July's Market Stats by waltdanleycire

Walt Danle y

Christie ’s international Real Estate Northeast Valley – Luxury Market Summary – July 2021 This summary analyzes single family homes over $500,000 in all areas of the Northeast Valley, including Scottsdale, Paradise Valley, Arcadia, Biltmore, Carefree, Cave Creek, Fountain Hills and Rio Verde. SUPPLY There was another slight dip in the active listing count during This Year 1,264 the last month. On June 1st we had 1,285 active listings over Last Year 2,170 $500,000 and by July 1st this had fallen to 1,264. Supply has held very steady around this level for the last three months, but it is 42% below this time last year and inventory is at the lowest level we have ever recorded. The supply picture varies by price range. Homes between $500,000 and $1 million have seen supply fall 45% compared to a year ago, but the supply is now increasing. Between $1 million and $2 million supply is down 50%, which results from a very steep decline over the past nine months. Meanwhile listings over $2 million are now down 27%, a declining trend which only started eight months ago. However, the top end still has better supply than the ranges under $2 million. Almost all active listings are normal with just seven pre-foreclosures and no lender-owned properties. Active Listings

DEMAND - SALES The level of closing activity across the luxury market remains Sales extremely high though it fell back slightly between May and This Year 886 June. June gave us 873 closed listings, up 51% from June Last Year 579 2020. Record levels for the month of June were recorded in every price range, except $500,000 to $600,000. The higher up you look, the greater the annual increase in closed listings, with the range over $3 million up 311% from 17 to 70. DEMAND – UNDER CONTRACT We can anticipate future sales by looking at homes under # Homes Under Contract contract. We started July 2021 with 960 listings under This Year 960 contract, which is down 13% from last month, and represents Last Year 944 the third sign of buyer fatigue in 2021. It is still up only 1.8% compared with July 1st, 2020. We are likely to see closing numbers during July that are only slightly higher than July 2020. The numbers get stronger as we move up the price ranges. Homes under $1 million are down 12% but homes over $2 million are up from 123 last year to 202 in 2021. Normal sales comprise 99.5% of luxury homes in escrow, up from 99.0% last year. CONTINUED ON BACK...

Paradise Valley Office: 480.991.2050 Scottsdale Office: 480.909.4577 WaltDanley.com Information contained in this report has been prepared by The Cromford Report exclusively for Walt Danley Realty and their clients. All other use is expressly forbidden. © 2021

SALES PRICING Due to relatively low volumes and a wide range of price points, the Northeast Valley luxury market can display a lot of volatility if measured monthly. We therefore prefer to measure price per sq. ft. over a longer period to identify trends more accurately. The twelve-month average currently stands at $362, up 20% from $302 in June 2020. The six-month average stands at $392, up 26% from $312 in June 2020 and the three-month average stands at $410, up 33% from $308 in June 2020. The appreciation rates have been accelerating over the last eleven months since July last year and are today at their highest level. UNDER CONTRACT PRICING The average under contract price per square foot stands at $435, up only slightly from $434 last month but far higher than the $335 in July 2020. Prices have been accelerating much faster in 2021 than 2020, but it looks like July will show a smaller increase in average pricing when compared to both July 2020 and June 2021. The average under contract price for normal listings is $436 per sq. ft. Short sales and pre-foreclosures average $323 per sq. ft. The tiny number of lender-owned homes average $220 per sq. ft.

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Arcadia July, 2021

The number of active listings in Arcadia fell from 41 to an extreme low of 29 during June, down from 92 twelve months ago. All listings are normal. Closed sales fell back to 20 down from 27 in June 2020. Average price per sq. ft. was strong again last month. The twelve-month average has risen 21% from $405 to $490 over the last twelve months. The six-month moving average has risen from $419 to $515, while the more volatile three-month moving average surged 30% from $414 to $538.

Information is power and the real estate professionals of Walt Danley Christie’s International Real Estate are committed to providing our clientele with the most up-to-date market intelligence available. The information contained in this report has been compiled from the Arizona Regional Multiple Listing Service and various public records. This data is then scrubbed and analyzed in conjunction with The Cromford Report exclusively for the use of Walt Danley Realty and our clients. Paradise Valley Office: 480.991.2050 Scottsdale Office: 480.909.4577 WaltDanley.com Information contained in this report has been prepared by Walt Danley Realty in conjunction with The Cromford Report exclusively for WDR and their clients. All other use is expressly forbidden. © 2021

Arcadia - July 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $600 $550 $500 $450 $400 $350 $300 $250 $200 $150

