January Market Stats for Paradise Valley, Scottsdale, North Scottsdale and other markets by waltdanleycire

Walt Danle y

Christie ’s international Real Estate Northeast Valley – Luxury Market Summary – January 2022 This summary analyzes single family homes over $500,000 in all areas of the Northeast Valley, including Scottsdale, Paradise Valley, Arcadia, Biltmore, Carefree, Cave Creek, Fountain Hills and Rio Verde. SUPPLY During December, the active listing count dropped to 926, This Year 926 down from 1,173 at the start of the month. This is down Last Year 1,439 21% in a single month and 36% below the start of 2021. It is also by far the lowest supply we have ever recorded. The supply picture varies by price range. Homes between $500,000 and $2 million have seen supply fall 38% compared to a year ago, and the supply is at the lowest level ever. It is down a massive 81% from the spring of 2016. Listings over $2 million are down 30% compared with a year ago, but this is better supply relative to demand than the ranges under $2 million. It is down 50% from the spring of 2016. Almost all active listings are normal with just two pre-foreclosures and one lender-owned home. Active Listings

DEMAND - SALES The level of closing activity remained high during December. This Year 739 We saw 739 closed listings, down 10% from December 2020 Last Year 818 but comfortably beating all earlier December totals, the prior record being 507 in 2019. Limited by very weak supply, sales between $500,000 and $600,000 dropped 42%. In contrast, the range over $3 million was up 42%. Sales

DEMAND – UNDER CONTRACT We can anticipate future sales by looking at homes under # Homes Under Contract contract. We started 2022 with 718 listings under contract, This Year 718 which is down 16% from January 2021 and down 23% from Last Year 854 930 last month. We deduce that we are likely to see closing numbers during January that are lower than both January 2021 and December 2021. The numbers get stronger as we move up the price ranges. Homes under $800,000 are down 41% but homes over $2 million are up 30% compared to a year earlier. Normal sales comprise 99.6% of luxury homes in escrow, with only two pre-foreclosures and one lender owned home.

CONTINUED ON BACK...

Paradise Valley Office: 480.991.2050 Scottsdale Office: 480.909.4577 WaltDanley.com Information contained in this report has been prepared by The Cromford Report exclusively for Walt Danley Realty and their clients. All other use is expressly forbidden. © 2022

SALES PRICING Due to relatively low volumes and a wide range of price points, the Northeast Valley luxury market can display a lot of volatility if measured monthly. We therefore prefer to measure price per sq. ft. over a longer period to identify trends more accurately. The twelve-month average currently stands at $407, up 26% from $322 in December 2020. The six-month average stands at $422, up 27% from $333 in December 2020 and the threemonth average stands at $442, up 28% from $346 in December 2020. The pricing trend is now heading strongly upwards again after a slight pause over the summer months. UNDER CONTRACT PRICING The average under contract price per square foot stands at $529, up from $492 last month and far higher than the $371 in January 2021. This month the under-contract pricing implies yet higher pricing for January sales.

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Arcadia

January, 2022 The number of active listings in Arcadia fell from 34 to just 22 during December and is now 58% down from twelve months ago. Closed sales came in at 25, down from 31 in December 2020. Average price per sq. ft. was strong again last month. The twelve-month average has grown 27% from $442 to $560 over the last twelve months. The six-month moving average has risen 30% from $466 to $606, while the more volatile three-month moving average increased 24% from $477 to $591.

Information is power and the real estate professionals of Walt Danley Christie’s International Real Estate are committed to providing our clientele with the most up-to-date market intelligence available. The information contained in this report has been compiled from the Arizona Regional Multiple Listing Service and various public records. This data is then scrubbed and analyzed in conjunction with The Cromford Report exclusively for the use of Walt Danley Realty and our clients. Paradise Valley Office: 480.991.2050 Scottsdale Office: 480.909.4577 WaltDanley.com Information contained in this report has been prepared by Walt Danley Realty in conjunction with The Cromford Report exclusively for WDR and their clients. All other use is expressly forbidden. © 2022

Arcadia - January 2022 Average Price per Square Foot for Closed Transactions the Last 17 Years $700 6 Month Avg

