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Scottsdale AZ Real Estate Housing Market Report - December 2022

1/11/2023

0 Comments

 

Scottsdale AZ Real Estate Housing Market Report - December 2022

After Scottsdale's average sales price reached a new all-time high of $1,499,763 in June, the average sales price has declined overall, and decreased in December to end 2022 at $1,350,065.

After remaining at $440/sf the last two months, the average price of Scottsdale homes per square foot decreased to $427/sf for this month. The average sold price per square foot in Scottsdale has now decreased in 5 out of the last 7 months.

 
Scottsdale days on market has increased for the third straight month, going from 51 DOM in September up to 75 DOM for December. This is the highest DOM for Scottsdale since January of 2021 when it was at 76 DOM. Scottsdale sales prices have been decreasing over the last 6 months, and homes are beginning to remain on the market longer. It seems like the market has become more balanced between buyers and sellers heading into 2023.
Scottsdale AZ homes for sale | Troy Erickson Realtor
After increasing in August, Scottsdale home sales have decreased the last four months in a row. Scottsdale home sales has gone from 322 in August to 238 in December. This is an extremely low number for December, as the average number of Scottsdale homes sold in December over the last two years has been over 566. Scottsdale home sales are now -52.3% lower than they were in December of 2021.
 
After increasing last month, the number of new Scottsdale listings has decreased three months in a row, going from 575 in September to 272 in December. This is now the lowest number of new Scottsdale listings in any December over the last five years. New listings this December are lower than in December of 2021 by -17.1%.

The number of active Scottsdale listings has decreased for the second straight month after increasing the previous seven months, going from 1,464 in October to 1,287 this month. Active Scottsdale listings are now 59.3% higher than in December of last year. Over the last six months it looks like there is a steady shift happening in the housing industry to a more balanced market.
 
Listings are still low overall and continue to drive demand, however, Scottsdale home prices have begun to drop as things are slowing down from the frenzied pace of 2020 through the first half of 2022. Home sales in Scottsdale are now occurring at a more regular pace while home inventory is still a little low.
 

Median home values in Scottsdale have increased an average of 0.7% since December of 2021. With interest rates hovering around 6.5%, the number of buyers looking to purchase Scottsdale homes should be around the same as the number of sellers as we head into the new year.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the 
Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - December 2022
If you’re considering selling your house, let my expertise guide you through the process to ensure a smooth transaction while navigating today's housing market.
​​
If you're thinking of buying a home, connect with me to begin your journey to homeownership.

Whether you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me today so we can put your plans into motion. 
Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Scottsdale AZ homes for sale
Real estate for sale in Scottsdale
Homes for sale in Scottsdale Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Scottsdale real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Scottsdale AZ Real Estate Housing Market Report - November 2022

12/13/2022

0 Comments

 

Scottsdale AZ Real Estate Housing Market Report - November 2022

After Scottsdale's average sales price reached a new all-time high of $1,499,763 in June, the average sales price has declined overall, but has increased over the last two months, going from $1,200,012 in September to $1,378,292 for November.

After increasing last month, the average price of Scottsdale homes per square foot remained at $440/sf for November, the same as it was last month. The average sold price per square foot in Scottsdale has now increased or remained the same in 24 out of the last 29 months.

 
After increasing to 59 DOM in October, Scottsdale days on market remained exactly the same in November. The Scottsdale DOM was as high as 76 in January of 2021, so being at 59 DOM is still low, especially for homes at this price point. Increases in Scottsdale home values are slowing, and homes are beginning to remain on the market longer, but it is still slightly a sellers' market.
Scottsdale AZ homes for sale | Troy Erickson Realtor
After increasing in August, Scottsdale home sales have decreased the last three months in a row. Scottsdale home sales has gone from 322 in August to 270 in November. This is an extremely low number for November, as the average number of Scottsdale homes sold in November over the last two years has been over 500. Scottsdale home sales are -45.5% lower than they were in November of 2021.
 
After increasing last month, the number of new Scottsdale listings has decreased two months in a row, going from 576 in September to 349 in November. This is now the lowest number of new Scottsdale listings in any November over the last four years. New listings this November are lower than in November of 2021 by -23.8%.

