Here are the results for the Scottsdale AZ real estate market for July 2010. This report reviews single-family homes for sale, pending home sales and home sales data in the city of Scottsdale.
July 2010 Highlights for Scottsdale AZ Homes for Sale:
- Active Scottsdale Homes for Sale: The number of homes on the market went up slightly, by 12 homes, over June. This figure has been trending down since January of this year. It is still behind the 12 month average of 2,790.
- Pending Homes Sales in Scottsdale: Pending home sales dropped off 14.2% over June to 465 from 542. This figure was in the 600’s from March to May of 2010. This figure is now trailing the 12 month average for pending sales which is 536.
- Scottsdale Homes Sold: Home sales were also down in July. 367 homes sold, which is the first time this figure has been in the 300’s since February of this year. The 12 month average is 369 home sales.
July was a disappointing month for Scottsdale AZ real estate. Home inventory crept up a little bit for the first time in many months. Pending home sales and actual home sales dropped off sharply and both figures fell below the 12 month average for each of the categories. The lower pending sales figure also does not bode well for August homes sales in Scottsdale.
Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2010 and can change at any time. The analysis looks at single-family resale homes for sale and sales in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2010 Heather Tawes Nelson
