November Luxury Market Summary all areas by waltdanleycire

Walt Danle y

Christie ’s international Real Estate Northeast Valley – Luxury Market Summary – November 2021 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 There was another slight rise in the active listing count last This Year 1,350 month. On October 1st we had 1,309 active listings over Last Year 1,994 $500,000 and by November 1st this had risen to 1,350. However, the supply has been constrained to the range 1,250 to 1,350 for the last six months. The latest total is 32% below this time last year. The supply picture varies by price range. Homes between $500,000 and $1 million have seen supply fall 32% compared to a year ago, and the supply is now gently rising. Between $1 million and $2 million supply is down 37% and continuing to stay low. Meanwhile listings over $2 million are down 28% but saw a slight rise over the last two months. The top end still has better supply relative to demand than the ranges under $2 million. Almost all active listings are normal with just five pre-foreclosures and for the first time, no lender-owned properties. Active Listings

DEMAND - SALES The level of closing activity across the luxury market remains This Year 672 high by historic standards, but is now in decline, both month Last Year 787 to month and year over year. October saw 672 closed listings, down 15% from October 2020 and down 2% from 684 in September. However, 672 is still the second highest total ever recorded for October and third place is a lowly 432. The higher up you look, the stronger the picture grows for closed listings, with the range over $2 million up 14% from 92 last year to 105 in 2021. Sales

DEMAND – UNDER CONTRACT We can anticipate future sales by looking at homes under This Year 991 contract. We started November 2021 with 991 listings under Last Year 1,070 contract, which is down 7% from November 2020 but a slight increase over last month. We deduce that we are likely to see closing numbers during November that are similar to October but lower than November 2020. The numbers get stronger as we move up the price ranges. Homes under $800,000 are down 26% but homes over $2 million are up 23% from 159 last year to 200 in 2021. Normal sales comprise 99.4% of luxury homes in escrow, with only two pre-foreclosures and four lender # Homes Under Contract

owned homes. 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. © 2021

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 $392, up 24% from $316 in October 2020. The six-month average stands at $414, up 30% from $318 in October 2020 and the three-month average stands at $417, up 27% from $328 in October 2020. After two months of the quarterly average declining, the trend is heading upwards again. The appreciation rates over the last year are all over 24%. UNDER CONTRACT PRICING The average under contract price per square foot stands at $475, down from $484 last month but far higher than the $356 in November 2020. Last month the under-contract pricing suggested the higher sales prices we just saw, but this month they are suggesting slightly weaker pricing for November sales.

Walt Danle y

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

Arcadia

November, 2021 The number of active listings in Arcadia rose from 37 to 43 during October but remains well down from 80 twelve months ago. Closed sales came in at a modest 20, down from 33 in October 2020. Average price per sq. ft. was strong again last month. The twelve-month average has risen 26% from $431 to $543 over the last twelve months. The six-month moving average has risen 33% from $442 to $589, while the more volatile three-month moving average surged 36% from $455 to $618.

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. © 2021

Arcadia - November 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $700 $600

6 Month Avg

$500 $400 $300 $200 Nov‐04 May‐05 Nov‐05 May‐06 Nov‐06 May‐07 Nov‐07 May‐08 Nov‐08 May‐09 Nov‐09 May‐10 Nov‐10 May‐11 Nov‐11 May‐12 Nov‐12 May‐13 Nov‐13 May‐14 Nov‐14 May‐15 Nov‐15 May‐16 Nov‐16 May‐17 Nov‐17 May‐18 Nov‐18 May‐19 Nov‐19 May‐20 Nov‐20 May‐21 Nov‐21

$100

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Nov‐21

Oct‐21

Sep‐21

Aug‐21

Jul‐21

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

120 100 80 60 40 20 0

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 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

