– Scottsdale AZ Homes for Sale and Home Sales in June 2013 –
Home sales activity stayed strong for the month of June in Scottsdale, Arizona. The momentum that picked up earlier in the year continued, although things are slowing down a little bit as we head further into the summer months.
SCOTTSDALE HOME SALES ACTIVITY FOR JUNE 2013
The chart below shows home sales activity for the previous twelve months, broken down by sales status.
– Homes for sale are shown in red.*
– Pending home sales are shown in green.*
– June Home Sales are shown in purple.
JUNE 2013 RESULTS
- Active Scottsdale Homes for Sale: The inventory of home for sale is dropping down to levels we have not seen since late last summer. Only 1,349 homes were on the market at the end of June.
- Pending Homes Sales in Scottsdale: Pending sales were down for the second month in a row to 453. This is about on par with the 12 month average of 449 sales.
- Scottsdale Homes Sold: Sales of homes in June were down 3.3% over May to 525. Monthly home sales in Scottsdale have exceeded 500 for the past four months, well ahead of the 12 month average of 435 sales per month.
The next series of statistics look at how sales activity has been changing on a month-over-month basis. Below that is a look at sales prices when compared to the asking prices of the homes. For instance, in June, buyers on average saw a discount of 3.5% off of asking price when purchasing a home.
Home sales activity in Scottsdale had another decent month in June. However, inventory is getting tighter, which could be holding back sales volume. And, we are seeing pending sales trail lower, meaning July home sales figures will be impacted.
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Disclaimer: Homes for sale and pending home sales figures reflect the number of homes in that status at the end of the month. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2013 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. information deemed reliable, but not guaranteed. There June be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2013 Heather Tawes Nelson
