October Luxury Market Stats for Arizona by waltdanleycire

Walt Danle y

Christie ’s international Real Estate Northeast Valley – Luxury Market Summary – October 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 1,261 last month. On September 1st, we had 1,261 active listings Last Year 2,019 over $500,000 and by October 1st, this had increased to 1,309. However, the supply has held very steady around this level for the last five months. The latest total is 35% below this time last year. The supply picture varies by price range. Homes between $500,000 and $1 million have seen supply fall 33% compared to a year ago, but the supply is now gently rising. Between $1 million and $2 million supply is down 45% and continuing to dwindle. Meanwhile listings over $2 million are down 28% but saw a slight rise over the last month. The top end still has better supply relative to demand than the ranges under $2 million. Almost all active listings are non-distressed with just four pre-foreclosures and one lenderowned property. Active Listings

DEMAND - SALES The level of closing activity across the luxury market remains This Year 684 high by historic standards, but is now in a slight decline, both Last Year 724 month to month and year over year. September saw 684 closed listings, down 5% from September 2020 and down from 697 in August. However, 684 is still the second highest total ever recorded for August. The higher up you look, the stronger the picture grows for closed listings, with the range over $2 million up 10% from 77 last year to 85 in 2021. Sales

DEMAND – UNDER CONTRACT We can anticipate future sales by looking at homes under This Year 918 contract. We started October 2021 with 918 listings under Last Year 1,031 contract, which is down 11% from October 2020 but a slight increase over last month. We deduce that we are likely to see closing numbers during October that are similar to September but lower than October 2020. The numbers get stronger as we move up the price ranges. Homes under $800,000 are down 29% but homes over $2 million are up 27% from 157 last year to 200 in 2021. Nondistressed sales comprise 99.5% of luxury homes in escrow, with only four pre-foreclosures and one lender owned home. # Homes Under Contract

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 $383, up 23% from $311 in September 2020. The six-month average stands at $406, up 29% from $314 in September 2020 and the threemonth average stands at $405, up 27% from $320 in September 2020. This is the second consecutive fall in the quarterly average. The appreciation rates have been accelerating over the last year but have started to slow down over the past two months. UNDER CONTRACT PRICING The average under contract price per square foot stands at $484, up from $461 last month and far higher than the $360 in October 2020. Price rises slowed down during July through September, but it looks like October will show a stronger upward trend.

Walt Danle y

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

Arcadia

October, 2021 The number of active listings in Arcadia fell from 41 to 37 during September but remains well down from 90 twelve months ago. Closed sales came in at 24, down from 30 in September 2020. Average price per sq. ft. was strong again last month. The twelve-month average has risen 25% from $424 to $532 over the last twelve months. The six-month moving average has risen 33% from $434 to $579, while the more volatile three-month moving average surged 36% from $455 to $620.

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 - October 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $750 $650

6 Month Avg

$550 $450 $350 $250

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

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Oct‐21

Sep‐21

Aug‐21

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

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

$2,987,357

Under contract

<90

$2.5M

$2,896,300

$2,215,471

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 - October 2021 Market Activity by Price Range 20 15

15 10

<$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 4.0

$200

$457

$504

$518

$425

$521

0.5

$342

$1.25‐2M

$300

$493

$500

$397

0.4

$2M+

$600 $400

$0.75‐$1.25M

$762

$700

<$750K

$588

$800

$647

Average Price per Square Foot by Price Range

$100 $0

1.5

<$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 - October 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $700 $650 $600 $550

$542

$500 $450

$543

$536

$499

$537

$400 $350 $300 $250

No Sales

$200

<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)

$700 $650 $600

$626

$550 $500 $450

$496

$649

$529

$489

$400

$453

$448

1980s

1990s

$350 $300 $250 $200

<1970

1970s

2000s

2010s

2020s

Price per Square Foot

$463

$362

$532

$577

$633

$716

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

October, 2021 The supply of active listings stands at 25 on October 1st, down from 36 this time last year, and down two from last month. There were nine closed sales during September, down from ten in September 2020, but a respectable score after August’s low count. Pricing continued to increase with a stronger trend than last month. The twelve-month average has moved up 18% from $341 to $402 per sq. ft. over the last year. The six-month average is up from $356 to $438, and the volatile three-month average has seen a 21% increase from $362 to $439.