Jun‐04 Dec‐04 Jun‐05 Dec‐05 Jun‐06 Dec‐06 Jun‐07 Dec‐07 Jun‐08 Dec‐08 Jun‐09 Dec‐09 Jun‐10 Dec‐10 Jun‐11 Dec‐11 Jun‐12 Dec‐12 Jun‐13 Dec‐13 Jun‐14 Dec‐14 Jun‐15 Dec‐15 Jun‐16 Dec‐16 Jun‐17 Dec‐17 Jun‐18 Dec‐18 Jun‐19 Dec‐19 Jun‐20 Dec‐20 Jun‐21

6 Month Avg

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

Oct‐19

Sep‐19

Aug‐19

Jul‐19

Jun‐19

120 100 80 60 40 20 0

Closed

This graph shows the number of homes that were active in the area as of the 15th of the previous month. It also shows the number of offers that were accepted and the number of transactions that were closed within the entire month.

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$500K

$1.0M

$1.5M

$2.0M

Active

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold ‐ Last 12 Month

$3.0M

$3.5M

$3,184,321

Under contract

<90

$2.5M

$2,852,159

$2,071,485

The average list price of Active listings is measured the 15th of each month. Note: The “Under Contract” price is the list price, not the contract price. The contract price is not revealed until the transaction closes.

Paradise Valley Office: 480.991.2050 Scottsdale Office: 480.909.4577 WaltDanley.com Information contained in this report has been prepared by Walt Danley Realty in conjunction with The Cromford Report exclusively for WDR and their clients. All other use is expressly forbidden. © 2021

Arcadia - July 2021 Market Activity by Price Range 12

6 4 2

<$750K

$0.75‐$1.25M

Active

New This Month

$1.25‐2M

$2M+

Offers Accepted This Month

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply 12

0.3

$2M+

$300 $200

$554

$652

$581

$535

$532

$431

$1.25‐2M

$400

$393

0.3

$500

$290

$0.75‐$1.25M

$633

$600

3.0

$450

<$750K

$700

$567

Average Price per Square Foot by Price Range

$100 $0

1.0

<$750K

$0.75‐$1.25M Active

$1.25‐2M

Under contract

$2M+

Sold ‐ Last 12 Mo

Figures for Active and Under Contract were compiled on the 15th of the previous month. Note: The “Under Contract” price is the list price, not the contract price. The contract price is not revealed until the transaction closes.

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Feb

Mar

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

0% Feb

Dec

0% Oct

Nov

2% Sep

Jul

Aug

Jun

Apr

May

10%

Mar

12%

10%

Jan

12%

10%

Feb

12%

Jan

Closed Transactions by Month

Accepted Offers by Month

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Arcadia - July 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $550

$500

$507

$503

$471

$450

$451

$450

$400 No Sales

$350

<2,500

2,501‐3,500

3,501‐5,000

5,001‐7,500

7,501‐10,000

10,000+

Price per Square Foot

Based on the year built (sold over the last twelve months)

$650 $600 $550

$588

$598

2010s

2020s

$500 $450

$486

$459

$435

$427

1970s

1980s

$400

$410

$350 $300

<1970

1990s

2000s

Price per Square Foot By Type

$700

$463

$200 $100

$491

$368

$300

$534

$552

$400

$549

$500

$574

$600

Active

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Biltmore July, 2021

The supply of active listings stands at 22 at the start of July, down from 30 last month. It was 45 this time last year. There were 20 closed sales during June, up from just 6 in June 2020. Pricing continued to increase. The twelve-month average has moved up 15% from $334 to $383 per sq. ft. over the last year. The 6-month average is up from $347 to $413, and the volatile 3-month average has seen a 25% increase from $351 to $437.

Biltmore - July 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $700 $600 6 Month Avg

