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Homes For Sale

Market Trends

Scottsdale Market Trends

Median Home Sale Price


 

Maricopa County Market Trends

Maricopa County - Key Metrics

The overall prices of homes in Scottsdale and Phoenix are softening as interest rates rise. The inventory of homes for sale is also rising which gives Buyers more options to choose from. It is becoming a more balanced market between Buyers and Sellers in 2022. In the first quarter of 2022, the median sales price for homes in Maricopa County is up 28.8 percent from last year, and the average sales price is up 22.6 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.


 

Phoenix Home Price Growth Exceeds 28% in May, Deceleration on the Horizon

By Lindsey Wells, Phoenix Agent Magazine, July 6, 2022

Steeper mortgage rates and priced-out buyers paved the way to a slightly cooler housing market in Phoenix and other major cities this spring, hinting that the booming post-pandemic seller’s market may have an expiration date. 

Although the market appears to be shifting slightly in favor of buyers, aspiring U.S. homeowners shouldn’t expect to see lower home prices or interest rates anytime soon. 

Read more


 

Phoenix Ranks No. 2 Among Hottest Housing Markets in U.S.

AZ Big Media, July 1, 2022

The housing market has exploded in recent years due to fluctuating mortgage rates, high demand accompanied by low inventory, as well as remote working opportunities allowing millions to rethink their home base. Americans have begun to rethink their priorities in a living space, many prioritizing space and comfort while others have flocked to bustling metropolises, leading to an exponential increase in home ownership.

Read more


 

What’s Ahead for Housing in Phoenix

By Steven Hensley, Builder, June 23, 2022

Those involved in the Greater Phoenix housing market are beginning to feel the fury of years of rapidly rising home prices and now rapidly rising mortgage interest rates. The latest Zonda data shows the average new-home base price sits at $697,135, which is 44% higher than two years ago. From year-end 2021 to today, the double whammy of rising home prices and rising mortgage interest rates results in an estimated monthly mortgage payment increase of 52%.

Read more


 

May Marks Turning Point in Housing Frenzy, Homebuyers Starting to Regain Control

By Liz Hughes, Phoenix Agent Magazine, June 7, 2022

Homebuyers are finally starting to regain some control.

May was a turning point in the pandemic housing frenzy, according to a new Redfin report, which saw home inventory climb to a new high and more sellers dropping their prices.

Read more


 

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.

Meet Carmen

Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Realtors in Arizona, by the readers of Ranking Arizona Magazine, 2015-2022. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Your Troon Real Estate Connection

Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

Our Office

We are conveniently located in North Scottsdale close to Loop 101.

Trillium Properties, LLC
9825 E Bell Road, Suite 120
Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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