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Welcome to Scottsdale Condos where we hope you enjoy your time here! Your Search Results will appear below showing the “Newest Listings” first. We also provide Live Video Previews for your favorite Scottsdale Condos. 🙂
(Scottsdale Condos & Townhomes)
The Median Sales Price in August was $306,000, up 9.5% from $279,500 in August of 2019 and up 3.4% from $296,000 last month. The average sales price in August was $371,555, up 13.3% from $327,972 in August of 2019 and up 7.6% from $345,410 last month. August 2020 ASP was at highest level compared to August of 2019 and 2018. (more monthly market report below photos)
We can currently see (316) condos available in Scottsdale today.
Scottsdale Condos ~ Newest Listings
There is a Growing Interest today in Scottsdale Condos for each of – Convenience, Price Point, Vacation Homes, and Investment Income! We believe this a Very Good Buyer Opportunity, because many Communities still have “not” reached the older prices that we had back in 2006! Also – Our Large “Influx” of people moving to Arizona daily, moderate 6-8% Equity Growth, and historically Low Interest Rates will help this Investment.
Scottsdale Condos / Townhomes ~ Monthly Market Report
(Condos / Townhomes) Our August property sales were 281, up from 230 in August of 2019 and -9.4% lower than the 310 sales last month. August 2020 sales were at their highest level compared to August of 2019 and 2018. August YTD sales of 2,012 are running 1.3% ahead of last year’s year-to-date sales of 1,986.
(Condos / Townhomes) The total inventory of properties available for sale as of August was 655, up 19.3% from 549 last month and up 18.7% from 552 in August of last year. August 2020 Inventory was at highest level compared to August of 2019 and 2018.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for August was 45, down from 54 days last month and down from 53 days in August of last year. The August 2020 DOM was at its lowest level compared with August of 2019 and 2018.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The August 2020 selling price per square foot of $258 was up 3.2% from $250 last month and up 10.3% from $234 in August of last year.
Selling Price (vs) Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The August 2020 selling price vs list price of 96.5% was down from 96.6% last month and up from 96.0% in August of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955 ~ We are located next to Paradise Valley (See Map Here) ~ You can also see us at Arizona Luxury Homes 🙂