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Welcome to Scottsdale Land 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 Homes. 🙂
Our Median Sales Price in June was $325,000, down -13.3% from $375,000 in June of 2019 and down -15.4% from $384,000 last month. The average sales price in June was $406,436, down -17.2% from $490,911 in June of 2019 and down -40.7% from $685,386 last month. June 2020 ASP was at the lowest level compared to June of 2019 and 2018.
We can currently see (463) Scottsdale Lots available today! (inventory is falling)
Scottsdale Land & Lots ~ Newest Listings
Scottsdale Land ~ Monthly Market Report
(Scottsdale Land) Our June property sales were 39, up from 17 in June of 2019 and 77.3% higher than the 22 sales last month. June 2020 sales were at their highest level compared to June of 2019 and 2018. June YTD sales of 162 are running 8.7% ahead of last year’s year-to-date sales of 149.
(Scottsdale Land) The total inventory of properties available for sale as of June was 490, down -6.7% from 525 last month and down -13.9% from 569 in June of last year. June 2020 Inventory was at the lowest level compared to June 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 June was 291, up from 269 days last month and down from 312 days in June of last year. The June 2020 DOM was at a mid range compared with June 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 June 2020 selling price per square foot of $0 was equal to $0 last month and equal to $0 in June 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 June 2020 selling price vs list price of 87.6% was down from 88.8% last month and up from 83.8% in June 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 🙂