Scottsdale Homes 85250
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Price / SqFt…
The March 2020 selling price per square foot of $264 was up 5.2% from $251 last month and up 14.8% from $230 in March of last year. There are currently (115) Properties for sale in the Scottsdale Arizona Homes 85250 Zip Code Area.
Scottsdale Homes 85250 ~ Newest Listings
Scottsdale 85250 ~ Monthly Market Report
(Scottsdale 85250) Our March property sales were 63, down from 64 in March of 2019 and 46.5% higher than the 43 sales last month. March 2020 sales were at a mid level compared to March of 2019 and 2018. March YTD sales of 139 are running -6.7% behind last year’s year-to-date sales of 149.
(Scottsdale 85250) Our Median Sales Price in March was $436,200, up 17.9% from $370,000 in March of 2019 and up 13.9% from $383,000 last month. The average sales price in March was $466,086, up 0.4% from $464,015 in March of 2019 and up 8.1% from $431,233 last month. March 2020 ASP was at highest level compared to March of 2019 and 2018.
(Scottsdale 85250) The total inventory of properties available for sale as of March was 114, up 25.3% from 91 last month and down -1.7% from 116 in March of last year. March 2020 Inventory was at a mid range compared to March 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 March was 41, up from 28 days last month and down from 59 days in March of last year. The March 2020 DOM was at its lowest level compared with March 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 March 2020 selling price per square foot of $264 was up 5.2% from $251 last month and up 14.8% from $230 in March 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 March 2020 selling price vs list price of 98.2% was up from 97.9% last month and up from 95.4% in March 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 🙂