FEBRUARY Home of the CLHMS
TM
SCOTTSDALE ARIZO N A www.LuxuryHomeMarketing.com
2022
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,100,000 57
$4,500,000+
5 17
$3,900,000 - $4,499,999
5
10 11 16
$2,300,000 - $2,699,999
12
13
$1,900,000 - $2,299,999
28 17
$1,700,000 - $1,899,999
16 9
$1,500,000 - $1,699,999
24 13
$1,400,000 - $1,499,999
9
12
$1,300,000 - $1,399,999
$1,100,000 - $1,149,999
1
Total Sales Ratio2: 83%
17
$2,700,000 - $3,099,999
$1,150,000 - $1,199,999
Seller's Market
16
$3,100,000 - $3,499,999
$1,200,000 - $1,249,999
Total Sales: 180
17
$3,500,000 - $3,899,999
$1,250,000 - $1,299,999
Total Inventory: 217
2
29 8
1 1 10 2 9
2 9
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,499
$1,351,000
4
3
77
49
157%
3,500 - 4,499
$1,790,000
4
4
59
49
120%
4,500 - 5,499
$2,225,000
4
5
20
27
74%
5,500 - 6,499
$3,100,000
5
6
13
37
35%
6,500 - 7,499
$3,200,000
5
6
3
20
15%
7,500+
$3,450,000
5
7
8
35
23%
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
$1,655,000 $1,549,500
311 154
Jan-21
311
$1,650,000
316
268
262
$1,575,000
290 271
$1,665,000 $1,550,000
326
308
248
192
Feb-21
Mar-21
Apr-21
May-21
Inventory
Jun-21
$1,577,768
307 207
Jul-21
Solds
$1,500,000
297
292
Sep-21
$1,675,000
266
Oct-21
$1,682,500
$1,487,500
241
186
185
181
174
Aug-21
$1,575,100
Nov-21
217
214
Dec-21
180
Jan-22
MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021
Jan. 2022
316
217 VARIANCE: -31 % SALE PRICE PER SQFT. Jan. 2021
Jan. 2022
379
461 VARIANCE: 22 %
$
$
TOTAL SOLDS Jan. 2021
SALES PRICE
Jan. 2022
154
180 VARIANCE: 17 %
Jan. 2021
$
SALE TO LIST PRICE RATIO Jan. 2021
Jan. 2022
97.12% 100.00% VARIANCE: 3 %
1.65m
Jan. 2022
1.68m VARIANCE: 2 % $
DAYS ON MARKET Jan. 2021
Jan. 2022
64
31 VARIANCE: -52 %
SCOTTSDALE MARKET SUMMARY | JANUARY 2022 • The Scottsdale single-family luxury market is a Seller's Market with a 83% Sales Ratio. • Homes sold for a median of 100.00% of list price in January 2022. • The most active price band is $1,200,000-$1,249,999, where the sales ratio is 1000%. • The median luxury sales price for single-family homes is $1,682,500. • The median days on market for January 2022 was 31 days, down from 64 in January 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 | JANUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $600,000 23
$2,600,000+
2 4
$2,400,000 - $2,599,999 $2,200,000 - $2,399,999
0 0
$2,000,000 - $2,199,999
0 0
$1,800,000 - $1,999,999
Total Inventory: 71
1
Total Sales: 66 Seller's Market
0 1
$1,600,000 - $1,799,999
2
10
$1,400,000 - $1,599,999
3 8
$1,200,000 - $1,399,999
4 2
$1,000,000 - $1,199,999
5 2
$900,000 - $999,999
7
7
$800,000 - $899,999
9 3
$750,000 - $799,999
$700,000 - $749,999 $650,000 - $699,999 $600,000 - $649,999
1
Total Sales Ratio2: 93%
6
10 0 5 2 11
3 7
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,499
$650,000
2
2
11
12
92%
1,500 - 1,999
$747,500
2
2
28
19
147%
2,000 - 2,499
$862,500
3
3
16
10
160%
2,500 - 2,999
$1,015,000
3
3
9
8
113%
3,000 - 3,499
$2,750,000
2
4
2
7
29%
3,500+
NA
NA
NA
0
15
0%
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
$725,000
$760,000
$722,500
121
105
114 93
$750,000
103 104
76
Inventory
$787,500 $725,000
88
88
$725,000
93
98
82
70
$750,000
$749,975
83
85 60
52
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Solds
Aug-21
$774,000
$781,000
78
78
48
Sep-21
62
Oct-21
72
Nov-21
$805,000
$792,500
82
71
64
Dec-21
66
Jan-22
MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021
Jan. 2022
105
TOTAL SOLDS Jan. 2021
Jan. 2022
71 VARIANCE: -32 %
66 VARIANCE: 27 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Jan. 2021
Jan. 2022
379
431 VARIANCE: 14 %
$
$
52
Jan. 2021
Jan. 2022
98.58% 99.40% VARIANCE: 1 %
SALES PRICE Jan. 2021
$
725k
Jan. 2022
793k VARIANCE: 9 % $
DAYS ON MARKET Jan. 2021
Jan. 2022
51
36 VARIANCE: -29 %
SCOTTSDALE MARKET SUMMARY | JANUARY 2022 • The Scottsdale attached luxury market is a Seller's Market with a 93% Sales Ratio. • Homes sold for a median of 99.40% of list price in January 2022. • The most active price band is $650,000-$699,999, where the sales ratio is 550%. • The median luxury sales price for attached homes is $792,500. • The median days on market for January 2022 was 36 days, down from 51 in January 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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Your Luxury Expert Team 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, Sharon and the team have delivered world class service to thousands of clients, helping buyers and sellers make an educated decisions and negotiating the best prices. Let us 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: “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.” Colin 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... Chris T. 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.” Dylan S.
Sharon Coffini REALTOR® SharonAHG@Gmail.com 480.225.5710
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