Top Scottsdale Homes Paradise Valley and Scottsdale Market Trends

Wondering what the market is like in the Paradise Valley and Scottsdale metro area? Below is the current data for home prices, inventory and market activity. The real estate market has been on an upturn since the end of 2011, when home prices were astonishingly low. Now, the median sales price for single-family homes in Maricopa County is up 8.1 percent from last year, and the average sales price is up 6.1 percent. The number of foreclosures and short sales on the market has dropped dramatically, plummeting more than 50 percent over the past year.

For more information on the current market trends in Paradise Valley and Scottsdale check out recent articles at the bottom of this page, or contact Carmen Brodeur at (602) 791-0536 or email Carmen@TopScottsdaleHomes.com.

Scottsdale Median Sales Price
 

Median Home Sale Price

Scottsdale home prices have increased quite a bit since the downturn. The median sales price for homes in the Scottsdale area hit bottom at the end of 2011.

 



 
Maricopa County Market Activity
 

Maricopa County - Key Metrics

The Phoenix and Scottsdale housing market has improved significantly in the past year. We have seen an increase of 8.1% in the median sales price within the last year. Homes are selling for 97.5% of list price on average due to the high competition between buyers.

 



 
Foreclosure Sales
 

Maricopa county Residential Foreclosure Data

Maricopa County Home Foreclosures by Year

Metro Phoenix foreclosures are down significantly – a result of the vastly improving market. However, this means that there are far fewer foreclosures on the market than there are buyers interested in foreclosures. There simply aren’t enough foreclosures on the market to satisfy all the buyers who want to purchase a foreclosure. Because of this increased competition, many foreclosures and short sales sell for above the list price. The decreasing number of Phoenix foreclosures has contributed to rising home prices.

 



 

 

Phoenix-area home sales, prices cool in July

The Republic | azcentral.com, By Catherine Reagor Sept 16, 2014

Metro Phoenix’s housing market didn’t heat up in July. Both sales and prices dipped.

Home sales fell 4.5 percent and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University.
Read more

 


Expert Says Valley’s Modest Real Estate Gains Are Good News

By KJZZ News, June 24, 2014

New statistics released Tuesday by the home data company RealtyTrac show home prices were up 13 percent nationally last month.

In Phoenix and Arizona they were up, but at a considerably lower rate of 6 percent. That compares to 28 percent last May.
Read more

 


Sales of existing homes jump in May

Phoenix Business Journal, video, June 23, 2014

Sales of existing homes jumped nearly 5 percent in May to an annualized rate of 4.9 million, the biggest monthly increase in nearly three years.

May’s sales volume, however, was 5 percent below what it was a year earlier, according to the National Association of Realtors.
Read more

 


Phoenix housing market sees normal spring bounce but what comes next?

ASU News, May 06, 2014

The Phoenix-area housing market is experiencing a normal seasonal spring bounce in activity and prices, but what will happen next? A new report from the W. P. Carey School of Business at Arizona State University talks about the waves of consumers that will likely start returning to the housing market next year, for the first time since the recession.

Here are the latest details about Maricopa and Pinal counties, as of March
Read more

 


Stay informed on the latest Scottsdale AZ real estate market trends by bookmarking this page. The real estate trends in Paradise Valley and Scottsdale are completely different than the national trends. This page is updated frequently to keep you informed on the changes in the market. Research the latest Greater Phoenix real estate market trends and housing statistics right here. We want all of our clients to have access to the most current real estate stats and trends.

Please call Carmen Brodeur at (800) 300-0263 with any questions.