DEDICATED SERVICE TO YOU 110% 365 24/7. When buying, my clients are led to the highest quality, most beautiful homes the market has to offer. Including all MLS market listings, off market listings and special search offerings. Selling clients experience a consistent level of high quality marketing and exposure that is second to none in the business. This has been evidenced by my consistently record breaking community sales.
Latest - Home Prices Scottsdale From 1 Million to 30 Million.
Read More - Bookmark this tab for updates. Latest Home Price Update, March 15th - 2024 for Scottsdale, Paradise Valley and Phoenix - Comparisons and Trends Study.
FLASH UPDATE - HOME PRICES PHOENIX -
On December 29th 2023 The monthly average price per foot across all areas and housing types - in the Armls data base was $283.87. On January 27th 2024 the average price per square foot, of all active listings was $366.43 - surpassing all previous peaks - Today March 15th NEW HIGH IS $467.34
Scottsdale Home Pricing From 1 million to 1.5 million
In late November of 2023 the average price per square foot average price of closed sales price, for homes, closing between 1 and 1.5 million in Scottsdale was $435.69 psf. (based on 55 sales including both new construction and resale.) On January 27th 2024 the average closed sales price for home between 1 million and 1.5 million was $450.51 Up 3.3 % . At that time, there are 265 active listings in the 1 mil to 1.5 mil price range. Ranging in size from 1750 square feet to 4418 square feet. In my November report, there were 235 active listings in this price range. Homes ranged in size from 1,183 Square feet to 5,343 square feet. Today March 15th The per square foot sale price for homes sold in Scottsdale between 1 m and 1.5 million is 462.53, a 2.6% increase since January . Noting today, there are 339 active home listings in Scottsdale priced between 1m and 1.5m. A whopping
36% INCREASE. If anyone remembers base economics from high school, when inventory increases prices usually come down. We have new math in Scottsdale or the pendulum has not swung... yet.
For those reading , please let me know if you enjoy the comparison notes. I consider comparison notes more helpful, than daily stats without comparisons.
Scottsdale Pricing and Graphs and Data 1.5 million to 2 million
SCOTTSDALE Luxury starts at 1.5 million and in late November 2023 we were are at $499.00 psf based on 28 sales. In November 2023 there were 196 active listings, On January 27th 2024 The average psf SOLD price of homes was $524.63 with 195 active listings.
Today March 15th there are 219 Active home listings between 1.5 and 2m - Inventory is up 11%.. The current average psf sale price of homes selling between, 1.5 and 2 million in Scottsdale is $522.65 psf
Scottsdale Home Prices 2 Million to 3 million (Please call for additional numbers in any price range or area.
Scottsdale Home priced between 2 million and 3 Million are still a favorite of cash buyers and those home buyers more interested in comfort now. In November, the PSF sale price of homes in Scottsdale, selling between 2 and 3 million was $625.00 psf on January 27th, we were at $600.00 psf . Today March 15th, there are 261 Active home listings between 2m and 3m - Inventory is up 9% since February. The current average psf sale price of homes selling between, 2m and 3 million in Scottsdale is $616 psf
Homes Prices in Scottsdale 3 million and Over
SCOTTSDALE In the November report, there were 14 - 3+ million dollar home sales. The average per square foot price, based on the 14 sales was $911.75 . With the highest sale being $13.850,00 million. Comparing numbers to Oct (equal date ranges) there were 24 sales with an average psf sale price of $852.07 psf. The highest sale in October being $12,000,00 million. On January 27th 2024. The average per square foot sale price of homes over 3 million was $785.00 psf. with 38 sales. Today March 15th, there are 317 Active home listings over 3m - Inventory is up 8.9% since January 27th. The current average psf sale price of homes over 3 million in Scottsdale is $816 psf based on 34 sales. The highest sale being 9.3 million in Lost Canyon Estates.
Silverleaf still has some of the highest average psf sale prices and highest dollar sale prices This period high sale in Silverleaf was just 4.2 . Desert Mountain has been posting some high sales. Most recently a sale at 6.6 million
Housing Inventory in Greater Phoenix including Scottsdale.
For those of you who have been waiting for prices to drop since last year and for many, waiting several years. The market has been up and down. Only recently, am I seeing indicators that prices.. should start coming down by June
2024..
Housing Inventory Buyer Tip.
**My fixed note is always - When buying, let's be patient and purchase, " more exceptional properties - on *better lots"; those will always earn a higher sale price - relative to market and be more pleasurable to live in.
Phoenix Area Home Units Available.
