Scottsdale Market Trends
Maricopa County Market Trends
For more information on current market trends in Phoenix and Scottsdale contact Carmen Brodeur at Carmen@TopScottsdaleHomes.com, or check out recent articles below.
3 Highest-Priced Neighborhoods Driving Hot Housing Market
AZ Business Magazine, June 19, 2021
The Metro Phoenix housing market is red-hot right now, but the highest-price neighborhoods are even outperforming the rest of the market.
• In May, the median listing price for a home in the Phoenix-Mesa-Scottsdale market was $450,000, a 17.1 percent year-over-year increase.
• In April, 655 million-dollar home sales closed. To put that into perspective, fewer than 200 million-dollar home sales closed in April of 2020.
• The number of homes that sold in April with prices in excess of $3 million was 73, a 66 percent increase since just December 2020.
Metro Phoenix Home Prices Reach New High of $450,000 in May
AZ Business Magazine, June 7, 2021
U.S. median home prices continued its double-digit appreciation in May reaching a new an all-time high of $380,000, but in a good sign for home shoppers contending with a competitive housing market, the rate of price growth moderated for the second time in 13 months, according to the Realtor.com Monthly Housing Trends Report released today. As for Metro Phoenix home prices, the median listing price hit $450,000, a 17.1% increase year over year.
High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes
By Lily Katz, Redfin News, June 2, 2021
Purchases of high-end homes in the U.S. jumped 26% year over year during the three months ending April 30, outpacing the 17.8% gain in purchases of affordable homes and the 14.8% increase in purchases of mid-priced homes.
This is according to a Redfin analysis that divides U.S. residential properties into three equal-sized buckets—high-end, mid-priced and affordable—based on Redfin Estimates of the homes’ market values. Scroll down to the methodology section at the bottom of this report to read more about how we determine which homes are in each bucket. It’s important to note that year-over-year changes in this report may be somewhat exaggerated because pandemic stay-at-home orders halted home buying and selling around this time last year.
Phoenix No. 1 in U.S. for Year-Over-Year Home Price Increase
AZ Business Magazine, June 1, 2021
S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for March 2021 show that home prices continue to increase across the U.S. and Phoenix leads the way with the highest year-over-year home price increase.
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.