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.
September 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577 Last Year 1,260 This Year 1,931 Active Listings CONTINUED ON BACK... Last Year 912 This Year 645 # Homes Under Contract
DEMAND - SALES
Walt Danley
Christie s international Real Estate
’
The level of closing recovered slightly during August after dropping dramatically between June and July. We counted 470 closed listings during August, down 32% from August 2021 and the weakest August since 2019. Sales between $500,000 and $1,000,000 dropped the most – down 42% compared to a year ago. In contrast, the range over $2 million was up 12%, while sales of homes between $1 million and $2 million were down 29%.
At the end of August, the active listing count was lower than the month before, moving from 2,008 to 1,931. After the sharp increases during the summer, this drop must come as a relief to sellers. We measured 1,260 at the same time last year, so supply is up 53% since then. Homes between $1 million and $2 million have seen a slight rise supply rise during August and supply of these homes are up 87% compared to a year ago, so this price range is well supplied. The supply of homes over $2 million is up only 29% from last year while homes between $500,000 and $1 million are up 59%. Distress remains very low. There are ten pre-foreclosures and one lender-owned home among the active listings.
SUPPLY
We can anticipate future sales by looking at homes under contract. We started September 2022 with 645 listings under contract, which is down 29% from 912 in September 2021. Demand remains weak, though the luxury sector is not affected as dramatically as the range below $1 million. We are likely to see closing numbers during September that are much lower than September 2021 but possibly a little higher than August 2022. Homes over $1.5 million are surviving this down trend with 216 listings under contract, down 18% from August 2021. However, homes under $1.5 million are down 34% from 650 to 429. –
DEMAND – UNDER CONTRACT
Last Year 697 This Year 470 Sales 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. © 2022 Northeast Valley – Luxury Market Summary
The average under contract price per square foot stands at $543, down from $551 last month and $572 the month before, but still far higher than the $459 we saw on September 1, 2021. This month the under-contract pricing reflects the significant weakening in price that has taken place between June and September and suggest that sales prices will fall again next month.
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. © 2022
SALES PRICING
UNDER CONTRACT 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 $476, up 27% from $375 in August 2021. The six-month average stands at $504, up 26% from $402 in August 2021, but unchanged from last month. The three-month average stands at $497, down from $504 last month because pricing has weakened sharply over the past three months due to the steep drop in demand and rising supply. The strong upward pricing trend that has persisted for many years has finally run out of steam and we expect the longer-term averages will gradually change direction like the three-month average.
September, 2022
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. © 2022
Arcadia
Paradise Valley Office: 480.991.2050
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.
Market Data Report
Walt Danley
Christie ’ s international Real Estate
Scottsdale Office: WaltDanley.com480.909.4577
The number of active listings in Arcadia rose modestly from 44 to 47 during August and is up 15% compared to September 1st, 2021. However, it remains low by long-term standards. Closed sales came in at ten, down from fifteen in August 2021 and the lowest total for August since 2011. Average price per sq. ft. has recovered from a slight softening last month. The twelve-month average has grown 28% from $519 to $662 over the last twelve months. The six-month moving average has risen 28% from $561 to $716, while the more volatile three-month moving average increased 24% from $597 to $739.
60% 65% 70% 75% 80% 85% 90% 95% 100% <90 <150 >150 >365 Days on the Market $2,562,113$3,296,143$4,248,800 0 $1.0M $2.0M $3.0M $4.0M $5.0M Active Under contract Sold - Last 12 Months
Average Price per Square Foot for Closed Transactions the Last 17 Years
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.
Scottsdale Office: WaltDanley.com480.909.4577
$950$850$750$650$550$450$350$250$150
Number of Listings by Status for the Last Two Years
Arcadia - September 2022
12 Months Avg
Active Accepted Offers Closed
Paradise Valley Office: 480.991.2050
20-Sep 20-Oct 20-Nov 20-Dec 21-Jan 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 22-Mar 22-Apr 22-May Jun-22 22-Jul 22-Aug
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.
Aug-05 Feb-06 Aug-06 Feb-07 Aug-07 Feb-08 Aug-08 Feb-09 Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22
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.
