MAY
Home of the CLHMS
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SCOTTSDALE ARIZO N A www.LuxuryHomeMarketing.com
2022
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | APRIL 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,100,000 $4,500,000+ $3,900,000 - $4,499,999 $3,500,000 - $3,899,999
64
11 18
9 5
$3,100,000 - $3,499,999
11
Total Inventory: 323
19
Total Sales: 295
19
Seller's Market
$2,300,000 - $2,699,999
26
19
26
$1,900,000 - $2,299,999 $1,700,000 - $1,899,999
20
31 12
$1,400,000 - $1,499,999
15
$1,250,000 - $1,299,999 10
$1,200,000 - $1,249,999 $1,150,000 - $1,199,999
44
20
14
$1,300,000 - $1,399,999
1
30
24
$1,500,000 - $1,699,999
$1,100,000 - $1,149,999
Total Sales Ratio2: 91%
25 25
$2,700,000 - $3,099,999
32
20
12
11
14
6
26
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
158
104
152%
3,500 - 4,499
$1,860,000
4
4
62
85
73%
4,500 - 5,499
$2,600,000
4
5
33
59
56%
5,500 - 6,499
$3,212,500
5
6
20
28
71%
6,500 - 7,499
$3,525,000
5
6
10
16
63%
7,500+
$5,637,500
6
7
12
31
39%
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
316
$1,575,000
Apr-21
$1,550,000
326
290 271
262
$1,665,000
308
248
May-21
307 207
Jun-21
$1,577,768
Jul-21
$1,500,000
Aug-21
$1,575,100
297
292 174
Inventory
181
Sep-21
$1,675,000
$1,682,500
$1,675,000
$1,487,500
266
186
185
Oct-21
Solds
241
Nov-21
214
Dec-21
217
$1,615,000
218 215
180
Jan-22
Feb-22
256
$1,600,000
323
297
Mar-22
295
Apr-22
MEDIAN DATA REVIEW | APRIL TOTAL INVENTORY Apr. 2021
Apr. 2022
316
323 VARIANCE: 2 %
SALE PRICE PER SQFT. Apr. 2021
Apr. 2022
507 VARIANCE: 28 %
$
397
$
TOTAL SOLDS Apr. 2021
Apr. 2022
262
295 VARIANCE: 13 %
SALES PRICE Apr. 2021
$
SALE TO LIST PRICE RATIO Apr. 2021
Apr. 2022
1.65m
Apr. 2022
1.60m VARIANCE: -3 % $
DAYS ON MARKET Apr. 2021
100.00% 100.67% VARIANCE: 1 %
Apr. 2022
32
19 VARIANCE: -41 %
SCOTTSDALE MARKET SUMMARY | APRIL 2022 • The Scottsdale single-family luxury market is a Seller's Market with a 91% Sales Ratio. • Homes sold for a median of 100.67% of list price in April 2022. • The most active price band is $1,100,000-$1,149,999, where the sales ratio is 433%. • The median luxury sales price for single-family homes is $1,600,000. • The median days on market for April 2022 was 19 days, down from 32 in April 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 | APRIL 2022 Inventory
Sales
Luxury Benchmark Price 1: $600,000 $2,600,000+
14
0 1
$2,400,000 - $2,599,999 $2,200,000 - $2,399,999
0
$2,000,000 - $2,199,999
0
$1,400,000 - $1,599,999
Total Sales: 107
2
Seller's Market
1
$1,800,000 - $1,999,999 $1,600,000 - $1,799,999
Total Inventory: 113
2
3
Total Sales Ratio2: 95%
4
3
1
6
2 4
$1,200,000 - $1,399,999
$1,000,000 - $1,199,999
12 14
6 7
$900,000 - $999,999
9
17
$800,000 - $899,999 $750,000 - $799,999
14
7
$700,000 - $749,999
9
$650,000 - $699,999
9
14 12
11
$600,000 - $649,999
1
23
13
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
26
16
163%
1,500 - 1,999
$740,000
2
2
40
41
98%
2,000 - 2,499
$899,000
3
3
27
30
90%
2,500 - 2,999
$1,476,374
3
3
12
10
120%
3,000 - 3,499
$1,200,000
3
3
1
7
14%
3,500+
$1,175,000
4
6
1
9
11%
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
$750,000
103 104
Apr-21
$725,000
$725,000
88
93
88
May-21
$787,500
98
82
Jun-21
70
Jul-21
Inventory
$750,000
$749,975
$774,000
$781,000
83
85
78
78
60
Aug-21
48
Sep-21
62
Oct-21
72
Solds
$805,000
64
Nov-21
82
Dec-21
$792,500
71
$780,000
79
66
Jan-22
68
Feb-22
$830,000
$785,000
87
113 107
107
Mar-22
Apr-22
MEDIAN DATA REVIEW | APRIL TOTAL INVENTORY Apr. 2021
Apr. 2022
103
113 VARIANCE: 10 %
SALE PRICE PER SQFT. Apr. 2021
Apr. 2022
359
464 VARIANCE: 29 %
$
$
TOTAL SOLDS Apr. 2021
Apr. 2022
104
107 VARIANCE: 3 %
SALE TO LIST PRICE RATIO Apr. 2021
Apr. 2022
100.00% 100.00% VARIANCE: 0 %
SALES PRICE Apr. 2021
750k
$
Apr. 2022
830k VARIANCE: 11 % $
DAYS ON MARKET Apr. 2021
Apr. 2022
36
22 VARIANCE: -39 %
SCOTTSDALE MARKET SUMMARY | APRIL 2022 • The Scottsdale attached luxury market is a Seller's Market with a 95% Sales Ratio. • Homes sold for a median of 100.00% of list price in April 2022. • The most active price band is $1,200,000-$1,399,999, where the sales ratio is 300%. • The median luxury sales price for attached homes is $830,000. • The median days on market for April 2022 was 22 days, down from 36 in April 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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