$600 $500 $400 $300

Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22

$200

Number of Listings by Status for the Last Two Years 100 80 60 40 20

Active

Accepted Offers

22-Jan

21-Dec

21-Nov

21-Oct

21-Sep

21-Aug

21-Jul

21-Jun

21-May

21-Apr

21-Mar

21-Feb

21-Jan

20-Dec

20-Nov

20-Oct

20-Sep

20-Aug

20-Jul

20-Jun

20-May

20-Apr

20-Mar

20-Feb

Closed

This graph shows the number of homes that were active in the area as of the 15th of the previous month. It also shows the number of offers that were accepted and the number of transactions that were closed within the entire month.

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$1.0M

$2.0M

Active

Under contract <90

<150 >150 Days on the Market

$3.0M

$4.0M

$3,339,583

$2,637,454

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold - Last 12 Month

$2,295,753

The average list price of Active listings is measured the 15th of each month. Note: The “Under Contract” price is the list price, not the contract price. The contract price is not revealed until the transaction closes.

Paradise Valley Office: 480.991.2050 Scottsdale Office: 480.909.4577 WaltDanley.com Information contained in this report has been prepared by Walt Danley Realty in conjunction with The Cromford Report exclusively for WDR and their clients. All other use is expressly forbidden. © 2022

Arcadia - January 2022 Market Activity by Price Range 14 12 10 8 6 4 2 0

13 10 8

7 5

<$750K

4 2

$0.75-$1.25M

Active

New This Month

$1.25-2M

$2M+

Offers Accepted This Month

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply 36

$607

$494

$300

$456

$400

0.4

$448

$0.75-$1.25M

$500

$642

$600

No Sales

$639

$700

$761

$800

$718

$435

<$750K

$730

Average Price per Square Foot by Price Range

$2M+

$100

0.1

$200

$1.25-2M

<$750K

0.9

$0.75-$1.25M

Active

$1.25-2M

Under contract

$2M+

Sold - Last 12 Mo

Figures for Active and Under Contract were compiled on the 15th of the previous month. Note: The “Under Contract” price is the list price, not the contract price. The contract price is not revealed until the transaction closes.

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Feb

Mar

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

0% Feb

Dec

0% Oct

Nov

2% Sep

Jul

Aug

Jun

Apr

May

10%

Mar

12%

10%

Jan

12%

10%

Feb

12%

Jan

Closed Transactions by Month

Accepted Offers by Month

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Arcadia - January 2022 Price per Square Foot

Based on size of the home (sold over the last twelve months) $600

$580

$550

$575

$545

$500

$574

$559

$450 $400 $350 $300

$299

$250 $200

<2,500

2,501-3,500

3,501-5,000

5,001-7,500

7,501-10,000

10,000+

Price per Square Foot

Based on the year built (sold over the last twelve months)

$700 $650 $600

$664

2010s

2020s

$581

$550 $500

$655

$540

$450

$511 $471

$470

1980s

1990s

$400 $350 $300 $250

<1970

1970s

2000s

Price per Square Foot

Traditional

Short Sale

$544

$687 $0

$393

$565

$528

$628

By Type

$759

$800 $700 $600 $500 $400 $300 $200 $100 $0

REO

Active

Closed - Last Month

Active- 12 Mo Avg

Sold - 12-Mo Avg

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Biltmore

January, 2022 The supply of active listings stands at 13 on January 1st, 2022, down from 28 this time last year and an all-time record low. There were 15 closed sales during December, up from 13 in December 2020. Pricing has taken off recently and the twelve-month average has moved up 26% from $342 to $432 per sq. ft. over the last year. The six-month average is up 28% from $353 to $451, and the volatile threemonth average has seen a 32% increase from $352 to $464.