The number of active Scottsdale listings decreased in November after increasing the last seven consecutive months, going from 1,452 in October to 1,428 this month. However, new listings have increased by a total of 38 in the last four months, so active listings have remained fairly steady. Active Scottsdale listings are now 53.1% higher than in November of last year. It looks like there is a steady shift happening in the housing industry to a more balanced market.
 
Listings are still low overall and continue to drive demand, however, Scottsdale home prices have begun to drop as things are slowing down from the frenzy over the last 2 years. Home sales in Scottsdale are still occurring fast while home inventory is remaining steady.
 

Median home values in Scottsdale have increased an average of 12.1% since November of 2021, which is still very good. With interest rates hovering around 6.5%, the number of buyers looking to purchase Scottsdale homes should be around the same as the number of sellers as we head into the winter, although things are slowing which is normal this time of year.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - November 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Scottsdale AZ homes for sale
Real estate for sale in Scottsdale
Homes for sale in Scottsdale Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Scottsdale real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Scottsdale AZ Real Estate Housing Market Report - October 2022

11/19/2022

0 Comments

 

Scottsdale AZ Real Estate Housing Market Report - October 2022

After Scottsdale's average sales price reached a new all-time high of $1,499,763 in June, the average sales price dropped in July, slightly increased in August, dropped way down to in September and increased back up to $1,318,015 in October.

After decreasing for four straight months, the average sold price per square foot in Scottsdale has increased and has gone from $435/sf in September to $440/sf in October. The average sold price per square foot in Scottsdale has now increased or remained the same in 23 out of the last 28 months.

 
After decreasing from 52 to 51 DOM in September, Scottsdale days on market increased in October to 59 DOM. The Scottsdale DOM was as high as 76 in January of 2021, so being at 59 DOM is still low, especially for homes in this price point. Increases in Scottsdale home values are slowing, and homes are beginning to remain on the market longer, but it is still slightly a sellers' market.
Scottsdale AZ homes for sale | Troy Erickson Realtor
​After increasing in August, Scottsdale home sales have decreased the last two months in a row. Scottsdale home sales has gone from 322 in August to 278 in October. This is an extremely low number for October, as the average number of Scottsdale homes sold in October over the last three years is 489. Scottsdale home sales are -36.2% lower than they were in October of 2021.
 
After increasing last month, the number of new Scottsdale listings decreased in October, going from 575 in September to 436 in October. This is now lower than the number of new Scottsdale listings in October over the last four years. New listings this October are lower than in October of 2021 by -11.6%.

The number of active Scottsdale listings has increased for the seventh consecutive month going from 710 in March to 1,440 in October. However, new listings have only increased by a total of 52 in the last three months, so they have barely been increasing lately. Active Scottsdale listings are now 45.2% higher than in October of last year. It looks like there is a shift happening in the housing industry to a more balanced market.
 
Listings are still low overall and continue to drive demand, however, Scottsdale home prices have begun to drop as things are slowing down from the frenzy over the last 2 years. Home sales in Scottsdale are still occurring fast while home inventory is slightly increasing.
 

Median home values in Scottsdale have increased an average of 11.1% since October of 2021, which is still very good. With interest rates rising to around 7.0%, the number of buyers looking to purchase Scottsdale homes should be around the same number of sellers as we head into the winter, although things are slowing.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the 
Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - October 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Scottsdale AZ homes for sale
Real estate for sale in Scottsdale
Homes for sale in Scottsdale Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Scottsdale real estate | Troy Erickson Realtor | HomeSmart
0 Comments

Scottsdale AZ Real Estate Housing Market Report - September 2022

10/26/2022

0 Comments

 

Scottsdale AZ Real Estate Housing Market Report - September 2022

​After Scottsdale's average sales price reached a new all-time high of $1,499,763 in June, the average sales price dropped in July, slightly increased in August, and dropped back down to $1,200,012 in September.

At the same time, the average sold price per square foot in Scottsdale has decreased for the fourth month in a row and has gone from $483/sf in May to $435/sf in September. The average sold price per square foot in Scottsdale has still increased or remained the same in 22 out of the last 27 months.

 
After dropping down to 29 DOM in May, Scottsdale days on market had increased the last three months, but finally dropped in September, going from 52 DOM down to 51 DOM this month. The Scottsdale DOM was as high as 76 in January of 2021, so being at 51 DOM now is still low, especially for homes in this price point. Scottsdale home values are slowing, and they are beginning to remain on the market longer, but it is still a sellers' market.
Scottsdale AZ homes for sale | Troy Erickson Realtor
After decreasing for two months in a row, Scottsdale home sales increased in August, but decreased again in September. Scottsdale home sales has gone from 322 last month to 292 this month. This is an extremely low number for September, as the average number of Scottsdale homes sold in September over the last three years is 483. Scottsdale home sales are now -39.7% lower than they were in September of 2021.
 