Biltmore - October 2021 Average Price per Square Foot for Closed Transactions the Last 17 Years $700 $600 $500 $400 $300 $200

$100

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

Active

Accepted Offers

Oct‐21

Sep‐21

Aug‐21

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

Closed

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

Sales Price as a Percentage of Original List Price

Average Price 0

$400K

$800K

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

$1.2M

$1.6M

$1,377,198

$918,589

$888,793

Biltmore - October 2021 Market Activity by Price Range 15

12 10

4 1

<$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

$2M+

$500K‐$1M Active

$1M‐1.5M

$511

$464

$492

$769 <$500K

2.4

$371

1.1

$487

$1.5‐2M

$375

1.0

$440

$1M‐1.5M

$351

1.5

$418

$500K‐$1M

$379

1.7

$270

<$500K

$278

$273

$976

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 - October 2021 Price per Square Foot

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

$427

$423

$400

$389

$371

$350 $300

$437

$325

$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

$623

$550 $500 $450

$477

$400 $350 $300

$368

$347

$327

$250 $200

<1980

1980s

1990s

2000s

2010s

Price per Square Foot By Type

$381

$300

Active

$100

$200

$280

$554

$400

$481

$500

$560

$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 October, 2021

The supply of active listings dropped slightly further from 79 to 77 during September, taking it once again to the lowest level we have ever recorded. This total also down 31% from the 112 that we saw on October 1st, 2020. There were 55 closed sales during September, up from 43 during September 2020 and by far the highest September sales total we have ever seen. The market in Fountain Hills is unusually unbalanced with demand far exceeding supply. Pricing is starting to slow down though still far above last year’s level. The twelve-month average price per sq. ft. came in at $295 in August, up from $249 a year earlier. The sixmonth average rose from $252 to $314 over the last year while the volatile three-month average was $311 per sq. ft., up from $253 a year earlier.

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

$300 $250 $200

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

$150

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

Active

Accepted Offers

Oct‐21

Sep‐21

Aug‐21

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

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

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

$1.2M

$1.4M

$1,330,644

$977,201

$959,789

Fountain Hills - October 2021 Market Activity by Price Range 50

46 39

40 27

30 20

10 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

Average Price per Square Foot by Price Range

$2‐3M

$100

2.5

$460

$431

$387

$371

$333

$302

$298

$200

$338

$300

$298

1.2

$344

$1.5‐2M

$400

$267

1.1

$305

$1‐$1.5M

$519

$500

$622

$600

0.8

$297

$500K‐$1M

$700

$3M+

$500K‐$1M

6.0

$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 - October 2021 Price per Square Foot

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

$437

$400 $350

$339

$323

$300

$289 $250 $200

<3,000

$279

$285

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) $450 $400

$385

$350 $300 $250 $200

$397

$310 $267

$276

$257

<1980

1980s

1990s

2000s

2010s

2020s

Price per Square Foot

Active

$298

$316

$332

$311

$327 $0

$296

$350

By Type

$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

October, 2021

On October 1st, we had 366 active listings, down from 384 last month and down a staggering 52% from a year ago. The shortage of inventory is more extreme in North Scottsdale than the city as a whole. Closed sales totaled 164 during September, down 29% from 230 in September 2020. Price rises started to slow down a little. The twelve-month moving average $/SF came in at $400, up from $313 in September 2020, while the six-month average rose from $317 to $421. The volatile three-month average was also $421 having been $325 a year earlier, an increase of 32%.

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

6 Month Avg

$350 $300 $250 $200 Oct‐04 Apr‐05 Oct‐05 Apr‐06 Oct‐06 Apr‐07 Oct‐07 Apr‐08 Oct‐08 Apr‐09 Oct‐09 Apr‐10 Oct‐10 Apr‐11 Oct‐11 Apr‐12 Oct‐12 Apr‐13 Oct‐13 Apr‐14 Oct‐14 Apr‐15 Oct‐15 Apr‐16 Oct‐16 Apr‐17 Oct‐17 Apr‐18 Oct‐18 Apr‐19 Oct‐19 Apr‐20 Oct‐20 Apr‐21 Oct‐21