$500K

$1.0M

$1.5M

$2.0M

$2.5M

$3.0M

$2,761,538

$2,710,845

$2,248,960

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. © 2021

Arcadia - November 2021 Market Activity by Price Range 19

15 10

5 0

<$750K

New This Month

$0.75‐$1.25M

Active

$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

Average Price per Square Foot by Price Range

$800

<$750K

$1.25‐2M

Under contract

<$750K

$0.75‐$1.25M Active

Sold ‐ Last 12 Mo

$1.25‐2M

Under contract

$599

$697

$713 $465

$481

$650

$200

$2M+

$435

$397

$499

$713

$400

$516

$599

$500

$465

$481

$600

$300

$0.75‐$1.25M Active

$700

$354

$200

$435

$300

$354

$397

$400

$499

$500

$516

$650

$600

$697

$800

$700

$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

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Feb

Mar

Dec

Oct

Nov

Sep

Jul

Aug

Jun

May

Apr

Feb

Mar

0% Jan

Dec

0% Nov

Oct

2% Sep

Aug

Jul

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 - November 2021 Price per Square Foot

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

$600

$597

$550

$548

$546

$545

$519

$500

No Sales

$450

<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 $550 $500 $450

$657

$647

2010s

2020s

$546

$504

$489

$485

$462

$400 $350 $300 $250 $200

<1970

1970s

1980s

1990s

2000s

Price per Square Foot

$463

$384

$546

$592

$624

$687

By Type

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

Active

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

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

Biltmore

November, 2021 The supply of active listings stands at just 20 on November 1st, down from 42 this time last year, and down five from last month. There were 18 closed sales during October, up from twelve in October 2020, the highest October count we have ever recorded. Pricing has taken off recently and the twelvemonth average has moved up 24% from $336 to $415 per sq. ft. over the last year. The six-month average is up 27% from $351 to $447, and the volatile three-month average has seen a 34% increase from $350 to $468.

Biltmore - November 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $700 $600 $500

6 Month Avg

$400 $300 $200

Nov‐04 May‐05 Nov‐05 May‐06 Nov‐06 May‐07 Nov‐07 May‐08 Nov‐08 May‐09 Nov‐09 May‐10 Nov‐10 May‐11 Nov‐11 May‐12 Nov‐12 May‐13 Nov‐13 May‐14 Nov‐14 May‐15 Nov‐15 May‐16 Nov‐16 May‐17 Nov‐17 May‐18 Nov‐18 May‐19 Nov‐19 May‐20 Nov‐20 May‐21 Nov‐21

$100

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

Active

Accepted Offers

Nov‐21

Oct‐21

Sep‐21

Aug‐21

Jul‐21

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

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

<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.

$1.5M

$2.0M

$1,816,448

Under contract

$923,523

Sold ‐ Last 12 Month

$921,736

Biltmore - November 2021 Market Activity by Price Range 15

8 5

6 4

3 1

<$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

Average Price per Square Foot by Price Range 12

$874

$800 $700

1.9

<$500K

$2M+

5.1

$500K‐$1M Active

$1M‐1.5M

$513

$492

$478

$100

$445

0.7

$390

$1.5‐2M

$411

$200

$300

$370

0.7

$365

$1M‐1.5M

$421

$400

$275

0.8

$300

$500

$500K‐$1M

$505

$600

$268

<$500K

$769

$900

$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 - November 2021 Price per Square Foot

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

$431

$427

$411

$400

$437

$398

$350

$332 $300

<2,000

2,001‐3,000

3,001‐4,000

4,001‐5,000

5,001‐7,500

7,500+

Price per Square Foot

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

$623

$550 $500 $450

$479

$400 $350 $300

$367

$354

<1980

1980s

$372

$250 $200

1990s

2000s

2010s

Price per Square Foot By Type

$300

Active

$100

$200

$280

$437

$400

$395

$500

$567

$600

$637

$700

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

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

Fountain Hills November, 2021

The supply of active listings recovered slightly from 77 to 88 during October. This total is down 17% from the 106 that we saw on November 1st, 2020. There were 39 closed sales during October, down from 44 during October 2020 but still the second highest October 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 $301 in October, up 20% from $251 a year earlier. The six-month average rose from $256 to $315 over the last year while the volatile three-month average was $316 per sq. ft., up from $250 a year earlier.