After decreasing for the last three months, the number of new Scottsdale listings increased, going from 484 in August to 576 in September. At 576, this is higher than the number of new Scottsdale listings in September of 2019 and 2021. New listings this September are higher than in September of 2021 by 4.9%.

The number of active Scottsdale listings has increased for the sixth consecutive month going from 710 in March to 1,426 in September. Active Scottsdale listings are now 45.4% higher than in September of last year. Home inventory of Scottsdale homes has increased in seven out of the last eight months as it looks like there is a shift happening in the housing industry to a more balanced market.
 
Listings are still low overall and continue to drive demand, however, Scottsdale home prices have begun to drop as things are slowing down from the frenzy over the last 2 years. Home sales in Scottsdale are still occurring fast while home inventory is increasing.
 

Median home values in Scottsdale have increased an average of 11.8% since September of 2021, which is still very good. Even with interest rates rising above 6.3%, there still should be more buyers looking to purchase Scottsdale homes throughout the fall, although things are slowing.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Picture
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com


Scottsdale AZ homes for sale
Real estate for sale in Scottsdale
Homes for sale in Scottsdale Arizona
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Scottsdale real estate | Contact Troy Erickson Realtor | HomeSmart
0 Comments

Scottsdale AZ Real Estate Housing Market Report - August 2022

9/17/2022

1 Comment

 

Scottsdale AZ Real Estate Housing Market Report - August 2022

After Scottsdale's average sales price reached a new all-time high of $1,499,763 in June, the average sales price dropped in July but slightly increased back up to $1,406,126 in August.

At the same time, the average sold price per square foot for Scottsdale homes decreased for the third month in a row and has gone from $483/sf in May to $441/sf in August. The average sold price per square foot in Scottsdale has increased or remained the same in 22 out of the last 26 months.

 
After dropping down to 29 DOM in May, Scottsdale days on market increased the last three months and is up to 52 DOM in August. The Scottsdale DOM was as high as 76 in January of 2021, so being at 52 DOM now is still low, especially for homes in this price point. Scottsdale home values are slowing, and they are beginning to remain on the market longer.
Scottsdale AZ homes for sale | Troy Erickson Realtor
After decreasing for two months in a row, Scottsdale home sales have increased in Augusts, going from 270 sales last month to 322 this month. This is an extremely low number for August, as the average number of Scottsdale homes sold in August over the last four years is 482. Scottsdale home sales are now -32.8% lower than they were in August of 2021.
 
The number of new Scottsdale listings decreased for the third time in a row after increasing for five straight months, going from 765 in May to 479 in August. At 583, this is the lowest number of new Scottsdale listings in August over the last four years. New listings this August are lower than in August of 2021 by -19.5%.

The number of active Scottsdale listings has increased for the fourth consecutive month going from 709 in March to 1,388 in August. Active Scottsdale listings are now 37.0% higher than in August of last year. Home inventory of Scottsdale homes has increased in six out of the last seven months as it looks like there is a shift happening in the housing industry to a more balanced market.
 
Listings are still low overall and continue to drive demand and an upward trend in Scottsdale home prices, although things may be slowing down. Home sales in Scottsdale are still occurring fast, while home inventory is starting to increase.
 

Median home values in Scottsdale have increased an average of 10.4% since August of 2021, which is still very good. Even with interest rates remaining around 5.5%, there still should be more buyers looking to purchase a Scottsdale home throughout the fall, although things are slowing.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the 
Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - August 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com


Scottsdale AZ homes for sale
Real estate for sale in Scottsdale
Homes for sale in Scottsdale Arizona
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Scottsdale real estate | Troy Erickson Realtor | HomeSmart
1 Comment

Scottsdale AZ Real Estate Housing Market Report - July 2022

8/17/2022

0 Comments

 

Scottsdale AZ Real Estate Housing Market Report - July 2022

After Scottsdale's average sales price reached a new all-time high of $1,499,941 last month, the average sales price dropped back down to $1,397,356 in July.

