JANUARY Home of the CLHMS
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SCOTTSDALE ARIZO N A www.LuxuryHomeMarketing.com
2022
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | DECEMBER 2021 Inventory
Sales
Luxury Benchmark Price 1: $1,100,000 $4,500,000+ $3,900,000 - $4,499,999 $3,500,000 - $3,899,999
49
12 16
8
Total Inventory: 241 20
3
$3,100,000 - $3,499,999
10
$2,700,000 - $3,099,999
12
$2,300,000 - $2,699,999
14
16
Seller's Market
16
Total Sales Ratio2: 89%
15
16
$1,900,000 - $2,299,999
22
$1,700,000 - $1,899,999 15
$1,400,000 - $1,499,999
12
$1,300,000 - $1,399,999
12
5
17 20
12 7
$1,150,000 - $1,199,999
1
34
10 10
$1,250,000 - $1,299,999
$1,100,000 - $1,149,999
27
22
$1,500,000 - $1,699,999
$1,200,000 - $1,249,999
Total Sales: 214
5
10 8
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,499
$1,350,000
4
3
77
63
122%
3,500 - 4,499
$1,700,000
4
4
73
52
140%
4,500 - 5,499
$2,275,000
4
5
35
40
88%
5,500 - 6,499
$3,900,000
4
5
17
40
43%
6,500 - 7,499
$4,300,000
5
7
6
17
35%
7,500+
$4,650,000
5
7
6
29
21%
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
$1,650,000
$1,655,000
$1,480,750
$1,549,500
$1,650,000
$1,575,000
399 316 222
Dec-20
311 154
Jan-21
311 192
Feb-21
268
Mar-21
316
262
Apr-21
290 271
May-21
Inventory
$1,665,000
326
248
Jun-21
$1,550,000
308
Solds
$1,577,768
307 207
Jul-21
$1,575,100
$1,500,000
297
292
174
Aug-21
$1,675,000 $1,487,500
266
Sep-21
Oct-21
241 214
186
185
181
Nov-21
Dec-21
MEDIAN DATA REVIEW | DECEMBER TOTAL INVENTORY Dec. 2020
Dec. 2021
399
241 VARIANCE: -40 % SALE PRICE PER SQFT. Dec. 2020
Dec. 2021
458 VARIANCE: 29 %
$
356
$
TOTAL SOLDS Dec. 2020
SALES PRICE
Dec. 2021
222
214 VARIANCE: -4 %
Dec. 2020
SALE TO LIST PRICE RATIO Dec. 2020
1.48m
$
Dec. 2021
97.17% 100.00% VARIANCE: 3 %
Dec. 2021
1.68m VARIANCE: 13 % $
DAYS ON MARKET Dec. 2020
Dec. 2021
61
32 VARIANCE: -48 %
SCOTTSDALE MARKET SUMMARY | DECEMBER 2021 • The Scottsdale single-family luxury market is a Seller's Market with a 89% Sales Ratio. • Homes sold for a median of 100.00% of list price in December 2021. • The most active price band is $1,200,000-$1,249,999, where the sales ratio is 240%. • The median luxury sales price for single-family homes is $1,675,000. • The median days on market for December 2021 was 32 days, down from 61 in December 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.
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SCOTTSDALE
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | DECEMBER 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
1
Total Inventory: 64
0 0
$2,000,000 - $2,199,999
$1,800,000 - $1,999,999
13
2
Total Sales: 82 1
0
2
Seller's Market
2
Total Sales Ratio2: 128%
$1,600,000 - $1,799,999
5
3
5
$1,400,000 - $1,599,999 $1,200,000 - $1,399,999
9
3 2
$1,000,000 - $1,199,999 $900,000 - $999,999
6
1
10 4
8
$800,000 - $899,999 4
$750,000 - $799,999
10
2
$700,000 - $749,999
7 7
$650,000 - $699,999
9
2
$600,000 - $649,999
1
12
14
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,499
$702,500
2
2
11
15
73%
1,500 - 1,999
$735,000
2
2
31
20
155%
2,000 - 2,499
$825,000
3
3
28
8
350%
2,500 - 2,999
$1,052,500
3
3
8
4
200%
3,000 - 3,499
$868,000
3
4
3
9
33%
3,500+
$3,769,000
3
5
1
8
13%
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
$690,000
$725,000
$722,500
149
121
105 69
Dec-20
76
52
Jan-21
Feb-21
$760,000
$750,000
114
103 104
93
Mar-21
Apr-21
Inventory
$725,000
$725,000
88
93
88
May-21
98
Jun-21
$787,500
82
70
Jul-21
Solds
$750,000
$749,975
$774,000
$781,000
83
85
78
78
60
Aug-21
48
Sep-21
62
Oct-21
$805,000
72
64
Nov-21
82
Dec-21
MEDIAN DATA REVIEW | DECEMBER TOTAL INVENTORY Dec. 2020
Dec. 2021
149
TOTAL SOLDS Dec. 2020
Dec. 2021
64 VARIANCE: -57 %
82 VARIANCE: 19 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Dec. 2020
Dec. 2021
413 VARIANCE: 20 %
$
343
$
69
Dec. 2020
Dec. 2021
98.87% 99.16% VARIANCE: 0 %
SALES PRICE Dec. 2020
$
690k
Dec. 2021
805k VARIANCE: 17 % $
DAYS ON MARKET Dec. 2020
Dec. 2021
34
39 VARIANCE: 15 %
SCOTTSDALE MARKET SUMMARY | DECEMBER 2021 • The Scottsdale attached luxury market is a Seller's Market with a 128% Sales Ratio. • Homes sold for a median of 99.16% of list price in December 2021. • The most active price band is $600,000-$649,999, where the sales ratio is 700%. • The median luxury sales price for attached homes is $805,000. • The median days on market for December 2021 was 39 days, up from 34 in December 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.
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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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