– Scottsdale Homes for Sale and Home Sales in February 2015 –
February was a positive month for the Scottsdale real estate market. Coming off a seasonally slow January, we saw a very healthy rebound in pending sales and sales activity was up as well.
SCOTTSDALE HOME SALES ACTIVITY – FEBRUARY 2015
The chart below illustrates the previous 12 months of home sales activity in Scottsdale. You will find a year’s worth of information for the three categories below :
– Single-family homes for sale are shown in red.*
– Pending home sales are shown in green.*
– Completed Home Sales are shown in purple.
FEBRUARY 2015 RESULTS
- Active Scottsdale Homes for Sale: Inventory was up 1.9% to a little over 2,300 homes. This is about on par with the inventory levels we saw during the same time last year.
- Pending Homes Sales in Scottsdale: Pending sales saw a large jump to 320, after six months of coming in in the 200’s. This was a 29.6% increase over January’s pending figure.
- February Home Sales in Scottsdale: Home sales also saw a solid increase of 7.5%.
The next two data sets look at rate of sales as well as what homes are selling for.
The top chart shows how things have changed as compared to the previous month. So, as you can see, there was almost a 30% increase in pending sales between January and February.
The lower chart takes into account what asking prices were and what the homes ultimately sold for. So, in the case of February, buyers on average saw a discount of 4.4% off of listing prices.
February was a great month and a good indicator of the high volume season to come. With such a solid increase in pending sales by the end of the month, home sales in March should be strong.
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*Figures for active homes for sale and pending sales are based on the numbers at the end of the month.
Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 3/1/2015 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 may 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 © 2015 Heather Tawes Nelson | Joyce Tawes
