Luxury Property Report Scottsdale Arizona June 2019
Presented by
The Lifestyle Collection www.TheLifestyleCollection.com 602-603-0708
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | MAY 2019 Inventory
Sales
Luxury Benchmark Price 1: $950,000 $5,000,000+ $4,300,000 - $4,999,999 $3,700,000 - $4,299,999 $3,200,000 - $3,699,999
$2,700,000 - $3,199,999
48
3 23
2
38
1
5
Total Sales Ratio2: 14% 77
8
67
4
70
11
$1,600,000 - $1,799,999
106
14
$1,400,000 - $1,599,999
123
19
$1,300,000 - $1,399,999
62
10
$1,200,000 - $1,299,999
70
14
$1,100,000 - $1,199,999
43
15
$1,000,000 - $1,099,999
1
Buyer's Market 57
$1,800,000 - $1,999,999
$950,000 - $999,999
Total Sales: 133
39
3
$2,300,000 - $2,699,999 $2,000,000 - $2,299,999
Total Inventory: 942
47
17
72
7
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$1,150,000
3
4
6
26
23%
3,000 - 3,999
$1,150,000
4
4
30
182
16%
4,000 - 4,999
$1,400,000
4
5
42
264
16%
5,000 - 5,999
$1,490,000
5
5
25
210
12%
6,000 - 6,999
$2,158,000
5
6
18
114
16%
7,000+
$3,050,000
5
7
12
146
8%
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
$1,300,000
$1,327,500
$1,292,500
812
787
117 May-18
743
130
Jul-18
$1,430,000
82
66
Aug-18
Sep-18
$1,291,750
881
847
751
686
80
Jun-18
$1,490,000 $1,252,500
Inventory
84
Oct-18
$1,250,000
Solds
$1,420,000
68
72
Nov-18
Dec-18
1,095
1,039
989
869
$1,475,000
$1,350,000
63 Jan-19
$1,391,250
980
79
87
Feb-19
Mar-19
$1,400,000
942
133
124
Apr-19
May-19
MEDIAN DATA INVENTORY April
May
980
942 VARIANCE: -4 %
SALE PRICE PER SQFT. April
May
329
$
313 VARIANCE: -5 % $
SOLDS April
SALES PRICE May
124
133 VARIANCE: 7 %
SALE TO LIST PRICE RATIO April
May
96.25% 96.15% VARIANCE: 0 %
April
1.39m
$
May
1.40m VARIANCE: 1 % $
DAYS ON MARKET April
May
96
96 VARIANCE: 0 %
SCOTTSDALE MARKET SUMMARY | MAY 2019 • The Scottsdale single-family luxury market is a Buyer's Market with a 14% Sales Ratio. • Homes sold for a median of 96.15% of list price in May 2019. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 36%. • The median luxury sales price for single-family homes has increased to $1,400,000. • The median days on market for May 2019 was 96 days, remaining the same from April 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 | MAY 2019 Inventory
Sales
Luxury Benchmark Price 1: $520,000 $1,250,000+ $1,125,000 - $1,249,999 $1,000,000 - $1,124,999 $900,000 - $999,999
$850,000 - $899,999
43
2 12
0
5
1
$650,000 - $674,999
$575,000 - $599,999 $550,000 - $574,999
1 7
4
11
2
11
3
11
2 8
3
12
6 6
3
13
5
20
5
$520,000 - $549,999
1
Total Sales Ratio2: 22%
16
$625,000 - $649,999 $600,000 - $624,999
Seller's Market
14
$700,000 - $749,999
$675,000 - $699,999
Total Sales: 48
1
$800,000 - $849,999 $750,000 - $799,999
Total Inventory: 222
33
10
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$622,450
3
3
46
194
24%
3,000 - 3,999
$1,422,138
4
4
2
25
8%
4,000 - 4,999
NA
NA
NA
0
2
0%
5,000 - 5,999
NA
NA
NA
0
1
0%
6,000 - 6,999
NA
NA
NA
0
0
NA
7,000+
NA
NA
NA
0
0
NA
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
$593,000
$609,950
$600,000
$568,279
Inventory
$624,500
$592,500
$618,000
Solds
$582,500
243 124
117
100 26
May-18
25
22
Jun-18
Jul-18
24
13
Aug-18
Sep-18
22 Oct-18
$632,500
253
259
$680,000
$625,000
222
220
161
140
137
126
115
$660,000
20
25
Nov-18
Dec-18
26
Jan-19
31
46
Feb-19
Mar-19
48
45 Apr-19
May-19
MEDIAN DATA INVENTORY April
May
220
222 VARIANCE: 1 %
SALE PRICE PER SQFT. April
May
317
300 VARIANCE: -5 %
$
$
SOLDS April
SALES PRICE May
45
48 VARIANCE: 7 %
SALE TO LIST PRICE RATIO April
May
96.90% 97.85% VARIANCE: 1 %
April
680k
$
625k VARIANCE: -8 % $
DAYS ON MARKET April
70
May
83 VARIANCE: 19 %
SCOTTSDALE MARKET SUMMARY | MAY 2019 • The Scottsdale attached luxury market is a Seller's Market with a 22% Sales Ratio. • Homes sold for a median of 97.85% of list price in May 2019. • The most active price band is $800,000-$849,999, where the sales ratio is 57%. • The median luxury sales price for attached homes has decreased to $625,000. • The median days on market for May 2019 was 83 days, up from 70 in April 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
May
4/28/2019
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