Based upon the Scottsdale Real Estate MLS SOLD data comparisons for July 2010 versus a year ago July 2009, Sales volume is DOWN 2%, average SOLD price is DOWN 10% and the average Days On Market to find the buyer has DECREASED from 162 days to 135 days.
The average sales price for Single Family Detached Scottsdale Homes for sale AZ in July 2010 as compared to the previous month is DOWN to $487,999 while the average sales price for Scottsdale Condos/Lofts/Town homes for sale AZ is DOWN to $174,701. That is quite a difference between the average price of Scottsdale homes AZ versus Scottsdale condos and a great buying opportunity for value shoppers to be able to live in Scottsdale!
Scottsdale is a Buyer's Market with a 7.3 month supply of unsold Scottsdale homes for sale AZ and the average days on market at 4.5 months, the Scottsdale real estate market favoring the Buyer over the Seller. The real estate market for Scottsdale homes AZ over $1 Million Dollars, is a STRONG Buyer's Market and a wonderful buying opportunity.
The allure and desirability of Scottsdale real estate remains as strong as ever. The increased supply of Scottsdale Homes for sale and AZ foreclosures is good for Scottsdale home buyers because you now have more wonderful choices and unbelievable values exist. Have me show you where to find them!
Owners of Scottsdale homes already maintain their Scottsdale homes AZ in superb condition and stage their AZ homes to perfection. Sellers are advised to seriously consider whether now is the best time to have their Scottsdale home for sale AZ with all of the competition. If you decide you want to sell now, you will have to price your home aggressively - at or near the asking price of Scottsdale homes that are in Pending status. Gauging your relative market position by comparing your home to other Scottsdale homes AZ that aren't selling or looking at SOLD comps that occurred when the market was stronger, will keep you in a non-competitive price range. If you are priced right relative to today's competition, then patience is its own reward.
Want to learn why Scottsdale is a great place to call home? Contact me at 480-213-1799 or via email at Sam@SamElam.com
Scottsdale Real Estate Market Statistics Affecting Scottsdale Homes for Sale AZ in July 2010
Statistical Market Analysis
Status
# Listings
List Volume
Sold Volume
List Price
Sold Price
Sale/List Price
Agent Days On Market
Cumulative Days On Market
Active
4,026
3,015,241,668
0
Low Avg High
7,795 748,942 15,000,000
0 0 0
0.00 0.00 0.00
0 173 1,836
0 202 1,828
AWC-Seller Written Instructions
390
139,985,339
0
Low Avg High
29,900 358,937 4,995,000
0 0 0
0.00 0.00 0.00
5 154 1,017
5 172 1,017
AWC-Contingent Offers
102
49,378,535
0
Low Avg High
53,500 484,103 3,495,000
0 0 0
0.00 0.00 0.00
4 158 673
4 175 924
Pending
763
302,873,297
0
Low Avg High
29,900 396,951 4,495,000
0 0 0
0.00 0.00 0.00
-15 99 1,018
0 127 1,134
Closed
553
233,234,019
217,277,812
Low Avg High
33,000 421,761 4,495,000
69 392,907 4,425,000
0.00 0.96 1.28
0 107 1,055
0 135 1,281
Overall
5,834
3,740,712,858
217,277,812
Low Avg High
7,795 641,192 15,000,000
-15 156 1,836
0 183 1,828
Versus
Scottsdale Real Estate Market Statistics Affecting Scottsdale Homes AZ Sold in July 2009
The Scottsdale Economic Development report provides insight into the economic plans under consideration or underway and helps to explain why Scottsdale is considered a very good place to do business.
More information about Scottsdale Arizona hotels, restaurants, golf and special events.
Sam Elam Scottsdale Real Estate Agent and Associate Broker Full time Phoenix REALTOR® since 1990 ABR, CRS, GRI, e-PRO Prudential Arizona Properties 3701 E. Baseline Road, Suite F-102, Gilbert, AZ 85234
(480) 213-1799 Cell (480) 467-4900 Office (800) 592-3360 Toll Free Email Samyour Scottsdale real estate questions for expert advice.
For expert guidance with your next real estate transaction, call Sam at 480-213-1799 Phoenix Real Estate Agent and Arizona Real Estate Broker Full time real estate professional since 1990
Email Sam your Scottsdale real estate questions for expert advice. 