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
Colin
“In two words, Sharon is an absolute “All Star”. As an out-of-state seller of an investment property, I knew I was in great hands from the word go. Sharon and her team took care of absolutely everything, all in a highly efficient and professional manner. Most importantly, Sharon was able to get me top dollar for the property, over the listing price, literally days after the house went on the market. Without a doubt, the best home selling experience I have ever had. If you want the best agent in the market working for you, Sharon should be your first and only choice.”
DylanChrisS.T.S.
“After terminating my existing agreement I found Sharon through a mutual friend. Being remote in Canada poses big challenges when selling a condo. Expectations to go ‘over & above’ mean more time, planning and sweat equity. We established expectations early and I was clear this sale wouldn’t be easy - Sharon never wavered. From day one when we partnered she assessed the quality of the current pictures taken, problem areas, renovations required and made immediate recommendations to ensure best value..”
After the Assessment and/or honeymoon phase I was sold on her professionalism and local knowledge. I invested a small amount of money which she project managed since I was remote handling all contractors, invoices and schedules. After successful conclusion we sold the Condo over asking... Not only was I thrilled with the financial outcome, the willingness to immerse herself in the project showed her commitment and ability to yield big results...
Find Us and Subscribe on YouTube: Arizona Home Group www.ArizonaHomeGroup.com Your Luxury Expert Team
Sharon Coffini
REALTOR® SharonAHG@gmail.com 480.225.5710
Thank-You Sharon for the great experience.....”
“First time home buyer and Sharon & her team couldn’t be any more helpful. From teaching me about the home buying process to applying their expertise, I was able to get the perfect home in my budget even in this market. If you are in need of a realtor in the valley, your search stops here as you wont find anyone better.”
Born and raised in Pittsburgh, Sharon took a leap of faith with her now husband, Justin, and moved from PA to Phoenix in 2002. She met her now partner, John, when he sold them their first home, where she was instantly intrigued with real estate. She got her license in 2003 and has been a residential specialist since! 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.
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