Biltmore - January 2022 Average Price per Square Foot for Closed Transactions the Last 17 Years

$600 $550

6 Month Avg

$500 $450 $400 $350 $300 $250 $200

Jul-21

Jan-22

Jul-20

Jan-21

Jul-19

Jan-20

Jul-18

Jan-19

Jul-17

Jan-18

Jul-16

Jan-17

Jul-15

Jan-16

Jul-14

Jan-15

Jul-13

Jan-14

Jul-12

Jan-13

Jul-11

Jan-12

Jul-10

Jan-11

Jul-09

Jan-10

Jul-08

Jan-09

Jul-07

Jan-08

Jan-07

Jul-06

Jan-06

Jul-05

Jan-05

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

22-Jan

21-Dec

21-Nov

21-Oct

21-Sep

21-Aug

21-Jul

21-Jun

21-May

21-Apr

21-Mar

21-Feb

21-Jan

20-Dec

20-Nov

20-Oct

20-Sep

20-Aug

20-Jul

20-Jun

20-May

20-Apr

20-Mar

20-Feb

70 60 50 40 30 20 10 0

Closed

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$1.0M

Active

Under contract

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold - Last 12 Month

$2.0M

$3.0M $3,231,615

$1,072,225

$944,269

Biltmore - January 2022 Market Activity by Price Range 10

<$500K

$500K-$1M

Active

$1M-1.5M

New This Month

$1.5-2M

Offers Accepted This Month

$2M+

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply 36

$700 $600

<$500K

0.3

$500K-$1M

0.6

$400

$1M-1.5M

0.2

$200

$2M+

4.0

$470

$414

$405

$413

$408

$391

$371

$281

No Sales

$291

$100

$1.5-2M

$270

$300

$370

$500

$523

$704

$617

Average Price per Square Foot by Price Range $800

<$500K

$500K-$1M Active

$1M-1.5M

$1.5-2M

Under contract

$2M+

Sold - Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality

Dec

Nov

Oct

Sep

Jul

Aug

Jun

May

Apr

Mar

Jan

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Dec

0% Oct

Nov

2% Sep

Jul

Aug

Jun

Apr

May

10%

Mar

12%

10%

Jan

12%

10%

Feb

12%

Feb

Closed Transactions by Month

Accepted Offers by Month

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Biltmore - January 2022 Price per Square Foot

Based on size of the home (sold over the last twelve months) $500 $450

$447

$440

3,001-4,000

4,001-5,000

$421

$400

$427

$437

$350 $300

$330

$250 $200

<2,000

2,001-3,000

5,001-7,500

7,500+

Price per Square Foot

Based on the year built (sold over the last twelve months) $650 $600

$616

$550 $500

$491

$450 $400 $350

$383

$375

$359

$300 $250

<1980

1980s

1990s

2000s

2010s

Price per Square Foot By Type

Traditional

Short Sale

$100

$280

$200

$300

$405

$400

$580

$500

$428

$600

$646

$700

REO

Active

Closed - Last Month

Active- 12 Mo Avg

Sold - 12-Mo Avg

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Fountain Hills January, 2022

The supply of active listings dropped sharply from 64 to 59 during December. This total is down 32% from the 87 that we saw on January 1st, 2021. There were 45 closed sales during December, up from 41 during December 2020 and the highest December total ever seen. The market in Fountain Hills is unusually unbalanced with demand far exceeding supply. Pricing has started accelerating again. The twelve-month average price per sq. ft. came in at $309 in December, up 21% from $255 a year earlier. The six-month average rose from $260 to $317 over the last year while the volatile three-month average was $323 per sq. ft., up from $267 a year earlier.

Fountain Hills - January 2022 Average Price per Square Foot for Closed Transactions the Last 17 Years $350 6 Month Avg

$300 $250 $200

Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 17-Jul 18-Jan 18-Jul 19-Jan 19-Jul 20-Jan 20-Jul 21-Jan 21-Jul 22-Jan

$150

Number of Listings by Status for the Last Two Years 150 100 50

Active

Accepted Offers

22-Jan

21-Dec

21-Nov

21-Oct

21-Sep

21-Aug

21-Jul

21-Jun

21-May

21-Apr

21-Mar

21-Feb

21-Jan

20-Dec

20-Nov

20-Oct

20-Sep

20-Aug

20-Jul

20-Jun

20-May

20-Apr

20-Mar

20-Feb

Closed

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$500K

$1.0M

Active

Under contract <90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold - Last 12 Month

