August Market Stats for Paradise Valley, Scottsdale, Arcadia, Biltmore and Fountain Hills in Arizona by waltdanleycire

Walt Danle y

Christie ’s international Real Estate Northeast Valley – Luxury Market Summary – August 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 a slight rise in the active listing count during the This Year 1,308 last month. On July 1st we had 1,264 active listings over Last Year 1,958 $500,000 and by August 1st this had increased to 1,308. However, the supply has held very steady around this level for the last four months, while supply outside the Northeast Valley and in the non-luxury market has been increasing. Supply is 33% below this time last year. The supply picture varies by price range. Homes between $500,000 and $1 million have seen supply fall 37% compared to a year ago, but the supply is now increasing. Between $1 million and $2 million supply is down 38% and stable. Meanwhile listings over $2 million are down 22% and still falling. The top end still has better supply than the ranges under $2 million. Almost all active listings are normal with just five pre-foreclosures and two lender-owned properties. Active Listings

DEMAND - SALES The level of closing activity across the luxury market remains This Year 728 high by historic standards, but is starting to decline, month to Last Year 713 month. July gave us 728 closed listings, up 2% from July 2020 and down from 873 in June. However, 728 is still a new record total for July. The higher up you look, the greater the annual increase in closed listings, with the range over $2 million up 43% from 72 last year to 103 in 2021. Sales

DEMAND – UNDER CONTRACT We can anticipate future sales by looking at homes under # Homes Under Contract contract. We started August 2021 with 889 listings under This Year 889 contract, which is down 2% from August 2020 and represents Last Year 906 our fourth consecutive month of increasing buyer fatigue in 2021. We are likely to see closing numbers during August that are slightly lower than August 2020. The numbers get stronger as we move up the price ranges. Homes under $800,000 are down 22% but homes over $2 million are up from 122 last year to 180 in 2021. The buyer fatigue only seems to be affecting buyers with smaller budgets. Normal sales comprise 99.6% of luxury homes in escrow, with only four pre-foreclosures. 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 $369, up 21% from $304 in July 2020. The six-month average stands at $400, up 28% from $313 in July 2020 and the three-month average stands at $412, up 34% from $308 in July 2020. The appreciation rates have been accelerating over the last eleven months since July last year and are today at their highest level. However, the signs are that price increase are starting to slow down, as the three-month average rose only 2% over the last month, the smallest increase in twelve months. UNDER CONTRACT PRICING The average under contract price per square foot stands at $442, up from $435 last month and far higher than the $333 in August 2020. Price rises slowed down during July, but it looks like August will show there is still life in the housing boom, at least for the Northeast Valley.

Walt Danle y

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

Arcadia

August, 2021 The number of active listings in Arcadia rose slightly from 29 to 31 during July, down from 92 twelve months ago. All listings are normal. Closed sales came in at 20 again, down from 33 in July 2020. Average price per sq. ft. was strong again last month. The twelve-month average has risen 19% from $423 to $503 over the last twelve months. The six-month moving average has risen from $419 to $533, while the more volatile three-month moving average surged 31% from $429 to $560.

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 - August 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $650 $550

6 Month Avg

$450 $350 $250 Jul‐21

Jan‐21

Jul‐20

Jan‐20

Jan‐19

Mar‐21

Jul‐19

Jul‐18

Feb‐21

Jan‐18

Jul‐17

Jan‐17

Jul‐16

Jan‐16

Jul‐15

Jan‐15

Jul‐14

Jan‐14

Jul‐13

Jan‐13

Jul‐12

Jan‐12

Jul‐11

Jan‐11

Jul‐10

Jan‐10

Jul‐09

Jan‐09

Jul‐08

Jan‐08

Jul‐07

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Jul‐21

Jun‐21

May‐21

Apr‐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

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

$1.0M

$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

$4.0M

$3,441,050

Under contract

<90

$3.0M

$3,150,948

$2,116,227

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 - August 2021 Market Activity by Price Range 20

