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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 November was $320,000, up 15.3% from $277,500 in November of 2019 and down -0.6% from $321,775 last month. The average sales price in November was $382,167, up 15.0% from $332,180 in November of 2019 and down -0.8% from $385,335 last month. November 2020 ASP was at highest level compared to November of 2019 and 2018. (more monthly market report below photos)
We can currently see (279) condos available in Scottsdale today. (inventory is falling)
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 November property sales were 279, up from 251 in November of 2019 and -11.4% lower than the 315 sales last month. November 2020 sales were at their highest level compared to November of 2019 and 2018. November YTD sales of 2,892 are running 6.1% ahead of last year’s year-to-date sales of 2,727.
(Condos / Townhomes) The total inventory of properties available for sale as of November was 630, up 8.1% from 583 last month and up 15.4% from 546 in November of last year. November 2020 Inventory was at a mid range compared to November 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 November was 46, up from 37 days last month and up from 44 days in November of last year. The November 2020 DOM was at a mid range compared with November 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 November 2020 selling price per square foot of $272 was up 1.9% from $267 last month and up 13.3% from $240 in November 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 November 2020 selling price vs list price of 97.1% was down from 97.5% last month and up from 96.5% in November 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 🙂