– February 2015 Scottsdale Housing Market Video –
Here is an overview of how the real estate market in Scottsdale is performing.
February 2015 – Video
Active Listings
The number of active listings in Scottsdale came in a little over 2,300 at the end of February.
This represents a decrease in inventory of 8% from February 2014 and a decrease of 1% when compared to January 2015.
Median Listing Price
The median listing price for homes in Scottsdale came in at $815,000 for February. This is up quite a bit from last year where the median listing was just over $695,000.
Days on Market
Days on market is a measure of how long a home is listed for before it sells.
In February 2015, the average days on market for Scottsdale homes was 98 days. This represents a 7% increase over February 2014, where the average days on market was 92 days.
Median Sales Price for Scottsdale Homes
The median sale price in February was a little over $443,000. This is down from a year ago when it was $460,000 and also down from January, which came in at $480,000.
Number of Homes Sold
The nu
mber of homes sold was up over both last year and the previous month.
There was a 1% increase over 2014 and a 7% increase over January. This is to be expected as January tends to be a slower month. We anticipate this figure to increase even more as we move into the more active season.
So far, the Scottsdale real estate market has been having a solid year. And, we are headed into the most active sales months of the year, so we anticipate subsequent positive reports for the next few months.
We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.
For more Scottsdale real estate information or if you have any questions, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.
See our other market videos on Live Better in Scottsdale’s You Tube channel