At the same time, the average sold price per square foot for Scottsdale homes decreased for the second time since November of 2021 and has gone from $483/sf in May to $468/sf in July. The average sold price per square foot in Scottsdale has increased or remained the same in 22 out of the last 25 months.

 
After dropping down to 29 DOM in May, Scottsdale days on market increased the last two months and is up to 38 DOM in July. The Scottsdale DOM was as high as 76 in January of 2021, so being at 38 DOM now is still very low, especially for homes in this price point. The low DOM shows that homes in Scottsdale are still very much in demand, and they are selling very quickly.
Scottsdale AZ homes for sale | Troy Erickson Realtor
Scottsdale home sales have decreased two months in a row, going from 491 in May to 272 in July. This is the lowest number of Scottsdale home sales since before 2018. Scottsdale home sales are now -47.5% lower than they were in July of 2021.
 
The number of new Scottsdale listings decreased for the second time in a row after increasing for five straight months, going from 765 in May to 583 in July. At 583, this is the second highest number of new Scottsdale listings in July over the last four years. New listings this July are lower than in July of 2021 by -3.5%.

The number of active Scottsdale listings has increased for the fourth consecutive month going from 706 in March to 1,368 in July. Active Scottsdale listings are now 37.2% higher than in July of last year. Home inventory of Scottsdale homes has increased in five out of the last six months as it looks like there may be a shift happening in the housing market.
 
Listings are still low overall and continue to drive demand and an upward trend in Scottsdale home prices, although things may be slowing down. Home sales in Scottsdale are still occurring faster than ever, while home inventory is starting to increase.
 

Median home values in Scottsdale have increased an average of 23.6% since July of 2021, which is still very good. Even with interest rates remaining around 5.5%, there still should be more buyers looking to purchase a Scottsdale home throughout the remainder of 2022.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the 
Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - July 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Scottsdale AZ homes for sale
Real estate for sale in Scottsdale
Homes for sale in Scottsdale Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Scottsdale homes for sale
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Scottsdale AZ Real Estate Housing Market Report - June 2022

7/27/2022

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Scottsdale AZ Real Estate Housing Market Report - June 2022

After Scottsdale's average sales price dropped this last month for the first time since January, the average sales price bounced back up to a new all-time high of $1,499,941 in June from $1,432,021 in May.

At the same time, the average sold price per square foot for Scottsdale homes decreased for the first time since November of 2021 and has gone from $483/sf in May to $476/sf in June. The average sold price per square foot in Scottsdale has increased or remained the same in 22 out of the last 24 months.

 
After dropping down to 29 DOM in May, Scottsdale days on market increased to 34 DOM in June. The Scottsdale DOM was as high as 76 in January of 2021, so being at 34 DOM now is still very low, especially for homes in this price point. The low DOM shows that homes in Scottsdale are still very much in demand, and they are selling very quickly.
Scottsdale AZ homes for sale | Troy Erickson Realtor
Scottsdale home sales remained exactly the same in May as April but decreased from 491 last month to 422 for June. Scottsdale home sales this June were much lower than in the previous four years. Scottsdale home sales are now -29.9% lower than they were in June of 2021.
 
The number of new Scottsdale listings decreased for the first time after increasing for five straight months, going from 765 in May to 714 in June. At 714, this is the highest number of new Scottsdale listings in June over the last four years. New listings this June are higher than in June of 2021 by 7.9%.

The number of active Scottsdale listings has increased for the third consecutive month going from 705 in March to 1,194 in June. Active Scottsdale listings are greater than the same month in the previous year for the first time since before 2019 and are now 21.0% higher than in June of last year. Home inventory of Scottsdale homes has increased in four out of the last five months as it looks like there may be a shift happening in the housing market.
 
Listings are still low overall and continue to drive demand and an upward trend in Scottsdale home prices, although things may be slowing down. Home sales in Scottsdale are still occurring faster than ever, while home inventory is starting to increase.
 

Median home values in Scottsdale have increased an average of 25.3% since June of 2021, which is still very good. Even with interest rates edging closer to 6.0%, there still should be more buyers looking to purchase a Scottsdale home throughout the summer of 2022.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the 
Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - June 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Scottsdale AZ homes for sale
Real estate for sale in Scottsdale
Homes for sale in Scottsdale Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Troy Erickson Realtor | Top Scottsdale Real Estate Agent
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Scottsdale AZ Real Estate Housing Market Report - May 2022

6/15/2022

2 Comments

 

Scottsdale AZ Real Estate Housing Market Report - May 2022

Scottsdale's average sales price dropped this last month for the first time since January of this year, going from an all-time high of $1,497,968 in April to $1,430,827 in May.

