– December 2010 Scottsdale Home Sales –
Here are the figures for December 2010’s Scottsdale AZ Home Sales. This analysis covers all of 2010 home sales activity in Scottsdale on a monthly basis. You can also see the month-over-month changes and the monthly sales price to list price ratio. Scottsdale single-family resale homes are the focus of this report.
December 2010 Highlights for Scottsdale AZ Homes for Sale:
- Active Scottsdale Homes for Sale: Inventory of homes on the market dropped off at the end of the month to 2,585, below the 12 month average of 2,719. This is not a huge surprise as many listing contracts have December 31st as the expiration date. We may see this number creep back up in January 2011.
- Pending Homes Sales in Scottsdale: Pending home sales were down from November’s 477 to 430 at the end of the December. This is the lowest this figure has been in the last 12 months. However, we see this seasonal pattern every year since many folks hold off on writing contracts until after the holidays.
- Scottsdale Homes Sold: Home sales saw a nice 21.2% uptick in December to 400. This is the highest this figure has been since June of 2010 and is ahead of the 12 month average of 363.
December 2010 Scottsdale home sales ended the year with a decent finish. Home sales posted strong numbers and inventory was down. However, the lower pending sales number in December means we will need to make up some ground in order to have a decent January. We will also want to watch for inventory of homes for sale creeping back up in the new year.
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Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2011 and can change at any time. The analysis looks at single-family resale homes for sale and home 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 © 2011 Heather Tawes Nelson