Fountain Hills - November 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $350 $300

6 Month Avg

$250 $200 $150 Nov‐04 May‐05 Nov‐05 May‐06 Nov‐06 May‐07 Nov‐07 May‐08 Nov‐08 May‐09 Nov‐09 May‐10 Nov‐10 May‐11 Nov‐11 May‐12 Nov‐12 May‐13 Nov‐13 May‐14 Nov‐14 May‐15 Nov‐15 May‐16 Nov‐16 May‐17 17‐Nov 18‐May 18‐Nov 19‐May 19‐Nov 20‐May 20‐Nov 21‐May 21‐Nov

$100

Number of Listings by Status for the Last Two Years 200 150 100 50

Active

Accepted Offers

Nov‐21

Oct‐21

Sep‐21

Aug‐21

Jul‐21

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

Closed

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

Sales Price as a Percentage of Original List Price

Average Price 0

$400K

$800K

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

$1.2M

$1.6M

$1,394,564

$1,032,751

$961,442

Fountain Hills - November 2021 Market Activity by Price Range 40

20 11

$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

Average Price per Square Foot by Price Range

$2‐3M

$100

3.3

$460

$442

$399

$365

$328

$308

$296

$360

$302

$200

$340

$300

0.3

$312

$400

1.7

$1.5‐2M

$487

$500

$273

$1‐$1.5M

$625

$600

0.7

$295

$500K‐$1M

$700

$3M+

$500K‐$1M

7.5

$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

May

Apr

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 - November 2021 Price per Square Foot

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

$437

$400 $350

$347

$300

$293 $250 $200

<3,000

$310

$285

$291

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

$395

$388

2010s

2020s

$350 $300 $250 $200

$313 $269

$264

<1980

1980s

$281

1990s

2000s

Price per Square Foot

Active

$321

$302

$308

$336

$314

$328

$321

$290

$357

By Type

$321

$400 $350 $300 $250 $200 $150 $100 $50 $0

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

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

North Scottsdale 85255, 85262, 85266

November, 2021 On November 1st, we had 379 active listings, up from 366 last month but down 47% from a year ago. Closed sales totaled 164 during October, down 37% from 259 in October 2020, no doubt restricted by the lack of supply. Prices continued to rise steeply. The twelve-month moving average $/SF came in at $409, up 28% from $320 in September 2020, while the six-month average rose from $323 to $432. The volatile three-month average was $438 having been $336 a year earlier, an increase of 30%.

North Scottsdale - November 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $500 $450 $400

6 Month Avg

$350 $300 $250 $200

$150

Number of Listings by Status for the Last Two Years

1,000 800 600 400 200

Active

Accepted Offers

Nov‐21

Oct‐21

Sep‐21

Aug‐21

Jul‐21

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

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

$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

$2.5M

$3.0M

$3.5M

$3,029,312

$1,881,063

$1,542,163

North Scottsdale - November 2021 Market Activity by Price Range 100

80 60

62 49

20 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 12

$2‐3M

$100

$656

$831 $504

$455

$533

$422

$200

2.0

$391

$300

$364

$400

0.8

$397

$500

$337

$1.5‐2M

$600

$361

0.5

$700

$298

$1‐$1.5M

$800

$326

0.7

$314

$500K‐$1M

$900

$757

Average Price per Square Foot by Price Range

$3M+

$500K‐$1M

4.3

$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

May

Apr

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 - November 2021 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

$754

$409 $346

$348

<3,000

3,001‐4,000

$513

$462

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

$565

$500 $450 $400

$401

$350

$369

$300

$347

$355

1990s

2000s

$389

$250 $200

No Sales

<1970

1970s

1980s

2010s

2020s

Price per Square Foot By Type

Active

$294

$225

$100

$200

$407

$300

$241

$471

$400

$563

$500

$355

$600

$636

$700

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

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

Paradise Valley November, 2021

Supply in Paradise Valley was little changed during October standing at 169 active listings as of the beginning of November. This is down 37% from 267 at the same time last year, so remains far below normal. Closing counts came in at 43 for October, down from 54 in October last year, but still the second highest total for any October. Prices continued to advance and the twelve-month average price per square foot now stands at $559, up 26% from $444 in October 2020. The sixmonth average stands at $595, up 39% from $429 last year, while the three-month average came in at $606, up 37% from $441 in October 2020.

