SC O T T S D A L E ARI ZO N A –June 2018–
Presented by
The Lifestyle Collection
at Keller Williams Luxury www.LifestyleCollectionRE.com 602-603-0708
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | MAY 2018 Inventory
Sales
Luxury Benchmark Price 1: $950,000 $4,950,000+ $4,350,000 - $4,949,999 $3,850,000 - $4,349,999
84
2 27
5
36
3
$3,350,000 - $3,849,999
73
5
$1,150,000 - $1,249,999 $1,050,000 - $1,149,999
92
13
113
13 98
6
117
9
$1,350,000 - $1,549,999 $1,250,000 - $1,349,999
Total Sales Ratio2: 13%
65
8
$1,950,000 - $2,249,999
$1,550,000 - $1,749,999
Buyer's Market
53
$2,250,000 - $2,549,999
$1,750,000 - $1,949,999
Total Sales: 156
7
$2,950,000 - $3,349,999 $2,550,000 - $2,949,999
Total Inventory: 1,202
128
18 79
9
80
17 59
19
$950,000 - $1,049,999
98
22
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$1,000,000
4
3
3
31
10%
3,000 - 3,999
$1,150,000
4
4
33
190
17%
4,000 - 4,999
$1,357,000
4
5
48
325
15%
5,000 - 5,999
$1,550,000
5
5
27
256
11%
6,000 - 6,999
$2,412,500
5
6
22
163
13%
7,000+
$3,495,000
6
7
23
237
10%
The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. 1
SCOTTSDALE
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$1,474,500
1,018
124 May-17
$1,350,000
$1,400,000
$1,450,000
1,005
1,004
1,063
138
94
Jun-17
Jul-17
$1,340,000
Inventory
$1,450,000 $1,280,000
1,329
1,217
$1,350,000
1,292
Solds
$1,430,000
$1,408,000
$1,375,000
$1,390,000
1,433
1,468
1,473
1,394
$1,465,000
1,202
912
91
79
Aug-17
Sep-17
78
Oct-17
97
95
Nov-17
Dec-17
103 Jan-18
152
89 Feb-18
Mar-18
156
136 Apr-18
May-18
MEDIAN DATA INVENTORY April
May
1,394
1,202 VARIANCE: -14 %
SALE PRICE PER SQFT. April
May
308
$
327 VARIANCE: 6 % $
SOLDS April
SALES PRICE May
136
156 VARIANCE: 15 %
SALE TO LIST PRICE RATIO April
May
95.83% 94.78% VARIANCE: -1 %
April
1.39m
$
May
1.47m VARIANCE: 5 % $
DAYS ON MARKET April
May
111
118 VARIANCE: 6 %
SCOTTSDALE MARKET SUMMARY | MAY 2018 • The Scottsdale single-family luxury market is a Buyer's Market with a 13% Sales Ratio. • Homes sold for a median of 94.78% of list price in May 2018. • The most active price band is $1,050,000-$1,149,999, where the sales ratio is 32%. • The median luxury sales price for single-family homes has increased to $1,465,000. • The median days on market for May 2018 was 118 days, up from 111 in April 2018.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Historical data before August 2017 does not account for listings taken off the market.
3
SCOTTSDALE
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | MAY 2018 Inventory
Sales
Luxury Benchmark Price 1: $500,000 $1,000,000+ $950,000 - $999,999 $900,000 - $949,999
4
2 0
Total Sales: 33
$750,000 - $799,999
6
3
9
2
11
0
$600,000 - $649,999
13
2
$550,000 - $599,999
27
4
8
1
$530,000 - $539,999
7
2
$520,000 - $529,999
6
$510,000 - $519,999 $500,000 - $509,999
Total Sales Ratio2: 22%
10
1
$700,000 - $749,999
Seller's Market
13
2
$800,000 - $849,999
$540,000 - $549,999
Total Inventory: 151
1
$850,000 - $899,999
$650,000 - $699,999
28
3
3
1
8
5
2
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$525,000
3
2
9
32
28%
2,000 - 2,499
$527,100
3
3
9
53
17%
2,500 - 2,999
$760,000
3
3
8
29
28%
3,000 - 3,499
$1,003,500
3
4
4
20
20%
3,500 - 3,999
$661,500
5
4
2
7
29%
4,000+
$1,175,000
4
6
1
10
10%
The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. 1
SCOTTSDALE
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$575,000
$575,000
98
92 26 May-17
$574,326
20
Jun-17
Jul-17
$650,000
$690,000 $580,000
169
160
133
108
97 15
$599,990
Inventory
13
21
Aug-17
Sep-17
21 Oct-17
$640,000
169
24
30
Nov-17
Dec-17
Solds
$615,000
$598,000
196
187
23 Jan-18
$651,500
176
29
41
Feb-18
Mar-18
$595,000
$575,000
159
151
41
33
Apr-18
May-18
MEDIAN DATA INVENTORY April
May
159
SOLDS April
SALES PRICE May
151 VARIANCE: -5 %
33 VARIANCE: -20 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
April
May
273
$
264 VARIANCE: -3 % $
41
April
May
97.75% 97.35% VARIANCE: 0 %
April
595k
$
575k VARIANCE: -3 % $
DAYS ON MARKET April
55
May
63 VARIANCE: 15 %
SCOTTSDALE MARKET SUMMARY | MAY 2018 • The Scottsdale attached luxury market is a Seller's Market with a 22% Sales Ratio. • Homes sold for a median of 97.35% of list price in May 2018. • The most active price band is $500,000-$509,999, where the sales ratio is 200%. • The median luxury sales price for attached homes has decreased to $575,000. • The median days on market for May 2018 was 63 days, up from 55 in April 2018.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Historical data before August 2017 does not account for listings taken off the market.
3
May