SC O T T S D A L E ARI ZO N A –May 2018–
Presented by:
The Lifestyle Collection
at Keller Williams Luxury Property www.LifestyleCollectionRe.com 602-603-0708
SCOTTSDALE
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | APRIL 2018 Inventory
Sales
Luxury Benchmark Price 1: $950,000 $4,950,000+
103
2
$4,350,000 - $4,949,999 $3,850,000 - $4,349,999
$2,550,000 - $2,949,999 $2,250,000 - $2,549,999 $1,950,000 - $2,249,999
$1,750,000 - $1,949,999 $1,550,000 - $1,749,999 $1,350,000 - $1,549,999 $1,250,000 - $1,349,999
$1,150,000 - $1,249,999 $1,050,000 - $1,149,999 $950,000 - $1,049,999
Total Inventory: 1,394 47
2
$3,350,000 - $3,849,999
$2,950,000 - $3,349,999
28
7
Total Sales: 136 Buyer's Market
60
7
Total Sales Ratio2: 10%
70
4
85
7
111
7
123
7 111
7
144
11
147
10 89
11
89
17 79
18
108
19
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$1,150,750
3
3
2
35
6%
3,000 - 3,999
$1,090,000
4
4
29
226
13%
4,000 - 4,999
$1,245,000
4
4
45
387
12%
5,000 - 5,999
$1,395,000
4
5
19
289
7%
6,000 - 6,999
$2,393,750
5
6
20
186
11%
7,000+
$3,500,000
5
7
21
271
8%
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
$1,400,000
1,024
$1,474,500
1,018
114 Apr-17
$1,350,000
$1,400,000
$1,450,000
1,005
1,004
1,063
138
124 May-17
Jun-17
94
Jul-17
$1,340,000
Inventory
$1,450,000 $1,280,000
1,329
1,217
Solds
$1,350,000
1,292
$1,430,000
$1,408,000
$1,375,000
$1,390,000
1,433
1,468
1,473
1,394
912
91
79
Aug-17
Sep-17
78
Oct-17
97
95
Nov-17
Dec-17
103
152
89
Jan-18
Feb-18
Mar-18
136 Apr-18
MEDIAN DATA INVENTORY March
April
1,473
1,394 VARIANCE: -5 %
SALE PRICE PER SQFT. March
April
308 VARIANCE: -2 %
$
315
$
SOLDS March
SALES PRICE April
152
136 VARIANCE: -11 % SALE TO LIST PRICE RATIO March
April
94.98% 95.83% VARIANCE: 1 %
March
1.38m
$
April
1.39m VARIANCE: 1 % $
DAYS ON MARKET March
April
124
111 VARIANCE: -10 %
SCOTTSDALE MARKET SUMMARY | APRIL 2018 • The Scottsdale single-family luxury market is a Buyer's Market with a 10% Sales Ratio. • Homes sold for a median of 95.83% of list price in April 2018. • The most active price band is $4,350,000-$4,949,999, where the sales ratio is 25%. • The median luxury sales price for single-family homes has increased to $1,390,000. • The median days on market for April 2018 was 111 days, down from 124 in March 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 | APRIL 2018 Inventory
Sales
Luxury Benchmark Price 1: $500,000 $1,000,000+ $950,000 - $999,999
4
0
$800,000 - $849,999 $750,000 - $799,999
Total Inventory: 159
2 2
$900,000 - $949,999 $850,000 - $899,999
26
4
Total Sales: 41
1 1
11
Seller's Market
11
Total Sales Ratio2: 26%
8
1
$700,000 - $749,999
10
4
$650,000 - $699,999
14
4
$600,000 - $649,999
11
2
$550,000 - $599,999 $540,000 - $549,999 $530,000 - $539,999
$520,000 - $529,999
6
1
6
1
12
1
$510,000 - $519,999 $500,000 - $509,999
32
13
3
1
5
3
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$560,000
2
2
10
37
27%
2,000 - 2,499
$627,500
3
3
14
63
22%
2,500 - 2,999
$584,500
3
4
12
25
48%
3,000 - 3,499
$987,500
3
4
2
21
10%
3,500 - 3,999
$1,161,500
3
4
2
6
33%
4,000+
$2,175,000
5
7
1
7
14%
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
$587,500
101
$575,000
$575,000
98
92 28
26
Apr-17
May-17
$574,326
Jun-17
20
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
Solds
$640,000
169
24
30
Nov-17
Dec-17
$615,000
$598,000
196
187
23 Jan-18
$651,500
$595,000
176
159
29
41
41
Feb-18
Mar-18
Apr-18
MEDIAN DATA INVENTORY March
April
176
159 VARIANCE: -10 % SALE PRICE PER SQFT. March
$
April
287
273 VARIANCE: -5 % $
SOLDS March
SALES PRICE April
41
41 VARIANCE: 0 %
SALE TO LIST PRICE RATIO March
April
97.50% 97.75% VARIANCE: 0 %
March
652k
$
April
595k VARIANCE: -9 % $
DAYS ON MARKET March
85
55 VARIANCE: -35 %
SCOTTSDALE MARKET SUMMARY | APRIL 2018 • The Scottsdale attached luxury market is a Seller's Market with a 26% Sales Ratio. • Homes sold for a median of 97.75% of list price in April 2018. • The most active price band is $500,000-$509,999, where the sales ratio is 300%. • The median luxury sales price for attached homes has decreased to $595,000. • The median days on market for April 2018 was 55 days, down from 85 in March 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
April