$500 $400 $300 $200

$100

Number of Listings by Status for the Last Two Years 80 60 40 20

Active

Accepted Offers

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

Oct‐19

Sep‐19

Aug‐19

Jul‐19

Jun‐19

Closed

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$500K

$1.0M

Active

Under contract

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold ‐ Last 12 Month

$1.5M

$2.0M

$1,641,633

$949,233

$896,059

Biltmore - July 2021 Market Activity by Price Range 12

10 8 6

7 5

2 0

<$500K

$500K‐$1M

Active

New This Month

$1M‐1.5M

$1.5‐2M

Offers Accepted This Month

$2M+

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply

Average Price per Square Foot by Price Range 12

0.7

$2M+

<$500K

2.3

$500K‐$1M Active

$1M‐1.5M

$1.5‐2M

Under contract

$490

$440

$450

$455

$429

$393

$371

$442

1.7

$336

$1.5‐2M

$200

$422

1.6

$324

$400

$1M‐1.5M

$398

$600

1.1

$259

$500K‐$1M

$800

$279

<$500K

$1,000

$967

$1,200

$2M+

Sold ‐ Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality

Dec

Nov

Oct

Sep

Aug

Jul

Jun

May

Apr

Mar

Jan

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Dec

0% Oct

Nov

2% Sep

Jul

Aug

Jun

Apr

May

10%

Mar

12%

10%

Jan

12%

10%

Feb

12%

Feb

Closed Transactions by Month

Accepted Offers by Month

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Biltmore - July 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $450

$427

$400

$409 $377

$350

$300

$250

$418

$365

$312

<2,000

2,001‐3,000

3,001‐4,000

4,001‐5,000

5,001‐7,500

7,500+

Price per Square Foot

Based on the year built (sold over the last twelve months) $650 $600

$589

$550 $500 $450

$472

$400 $350 $300

$345

$250 $200

$358

$319

<1980

1980s

1990s

2000s

2010s

Price per Square Foot By Type

$700

Active

$294

$240

$371

$294 $0

$200 $100

$502

$300

$400

$406

$500

$597

$600

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Fountain Hills July, 2021

The supply of active listings rose from 81 to 89 during June. This total is down 30% from the 127 that we saw on July 1st, 2020. There were 46 closed sales during June, up from 27 during June 2020 and the highest total ever recorded for June. Pricing was strong once more. The twelvemonth average price per sq. ft. came in at $281 in June, up from $243 a year earlier. The six-month average rose from $249 to $301 over the last year while the volatile three-month average was $317 per sq. ft., up from $251 a year earlier.

Fountain Hills - July 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $350 $300

6 Month Avg

$250 $200 $150 Jun‐04 Dec‐04 Jun‐05 Dec‐05 Jun‐06 Dec‐06 Jun‐07 Dec‐07 Jun‐08 Dec‐08 Jun‐09 Dec‐09 Jun‐10 Dec‐10 Jun‐11 Dec‐11 Jun‐12 Dec‐12 Jun‐13 Dec‐13 Jun‐14 Dec‐14 Jun‐15 Dec‐15 Jun‐16 Dec‐16 Jun‐17 17‐Dec 18‐Jun 18‐Dec 19‐Jun 19‐Dec Jum‐20 20‐Dec 21‐Jun

$100

Number of Listings by Status for the Last Two Years 200 150 100 50

Active

Accepted Offers

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

Oct‐19

Sep‐19

Aug‐19

Jul‐19

Jun‐19

Closed

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$200K

$400K

$600K

$800K

$1.0M

Active

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

$1.2M

$1.4M

$1,277,780

Under contract

$980,696

Sold ‐ Last 12 Month

$967,411

Fountain Hills - July 2021 Market Activity by Price Range 50

40 29

20 10

$500K‐$1M

$1‐$1.5M

Active

$1.5‐2M

New This Month

$2‐3M

Offers Accepted This Month

$3M+

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply

$1.5‐2M

1.9

$2‐3M

1.9

$3M+

$500K‐$1M

6.0

$1.5‐2M

$2‐3M

Under contract

$471

$442

$377

$371

$373

$332

$423

$1‐$1.5M Active

$348

0.6

$346

$1‐$1.5M

$287

0.9

$353

$500K‐$1M

$500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0

$251

$289

$274

Average Price per Square Foot by Price Range

$3M+

Sold ‐ Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality Closed Transactions by Month

Accepted Offers by Month

14%

12%

10% 6%

4% 2%

Dec

Nov

Oct

Sep

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Jul

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Aug

10% 8%

Jun

Apr

May

Mar

10%

Jan

12%

Feb

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Fountain Hills - July 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $500 $450

$467

$400 $350

$320

$300 $250 $200

$274

$261

<3,000

$295

$283

3,001‐4,000

4,001‐5,000

5,001‐7,500

7,501‐10,000

10,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $400

$382

$387

2010s

2020s

$350

$300

$294 $250

$200

$260 $240

$241

<1980

1980s

1990s

2000s

Price per Square Foot

Active

$312 $169

$285

$316

$293

$307 $0

$357

$390

By Type

$450 $400 $350 $300 $250 $200 $150 $100 $50 $0

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

North Scottsdale 85255, 85262, 85266

July, 2021

On July 1st, we had 409 active listings, down from 447 last month and down 50% from a year ago. Closed sales totaled 245 during June, up 42% from 173 in June 2020 and the second strongest June we have ever recorded, losing out to June 2005. Pricing continued to leap higher. The twelve-month moving average $/SF came in at $376, up from $303 in June 2020, while the 6-month average rose from $313 to $410. The volatile three-month average was $424 having been $310 a year earlier, an increase of 37%.

