Walt Danley Christie ’ s international Real Estate
Market Data Report
North Scottsdale
85255, 85262, 85266
February, 2023
On February 1st, we had 650 active listings, up from 534 last month and up 107% from 314 a year ago. Closed sales totaled 76 during January, down 48% from 147 in January 2022 and the lowest January total since 2014. Prices continued to soften. The twelve-month moving average $/SF came in at $517, up 19% from $434 in January 2022, while the six-month average rose from $450 to $490 over the year but has fallen back from $537 in August. The volatile three-month average was $494, having been $463 a year earlier, an increase of 7%. However, it is down from $550 in July.
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. © 2023
North Scottsdale - February 2023
Average Price per Square Foot for Closed Transactions the Last 17 Years
Number of Listings by Status for the Last Two Years
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.
Sales Price as a Percentage of Original List Price
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.
Average Price
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
0 100 200 300 400 500 600 21-Feb 21-Mar 21-Apr 21-May 21-Jun 21-Jul 21-Aug 21-Sep 21-Oct 21-Nov 21-Dec 22-Jan 22-Feb Mar-22 22-Apr 22-May 22-Jun 22-Jul 22-Aug 22-Sep 22-Oct 22-Nov Dec-22 Jan-23 Active Accepted Offers Closed $150 $200 $250 $300 $350 $400 $450 $500 $550 $600 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 12 Months Avg 60% 65% 70% 75% 80% 85% 90% 95% 100% <90 <150 >150 >365 Days on the Market $3,094,405 $2,146,126 $1,857,143 0 $1.0M $2.0M $3.0M Active Under contract Sold - Last 12 Months
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. © 2023
North Scottsdale - February 2023
Market Activity by Price Range
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
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.
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.
Seasonality
New Listings by Month
Accepted Offers by Month
Closed Transactions by Month
The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.
Paradise Valley Office: 480.991.2050
Scottsdale Office: 480.909.4577
WaltDanley.com
106 106 63 98 165 48 49 32 42 68 38 34 18 18 23 15 21 17 14 9 0 50 100 150 200 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ Active New This Month Offers Accepted This Month Sold This month 2.8 3.1 2.9 5.4 7.9 0 12 24 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ $337 $419 $478 $568 $975 $341 $411 $446 $607 $860 $364 $412 $461 $551 $730 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ Active Under contract Sold - Last 12 Mo 0% 2% 4% 6% 8% 10% 12% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0% 2% 4% 6% 8% 10% 12% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0% 2% 4% 6% 8% 10% 12% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
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. © 2023
North Scottsdale - February 2023
Price
Based on size of the home (sold over the last twelve months)
Price per Square Foot
Based on the year built (sold over the last twelve months)
$706 $400 $499 $703 $364 $522 $346 $150 $250 $350 $450 $550 $650 $750 Traditional Short Sale REO Active Closed - Last Month Active- 12 Mo Avg Sold - 12-Mo Avg Price per Square Foot By Type
$429 $470 $560 $611 $682 $793 $300 $350 $400 $450 $500 $550 $600 $650 $700 $750 $800 $850 <3,000 3,001-4,000 4,001-5,000 5,001-7,500 7,501-10,000 10,000+
per Square Foot
$423 $479 $463 $521 $625 $350 $400 $450 $500 $550 $600 $650 1970s 1980s 1990s 2000s 2010s 2020s No Sales
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. © 2023
Paradise Valley Office: 480.991.2050
Scottsdale Office: 480.909.4577 WaltDanley.com