< $750K

Active

New This Month

$0.75‐$1.25M

$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

$2M+

1.7

$436

$547

$100

$407

$200

0.3

$317

$1.25‐2M

$300

$397

$400

0.0

$538

$500

$557

$600

$563

2.4

$695

$700

< $750K $0.75‐$1.25M

$800

$659

Average Price per Square Foot by Price Range

< $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 - August 2021 Price per Square Foot

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

$516

$500

$511

$482

$482 $450

$457

No Sales

$400

<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

$592

$550 $500 $450

$615

$498

$473

$445

$432

$426

1970s

1980s

1990s

$400 $350 $300 $250 $200

<1970

2000s

2010s

2020s

Price per Square Foot

$463

$368

$501

$545

$618

$676

By Type

$800 $700 $600 $500 $400 $300 $200 $100 $0

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

August, 2021 The supply of active listings stands at 19 on August 1st, down from 37 this time last year, and the lowest level we have ever recorded for the start of August. There were seven closed sales during July, up from six in July 2020, but July is usually a quiet month for the Biltmore district. Pricing continued to increase. The twelve-month average has moved up 13% from $340 to $385 per sq. ft. over the last year. The six-month average is up from $358 to $420, and the volatile three-month average has seen a 18% increase from $362 to $426.

Biltmore - August 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $650 $550

6 Month Avg

$450 $350 $250

Jul‐21

Jan‐21

Jul‐20

Jul‐19

Apr‐21

Jan‐20

Jan‐19

Mar‐21

Jul‐18

Jan‐18

Jul‐17

Jan‐17

Jul‐16

Jan‐16

Jul‐15

Jan‐15

Jul‐14

Jan‐14

Jul‐13

Jan‐13

Jul‐12

Jan‐12

Jul‐11

Jan‐11

Jul‐10

Jan‐10

Jul‐09

Jan‐09

Jul‐08

Jan‐08

Jul‐07

$150

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

Active

Accepted Offers

Jul‐21

Jun‐21

May‐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

Closed

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

Sales Price as a Percentage of Original List Price

Average Price 0

$500K

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

$1.0M

$1.5M

$2.0M

$1,688,867

$806,693

$891,970

Biltmore - August 2021 Market Activity by Price Range 8

7 6

6 5

5 4

3 2

1 0

<$500K

$500K‐$1M Active

$1M‐1.5M

New This Month

$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

$1.5‐2M

1.7

<$500K

$2M+

2.9

$500K‐$1M Active

$1M‐1.5M

$490

$461

$494

$481

$446

$372

1.4

$453

$1M‐1.5M

$336

0.9

$407

$500K‐$1M

$284

0.8

$303

<$500K

$263

$280

$910

Average Price per Square Foot by Price Range $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0

$1.5‐2M

Under contract

$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 - August 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $450 $400

$375

$350 $300

$427

$413

$418

$364

$315

$250 $200

<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

$362

$345

$319

$250 $200

<1980

1980s

1990s

2000s

2010s

Price per Square Foot By Type

$400 $359 $310

$300

$200 $100

$373 $280 $294

$500

$519

$600

$611

$700

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

Fountain Hills August, 2021

The supply of active listings rose from 89 to 95 during July. This total is down 18% from the 127 that we saw on August 1st, 2020. There were 35 closed sales during July, down from 40 during July. Pricing is starting to hesitate though far above last year’s level. The twelve-month average price per sq. ft. came in at $284 in July, up from $247 a year earlier. The six-month average rose from $256 to $309 over the last year while the volatile three-month average was $315 per sq. ft., up from $261 a year earlier.

