DECEMBER Home of the CLHMS
TM
SCOTTSDALE ARIZO N A www.LuxuryHomeMarketing.com
2021
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | NOVEMBER 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,100,000 $4,500,000+ $3,900,000 - $4,499,999
50
2 14
1
$3,500,000 - $3,899,999
Total Inventory: 266 21
7
$3,100,000 - $3,499,999
Seller's Market
13
7
$2,700,000 - $3,099,999
11
22
13
$1,900,000 - $2,299,999
29
17
$1,700,000 - $1,899,999
27
12 19
$1,500,000 - $1,699,999 11
$1,400,000 - $1,499,999
16
10
$1,250,000 - $1,299,999
13 8
$1,150,000 - $1,199,999 3
24
14
6
$1,200,000 - $1,249,999
21 23
$1,300,000 - $1,399,999
1
Total Sales Ratio2: 70%
17
$2,300,000 - $2,699,999
$1,100,000 - $1,149,999
Total Sales: 186
11 10
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,499
$1,337,700
4
3
73
75
97%
3,500 - 4,499
$1,499,500
4
4
70
57
123%
4,500 - 5,499
$2,300,000
4
5
23
44
52%
5,500 - 6,499
$2,874,500
5
6
12
43
28%
6,500 - 7,499
$3,135,000
5
7
6
13
46%
7,500+
$4,537,500
5
6
2
34
6%
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
$1,539,000
465
$1,650,000
399
147
Nov-20
$1,655,000
$1,480,750
316 222
311 154
Dec-20
Jan-21
$1,549,500
311 192
Feb-21
268
Mar-21
$1,650,000
316
Inventory
$1,575,000
262
Apr-21
290 271
May-21
$1,665,000
326
248
Solds
$1,550,000
308
Jun-21
$1,577,768
$1,500,000
307
207
Jul-21
$1,575,100
297
292
Aug-21
Sep-21
266
185
181
174
$1,487,500
Oct-21
186
Nov-21
MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY Nov. 2020
Nov. 2021
465
266 VARIANCE: -43 % SALE PRICE PER SQFT. Nov. 2020
$
Nov. 2021
369
432 VARIANCE: 17 % $
TOTAL SOLDS Nov. 2020
Nov. 2021
147
186 VARIANCE: 27 %
SALES PRICE Nov. 2020
$
SALE TO LIST PRICE RATIO Nov. 2020
Nov. 2021
1.54m
Nov. 2021
1.49m VARIANCE: -3 % $
DAYS ON MARKET Nov. 2020
97.13% 100.00% VARIANCE: 3 %
Nov. 2021
53
33 VARIANCE: -38 %
SCOTTSDALE MARKET SUMMARY | NOVEMBER 2021 • The Scottsdale single-family luxury market is a Seller's Market with a 70% Sales Ratio. • Homes sold for a median of 100.00% of list price in November 2021. • The most active price band is $1,100,000-$1,149,999, where the sales ratio is 333%. • The median luxury sales price for single-family homes is $1,487,500. • The median days on market for November 2021 was 33 days, down from 53 in November 2020. 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 | NOVEMBER 2021 Inventory
Sales
Luxury Benchmark Price 1: $600,000 $2,600,000+ $2,400,000 - $2,599,999
$2,200,000 - $2,399,999 $2,000,000 - $2,199,999 $1,800,000 - $1,999,999
12
0 3
1 0
Total Inventory: 78
1
Total Sales: 72
0 1
$1,600,000 - $1,799,999
2
Seller's Market
2
Total Sales Ratio2: 92% 5
2
$1,400,000 - $1,599,999
3
$1,200,000 - $1,399,999
4 10
3 4
$1,000,000 - $1,199,999
5
3
$900,000 - $999,999
5 8
$800,000 - $899,999 5
$750,000 - $799,999
8
3
$700,000 - $749,999
8 7
$650,000 - $699,999
14 9
$600,000 - $649,999
1
12
10
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,499
$664,000
2
2
6
13
46%
1,500 - 1,999
$710,000
3
2
32
27
119%
2,000 - 2,499
$800,000
3
3
23
13
177%
2,500 - 2,999
$922,270
3
3
8
5
160%
3,000 - 3,499
$1,250,000
3
3
1
12
8%
3,500+
$1,239,000
4
5
2
8
25%
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
$715,000
$690,000
154
149
$725,000
121
105 53
Nov-20
69
52
Dec-20
$722,500
Jan-21
76
Feb-21
$760,000
$750,000
114
103 104
93
Mar-21
Apr-21
Inventory
$725,000
88
88
May-21
$725,000
93
98
Solds
$787,500
82
Jun-21
70
Jul-21
$750,000
$749,975
$774,000
$781,000
83
85
78
78
60
48
Aug-21
Sep-21
62