At the same time, the average sold price per square foot for Scottsdale homes continues to increase and has gone from $477/sf in April to $483/sf in May. The average sold price per square foot in Scottsdale has increased or remained the same in 22 out of the last 23 months.

 
After slightly increasing from 31 to 32 DOM between March and April, Scottsdale days on market dropped in May down to 28. The Scottsdale DOM was as high as 76 in January of 2021, so being at 28 DOM now is extremely low, especially for homes in this price point. The low DOM shows that homes in Scottsdale are still very much in demand, and they are selling very quickly.
Scottsdale AZ homes for sale | Troy Erickson Realtor
Scottsdale home sales remained pretty much the same as last month, after seeing a decrease from March to April. Home sales in Scottsdale went from 491 last month to 492 in May. Scottsdale home sales this May were much lower than in May of 2019 and 2021. Scottsdale home sales are now -22.2% lower than they were in May of 2021.
 
The number of new Scottsdale listings increased for the fifth straight month after decreasing for the eight months prior, going from 328 in December of 2021 to 756 in May (more than doubling). At 756, this is the highest number of new Scottsdale listings for any month since January of 2019. New listings this May are higher than in May of 2021 by 13.9%. This is the first time new listings are greater than the same month in the previous year since July of 2021.

The number of active Scottsdale listings has increased for the second consecutive month going from 704 in March to 951 in May. Active Scottsdale listings are still down -3.5% from May of last year. Home inventory of Scottsdale homes has increased in three out of the last four months as it looks like there may be a shift happening in the housing market.
 
The lack of listings continues to drive demand and continues to drive an upward trend in Scottsdale home prices, although things may be slowing down. Home sales in Scottsdale are still occurring faster than ever, while home inventory is starting to increase.
 

Median home values in Scottsdale have increased an average of 16.9% since May of 2021, which is still good, but below the 20-30% increase we have been seeing over the last year or two. Even with interest rates increasing to above 5.25%, there still should be more buyers looking to purchase a Scottsdale home as we head into summer of 2022.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the 
Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - May 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Scottsdale AZ homes for sale
Real estate for sale in Scottsdale
Homes for sale in Scottsdale Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
Troy Erickson Realtor | Scottsdale homes for sale
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Scottsdale AZ Real Estate Housing Market Report - April 2022

5/17/2022

0 Comments

 

Scottsdale AZ Real Estate Housing Market Report - April 2022

Scottsdale's average sales price continued to increase, going from $1,441,096 in March to a new all-time high of $1,498,732 in April. This is the third increase in a row after January started off the new year with a decrease in the average sales price. It is also a good sign for 2022 considering that the average sales price of Scottsdale homes had decreased in 6 out of the last 8 months prior to the increase in February.

At the same time, the average sold price per square foot for Scottsdale homes increased from $464/sf in March to $477/sf in April. The average sold price per square foot in Scottsdale has increased or remained the same in 21 out of the last 22 months.

 
After decreasing for three straight months, Scottsdale days on market slightly increased, going from 31 DOM in March to 32 DOM in April. The Scottsdale DOM was as high as 76 in January of 2021, so being at 32 DOM now is extremely low, especially for homes in this price point. The low DOM shows that homes in Scottsdale are still very much in demand, and they are selling very quickly.
Scottsdale AZ homes for sale | Troy Erickson Realtor
Scottsdale home sales saw a decrease this month after two consecutive months of increasing home sales, going from 522 in March to 491 in April. Scottsdale home sales this April were much lower than in April of 2019 and 2021. Scottsdale home sales are now -24.1% lower than they were in April of 2021.
 
The number of new Scottsdale listings increased for the fourth straight month after decreasing for the eight months prior, going from 328 in December of 2021 to 695 in April. At 695, this is still lower than Scottsdale home sales in April of 2019, and 2021, but the numbers are inching closer. New listings this April are lower than in April of 2021 by just -6.0%.

