www.LuxuryHomeMarketing.com SCOTTSDALE ARIZONA Home of the CLHMS TM 2022 AUGUST
65 33 30 25 45 42 67 58 61 46 41 35 22 41 28 6 3 4 5 12 7 15 13 21 13 14 6 5 10 9 $4,500,000+ $3,900,000 - $4,499,999 $3,500,000 - $3,899,999 $3,100,000 - $3,499,999 $2,700,000 - $3,099,999 $2,300,000 - $2,699,999 $1,900,000 - $2,299,999 $1,700,000 - $1,899,999 $1,500,000 - $1,699,999 $1,400,000 - $1,499,999 $1,300,000 - $1,399,999 $1,250,000 - $1,299,999 $1,200,000 - $1,249,999 $1,150,000 - $1,199,999 $1,100,000 - $1,149,999 Inventory Sales Square-Range-Feet3 -MedianPriceSold- -MedianBedsSold- -MedianBathsSold- -Total-Sold Inventory-Total- Sales -Sold/Inventory-Ratio 0 - 3,499 $1,362,500 4 3 81 266 30% 3,500 - 4,499 $1,950,000 4 4 33 185 18% 4,500 - 5,499 $2,737,500 4 5 16 88 18% 5,500 - 6,499 $2,650,000 5 6 6 42 14% 6,500 - 7,499 $5,700,000 6 7 2 27 7% 7,500+ $5,575,000 5 7 5 31 16% SCOTTSDALE SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | JULY 2022 Luxury Benchmark Price 1: $1,100,000 Seller's Market639Total Inventory: 143Total Sales: 22%Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defnes 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.
MEDIAN DATA REVIEW | JULY 13 - MONTH LUXURY MARKET TREND 4 SoldsMedian Sales Price Inventory 308 307 292 297 266 241 217 218 256 323 480 625 639 207 174 181 185 186 214 180 215 297 295 269 234 143 $1,550,000 $1,577,768 $1,500,000 $1,575,100 $1,487,500 $1,675,000 $1,682,500 $1,675,000 $1,615,000 $1,600,000 $1,640,000 $1,664,781 $1,615,600 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. • The Scottsdale single-family luxury market is a Seller's Market with a 22% Sales Ratio • Homes sold for a median of 98.25% of list price in July 2022. • The most active price band is $1,500,000-$1,699,999, where the sales ratio is 34% • The median luxury sales price for single-family homes is $1,615,600. • The median days on market for July 2022 was 37 days, up from 33 in July 2021. SCOTTSDALE SINGLE FAMILY HOMES SCOTTSDALE MARKET SUMMARY | JULY 2022 VARIANCE: 107 % 308 639 Jul. 2021 Jul. 2022 TOTAL INVENTORY VARIANCE: 31 % 207 143 TOTAL SOLDS VARIANCE: 4 % $1.55m $1.62m SALES PRICE VARIANCE: 12 % 33 37 DAYS ON MARKET VARIANCE: 2 % 100.00% 98.25% SALE TO LIST PRICE RATIO VARIANCE: 20 % $410 $491 SALE PRICE PER SQFT. Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022
8 6 8 12 15 9 5 10 9 15 8 21 21 29 26 0 0 2 2 6 1 1 0 3 4 3 5 2 5 10 $3,000,000+ $2,500,000 - $2,999,999 $2,000,000 - $2,499,999 $1,600,000 - $1,999,999 $1,200,000 - $1,599,999 $1,100,000 - $1,199,999 $1,000,000$600,000$650,000$700,000$750,000$800,000$850,000$900,000$950,000$1,099,999-$999,999-$949,999-$899,999-$849,999-$799,999-$749,999-$699,999-$649,999 Inventory Sales SCOTTSDALE ATTACHED HOMES Square-Range-Feet3 -MedianPriceSold- -MedianBedsSold- -MedianBathsSold- -Total-Sold Inventory-Total- Sales -Sold/Inventory-Ratio 0 - 1,499 $639,000 2 2 7 49 14% 1,500 - 1,999 $646,250 3 2 12 69 17% 2,000 - 2,499 $850,000 2 3 19 57 33% 2,500 - 2,999 $1,785,500 3 4 5 13 38% 3,000 - 3,499 $1,200,000 3 3 1 10 10% 3,500+ NA NA NA 0 4 0% LUXURY INVENTORY VS. SALES | JULY 2022 Luxury Benchmark Price 1: $600,000 Seller's Market202Total Inventory: 44Total Sales: 22%Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defnes 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.
82 83 85 78 78 64 71 79 87 113 139 213 202 70 60 48 62 72 82 66 68 107 107 112 90 44 $787,500 $750,000 $749,975 $774,000 $781,000 $805,000 $792,500 $780,000 $785,000 $830,000 $820,000 $786,500 $799,500 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 SoldsSale Price Inventory 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. 13 - MONTH LUXURY MARKET TREND 4 VARIANCE: 146 % 82 202 VARIANCE: 37 % 70 44 VARIANCE: 2 % $788k $800k SALES PRICE VARIANCE: 18 % 34 28 DAYS ON MARKET VARIANCE: 0 % 99.55% 99.12% SALE TO LIST PRICE RATIO VARIANCE: 2 % $425 $418 SALE PRICE PER SCOTTSDALESQFT. MARKET SUMMARY | JULY 2022 SCOTTSDALE ATTACHED HOMES • The Scottsdale attached luxury market is a Seller's Market with a 22% Sales Ratio • Homes sold for a median of 99.12% of list price in July 2022. • The most active price band is $1,200,000-$1,599,999, where the sales ratio is 40% • The median luxury sales price for attached homes is $799,500. • The median days on market for July 2022 was 28 days, down from 34 in July 2021. Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022 Jul. 2021 Jul. 2022 MEDIAN DATA REVIEW | JULY TOTAL INVENTORY TOTAL SOLDS
john@arizonahomegroup.com
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 A. Sposato PC, CDPE, CIAS ABR, CRS 602.571.3730
“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 to anyone buying and selling a home. Can’t wait to work with them again.”
Catherine K. Sal M. Juli
“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.”
JasonM.A.
“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!”
“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.”
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