Oct-21
72
Nov-21
MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY Nov. 2020
Nov. 2021
154
TOTAL SOLDS Nov. 2020
Nov. 2021
78 VARIANCE: -49 %
72 VARIANCE: 36 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Nov. 2020
Nov. 2021
330
394 VARIANCE: 19 %
$
$
53
Nov. 2020
Nov. 2021
98.09% 100.00% VARIANCE: 2 %
SALES PRICE Nov. 2020
$
715k
Nov. 2021
781k VARIANCE: 9 % $
DAYS ON MARKET Nov. 2020
Nov. 2021
62
24 VARIANCE: -61 %
SCOTTSDALE MARKET SUMMARY | NOVEMBER 2021 • The Scottsdale attached luxury market is a Seller's Market with a 92% Sales Ratio. • Homes sold for a median of 100.00% of list price in November 2021. • The most active price band is $700,000-$749,999, where the sales ratio is 267%. • The median luxury sales price for attached homes is $781,000. • The median days on market for November 2021 was 24 days, down from 62 in November 2020. 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
Your Luxury Expert Team John A. Sposato is the founder and team leader of the Arizona Home Group, and has been selling Real Estate in the Phoenix Metro area since 1993. John’s area expertise covers the entire NE Valley, to include all of Scottsdale, Paradise Valley, The Biltmore, Cave Creek/Carefree and Desert Ridge. The goal of the Arizona Home Group has always been to provide you with A Better Real Estate Experience. John and his team have delivered world class service to thousands of clients for close to 3 decades. Helping them make an educated decision and negotiating the best price for his buyers and sellers are what have set him apart from his peers. Let John help you to navigate the process of selling your largest asset, with honesty, integrity and an attention to detail that is second to none.
Check out some of our reviews: “ John and his team are the BEST!. We interviewed other agents, but once we met with John it was clear that he was the right realtor for us. Buying a home in Scottsdale AZ is hard work and John stuck by us every step of the way. After looking at 48 houses, we just closed on a fabulous property yesterday and it never would have happened if it wasn’t for John and his team. Patience, professionalism and just good people, they stuck by us through the entire process. Would give this group 10 stars if I could. Shout out to Nick, thanks for all your support! Thanks John and team for everything!” Catherine K. “ We worked with John and his team selling our home of 21 years. Everyone was professional, kind and courteous. John went above and beyond for us to get our house sold. I would recommend this company Juli M. to anyone buying and selling a home. Can’t wait to work with them again.” “ Actual real estate agents have specific qualities that define them: power of negotiation, transparency, and trust. I can say that John Sposato, the real estate agent that I worked with during my house buying transaction, has all of these qualities. Thank you very much for a job well done.” Sal M. “ John and his team are hands down the best in the business. John helped us buy our first home and throughout the entire process was very personable, knowledgeable, and reliable. We really appreciated how he explains every step of the process so we can be fully aware of what is happening. 10/10 would recommend John to buy/sell a house.” Jason A.
John A. Sposato PC, CDPE, CIAS ABR, CRS john@arizonahomegroup.com 602.571.3730
#AHGScottsdaleRealtor
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