After marginally decreasing last month, the number of active Scottsdale listings increased from 696 in March to 791 in April. Active Scottsdale listings are still down -22.1% from April of last year. This is by far the lowest inventory of homes for sale in Scottsdale since this data started being reported. For reference, active listings in February of 2000 (22 years ago) were 1,160.
 
The lack of listings continues to drive demand and continues to drive an upward trend in Scottsdale home prices. Home sales in Scottsdale are still occurring faster than ever, while home inventory is starting to increase.
 

Median home values in Scottsdale have increased an average of 27.2% since April of 2021, which is amazing. With interest rates increasing to above 5.25%, there will still be more buyers looking to purchase a Scottsdale home early in 2022.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the 
Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - April 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Troy Erickson Realtor | East Valley Real Estate
Troy Erickson Realtor | East Valley Real Estate
Troy Erickson | East Valley Real Estate
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.

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Scottsdale AZ Real Estate Housing Market Report - March 2022

4/12/2022

0 Comments

 

Scottsdale AZ Real Estate Housing Market Report - March 2022

Scottsdale's average sales price continued to increase, going from $1,386,205 in February to a new all-time high of $1,441,096 in March. This is the second significant increase after January started off the new year with a drop in the average sales price. It is also a good sign for 2022 considering that the average sales price of Scottsdale homes had decreased in 6 out of the last 8 months prior to the increase in February.

At the same time, the average sold price per square foot for Scottsdale homes increased from $447/sf in February to $464/sf in March. The average sold price per square foot in Scottsdale has increased or remained the same in 20 out of the last 21 months.

 
The days on market has now decreased for the third straight month, going from 44 DOM in December of 2021 to 31 DOM in March, after increasing the previous two months. The Scottsdale DOM was as high as 76 in January of 2021, so being at 31 DOM now is extremely low, especially for homes in this price point. The low DOM shows that homes in Scottsdale are still very much in demand, and they are selling very quickly.
Scottsdale AZ homes for sale | Troy Erickson Realtor
Scottsdale home sales saw a significant increase for the second straight month, going from 391 in January to 522 in March. Scottsdale home sales this March were much higher than in March of 2019 and 2020. However, the 522 homes sold this March are -19.2% lower than they were in March of 2021.
 
The number of new Scottsdale listings increased for the third straight month after decreasing for the eight months prior, going from 328 in December to 622 in March. This is the lowest number of new listings in Scottsdale for March since before 2018. New listings this March are lower than in March of 2021 by -15.5%.

After increasing last month, the number of active Scottsdale listings decreased from 717 in February to 678 in March. Active Scottsdale listings are now down -29.4% from March of last year. This is by far the lowest inventory of homes for sale in Scottsdale since this data started being reported. For reference, active listings in February of 2000 (22 years ago) were 1,160.
 
The lack of listings continues to drive demand and continues to drive an upward trend in Scottsdale home prices. Home sales in Scottsdale are still occurring faster than ever, while home inventory is on the decline.
 

Median home values in Scottsdale have increased an average of 25.7% since March of 2021, which is amazing. With interest rates remaining relatively low around 4.25%, there will still be more buyers looking to purchase a Scottsdale home early in 2022.
​
>>Click here to sell all current Scottsdale Arizona Homes For Sale<<

​For more detailed stats on the 
Scottsdale Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
Scottsdale real estate housing report - March 2022
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.

If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
​
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Homes for sale in Scottsdale, AZ | Troy Erickson Realtor
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me, it's about making a difference in the lives of others"

Serving East Valley cities, including Chandler, Gilbert, Tempe, Mesa, Phoenix, Scottsdale, and Ahwatukee

Troy Erickson Realtor  |  3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | TroyEricksonRealtor@gmail.com

Scottsdale AZ homes for sale
Real estate for sale in Scottsdale, AZ
Homes for sale in Scottsdale Arizona

Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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    Chandler and East Valley Blog: Troy Erickson Realtor

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     "Real Estate is not just a job for me, it's about making a difference in the lives of others."​

    Troy has been blogging about Chandler and East Valley Real Estate in Arizona since 2006.  He stays current on local Chandler real estate by attending educational classes, and talking with title companies, home inspectors, lenders, members of the Chandler community, as well as constantly working with home buyers, home sellers, and investors within the Chandler and East Valley community.

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Troy and Mia are your Chandler Arizona Real Estate Connection - an experienced team with Diverse Solutions Realty. Troy is a licensed Realtor in the state of Arizona.
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