This is the Scottsdale Luxury Property Report for August 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 August report covers the time period through the end of July 2018. Here is a quick overview of the key market trends:
• The Scottsdale attached luxury market is a Balanced Market with an 18% Sales Ratio.
• Homes sold for a median of 97.94% of list price in July 2018.
• The most active price band is $600,000-$624,999, where the sales ratio is 200%.
• The median luxury sales price for attached homes has increased to $609,950.
• The median days on market for July 2018 was 84 days, up from 63 in June 2018.