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. © 2022
756555453525155
12 Months Avg
Average Price
Sales Price as a Percentage of Original List Price
1 7 34 1 2 14 No Active inventory 2 5 1 1 835302520151050 <$750K $0.75-$1.25M $1.25-2M $2M+ Active New This Month Offers Accepted This Month Sold This month 0.81.6 3.2 0 12 24 $0.75-$1.25M<$750K$1.25-2M$2M+ No Sales $590 $662 $804 $680 $879 $391 $507 $571 $699$850$750$650$550$450$350$250 <$750K $0.75-$1.25M $1.25-2M $2M+ 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 Seasonality New Listings by Month Accepted Offers by Month Closed Transactions by Month Inventory - Number of Months Supply 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. Market Activity by Price AverageRangePrice 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. The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month. Arcadia - September 2022 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. © 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
Arcadia - September 2022 $601 $656 $700 $662 $646 $309$750$700$650$600$550$500$450$400$350$300$250 <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 size of the home (sold over the last twelve months) $642 $578 $557 $563 $665 $793 $737$850$800$750$700$650$600$550$500 <1970 1970s 1980s 1990s 2000s 2010s 2020s Price per Square Foot Based on the year built (sold over the last twelve months) $786 $873 $781 $687$665 $674$900$850$800$750$700$650$600$550 Traditional Short Sale REO Active Closed - Last Month Active- 12 Mo Avg Sold - 12-Mo Avg No Active Inventory Price per Square Foot By Type 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. © 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
Christie ’ s international Real Estate
Walt Danley
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. © 2022
Market Data Report
September, 2022
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.
The supply of active listings rose modestly stood at 17 on September 1st, the same as August 1st, and down from 27 twelve months ago. This is still very low compared to long term measurements. There were seven closed sales during August, up from five in August 2021. Pricing continues to rise on the Biltmore showing no sign of weakness yet and the twelve-month average has moved up 30% from $386 to $501 per sq. ft. over the last year. The six-month average is up 25% from $416 to $512, and the volatile three-month average has seen a 30% increase from $399 to $518.
Biltmore
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. © 2022
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 and the number of that were closed within the entire month.
were accepted
Sales Price as a Percentage of Original List Price
the property
Scottsdale Office: WaltDanley.com480.909.4577
properly
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
$600$500$400$300$200$100 Aug-05 Feb-06 Aug-06 Feb-07 Aug-07 Feb-08 Aug-08 Feb-09 Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22 12 Months Avg 55453525155 20-Sep 20-Oct 20-Nov 20-Dec 21-Jan 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 22-Mar 22-Apr 22-May 22-Jun 22-Jul 22-Aug Active Accepted Offers Closed 12 Months Avg 60% 65% 70% 75% 80% 85% 90% 95% 100% <90 <150 >150 >365 Days on the Market $1,955,383 $1,515,273 $961,944 0 $500K $1.0M $1.5M $2.0M Active Under contract Sold - Last 12 Months
Average Price per Square Foot for Closed Transactions the Last 17 Years
transactions
This graph illustrates the of home from the beginning. The longer sits on the market, the steeper the discount.
Average Price
pricing your
Biltmore - September 2022
Number of Listings by Status for the Last Two Years
importance
New Listings by Month Accepted Offers
Closed
number
WaltDanley.com480.909.4577
The of for Active and Under Contract were compiled on the of the
Paradise Valley Office:
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
Market Activity by Price Range
Price
Seasonality by Month Transactions by Month
Average per Square Foot by
Price Range
8 1 3 6 5 2 1 4 2 33 3 3 1 22 3 2 1 11086420 <$500K $500K-$1M $1M-1.5M $1.5-2M $2M+ Active New This Month Offers Accepted This Month Sold This month 0.31.51.2 3.8 5.5 0 12 24 $500K-$1M<$500K$1M-1.5M$1.5-2M$2M+ $340 $467 $551 $634 $985 $342 $402 $517 $558 $571 $301 $422 $465 $521 $573$950$850$750$650$550$450$350$250$150 <$500K $500K-$1M $1M-1.5M $1.5-2M $2M+ 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. © 2022
480.991.2050
Scottsdale Office:
Inventory - Number of Months Supply 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.
15th
Biltmore - September 2022
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 charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.
$735 $494 $670 $450$800$700$600$500$400$300 Traditional Short Sale REO Active Closed - Last Month Active- 12 Mo Avg Sold - 12-Mo Avg No Active Inventory No Active Inventory Price per Square Foot By Type Biltmore - September 2022 $367 $523 $507 $449 $463 $453$550$500$450$400$350$300 <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 size of the home (sold over the last twelve months) $463 $411 $404 $531 $718$750$700$650$600$550$500$450$400$350 <1980 1980s 1990s 2000s 2010s Price per Square Foot Based on the year built (sold over the last twelve 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. © 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
Fountain Hills September, 2022
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.
