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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 June was $305,000, up 8.9% from $280,000 in June of 2019 and up 7.0% from $285,000 last month. The average sales price in June was $345,449, up 0.3% from $344,392 in June of 2019 and up 0.8% from $342,829 last month. June 2020 ASP was at highest level compared to June of 2019 and 2018.
We can currently see (294) 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) May property sales were 222, down from 299 in May of 2019 and 7.8% higher than the 206 sales last month. May 2020 sales were at their lowest level compared to May of 2019 and 2018. May YTD sales of 1,177 are running -4.0% behind last year’s year-to-date sales of 1,226.
(Condos / Townhomes) The median sales price in May was $285,000, up 7.5% from $265,000 in May of 2019 and down -8.1% from $310,000 last month. The average sales price in May was $343,653, up 7.1% from $320,999 in May of 2019 and down -6.5% from $367,399 last month. May 2020 ASP was at highest level compared to May of 2019 and 2018.
(Condos / Townhomes) The total inventory of properties available for sale as of May was 756, up 6.3% from 711 last month and up 15.2% from 656 in May of last year. May 2020 Inventory was at highest level compared to May 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 May was 36, up from 35 days last month and down from 50 days in May of last year. The May 2020 DOM was at its lowest level compared with May of 2019 and 2018.
Selling Price / 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 May 2020 selling price per square foot of $249 was down -0.4% from $250 last month and up 7.8% from $231 in May 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 May 2020 selling price vs list price of 95.6% was down from 97.4% last month and down from 95.9% in May 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 🙂