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.
Land Prices Soaring in the Valley’s Luxury Market
Angela Gonzales, Phoenix Business Journal, August 27, 2024
Land prices are through the roof in some of the Valley’s luxury residential markets, according to research conducted exclusively for Phoenix Business Journal.
Looking at land prices over the past three years, J. Andrew Turley, president of Phoenix Valuations, found land prices doubled in Paradise Valley and the Arcadia area of Phoenix for parcels that were 2.5-acres and smaller.
Closed Sales Increase Year Over Year in the Phoenix Valley
Phoenix Agent Magazine, August 9, 2024
Closed sales increased 7% in July compared to the same month last year, new data from Phoenix REALTORS® shows.
The total number of transactions topped 5,000, which is higher than the same period in 2023 or 2022.
Closed sales in Goodyear increased 41.1% in July compared to last year. Phoenix increased 7% and Mesa 8.2%. Scottsdale was up 2.9% and Buckeye increased 2.7%. Gilbert and Surprise both showed drops in closings.
Yun: It’s Impossible for Home Sales to Remain Low
Graham Wood, Realtor Magazine, May 7, 2024
Though sales are currently at a 30-year low, long-term growth in the U.S. population ensures more elevated homebuying activity in the near future.
Given the long-term growth of the U.S. population, there’s no way home sales can remain historically low for much longer, National Association of REALTORS® Chief Economist Lawrence Yun said Tuesday.
Scottsdale Home Sale Price Rose Last Month
Paul Maryniak, Scottsdale Progress, March 27, 2024
The median sales price of homes sold in Scottsdale last month rose 5.7% to $1,155,250 but the average sales price of those homes was far higher.
Phoenix REALTORS data show that the 326 Scottsdale home sales that closed in February had an average price of $1,465,680. Though that average represented only a 1% gain over average prices a year earlier, it was over twice the average $580,689 sale price for homes last month for the Phoenix Metro region.
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.
Voted in the Top 3 Realtors in Arizona every year 2015-2023, by Ranking Arizona Magazine. 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.