North Scottsdale - July 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $450 6 Month Avg

$400 $350 $300 $250 $200

$150

Number of Listings by Status for the Last Two Years

1,000 800 600 400 200

Active

Accepted Offers

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

Oct‐19

Sep‐19

Aug‐19

Jul‐19

Jun‐19

Closed

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$500K

$1.0M

$1.5M

Active

Under contract

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold ‐ Last 12 Month

$2.0M

$2.5M

$3.0M

$3.5M

$3,044,419

$1,780,886

$1,460,989

North Scottsdale - July 2021 Market Activity by Price Range 120 100

20 0

$500K‐$1M

$1‐$1.5M

Active

$1.5‐2M

New This Month

$2‐3M

Offers Accepted This Month

$3M+

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply 12

$2‐3M

$100

$650

$815 $493

$439

$501

$376

$200

2.3

$389

$300

$346

$400

1.3

$409

$500

$318

$1.5‐2M

$600

$361

0.6

$700

$279

$1‐$1.5M

$800

$319

0.6

$306

$500K‐$1M

$900

$695

Average Price per Square Foot by Price Range

$3M+

$500K‐$1M

4.6

$1‐$1.5M Active

$1.5‐2M

$2‐3M

Under contract

$3M+

Sold ‐ Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality Closed Transactions by Month

Accepted Offers by Month

12%

10%

Dec

Nov

Oct

Sep

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Jul

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Aug

Jun

May

Apr

Mar

10%

Jan

12%

Feb

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

North Scottsdale - July 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $750 $700

$718

$650 $600 $550 $500 $450 $350 $300 $250 $200

$480

$438

$400

$378 $321

$325

<3,000

3,001‐4,000

4,001‐5,000

5,001‐7,500

7,501‐10,000

10,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $550

$523

$500 $450 $400

$401

$350 $300 $250 $200

$365

$347

$318

$326

1990s

2000s

No Sales

<1970

1970s

1980s

2010s

2020s

Price per Square Foot By Type

Active

$271

$258

$100

$381

$200

$280

$504

$300

$338

$400

$431

$500

$456

$600

$609

$700

Closed ‐ Last Active‐ 12 Mo Sold ‐ 12‐Mo Month Avg Avg

Traditional

Short Sale

REO

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Paradise Valley July, 2021

Supply in Paradise Valley fell further during June reaching a low of 158 active listings as of the beginning of July. This is down 47% from 298 this time last year. Closing counts came in at another record of 61 for June, which compares with 34 in June last year. It was also up from 57 last month. Prices continued to advance. The twelve-month average price per square foot stands at $505, up 16% from $434 in June 2020. The six-month average stands at $555, up 24% from $446 last year, while the three-month average came in at $536, up 31% from $438 in June 2020.

Paradise Valley - July 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years

$650

6 Month Avg

$550 $450 $350 $250

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

Oct‐19

Sep‐19

Aug‐19

Jul‐19

Jun‐19

300 250 200 150 100 50 0

Closed

Sales Price as a Percentage of Original List Price

Average Price

100% 95% 90% 85% 80% 75% 70% 65% 60%

$1.0M

$2.0M

$3.0M

Active

Under contract

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold ‐ Last 12 Month

$4.0M

$5.0M

$6.0M

$5,516,768

$3,635,911

$2,867,543

Paradise Valley - July 2021 Market Activity by Price Range 60

50 40 27

30 20

17 10

<$1M

$1‐$2M Active

$2‐3M

New This Month

$3‐5M

Offers Accepted This Month

$5M+

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply

$3‐5M

2.2

$5M+

$755

$814

$880 $588

$587

$539

1.2

$493

$2‐3M

$441

0.7

$524

$1‐$2M

$379

0.0

$605

$1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0

$512

$336

<$1M

Average Price per Square Foot by Price Range

<$1M

11.5

$1‐$2M Active

$2‐3M

$3‐5M

Under contract

$5M+

Sold ‐ Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality Closed Transactions by Month