$1.5M

$2.0M

$1,472,147

$1,105,702

$954,065

Fountain Hills - January 2022 Market Activity by Price Range 40

27 18

$500K-$1M

$1-$1.5M

Active

$1.5-2M

New This Month

$2-3M

Offers Accepted This Month

$3M+ Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply

$2-3M

$506

$406

$379

$406

$339

$373

$354

$200

1.2

$351

$300

$306

$1.5-2M

$400

$310

0.3

$500

$282

$1-$1.5M

$600

$319

0.5

$700

$304

$500K-$1M

$625

$460

Average Price per Square Foot by Price Range

$100

1.8

$500K-$1M

$3M+

6.0

$1-$1.5M

Active

$1.5-2M

$2-3M

Under contract

$3M+

Sold - Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality Closed Transactions by Month

Accepted Offers by Month

14%

12%

10% 6%

4% 2%

Dec

Nov

Oct

Sep

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Jul

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Aug

10% 8%

Jun

Apr

May

Mar

10%

Jan

12%

Feb

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Fountain Hills - January 2022 Price per Square Foot

Based on size of the home (sold over the last twelve months) $450

$437 $400 $350 $300

$354 $303

$306

$304

$288

$250 $200

<3,000

3,001-4,000

4,001-5,000

5,001-7,500

7,501-10,000

10,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $450 $400

$413

$406

2010s

2020s

$350

$320

$300 $250 $200

$279

$276

<1980

1980s

$290

1990s

2000s

Price per Square Foot By Type

$500

Traditional

Short Sale

$322 $0

$321

$314 $0

$100

$348

$310

$200

$382

$300

$320

$400

REO

Active

Closed - Last Month

Active- 12 Mo Avg

Sold - 12-Mo Avg

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

North Scottsdale 85255, 85262, 85266

January, 2022

On January 1st, we had just 305 active listings, down from 373 last month and down 43% from a year ago. This is easily the lowest level of supply we have ever recorded. Closed sales totaled 192 during December, down 29% from 272 in December 2020, no doubt restricted by the lack of supply. Prices continued to rise steeply. The twelve-month moving average $/SF came in at $424, up 29% from $328 in December 2020, while the six-month average rose from $343 to $438. The volatile three-month average was $458 having been $360 a year earlier, an increase of 27%.

North Scottsdale - January 2022 Average Price per Square Foot for Closed Transactions the Last 17 Years $500 $450

6 Month Avg

$400 $350 $300 $250 $200

Jan-22

Jul-21

Jan-21

Jul-20

Jul-19

Jan-20

Jul-18

Jan-19

Jul-17

Jan-18

Jul-16

Jan-17

Jul-15

Jan-16

Jul-14

Jan-15

Jul-13

Jan-14

Jul-12

Jan-13

Jul-11

Jan-12

Jul-10

Jan-11

Jan-10

Jul-09

Jan-09

Jul-08

Jan-08

Jul-07

Jan-07

Jul-06

Jan-06

Jul-05

Jan-05

$150

Number of Listings by Status for the Last Two Years

1,000 800 600 400 200

Active

Accepted Offers

22-Jan

21-Dec

21-Nov

21-Oct

21-Sep

21-Aug

21-Jul

21-Jun

21-May

21-Apr

21-Mar

21-Feb

21-Jan

20-Dec

20-Nov

20-Oct

20-Sep

20-Aug

20-Jul

20-Jun

20-May

20-Apr

20-Mar

20-Feb

Closed

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$1.0M

$2.0M

Active

Under contract

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold - Last 12 Month

$3.0M $3,016,660

$2,054,768

$1,577,011

North Scottsdale - January 2022 Market Activity by Price Range 100

53 37

$500K-$1M

$1-$1.5M

Active

20 0

$1.5-2M

New This Month

$2-3M

$3M+

Offers Accepted This Month

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply

$2-3M

$200 $100

1.5

$3M+

$666

$539

$469

$534

$397

$300

$439

$400

$427

$500

$372

0.9

$600

$350

$1.5-2M

$700

$358

0.4

$800

$309

$1-$1.5M

$900

$329

0.7

$316

$500K-$1M

$836

$782

Average Price per Square Foot by Price Range

$500K-$1M

3.8

$1-$1.5M

Active

$1.5-2M

$2-3M

Under contract

$3M+

Sold - Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality Closed Transactions by Month

