,200,000
5
7
7
95
7%
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
$1,292,500
812
$1,490,000
$1,327,500
$1,252,500
743
130
Jun-18
82
66
Aug-18
Sep-18
80 Jul-18
$1,291,750
881
847
751
686
$1,430,000
84
Oct-18
Inventory
$1,250,000
$1,420,000
68
72
Nov-18
Dec-18
$1,350,000
$1,391,250
980
79
87
Feb-19
Mar-19
63 Jan-19
$1,475,000
1,095
1,039
989
869
Solds
$1,400,000
942
790
133
124
Apr-19
$1,350,000
May-19
116
Jun-19
MEDIAN DATA INVENTORY May
June
942
SOLDS May
SALES PRICE June
790 VARIANCE: -16 %
116 VARIANCE: -13 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
May
$
June
313
313 VARIANCE: 0 % $
133
May
June
96.15%
96.14% VARIANCE: 0 %
May
1.40m
$
June
1.35m VARIANCE: -4 % $
DAYS ON MARKET May
June
96
108 VARIANCE: 13 %
SCOTTSDALE MARKET SUMMARY | JUNE 2019 • The Scottsdale single-family luxury market is a Balanced Market with a 15% Sales Ratio. • Homes sold for a median of 96.14% of list price in June 2019. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 43%. • The median luxury sales price for single-family homes has decreased to $1,350,000. • The median days on market for June 2019 was 108 days, up from 96 in May 2019.
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 | JUNE 2019 Inventory
Sales
Luxury Benchmark Price 1: $520,000 $1,250,000+ $1,125,000 - $1,249,999
7
1
$900,000 - $999,999
Total Sales: 49
5
1
7
0
$700,000 - $749,999
9
4
$675,000 - $699,999
11
3
$650,000 - $674,999
6
3
$625,000 - $649,999
$575,000 - $599,999
11
4 6
1
14
2
$550,000 - $574,999
23
8
$520,000 - $549,999
1
Total Sales Ratio2: 24%
12
5
$800,000 - $849,999
Seller's Market
15
2
$850,000 - $899,999
$600,000 - $624,999
Total Inventory: 208
1 1
$1,000,000 - $1,124,999
$750,000 - $799,999
54
4
27
10
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,499
$550,000
2
2
1
15
7%
1,500 - 1,999
$551,980
2
2
16
62
26%
2,000 - 2,499
$660,000
3
3
16
62
26%
2,500 - 2,999
$1,035,000
3
3
6
38
16%
3,000 - 3,499
$895,000
3
4
10
21
48%
3,500+
NA
NA
NA
0
10
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
$712,500
$600,000
$609,950
$568,279
$624,500
Inventory
$592,500
$618,000
$582,500
243 124
117 25
Jun-18
115 24
13
Aug-18
Sep-18
22 Jul-18
22 Oct-18
$660,000
$632,500
253
259
$680,000
220
$625,000
$632,500
222
208
161
140
137
126
Solds
20
25
Nov-18
Dec-18
31
46
Feb-19
Mar-19
26
Jan-19
Apr-19
49
48
45
May-19
Jun-19
MEDIAN DATA INVENTORY May
June
222
208 VARIANCE: -6 %
SALE PRICE PER SQFT. May
$
June
300
313 VARIANCE: 4 % $
SOLDS May
SALES PRICE June
48
49 VARIANCE: 2 %
SALE TO LIST PRICE RATIO May
June
97.85% 97.00% VARIANCE: -1 %
May
$
625k
June
633k VARIANCE: 1 % $
DAYS ON MARKET May
83
74 VARIANCE: -11 %
SCOTTSDALE MARKET SUMMARY | JUNE 2019 • The Scottsdale attached luxury market is a Seller's Market with a 24% Sales Ratio. • Homes sold for a median of 97.00% of list price in June 2019. • The most active price band is $1,000,000-$1,124,999, where the sales ratio is 100%. • The median luxury sales price for attached homes has increased to $632,500. • The median days on market for June 2019 was 74 days, down from 83 in May 2019.
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
June