Christie ’ s international Real Estate
Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
Market Data Report
Walt Danley
The supply of active listings fell from 133 to 125 during August, but this total is up 58% from the 79 that we saw on September 1st, 2021. There were 30 closed sales during August, down from 45 in August 2021. Sales remain robust compared with the rest of the Northeast Valley. Pricing continued to rise with little sign of the weakness we saw in many other locations. The twelve-month average price per sq. ft. came in at $367 in August, up 27% from $288 a year earlier. The six-month average rose from $311 to $401 over the last year while the volatile three-month average was $411 per sq. ft., up 35% from $305 a year earlier.
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. © 2022
12 Months Avg
Aug-05 Feb-06 Aug-06 Feb-07 Aug-07 Feb-08 Aug-08 Feb-09 Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22
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.
Scottsdale Office: WaltDanley.com480.909.4577
20-Sep 20-Oct 20-Nov 20-Dec 21-Jan 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 Apr-22 22-May 22-Jun 22-Jul 22-Aug
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. © 2022
1159575553515
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.
Average Price per Square Foot for Closed Transactions the Last 17 Years
Paradise Valley Office: 480.991.2050
Average 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.
Fountain Hills - September 2022
Sales Price as a Percentage of Original List Price
Active Under contract Sold - Last 12 Months
Number of Listings by Status for the Last Two Years
12 Months $1.0M $1.5M $2.0M
Avg 60% 65% 70% 75% 80% 85% 90% 95% 100% <90 <150 >150 >365 Days on the Market $988,125$1,332,545$1,612,146 0 $500K
$450$400$350$300$250$200$150$100
Active Accepted Offers Closed
WaltDanley.com480.909.4577
Paradise Office:
480.991.2050
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. © 2022
Valley
55 22 15 10 7 21 7 3 1 22 3 1 3 2 23 4 1 2 16050403020100 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ Active New This Month Offers Accepted This Month Sold This month 1.72.9 5.5 4.0 9.3 0 12 24 $500K-$1M$1-$1.5M$1.5-2M$2-3M$3M+ $325 $372 $455 $581 $630 $342 $391 $444 $554 $626 $324 $369 $394 $442 $638$650$600$550$500$450$400$350$300$250 $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% 14% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Seasonality New Listings by Month Accepted Offers by Month Closed Transactions by 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. 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. The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.
Inventory - Number of Months MarketSupplyActivity
Fountain Hills - September 2022 by Price Range
Scottsdale Office:
$428 $412 $408 $321 $293 $364 $292 $289$450$400$350$300$250$200 Traditional Short Sale REO Active Closed - Last Month Active- 12 Mo Avg Sold - 12-Mo Avg Price per Square Foot By Type Fountain Hills - September 2022 $310 $323 $351 $377 $525 $550$600$550$500$450$400$350$300$250 <1980 1980s 1990s 2000s 2010s 2020s $345 $384 $412 $380 $339$450$400$350$300 <3,000 3,001-4,000 4,001-5,000 5,001-7,500 7,501-10,000 10,000+ No Sales Price per Square Foot 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) 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. © 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
Scottsdale Office: WaltDanley.com480.909.4577
Market Data Report
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.
North Scottsdale
85255, 85262, 85266
On September 1st, we had 534 active listings, the same as one month earlier but up 41% from 378 a year ago. Closed sales totaled 110 during August, down 35% from 169 in August 2021 and the lowest August total since 2016. Prices showed their first sign of weakening. The twelve-month moving average $/SF came in at $501, up 28% from $391 in July 2021, while the six-month average rose from $421 to $525. The volatile 3-month average was $541 having been $422 a year earlier, an increase of 28%. However, it is down from $550 last month.
September, 2022
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. © 2022
Paradise Valley Office: 480.991.2050
Walt Danley
Christie ’ s international Real Estate
Average Price per Square Foot for Closed Transactions the Last 17 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 and the number of transactions that were closed within the entire month.
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.