Paradise Valley - November 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years

$700 $600 $500

6 Month Avg

$400 $300

$200

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Nov‐21

Oct‐21

Sep‐21

Aug‐21

Jul‐21

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

300 250 200 150 100 50 0

Closed

Sales Price as a Percentage of Original List Price

Average Price

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

$1.0M

$2.0M

$3.0M

$4.0M

Active

<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

$5,463,362

Under contract

<90

$5.0M

$4,317,072

$3,143,183

Paradise Valley - November 2021 Market Activity by Price Range 60

50 40

20 10

<$1M

$1‐$2M Active

$3‐5M

Offers Accepted This Month

$2‐3M

New 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

$3‐5M

2.6

$5M+

$966 $775

$952 $541

$647

$636

$520

1.2

$468

$2‐3M

$516

1.4

$414

$1‐$2M

$696

0.0

$528

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

$363

<$1M

Average Price per Square Foot by Price Range

<$1M

9.6

$1‐$2M Active

$2‐3M

$3‐5M

Under contract

$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

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Aug

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Jul

Jun

May

Apr

Feb

10%

Mar

12%

Jan

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 - November 2021 Price per Square Foot

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

$585 $550

$571

$561 $534

$500

$450

$529

$519

<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) $850 $800 $750 $700 $650 $600 $550 $500 $450 $400 $350 $300 $250 $200

$784 $647 $521

$500

<1970

$521

$466

1970s

1980s

$488

1990s

2000s

2010s

2020s

Price per Square Foot

Active

$315

$542

$591

$792

$674 $0

$673

$813

By Type

$900 $800 $700 $600 $500 $400 $300 $200 $100 $0

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

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

Scottsdale

November, 2021 Between October 1st and November 1st, Scottsdale’s active listing count did not change, stuck at 792. This is 34% fewer active listings than this time last year. In October we counted 425 closed sales, down 16% from the 504 we saw in October 2020. Prices continued to show dramatic rises over the last year. The twelve-month moving average $/SF came in at $381, up 27% from $301 a year earlier. The six-month moving average stands at $403 up 32% from $306 a year ago and the more volatile three-month average was $407, up from $317 in October 2020, a rise of 28%.

Scottsdale - November 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $450 $400 $350 6 Month Avg

$300 $250 $200

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Nov‐21

Oct‐21

Sep‐21

Aug‐21

Jul‐21

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

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

$2,133,734

$1,455,810

$1,209,290

Scottsdale - November 2021 Market Activity by Price Range 400

319

300

253

249

226

200 103

100 0

$500K‐$1M

104

108

$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 12

$2‐3M

$200

$523

$458

$534

$441

$647

$817

$100

1.8

$393

$300

$378

$400

1.2

$439

$500

$344

$1.5‐2M

$600

$391

0.8

$700

$308

$1‐$1.5M

$800

$347

0.7

$339

$500K‐$1M

$900

$742

Average Price per Square Foot by Price Range

$3M+

$500K‐$1M

4.3

$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

May

Apr

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 - November 2021 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

$741

$495

$450 $395

$340

$344

<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

$547

$500

$560

$450 $400 $350

$366

$384

$349

$300

$332

$341

1980s

1990s

$250 $200

<1970

1970s

2000s

2010s

2020s

Price per Square Foot By Type

Active

$305

$236

$379

$518 $0

$100

$233

$200

$363

$300

$429

$400

$349

$500

$565

$600

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO