Scottsdale Market Trends
Maricopa County Market Trends
This is the current data for home prices, inventory and market activity for the greater Phoenix area, including Scottsdale. The Scottsdale real estate market has been on an upturn since the end of 2011, when home prices were astonishingly low. The median sales price for homes in Maricopa County is up 10.5 percent from last year, and the average sales price is up 6.0 percent.
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
Demand Pushes Valley Year Over Year Home Price Gains to #1
By Angela Gonzales, Phoenix Business Journal, July 29, 2020
Once again, Phoenix has reported the highest year-over-year gains in home price growth, well ahead of other key U.S. cities.
With a 9% year-over-year gain in May among 19 cities measured by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, Phoenix was followed by Seattle, at 6.8% and Tampa, Florida, at 6% growth. The national average was a 4.5% annual gain, down from 4.6% in the previous month.
June Sales Thump May Sales
By Fletcher Wilcox – Grand Canyon Title, July 2, 2020
Greater Phoenix Single Family Resales in June 2020 thumped May by 1,940 sales.
June sales were the highest so far this year — beating the previous record set in March by 615 sales and falling only 91 sales behind June 2019 (6,827).
Phoenix Real Estate Entered 2020 on a High
By Catherine Reagor – The Arizona Republic, May 28, 2020
Metro Phoenix’s housing market slowed quickly in the early days of COVID-19 but is showing signs of bouncing back.
New listings and home sales cancellations climbed in March when many homeowners and homebuyers were worried about making mortgage payments as unemployment soared.
The Valley’s real estate industry didn’t stop though. Real estate agents, mortgage brokers, title agencies, home builders, appraisers and home inspectors donned masks, gloves and figured out how to keep home sales going during the health and economic crisis.
Strong Q1 start for home sales slowed by COVID-19 pandemic
AZ Big Media, April 20, 2020
Despite the advance of the coronavirus across the U.S. in the second half of the month, March home sales increased 2.7% year-over-year in the report’s 52 markets – a hint of what might have been.
March was the fourth consecutive month with year-over-year increases in U.S. home sales – a streak not seen since 2016. But the spread of COVID-19, and the initiation of governmental measures to slow it, dampened the month’s overall sales results:
Stay informed on the latest Scottsdale AZ real estate market trends by bookmarking this page. The real estate trends in Phoenix 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 Scottsdale real estate market trends and housing statistics right here. We want all of our clients to have access to the most current Scottsdale real estate stats and trends.
Please call Carmen Brodeur at (602) 791-0536 with any questions.