Average Price
60% 65% 70% 75% 80% 85% 90% 95% 100% <90 <150 >150 >365 Days on the Market $2,800,514 $1,791,301$2,154,134 0 $500K $1.0M $1.5M $2.0M $2.5M $3.0M Active Under contract Sold - Last 12 Months
Scottsdale Office: WaltDanley.com480.909.4577
Active Accepted Offers Closed
Aug-05 Feb-06 Aug-06 Feb-07 Aug-07 Feb-08 Aug-08 Feb-09 Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22
accepted
12 Months Avg
North Scottsdale - September 2022
This graph illustrates beginning. The longer the property sits on the market, the steeper the
Number of Listings by Status for the Last Two Years
$600$550$500$450$400$350$300$250$200$150
Paradise Valley Office: 480.991.2050
1,05085065045025050
20-Sep 20-Oct 20-Nov 20-Dec 21-Jan 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
12 Months Avg
Sales Price as a Percentage of Original List Price 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. © 2022
discount.
the importance of pricing your home properly from the
Scottsdale Office:
Price
Valley
Average per Foot by
480.991.2050
112 108 60 76 133 46 44 33 18 17 33 33 19 15 13 37 22 20 12 20145125105856545255 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ Active New This Month Offers Accepted This Month Sold This month 2.22.62.43.4 5.7 0 12 24 $500K-$1M$1-$1.5M$1.5-2M$2-3M$3M+ $353 $418 $485 $608 $960 $332 $447 $481 $611 $787 $355 $400 $448 $530 $718$950$850$750$650$550$450$350$250$150 $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 Seasonality New Listings by Month Accepted Offers by Month Closed Transactions by 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.
Paradise Office:
WaltDanley.com480.909.4577
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. The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month. North Scottsdale - September 2022 Inventory - Number of Months MarketSupplyActivity
by Price Range
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. © 2022
Square
$686 $341 $511 $689 $346 $501 $311$750$650$550$450$350$250$150 Traditional Short Sale REO Active Closed - Last Month Active- 12 Mo Avg Sold - 12-Mo Avg No Active Inventory Price per Square Foot By Type North Scottsdale - September 2022 $419 $441 $529 $584 $620 $844$900$850$800$750$700$650$600$550$500$450$400$350 <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 size of the home (sold over the last twelve months) $460 $462 $444 $501 $596$650$600$550$500$450$400$350 1980s 1990s 2000s 2010s 2020s Price per Square Foot Based on the year built (sold over the last twelve 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. © 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
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. © 2022
September, 2022
Walt Danley
Christie ’ s international Real Estate
Supply in Paradise Valley rose during August, from 132 to 141 active listings as of the beginning of September 2022. This is down 7% from 152 at the same time last year. Closing counts came in at 23 for August, down from 32 last year and the lowest August count we have seen since 2014. Prices are starting to weaken although the twelve-month average price per square foot now stands at $704, up 37% from $528 in July 2021. The six-month average stands at $742, up 33% from $565 last year, but flat compared to the last 2 months. The three-month average came in at $721, up 28% from $594 in August 2021, but down from $750 last month. The three-month average has declined for two months now.
Scottsdale Office: WaltDanley.com480.909.4577
Paradise Valley Office: 480.991.2050
Paradise Valley
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.
Market Data Report
Paradise Valley - September 2022
$850$750$650$550$450$350$250$150 Aug-05 Feb-06 Aug-06 Feb-07 Aug-07 Feb-08 Aug-08 Feb-09 Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22
Avg 60% 65% 70% 75% 80% 85% 90% 95% 100% <90 <150 >150 >365 Days on the Market $4,005,308$5,481,619$6,706,022 0 $2.0M $4.0M $6.0M $8.0M Active Under contract Sold - Last 12 Months
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.
Average Price per Square Foot for Closed Transactions the Last 17 Years Sales Price as a Percentage of Original List Price 205155105555 20-Sep 20-Oct 20-Nov 20-Dec 21-Jan 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 22-Mar 22-Apr 22-May Jun-22 22-Jul 22-Aug Active Accepted Offers Closed 12 Months Avg 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. © 2022
Scottsdale Office: WaltDanley.com480.909.4577
Average Price
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.
Paradise Valley Office: 480.991.2050
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.
Number of Listings by Status for the Last Two Years
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. © 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
No Active Inventory 2 21 27 45 3 5 7 15 1 9 4 5 1 7 8 450403020100 <$1M $1-$2M $2-3M $3-5M $5M+ Active New This Month Offers Accepted This Month Sold This month 0.5 2.62.6 6.5 0 12 $1-$2M<$1M$2-3M$3-5M$5M+ No Sales $642 $666 $693 $1,137 $731 $616 $653 $1,020 $567 $540 $632 $876$1,150$1,050$950$850$750$650$550$450$350 $1-$2M $2-3M $3-5M $5M+ Active - Under contract - Sold - Last 12 Mo0% 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 Seasonality New Listings by Month Accepted Offers by Month Closed Transactions by 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. 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. The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.
