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SCOTTSDALE ARIZO N A www.LuxuryHomeMarketing.com
2022
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | MAY 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,100,000 $4,500,000+
67
7
$3,900,000 - $4,499,999
21
10
$3,500,000 - $3,899,999
14
$3,100,000 - $3,499,999
Total Inventory: 480
19
Total Sales: 269
$2,700,000 - $3,099,999
Seller's Market
25
11 13
$2,300,000 - $2,699,999
43
22
$1,900,000 - $2,299,999
51
28
$1,700,000 - $1,899,999
43
24
$1,500,000 - $1,699,999 25
22
$1,300,000 - $1,399,999
25
$1,250,000 - $1,299,999
20 13
$1,200,000 - $1,249,999
29
24
18 18
8
$1,100,000 - $1,149,999
1
49
33
$1,400,000 - $1,499,999
$1,150,000 - $1,199,999
Total Sales Ratio2: 56%
33
14
20
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,499
$1,370,000
4
3
132
184
72%
3,500 - 4,499
$1,890,777
4
4
71
122
58%
4,500 - 5,499
$3,095,000
4
5
37
80
46%
5,500 - 6,499
$3,000,000
5
6
19
41
46%
6,500 - 7,499
$4,150,000
5
6
6
20
30%
7,500+
$4,025,000
5
6
4
33
12%
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
$1,575,000
$1,665,000
$1,550,000
$1,577,768
$1,500,000
$1,575,100
Inventory
$1,675,000
Solds
$1,682,500
$1,675,000
$1,615,000
$1,487,500
$1,600,000
$1,640,000
480 290 271
May-21
326
308
248
307
207
Jun-21
Jul-21
297
292 174
Aug-21
181
Sep-21
185
Oct-21
266
186
Nov-21
241 214
217
Dec-21
180
Jan-22
256
218 215
Feb-22
297
323 295
Mar-22
269
Apr-22
May-22
MEDIAN DATA REVIEW | MAY TOTAL INVENTORY May 2021
May 2022
290
480 VARIANCE: 66 %
SALE PRICE PER SQFT. May 2021
May 2022
513 VARIANCE: 26 %
$
406
$
TOTAL SOLDS May 2021
May 2022
271
269 VARIANCE: -1 %
SALES PRICE May 2021
1.58m
$
SALE TO LIST PRICE RATIO May 2021
May 2022
May 2022
1.64m VARIANCE: 4 % $
DAYS ON MARKET May 2021
100.00% 100.00% VARIANCE: 0 %
May 2022
27
26 VARIANCE: -4 %
SCOTTSDALE MARKET SUMMARY | MAY 2022 • The Scottsdale single-family luxury market is a Seller's Market with a 56% Sales Ratio. • Homes sold for a median of 100.00% of list price in May 2022. • The most active price band is $1,200,000-$1,249,999, where the sales ratio is 138%. • The median luxury sales price for single-family homes is $1,640,000. • The median days on market for May 2022 was 26 days, down from 27 in May 2021.
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 2022 Inventory
Sales
Luxury Benchmark Price 1: $600,000 $2,600,000+
15
1
$2,400,000 - $2,599,999 $2,200,000 - $2,399,999
0
$2,000,000 - $2,199,999
$1,800,000 - $1,999,999
$1,200,000 - $1,399,999
Total Inventory: 139
1
Total Sales: 112
1 1
Seller's Market
1
Total Sales Ratio2: 81%
6
1
$1,600,000 - $1,799,999 $1,400,000 - $1,599,999
10
3
2
6
0
3
7 12 12
$1,000,000 - $1,199,999
14
$900,000 - $999,999 11
$800,000 - $899,999
22
$750,000 - $799,999
15
$700,000 - $749,999
14 11
$650,000 - $699,999 $600,000 - $649,999
1
15
17
15
13
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
$700,000
2
2
17
25
68%
1,500 - 1,999
$790,000
3
2
54
53
102%
2,000 - 2,499
$850,000
3
3
27
32
84%
2,500 - 2,999
$1,000,000
3
3
9
14
64%
3,000 - 3,499
$1,040,000
3
4
2
7
29%
3,500+
$2,400,000
3
4
3
8
38%
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
$725,000
88
88
May-21
$787,500
$725,000
93
98
82
Jun-21
70
Jul-21
$750,000
83
60
Aug-21
$749,975
85
$774,000
78 48
Sep-21
Inventory
62
Oct-21
$781,000
78
72
Nov-21
$805,000
64
82
Solds
$792,500
71
Dec-21
66
Jan-22
$785,000
$780,000
79
87
68
Feb-22
107
$830,000
$820,000
139
113 107
Mar-22
112
Apr-22
May-22
MEDIAN DATA REVIEW | MAY TOTAL INVENTORY May 2021
May 2022
88
TOTAL SOLDS May 2021
May 2022
139 VARIANCE: 58 %
112 VARIANCE: 27 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
May 2021
May 2022
376
442 VARIANCE: 18 %
$
$
88
May 2021
May 2022
100.00% 100.00% VARIANCE: 0 %
SALES PRICE May 2021
725k
$
May 2022
820k VARIANCE: 13 % $
DAYS ON MARKET May 2021
May 2022
24
20 VARIANCE: -17 %
SCOTTSDALE MARKET SUMMARY | MAY 2022 • The Scottsdale attached luxury market is a Seller's Market with an 81% Sales Ratio. • Homes sold for a median of 100.00% of list price in May 2022. • The most active price band is $800,000-$899,999, where the sales ratio is 200%. • The median luxury sales price for attached homes is $820,000. • The median days on market for May 2022 was 20 days, down from 24 in May 2021.
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 his buyers and sellers make an educated decision and negotiating the best price for them are what sets 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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