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SCOTTSDALE ARIZO N A www.LuxuryHomeMarketing.com
2022
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | FEBRUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,100,000 $4,500,000+
56
9
$3,900,000 - $4,499,999 $3,500,000 - $3,899,999
17
11
17
1
$3,100,000 - $3,499,999
10
Total Sales Ratio2: 99%
12 12
13
$1,900,000 - $2,299,999
31
9
$1,700,000 - $1,899,999
21 17
$1,500,000 - $1,699,999 4
$1,400,000 - $1,499,999
30
16
7
$1,300,000 - $1,399,999
21 10
$1,250,000 - $1,299,999
11
5
$1,200,000 - $1,249,999
1
Seller's Market 25
$2,300,000 - $2,699,999
$1,100,000 - $1,149,999
Total Sales: 215 18
9
$2,700,000 - $3,099,999
$1,150,000 - $1,199,999
Total Inventory: 218
13
2
9
6
11
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,499
$1,317,500
4
3
90
47
191%
3,500 - 4,499
$1,918,000
4
4
70
51
137%
4,500 - 5,499
$2,055,000
4
5
29
38
76%
5,500 - 6,499
$3,330,000
5
5
14
28
50%
6,500 - 7,499
$4,387,500
5
6
5
18
28%
7,500+
$4,150,000
6
7
7
36
19%
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
$1,655,000
311
$1,549,500
311
268
$1,650,000
316
262
$1,575,000
290 271
192
Feb-21
Mar-21
Apr-21
May-21
$1,665,000
326
248
Jun-21
$1,550,000
308
Inventory
$1,577,768
307 207
Jul-21
$1,500,000
$1,575,100
297
292
Sep-21
$1,675,000
Oct-21
$1,682,500
$1,675,000
$1,487,500
266 185
181
174
Aug-21
Solds
241
186
Nov-21
214
217
Dec-21
218 215
180
Jan-22
Feb-22
MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2021
Feb. 2022
311
218 VARIANCE: -30 % SALE PRICE PER SQFT. Feb. 2021
Feb. 2022
378
482 VARIANCE: 28 %
$
$
TOTAL SOLDS Feb. 2021
SALES PRICE
Feb. 2022
192
215 VARIANCE: 12 %
Feb. 2021
$
SALE TO LIST PRICE RATIO Feb. 2021
Feb. 2022
97.65% 100.00% VARIANCE: 2 %
1.66m
Feb. 2022
1.68m VARIANCE: 1 % $
DAYS ON MARKET Feb. 2021
Feb. 2022
54
26 VARIANCE: -52 %
SCOTTSDALE MARKET SUMMARY | FEBRUARY 2022 • The Scottsdale single-family luxury market is a Seller's Market with a 99% Sales Ratio. • Homes sold for a median of 100.00% of list price in February 2022. • The most active price band is $1,150,000-$1,199,999, where the sales ratio is 450%. • The median luxury sales price for single-family homes is $1,675,000. • The median days on market for February 2022 was 26 days, down from 54 in February 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.
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SCOTTSDALE
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | FEBRUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $600,000 $2,600,000+ $2,400,000 - $2,599,999 $2,200,000 - $2,399,999
23
0 4
0 0
$2,000,000 - $2,199,999
$1,800,000 - $1,999,999
1
Total Sales: 68
1 1
Seller's Market
4
2
$1,200,000 - $1,399,999
11
3 3
$1,000,000 - $1,199,999 $900,000 - $999,999
4
1
$1,400,000 - $1,599,999
Total Sales Ratio2: 86%
3
1
$1,600,000 - $1,799,999
Total Inventory: 79
0
9
3
12
$800,000 - $899,999 $750,000 - $799,999 3 3 1
$650,000 - $699,999
1
9
7
$700,000 - $749,999
$600,000 - $649,999
13
11
0
14
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,499
$830,000
2
2
11
12
92%
1,500 - 1,999
$680,000
2
2
31
10
310%
2,000 - 2,499
$885,000
3
3
19
23
83%
2,500 - 2,999
$888,000
3
4
3
13
23%
3,000 - 3,499
$1,150,000
3
4
3
9
33%
3,500+
$1,417,000
3
4
1
12
8%
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
$722,500
121
$760,000
114 76
Feb-21
$750,000
103 104
93
Mar-21
Apr-21
Inventory
$787,500 $725,000
88
88
May-21
$725,000
93
98
Jun-21
82
70
Jul-21
$750,000
$749,975
83
85 60
Aug-21
Solds
$774,000
$781,000
78
78
48
Sep-21
62
Oct-21
$805,000
72
64
Nov-21
82
$792,500
$780,000
71
79
Dec-21
66
Jan-22
68
Feb-22
MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2021
Feb. 2022
121
TOTAL SOLDS Feb. 2021
Feb. 2022
79 VARIANCE: -35 %
68 VARIANCE: -11 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Feb. 2021
$
Feb. 2022
370
412 VARIANCE: 11 % $
76
Feb. 2021
Feb. 2022
99.26% 100.05% VARIANCE: 1 %
SALES PRICE Feb. 2021
$
723k
Feb. 2022
780k VARIANCE: 8 % $
DAYS ON MARKET Feb. 2021
Feb. 2022
37
18 VARIANCE: -51 %
SCOTTSDALE MARKET SUMMARY | FEBRUARY 2022 • The Scottsdale attached luxury market is a Seller's Market with a 86% Sales Ratio. • Homes sold for a median of 100.05% of list price in February 2022. • The most active price band is $650,000-$699,999, where the sales ratio is 1100%. • The median luxury sales price for attached homes is $780,000. • The median days on market for February 2022 was 18 days, down from 37 in February 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