Paradise - September 2022
by Price Range
Valley
Inventory - Number of Months MarketSupplyActivity
$978 $644$688 $905 $832 $692$950$850$750$650$550$450 Traditional Short Sale REO Active Closed - Last Month Active- 12 Mo Avg Sold - 12-Mo Avg No Active Inventory Price per Square Foot By Type Paradise Valley - September 2022 $751 $629 $681 $697 $678 $870$900$850$800$750$700$650$600$550 <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 size of the home (sold over the last twelve months) $659 $618 $609 $610 $661 $862 $956$1,000$950$900$850$800$750$700$650$600$550$500 <1970 1970s 1980s 1990s 2000s 2010s 2020s Price per Square Foot Based on the year built (sold over the last twelve 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. © 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
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.
September, 2022
Christie ’ s international Real Estate
Scottsdale Office: WaltDanley.com480.909.4577
On September 1st, Scottsdale’s active listing counts was 1,202, a 5% decrease from 1,264 at the beginning of August. However, this is up 52% from the same time last year. In August we counted 317 closed sales, down 31% from the 461 we saw in August 2021. Although prices are still far above last year, the last two months have shown increasing price weakness. The twelve-month moving average $/SF came in at $463, up 27% from $366 a year earlier. The six-month moving average stands at $494 up 26% from $392 a year ago and the more volatile three-month average was $492, up from $395 in August 2021, a rise of 25%, but down from $503 last month.
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. © 2022
Walt Danley
Market Data Report
Scottsdale
Paradise Valley Office: 480.991.2050
Scottsdale Office:
of Listings
Avg 60% 65% 70% 75% 80% 85% 90% 95% 100% <90 <150 >150 >365 Days on the Market $1,355,766$1,657,121$1,911,988 0 $500K $1.0M $1.5M $2.0M Active Under contract Sold - Last 12 Months
until the transaction closes.
$550$500$450$400$350$300$250$200$150 Aug-05 Feb-06 Aug-06 Feb-07 Aug-07 Feb-08 Aug-08 Feb-09 Aug-09 Feb-10 Aug-10 Feb-11 Aug-11 Feb-12 Aug-12 Feb-13 Aug-13 Feb-14 Aug-14 Feb-15 Aug-15 Feb-16 Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-19 Aug-19 Feb-20 Aug-20 Feb-21 Aug-21 Feb-22 Aug-22
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
WaltDanley.com480.909.4577
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
12 Months
Paradise Valley Office: 480.991.2050
Status for the Last Two Years Sales Price as a Percentage of Original List Price 1150950750550350150 20-Sep 20-Oct 20-Nov 20-Dec 21-Jan 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 Active Accepted Offers Closed 12 Months Avg 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. © 2022
Number by
Average Price per Square Foot for Closed Transactions the Last 17 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.
Scottsdale - September 2022
Office: WaltDanley.com480.909.4577
453 253 126 114 156 203 109 63 28 29 185 91 47 21 18 168 53 45 21 3041031021011010 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ Active New This Month Offers Accepted This Month Sold This month 2.12.52.63.1 5.2 0 12 24 $500K-$1M$1-$1.5M$1.5-2M$2-3M$3M+ $390 $432 $498 $593 $947 $375 $432 $489 $581 $781 $371 $410 $461 $530 $710$1,000$900$800$700$600$500$400$300$200 $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 Seasonality New Listings by Month Accepted Offers by Month Closed Transactions by 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. 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. The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month. Scottsdale - September 2022 Inventory - Number of Months MarketSupplyActivity
by Price Range
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. © 2022
Paradise
Valley Office: 480.991.2050
Scottsdale
$595 $350 $474 $613 $406$463 $326 $295$650$550$450$350$250$150 Traditional Short Sale REO Active Closed - Last Month Active- 12 Mo Avg Sold - 12-Mo Avg Price per Square Foot By Type Scottsdale - September 2022 $412 $442 $510 $555 $606 $844$900$850$800$750$700$650$600$550$500$450$400$350 <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 size of the home (sold over the last twelve months) $428 $427 $421 $425 $488 $591 $659$700$650$600$550$500$450$400$350 <1970 1970s 1980s 1990s 2000s 2010s 2020s Price per Square Foot Based on the year built (sold over the last twelve 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. © 2022 Paradise Valley Office: 480.991.2050 Scottsdale Office: WaltDanley.com480.909.4577