Accepted Offers by Month

12%

10%

Dec

Nov

Oct

Sep

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Jul

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Aug

Jun

Apr

May

Mar

10%

Jan

12%

Feb

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

North Scottsdale - January 2022 Price per Square Foot

Based on size of the home (sold over the last twelve months) $800 $750

$747

$700 $650 $600 $550 $500 $400 $350 $300 $250

$515

$485

$450

$428 $361

$362

<3,000

3,001-4,000

4,001-5,000

5,001-7,500

7,501-10,000

10,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $600 $550

$560

$500 $450 $400

$411

$401

$409

$350

$364

$368

1990s

2000s

$300 $250

1970s

1980s

2010s

2020s

Price per Square Foot By Type

Traditional

Short Sale

$196

$215

$378

$100

$305

$200

$309

$300

$422

$400

$596

$500

$484

$600

$639

$700

REO

Active

Closed - Last Month

Active- 12 Mo Avg

Sold - 12-Mo Avg

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Paradise Valley January, 2022

Supply in Paradise Valley fell again during December standing at 136 active listings as of the beginning of January 2022. This is down 31% from 197 at the same time last year, so is not only far below normal but the lowest we have ever recorded. Closing counts came in at 40 for December, down from 53 in December 2020. Prices continued to advance and the 12-month average price per square foot now stands at $587, up 30% from $451 in December 2020. The six-month average stands at $618, up 36% from $455 last year, while the three-month average came in at $661, up 37% from $482 in December 2020.

Paradise Valley - January 2022 Average Price per Square Foot for Closed Transactions the Last 17 Years $750 6 Month Avg

$650 $550 $450 $350 $250

Jan-22

Jul-21

Jan-21

Jul-20

Jul-19

Jan-20

Jul-18

Jan-19

Jul-17

Jan-18

Jul-16

Jan-17

Jan-16

Jul-15

Jan-15

Jul-14

Jul-13

Jan-14

Jul-12

Jan-13

Jul-11

Jan-12

Jan-11

Jul-10

Jan-10

Jul-09

Jul-08

Jan-09

Jul-07

Jan-08

Jul-06

Jan-07

Jan-06

Jul-05

Jan-05

$150

Number of Listings by Status for the Last Two Years

250 200 150 100 50

Active

Accepted Offers

22-Jan

21-Dec

21-Nov

21-Oct

21-Sep

21-Aug

21-Jul

21-Jun

21-May

21-Apr

21-Mar

21-Feb

21-Jan

20-Dec

20-Nov

20-Oct

20-Sep

20-Aug

20-Jul

20-Jun

20-May

20-Apr

20-Mar

20-Feb

Closed

Sales Price as a Percentage of Original List Price

Average Price 0

100% 95% 90% 85% 80% 75% 70% 65% 60%

$2.0M

$4.0M

Active

Under contract

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold - Last 12 Month

$6.0M $6,251,611

$4,171,418

$3,287,890

Paradise Valley - January 2022 Market Activity by Price Range 60

50 40 30

<$1M

$1-$2M

Active

$2-3M

New This Month

$3-5M

Offers Accepted This Month

$5M+ Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply

0.3

$3-5M

2.1

$5M+

$1-$2M

9.0

$2-3M

Active -

$3-5M

Under contract -

$943

$785

$655

$554

$2-3M

$677

1.0

$482

$1-$2M

$498

No Sales

$941

$1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0

$651

$443

$547

<$1M

$659

Average Price per Square Foot by Price Range

$5M+

Sold - Last 12 Mo -

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality Closed Transactions by Month

Accepted Offers by Month

12%

10%

Dec

Nov

Oct

Sep

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Jul

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Aug

Jun

Apr

May

Mar

10%

Jan

12%

Feb

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Paradise Valley - January 2022 Price per Square Foot