$150

Number of Listings by Status for the Last Two Years

1,000 800 600 400 200

Active

Accepted Offers

Oct‐21

Sep‐21

Aug‐21

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

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

$3,060,636

$1,838,630

$1,514,915

North Scottsdale - October 2021 Market Activity by Price Range 100

80 60

50 39

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

$700

$100

$484

$451

$520

$414

$387

$407

$373

$200

2.0

$332

$2‐3M

$300

$382

$400

0.9

$333

$1.5‐2M

$500

$589

$600

0.4

$294

$1‐$1.5M

$834

$800

0.6

$302

$500K‐$1M

$900

$651

Average Price per Square Foot by Price Range

$3M+

$500K‐$1M

4.2

$1‐$1.5M

$1.5‐2M

Active

$2‐3M

Sold

$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 - October 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $800 $750 $700 $650 $600 $550 $500 $450 $400 $350 $300 $250 $200

$737

$501

$454 $399 $339

$344

<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) $600 $550

$550

$500 $450 $400

$401

$350 $300 $250 $200

$387

$357

$340

$348

1990s

2000s

No Sales

<1970

1970s

1980s

2010s

2020s

Price per Square Foot By Type

Active

$276

$251

$100

$256

$200

$399

$300

$259

$425

$400

$547

$500

$358

$600

$629

$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 October, 2021

Supply in Paradise Valley recovered a little during September reaching 174 active listings as of the beginning of October. This is down 32% from 256 at the same time last year. Closing counts came in at 23 for September, down sharply from 42 in September last year. It was also down from 32 last month. Prices continued to advance despite the fall in sales volume. The 12-month average price per square foot stands at $542, up 19% from $438 in September 2020. The six-month average stands at $574, up 25% from $433 last year, while the three-month average came in at $576, up 26% from $429 in September 2020.

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

$650 $550

6 Month Avg

$450 $350 $250

$150

Number of Listings by Status for the Last Two Years

Active

Accepted Offers

Oct‐21

Sep‐21

Aug‐21

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

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

<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

$5.0M

$6.0M

$5,163,342

Under contract

<90

$4.0M

$4,621,260

$3,058,745

Paradise Valley - October 2021 Market Activity by Price Range 60

50 40 30

<$1M

14 6

$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+

$1‐$2M Active

$2‐3M

$3‐5M

Under contract

$914

$743

$663

$543

$609

$922 <$1M

10.0

$492

1.6

$460

$2‐3M

$561

1.1

$405

$1‐$2M

$646

0.0

$463

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

$309

<$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 - October 2021 Price per Square Foot

Based on size of the home (sold over the last twelve months) $600

$583 $550

$556

$551 $520

$500

$510 $474

$450

$400

<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

$718

$650

$644

$600 $550 $500 $450

$504

$492

<1970

1970s

$503

$460

$400

$486

$350 $300 $250 $200

1980s

1990s

2000s

2010s

2020s

Price per Square Foot By Type

$1,200

$200

$527 $315 $591

$400

$655 $736

$600

$587

$800

$782 $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

October, 2021 During September, Scottsdale’s active listing count barely moved, fading from 793 to 792. We now have 36% fewer active listings than this time last year. All except one are non-distressed. In September we counted 456 closed sales, up just two from the 454 we saw in September 2020. Prices slowed slightly but still showed dramatic rises over the last year. The twelve-month moving average $/SF came in at $373, up 26% from $296 a year earlier. The six-month moving average stands at $395 up from $301 a year ago and the more volatile three-month average was $394, up from $307 in July 2020, a rise of 28%.

Scottsdale - October 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

Active

Accepted Offers

Oct‐21

Sep‐21

Aug‐21

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

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

$2,187,113

$1,415,250

$1,196,353

Scottsdale - October 2021 Market Activity by Price Range 400 301

288

300

273

206

200 100

$500K‐$1M

105

$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

$2‐3M

2.1

$3M+

$1‐$1.5M Active

$1.5‐2M

$2‐3M

Under contract

$642

$763

$453

$388

$518

$530

$817 $500K‐$1M

4.2

$446

1.2

$431

$1.5‐2M

$371

0.6

$339

$1‐$1.5M

$401

0.7

$303

$500K‐$1M

$900 $800 $700 $600 $500 $400 $300 $200 $100 $0

$339

$338

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

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 - October 2021 Price per Square Foot

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

$707

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

$482

$440

$400

$385

$334

$339

<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

$533

$532

2010s

2020s

$450 $400 $350

$381

$361

$340

$300

$326

$335

1980s

1990s

$250 $200

<1970

1970s

2000s

Price per Square Foot By Type

Active

$285

$254

$373

$504 $357

$249

$100 $0

$363

$200

$403

$300

$248

$400

$380

$500

$564

$600

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

Traditional

Short Sale

REO