Fountain Hills - August 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $350 6 Month Avg

$300 $250 $200

21‐Jul

21‐Jan

20‐Jul

20‐Jan

19‐Jul

19‐Jan

18‐Jul

18‐Jan

17‐Jul

Jan‐17

Jul‐16

Jan‐16

Jul‐15

Jan‐15

Jul‐14

Jan‐14

Jul‐13

Jan‐13

Jul‐12

Jan‐12

Jul‐11

Jan‐11

Jul‐10

Jan‐10

Jul‐09

Jan‐09

Jul‐08

Jan‐08

Jul‐07

$150

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

Active

Accepted Offers

Jul‐21

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

Closed

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

Sales Price as a Percentage of Original List Price

Average Price 0

$200K

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

$400K

$600K

$800K

$1.0M

$1.2M

$1.4M

$1,190,177

$1,026,853

$959,445

Fountain Hills - August 2021 Market Activity by Price Range 50 39

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

Average Price per Square Foot by Price Range

$2‐3M

$100

3.2

$438

$394

$380

$373

$333

$336

$308

$336

$200

$293

$300

1.2

$256

$1.5‐2M

$387

$400

0.9

$460

$500

$300

$1‐$1.5M

$625

$600

1.2

$285

$500K‐$1M

$700

$3M+

$500K‐$1M

5.1

$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

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 - August 2021 Price per Square Foot

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

$437

$400 $350

$329

$300 $250 $200

$278

$266

<3,000

$310

$284

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

$379

$350

$300

$250

$200

$387

$300 $265

$252

$245

<1980

1980s

1990s

2000s

2010s

2020s

Price per Square Foot

$312

$288

$333

$321

$293

$316

$345

By Type

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

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

North Scottsdale 85255, 85262, 85266

August, 2021

On August 1st, we had 399 active listings, down from 409 last month and down 45% from a year ago. Closed sales totaled 217 during July, up 15% from 189 in July 2020 and the strongest July we have ever recorded. Pricing continued to leap higher. The twelve-month moving average $/SF came in at $383, up from $305 in July 2020, while the six-month average rose from $319 to $417. The volatile three-month average was $429 having been $311 a year earlier, an increase of 38%.

North Scottsdale - August 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $500 $450

6 Month Avg

$400 $350 $300 $250 $200

Jul‐21

Jan‐21

Jul‐20

Jan‐20

Jan‐19

Mar‐21

Jul‐19

Jul‐18

Feb‐21

Jan‐18

Jul‐17

Jan‐17

Jul‐16

Jan‐16

Jul‐15

Jan‐15

Jul‐14

Jan‐14

Jul‐13

Jan‐13

Jul‐12

Jan‐12

Jul‐11

Jan‐11

Jul‐10

Jan‐10

Jul‐09

Jan‐09

Jul‐08

Jan‐08

Jul‐07

$150

Number of Listings by Status for the Last Two Years

1,000 800 600 400 200

Active

Accepted Offers

Jul‐21

Jun‐21

May‐21

Apr‐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

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

$3,027,694

$1,726,527

$1,472,198

North Scottsdale - August 2021 Market Activity by Price Range 100 80

26 15

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

$100

2.3

$651

$813 $519

$446

$512

$380

$200

$2‐3M

$426

$300

$396

$400

0.9

$365

$500

$322

$1.5‐2M

$600

$395

0.6

$700

$283

$1‐$1.5M

$800

$318

0.6

$309

$500K‐$1M

$900

$717

Average Price per Square Foot by Price Range

$3M+

$500K‐$1M

4.4

$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

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.

North Scottsdale - August 2021 Price per Square Foot

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

$718

$650 $600 $550 $500

$492

$450

$441

$400

$386

$350 $300 $250 $200

$325

$332

<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

$530

$500 $450 $400

$401

$350 $300 $250 $200

$373

$343

$324

$332

1990s

2000s

No Sales

<1970

1970s

1980s

2010s

2020s

Price per Square Foot By Type

Active

$252

$386 $279

$100

$276

$200 $0

$519

$300

$348

$400

$412

$500

$456

$600

$623

$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 August, 2021

Supply in Paradise Valley fell further during July reaching another extreme low of 149 active listings as of the beginning of August. This is down 45% from 270 this time last year. Closing counts came in at 41 for July, which compares with 57 in July last year. It was also down from 61 last month. Prices continued to advance. The twelve-month average price per square foot stands at $518, up 19% from $435 in July 2020. The six-month average stands at $557, up 25% from $447 last year, while the three-month average came in at $584, up 40% from $418 in July 2020.

