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Luxury Property Report Scottsdale Arizona May 2019

Presented by

The Lifestyle Collection www.LifestyleCollectionRe.com 602-603-0708


SCOTTSDALE

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | APRIL 2019 Inventory

Sales

Luxury Benchmark Price 1: $950,000 $5,000,000+ $4,300,000 - $4,999,999 $3,700,000 - $4,299,999

27

0

Total Sales Ratio2: 13%

60 78

3

67

9

$1,800,000 - $1,999,999

67

8

113

5

$1,400,000 - $1,599,999

122

24

$1,300,000 - $1,399,999

54

9

$1,200,000 - $1,299,999

65

11

$1,100,000 - $1,199,999

$950,000 - $999,999

Buyer's Market

5

$2,000,000 - $2,299,999

$1,000,000 - $1,099,999

Total Sales: 124 42

5

$2,700,000 - $3,199,999

$1,600,000 - $1,799,999

Total Inventory: 980 38

1

$3,200,000 - $3,699,999

$2,300,000 - $2,699,999

52

2

57

20 53

6

85

16

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 2,999

$1,195,000

3

3

7

31

23%

3,000 - 3,999

$1,160,000

4

4

33

189

17%

4,000 - 4,999

$1,396,250

4

5

42

273

15%

5,000 - 5,999

$1,522,500

5

5

20

218

9%

6,000 - 6,999

$2,207,500

5

6

12

121

10%

7,000+

$2,400,000

5

7

10

148

7%

The luxury threshold price is set by The Institute for Luxury Home Marketing based on reported data. 2Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. 1


SCOTTSDALE

SINGLE - FAMILY HOMES

13 - MONTH LUXURY MARKET TREND 4 Median Sales Price

$1,300,000

$1,245,000

810

$1,292,500

812

787

Apr-18

743

130

117

101

May-18

$1,327,500

Jun-18

$1,490,000 $1,252,500

80 Jul-18

$1,430,000

82

66

Aug-18

Sep-18

$1,291,750

84

Oct-18

Solds

$1,250,000

881

847

751

686

Inventory

$1,420,000

$1,350,000

68

72

Nov-18

Dec-18

1,095

1,039

989

869

63 Jan-19

$1,475,000

$1,391,250

980

79

87

Feb-19

Mar-19

124

Apr-19

MEDIAN DATA INVENTORY March

April

1,095

SOLDS March

SALES PRICE April

980 VARIANCE: -11 %

124 VARIANCE: 43 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

March

April

343

$

329 VARIANCE: -4 % $

87

March

April

93.51%

96.25% VARIANCE: 3 %

March

1.48m

$

April

1.39m VARIANCE: -6 % $

DAYS ON MARKET March

April

82

96 VARIANCE: 17 %

SCOTTSDALE MARKET SUMMARY | APRIL 2019 • The Scottsdale single-family luxury market is a Buyer's Market with a 13% Sales Ratio. • Homes sold for a median of 96.25% of list price in April 2019. • The most active price band is $1,100,000-$1,199,999, where the sales ratio is 35%. • The median luxury sales price for single-family homes has decreased to $1,391,250. • The median days on market for April 2019 was 96 days, up from 82 in March 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 | APRIL 2019 Inventory

Sales

Luxury Benchmark Price 1: $520,000 $1,250,000+ $1,125,000 - $1,249,999

9

2

$850,000 - $899,999

$600,000 - $624,999

9

11

3

11

1

12

3 10

1

$625,000 - $649,999

13

3 5

1

$575,000 - $599,999 $550,000 - $574,999

Total Sales Ratio2: 20%

11

3

$675,000 - $699,999

Balanced Market

16

1

$750,000 - $799,999

$650,000 - $674,999

Total Sales: 45

1

$800,000 - $849,999

$700,000 - $749,999

Total Inventory: 220

4 4

$1,000,000 - $1,124,999 $900,000 - $999,999

30

6

21

7

23

1

$520,000 - $549,999

35

8

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 2,999

$625,000

2

3

34

190

18%

3,000 - 3,999

$900,000

3

3

10

26

38%

4,000 - 4,999

$1,875,000

3

5

1

2

50%

5,000 - 5,999

NA

NA

NA

0

1

0%

6,000 - 6,999

NA

NA

NA

0

1

0%

7,000+

NA

NA

NA

0

0

NA

The luxury threshold price is set by The Institute for Luxury Home Marketing based on reported data. 2Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. 1


SCOTTSDALE

ATTACHED HOMES

13 - MONTH LUXURY MARKET TREND 4 Sale Price

Inventory

$712,500 $620,000

$600,000

$593,000

$609,950

$568,279

$624,500

$592,500

Solds

$618,000

$582,500

243

108

124

117

100 33

26

Apr-18

May-18

25

Jun-18

22 Jul-18

24

13

Aug-18

Sep-18

22 Oct-18

$632,500

253

259

$680,000

220

161

140

137

126

115

$660,000

20

25

Nov-18

Dec-18

26

Jan-19

31

46

45

Feb-19

Mar-19

Apr-19

MEDIAN DATA INVENTORY March

April

259

220 VARIANCE: -15 %

SALE PRICE PER SQFT. March

April

318

$

317 VARIANCE: 0 % $

SOLDS March

SALES PRICE April

46

45 VARIANCE: -2 %

SALE TO LIST PRICE RATIO March

April

97.91% 96.90% VARIANCE: -1 %

March

633k

$

April

680k VARIANCE: 8 % $

DAYS ON MARKET March

51

70 VARIANCE: 37 %

SCOTTSDALE MARKET SUMMARY | APRIL 2019 • The Scottsdale attached luxury market is a Balanced Market with a 20% Sales Ratio. • Homes sold for a median of 96.90% of list price in April 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 $680,000. • The median days on market for April 2019 was 70 days, up from 51 in March 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

April

Profile for The Lifestyle Collection

Scottsdale Luxury Report- May 2019