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SCOTTSDALE ARIZONA
www.LuxuryHomeMarketing.com
2022 DECEMBER
Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 3,499 $1,300,000 4 3 63 306 21% 3,500 - 4,499 $1,675,000 4 4 33 213 15% 4,500 - 5,499 $2,500,000 5 5 21 98 21% 5,500 - 6,499 $4,312,500 4 6 6 64 9% 6,500 - 7,499 $3,950,000 6 6 2 39 5% 7,500+ $6,250,000 7 9 4 40 10% SCOTTSDALE SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | NOVEMBER 2022 1 $1,100,000 Balanced Market 760 129 17% 2: 2 ®
MEDIAN DATA REVIEW | NOVEMBER 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 3 • The Scottsdale single-family luxury market is a Balanced Market with a 17% Sales Ratio. • Homes sold for a median of 96.52% of list price in November 2022. • The most active price band is $1,500,000-$1,699,999, where the sales ratio is 36% • The median luxury sales price for single-family homes is $1,625,000. • The median days on market for November 2022 was 46 days, up from 33 in November 2021. SCOTTSDALE SINGLE - FAMILY HOMES SCOTTSDALE MARKET SUMMARY | NOVEMBER 2022 VARIANCE: 186 % 266 760 Nov. 2021 Nov. 2022 TOTAL INVENTORY VARIANCE: - 31 % 186 129 TOTAL SOLDS VARIANCE: 9 % $1.49m $1.63m SALES PRICE VARIANCE: 39 % 33 46 DAYS ON MARKET VARIANCE: - 3 % 100.00% 96.52% SALE TO LIST PRICE RATIO VARIANCE: 12 % $432 $483 SALE PRICE PER SQFT. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022
Inventory Sales SCOTTSDALE ATTACHED HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $650,000 2 2 4 42 10% 1,500 - 1,999 $700,000 2 2 23 60 38% 2,000 - 2,499 $1,022,500 3 3 12 64 19% 2,500 - 2,999 $1,050,000 3 3 5 29 17% 3,000 - 3,499 $2,392,913 3 4 1 10 10% 3,500+ $1,100,000 4 3 1 9 11% LUXURY INVENTORY VS. SALES | NOVEMBER 2022 1 $600,000 Seller's Market 214 46 21% 2: 2 ®
Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Solds Sale Price Inventory 3 13 - MONTH LUXURY MARKET TREND 4 VARIANCE: 174 % 78 214 VARIANCE: - 36 % 72 46 VARIANCE: 4 % $781k $814k SALES PRICE VARIANCE: 42 % 24 34 DAYS ON MARKET VARIANCE: - 3 % 100.00% 96.68% SALE TO LIST PRICE RATIO VARIANCE: 7 % $394 $420 SALE PRICE PER SQFT. SCOTTSDALE MARKET SUMMARY | NOVEMBER 2022 SCOTTSDALE ATTACHED HOMES • The Scottsdale attached luxury market is a Seller's Market with a 21% Sales Ratio. • Homes sold for a median of 96.68% of list price in November 2022. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 86% • The median luxury sales price for attached homes is $813,750. • The median days on market for November 2022 was 34 days, up from 24 in November 2021. Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 Nov. 2021 Nov. 2022 MEDIAN DATA REVIEW | NOVEMBER TOTAL INVENTORY TOTAL SOLDS
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 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:
“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.”
“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... 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.”
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Sharon Coffini REALTOR® SharonAHG@gmail.com 480.225.5710
Colin S.
Chris T. Dylan S.