Accepted Offers by Month

12%

10%

Dec

Nov

Oct

Sep

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Aug

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Jul

Jun

May

Apr

Feb

10%

Mar

12%

Jan

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Paradise Valley - July 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $650

$628

$600 $550 $500

$519

$509

$502 $470

$471

7,001‐9,000

9,001‐12,000

$450 $400 $350

<3,500

3,501‐5,000

5,001‐7,000

12,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $700 $650

$646

$600

$672

$550 $500 $450 $400

$471

$446

$439

1970s

1980s

$467

$469

1990s

2000s

$350 $300 $250 $200

<1970

2010s

2020s

Price per Square Foot By Type

$1,200

$995

$1,000

Active

Closed ‐ Last Month

Traditional

Active‐ 12 Mo Avg

Short Sale

$591

$502 $0

$200

$280

$603

$400

$538

$589

$600

$758

$800

Sold ‐ 12‐Mo Avg

REO

Walt Danle y

Christie ’s international Real Estate M arket Data R e p ort

Scottsdale July, 2021

During June, Scottsdale’s active listing count rose very slightly from 758 to 760. We now have 41% fewer active listings than this time last year. All except three are normal. In June we counted another huge total of 553 closed sales, up 43% from the 388 we saw in June 2020. Prices continued their acceleration. The twelve-month moving average $/SF came in at $351, up 23% from $286 a year earlier. The six-month moving average stands at $380 up from $297 a year ago and the more volatile three-month average was $395, up from $294 in June 2020, a jump of 34%.

Scottsdale - July 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $450 $400

6 Month Avg

$350 $300 $250 $200

$150

Number of Listings by Status for the Last Two Years 2000 1500 1000 500

Active

Accepted Offers

Jun‐21

May‐21

Apr‐21

Mar‐21

Feb‐21

Jan‐21

Dec‐20

Nov‐20

Oct‐20

Sep‐20

Aug‐20

Jul‐20

Jun‐20

May‐20

Apr‐20

Mar‐20

Feb‐20

Jan‐20

Dec‐19

Nov‐19

Oct‐19

Sep‐19

Aug‐19

Jul‐19

Jun‐19

Closed

100% 95% 90% 85% 80% 75% 70% 65% 60%

Sales Price as a Percentage of Original List Price

Average Price 0

$500K

$1.0M

Active

Under contract

<90

<150 >150 Days on the Market

>365

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Sold ‐ Last 12 Month

$1.5M

$2.0M

$2.5M

$2,353,437

$1,409,246

$1,168,177

Scottsdale - July 2021 Market Activity by Price Range 400

332

343

320

300 171

200

111

100

$500K‐$1M

102

101

$1‐$1.5M

Active

102

$1.5‐2M

New This Month

$2‐3M

Offers Accepted This Month

$3M+

Sold This month

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply 12

$2‐3M

$100

$635

$798 $486

$443

$501

$421

$200

2.5

$374

$300

$356

$400

1.4

$411

$500

$323

$1.5‐2M

$600

$375

0.6

$700

$285

$1‐$1.5M

$800

$332

0.5

$311

$500K‐$1M

$900

$683

Average Price per Square Foot by Price Range

$3M+

$500K‐$1M

4.5

$1‐$1.5M Active

$1.5‐2M

$2‐3M

Under contract

$3M+

Sold ‐ Last 12 Mo

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Seasonality Closed Transactions by Month

Accepted Offers by Month

12%

10%

Dec

Nov

Oct

Sep

Dec

Nov

Oct

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Jul

0% Feb

Dec

Oct

Nov

Sep

Jul

Aug

Jun

Apr

May

Mar

Jan

Feb

Aug

Jun

May

Apr

Mar

10%

Jan

12%

Feb

New Listings by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Scottsdale - July 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $700 $650

$655

$600 $550 $500 $450 $400 $350 $300 $250 $200

$455

$422 $363

$315

$319

<3,000

3,001‐4,000

4,001‐5,000

5,001‐7,500

7,501‐10,000

10,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $550 $500

$511

$519

2010s

2020s

$450 $400 $350 $300

$359

$342

$322

$306

$313

1980s

1990s

$250 $200

<1970

1970s

2000s

Price per Square Foot By Type

$271

$255

$331

$200

$275

$300

$354

$467

$398

$400

$443

$500

$557

$600

Active

$100

Closed ‐ Last Month

Traditional

Active‐ 12 Mo Avg

Short Sale

Sold ‐ 12‐Mo Avg

REO