Housing Inventory in the Phoenix Metro area was 14,946 in March 2023, on June 25th 2023 it was down to 12,179 days...on July 28th 2023 we were at just over 11,000 homes for sale. In very early September 2023 we were at 12,835. On November 26th 2023 we were at 16,500 homes on market. Today March 15th 2024 17.784. - The current trend is 'slowing', with rising inventory. Note - Rates continue to be a force to a degree in pricing and the way 'inventory' is currently moving up, we should see an effect soon. To see today's rates to current market fluctuations. Check out - TODAY'S Mortgage Rates.
Paradise Valley Real Estate Snapshot
Number of Single Family Dwellings in Paradise Valley on January 27th 224 was 227 (included homes that might be considered "tear downs") Average "sold " price PSF of homes over 3 million on January 27th 2024 was $882.25. Today March 15th 2024 There are 225 sfr available for sale with the latest PSF sale price for homes selling over 3 million coming in at 849.85psf. PSF down 3.8% . That equals a 5.3% difference between List and sold price. For More details on the Paradise Valley luxury market see my sister site ParadiseValleyLuxuryHomeCollection.com *Updated every 55 days - Next Update by May 15th 2024.
Scottsdale - Paradise Valley Real Estate Market Statistics - by the Numbers
Read this monthly report for the latest - Homes Prices Scottsdale - Paradise Valley. The ARMLS (Realtor Data and Statistics site) numbers for November 2023 compared to previous months for all areas & types: These stats are available as the "Sold Homes" are recorded with Maricopa county. Accordingly, for up to minute stats on a neighborhood or 'available listings' in a specific neighborhood, Please call me. It is my pleasure to discuss any specific home pricing updates. Or to review any Paradise Valley or Scottsdale Community or home of interest.
HOME BUYING TIP FOR ARIZONA'S BEST HOMES. - In the west we say, "Don't bring a knife to a gun fight" - In other words; if you are vying for top "best' quality homes in a bidding war, a less than concerted, all out effort, will have an unlikely chance of success. However "if" the home is ' less than perfect , sharpen your pencil, we can negotiate the home down.
New Day New Housing Market updates
Sales Contract Statistics Available by Text
Scottsdale and Paradise Valley Home Prices and Stats
* Scottsdale Homes for Sale from $500,000 to $1,000,000 - Call or Text
* Scottsdale Home listings for Sale from $1001,000 to $2,000,000 - Text or Call
* Paradise Valley Homes For Sale between $2,500,000 and $7,500,000 - Call or Text
* Homes for Sale in Scottsdale listed range of $2,000,000 and $5,000,000 - Call or text
Phoenix Metro - Home Prices and Market Stats
- Pending Listings Scottsdale: - Call me for up to minute
- Active listings in greater Phoenix including Scottsdale and PV
- Total area measure is over 515 Square Miles of the Phoenix MLS
- Under Contract Listings (including Pending, CCBS & UCB): Call for up to minute
- Monthly Sales: Are DOWN. For a detailed report - Text me
- Highest Price drops this Month - This fact is always interesting - Call
- Monthly Median Home Sales Price: Interesting number - Email or Call
Market Update Definitions and Resources
THE MARKET INDEX REPORT (To be updated below by March 20th)
Market Index - Is a numeric value that provides a short term forecast for the balance of the market. It is derived from the trends in pending, active and sold listings compared with historical data over the previous four years. Values below 100 indicate a buyer's market, whereas values above 100 indicate a seller's market. Comparatively - A value of 100 indicates a balanced market. In fact, Today Jan 27th Scottsdale is at 132.7 in early June on the CMI. Comparatively, Paradise Valley has also just dropped a significantly from a CMI was 107, today Paradise Valley has a CMI of 98 In comparison, in May of 2022 Paradise Valley had a CMI of 453, an unheard of 'tip of the home scale" - favoring sellers. For additional perspective, Paradise Valley ran an average of 440 days of inventory in 2015. Currently Paradise Valley has 207 days of inventory (Homes Priced at 2m and up). Scottsdale currently has 107 days of housing inventory (Homes priced from 1m to 30m) down from 3.9 months in September. *In June of 2022 Scottsdale had under 60 days of inventory.
*** What does this month's Market Index Show today for other cities - Please call for details. This is Changing daily!
REPORT UPDATED FOR YOU EVERY MONTH -
Please call me for a more detailed analysis. My pleasure to review them with you. In addition, I am here to provide you excellent representation and counsel when buying or selling a home.
Again please enjoy the graphs and market report. And please call me for additional information. Noting: Entire report updated at least every 55 days. In other words, bookmark this page.
Call Michael Chaisson Realtor - Multi Award Winning Realtor - Launch Realty Powered By Compass - Specializing in Luxury Homes in Scottsdale, Paradise Valley and the greater Phoenix area. 480-450-4632
National Home Pricing Forecast/Projections including Scottsdale -
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