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 9.8 percent from last year, and the average sales price is up 9.2 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.
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:
Serious Homebuyers Are Active During Pandemic, NAR Flash Survey Shows
By Liz Dominguez – RIS Media, April 16, 2020
Many fear a stalled market due to the spread of COVID-19. However, according to the newest Economic Pulse Flash Survey from the National Association of REALTORS® (NAR), buyers are out there, and they are more serious than ever before.
According to the survey, the median number of homes being toured has gone down during the pandemic. Previously, buyers looked at nine homes before purchasing. Now that number is down to three—they’re moving faster amid crisis concerns.
Phoenix metropolitan housing market braces for global pandemic implications
By Terrance Thornton – Daily Independent, April 3, 2020
Although it is too early to tell how the global pandemic of 2020 will impact the United States housing market — Valley housing experts are no more certain than others — but Arizona real estate experts contend heading into uncertain financial waters the Phoenix metropolitan housing market is well-positioned to weather the storm.
“It is very early in this process,” said Mark Stapp, executive director at The Center for Real Estate Theory and Practice at the W.P. Carey School of Business at Arizona State University.
The Latest Numbers On Coronavirus’ Impact On The Residential Real Estate Market
By Ellen Paris – Forbes, April 2, 2020
Realtor.com just released its latest numbers on COVID-19’s impact on the national residential real estate market. The data tracked is for the month of March, which not surprisingly changed significantly over 31 days.
“The month started out to be a strong spring buying season, which is what we expected,” explains Danielle Hale, chief economist at Realtor.com. “The impact of COVID-19 materialized in the latter half of March. Week by week, we are seeing decreases in new listings.”
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.