Based on size of the home (sold over the last twelve months) $650 $600 $550

$619

$605

$581

$564

$554

$500

$525

$450 $400 $350 $300 $250

<3,500

3,501-5,000

5,001-7,000

7,001-9,000

9,001-12,000

12,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $800 $750

$752

$700

$692

$650 $600 $550 $500

$548

$544

$532

$515

$492

$450 $400 $350 $300 $250

<1970

1970s

1980s

1990s

2000s

2010s

2020s

Price per Square Foot By Type

$591

$805

$817 $0 $0

$200 Traditional

Short Sale

$0 $0

$400

$293

$600

$568

$800

$863 $646 $718

$1,000

REO

Active

Closed - Last Month

Active- 12 Mo Avg

Sold - 12-Mo Avg

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Scottsdale

January, 2022 On January 1st, Scottsdale’s active listing counts hit yet another new all-time low of 541. This is down 36% from the same time last year. In December we counted 489 closed sales, down from the 540 we saw in December 2020. Prices continued to show strong rises over the last year. The twelvemonth moving average $/SF came in at $395, up 28% from $309 a year earlier. The six-month moving average stands at $410 up 27% from $322 a year ago and the more volatile three-month average was $426, up from $337 in December 2020, a rise of 26%.

Scottsdale - January 2022 Average Price per Square Foot for Closed Transactions the Last 17 Years

$450 $400

6 Month Avg

$350 $300 $250 $200

Jul-21

Jan-22

Jul-20

Jan-21

Jul-19

Jan-20

Jan-19

Jul-18

Jan-18

Jul-17

Jan-17

Jul-16

Jul-15

Jan-16

Jul-14

Jan-15

Jul-13

Jan-14

Jul-12

Jan-13

Jan-12

Jul-11

Jan-11

Jul-10

Jan-10

Jul-09

Jul-08

Jan-09

Jul-07

Jan-08

Jul-06

Jan-07

Jul-05

Jan-06

Jan-05

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

22-Jan

21-Dec

21-Nov

21-Oct

21-Sep

21-Aug

21-Jul

21-Jun

21-May

21-Apr

21-Mar

21-Feb

21-Jan

20-Dec

20-Nov

20-Oct

20-Sep

20-Aug

20-Jul

20-Jun

20-May

20-Apr

20-Mar

20-Feb

1400 1200 1000 800 600 400 200 0

Closed

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$500K

$1.0M

$1.5M

Active

Under contract

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold - Last 12 Month

$2.0M

$2.5M

$2,345,342

$1,619,953

$1,225,419

Scottsdale - January 2022 Market Activity by Price Range 300

259

250

227

200

157

149

150

105

100

50 0

$500K-$1M

$1-$1.5M

Active

$1.5-2M

New This Month

$2-3M

Offers Accepted This Month

$3M+ Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply

$3M+

$200 $100

$658

$524

$469

$545

$402

$300

$462

1.5

$400

$437

$2-3M

$500

$385

1.0

$600

$358

$1.5-2M

$700

$400

0.6

$800

$320

$1-$1.5M

$900

$344

0.5

$336

$500K-$1M

$815

$766

Average Price per Square Foot by Price Range

$500K-$1M

3.8

$1-$1.5M

Active

$1.5-2M

$2-3M

Under contract

$3M+

Sold - Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality Closed Transactions by Month

Accepted Offers by Month

12%

10%

Dec

Nov

Oct

Sep

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Jul

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Aug

Jun

Apr

May

Mar

10%

Jan

12%

Feb

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Scottsdale - January 2022 Price per Square Foot

Based on size of the home (sold over the last twelve months) $800 $750 $700 $650 $600 $550 $500 $450 $400 $350 $300 $250 $200

$734

$494

$472 $414 $354

$359

<3,000

3,001-4,000

4,001-5,000

5,001-7,500

7,501-10,000

10,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $600

$584

$550

$542

$500 $450 $400 $350

$378

$403 $364

$300 $250

<1970

1970s

$348

$354

1980s

1990s

2000s

2010s

2020s

Price per Square Foot By Type

$700

Traditional

Short Sale

$232

$219

$380

$319

$100

$312

$200

$393

$300

$547

$400

$447

$500

$588

$600

REO

Active

Closed - Last Month

Active- 12 Mo Avg

Sold - 12-Mo Avg