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 4.8 percent from last year, and the average sales price is up 4.8 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.
Articles on the Scottsdale and Phoenix Real Estate Market
Outlook: Here’s Why the Phoenix Housing Market Probably Won’t ‘Crash’ in 2020
HBI, By Brandon Cornett, January 14, 2020
A recent forecast for the Phoenix, Arizona real estate market predicted that home prices would continue rising through 2020. And that’s not surprising. Based on the current supply-and-demand situation in the area, it seems unlikely that the Phoenix real estate market will crash anytime soon.
With that being said, this market will probably experience a lower level of home-price appreciation in 2020, compared to the gains of 2018 and 2019.
Scottsdale repeats as the No. 1 city for jobs in U.S.
AZ Big Media, January 07, 2020
For the second consecutive year, WalletHub has named the City of Scottsdale as the best place in America to find a job. The comprehensive study compared more than 180 US cities across 31 key indicators of job-market strength. Job opportunities, monthly average salary, unemployment rate, and housing affordability are just a few of the metrics utilized in developing the 2020 list where Scottsdale came out on top.
“Scottsdale remains committed to attracting and retaining the best of the best employers and employees and receiving this ranking and recognition two years in a row reaffirms Scottsdale’s position as a top location of choice for those looking to advance their career or grow their business,” says Rob Millar, Director of Economic Development for the City of Scottsdale.
Economic indicators illustrate strong Phoenix metropolitan housing market
Scottsdale Independent – By Terrance Thornton, December 19, 2019
Real estate experts agree the Phoenix metropolitan housing market is primarily a seller’s paradigm at the moment, but Realtors also say it depends on what you are trying to sell.
With reportedly more than 200 human beings moving to Maricopa County every day, real estate experts contend calendar year 2020 could be a boom year in Arizona real estate.
Case-Shiller Home Prices: Approaching a Balanced Market—but There’s a Big If
By Suzanne De Vita – RSI Media, August 27, 2019
In a 15-month trend, annual appreciation decelerated to 3.1 percent in June, falling from 3.3 percent in May, according to the national S&P CoreLogic/Case-Shiller Indices, released today.
The declining gains indicate a return to sustainability, explains Philip Murphy, managing director and global head of Index Governance at S&P Dow Jones Indices.