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

$650 $550

6 Month Avg

$450 $350 $250 Jul‐21

Jan‐21

Jul‐20

Jan‐20

Jul‐19

Jan‐19

Jul‐18

Jan‐18

Jul‐17

Jan‐17

Jul‐16

Jan‐16

Jul‐15

Jan‐15

Jul‐14

Jan‐14

Jul‐13

Jan‐13

Jul‐12

Jan‐12

Jul‐11

Jan‐11

Jul‐10

Jan‐10

Jul‐09

Jan‐09

Jul‐08

Jan‐08

Jul‐07

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Jul‐21

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

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

$5,296,478

$3,654,098

$2,948,631

Paradise Valley - August 2021 Market Activity by Price Range 50

40 29

Under $1M

11 5

$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

2.4

$5M+

$1‐$2M

Active

$2‐3M

$3‐5M

Under contract

$754

$859

$541

$609

$598

$877 Under $1M

8.6

$488

1.3

$448

$2‐3M

$525

0.7

$385

$1‐$2M

$611

0.0

$508

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

$330

Under $1M

Average Price per Square Foot by Price Range

$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 - August 2021 Price per Square Foot

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

$624

$600 $550 $500

$536

$531

$506

$483

$450

$469

$400 $350 $300

<3,500

3,501‐5,000

5,001‐7,000

7,001‐9,000

9,001‐12,000

12,000+

Price per Square Foot

Based on the year built (sold over the last twelve months) $750 $700 $650

$652

$600

$691

$550 $500 $450 $400

$484

$465

$442

$482

$480

1990s

2000s

$350 $300 $250 $200

<1970

1970s

1980s

2010s

2020s

Price per Square Foot By Type

$1,200

$200

$513 $280 $591

$400

$607

$600

$745

$800

$619 $582

$995

$1,000

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

Scottsdale August, 2021

During July, Scottsdale’s active listing count rose slightly from 760 to 817. We now have 29% fewer active listings than this time last year, so the gap is closing. All except three are normal. In July we counted 493 closed sales, up 8% from the 458 we saw in July 2020. Prices continued their acceleration. The twelve-month moving average $/SF came in at $358, up 24% from $289 a year earlier. The six-month moving average stands at $387 up from $297 a year ago and the more volatile three-month average was $399, up from $295 in July 2020, a jump of 35%.

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

6 Month Avg

$350 $300 $250 $200 Jul‐21

Jan‐21

Jul‐20

Jan‐20

Jan‐19

Mar‐21

Jul‐19

Jul‐18

Feb‐21

Jan‐18

Jul‐17

Jan‐17

Jul‐16

Jan‐16

Jul‐15

Jan‐15

Jul‐14

Jan‐14

Jul‐13

Jan‐13

Jul‐12

Jan‐12

Jul‐11

Jan‐11

Jul‐10

Jan‐10

Jul‐09

Jan‐09

Jul‐08

Jan‐08

Jul‐07

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Jul‐21

Jun‐21

May‐21

Apr‐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

1400 1200 1000 800 600 400 200 0

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

$2,249,478

$1,420,609

$1,179,236

Scottsdale - August 2021 Market Activity by Price Range 400

316

324

291

300 198

200

112

100 0

$500K‐$1M

101

$1‐$1.5M

Active

106

$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 0

Average Price per Square Foot by Price Range 12

0.7

$501

$516

$379

$435

$371

$385

$328

$100

$291

$200

2.4

$335

$2‐3M

$300

$324

$400

1.3

$407

$500

$449

$600

$636

$1‐$1.5M

$700

$721

0.6

$790

$800

$500K‐$1M $1.5‐2M

$900

$3M+

$500K‐$1M

4.4

$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

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.

Scottsdale - August 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $750 $700 $650

$679

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

$467

$426 $373

$321

$326

<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

$517

$519

2010s

2020s

$450 $400 $350 $300

$367

$348

$328

$314

$320

1980s

1990s

$250 $200

<1970

1970s

2000s

Price per Square Foot By Type

$283

$247

$360

$481

$391

Active

$267

$100

$349

$200

$300

$220

$400

$437

$500

$556

$600

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

Traditional

Short Sale

REO