– Scottsdale AZ Luxury Home Market Performance for August 2015 –
Scottsdale luxury home sales were quiet but solid during the month of August.
This report looks at Scottsdale homes with asking prices over $1 million. To see more detailed information, four unique price bands are being tracked.
In each price band, you will find the following sales data:
Active – The number of homes for sale at the end of the month.
Pending – The number of pending sales at the end of the month.
Sold – The number of homes sales over the course of the month.
– August 2015 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory was level between July and August, but still below the 12 month average.
– Pending Scottsdale Home Sales: Pending sales were up in August and pulled ahead of the 12 month average of 24.
– Scottsdale Homes Sold: Twenty-two homes sold in August, an 83% increase over July.
– Sales Price to Listed Price: 94.0% – This is about where we have been seeing this figure for most of the year.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: The number of homes for sale in this price point declined for the fifth month to 125.
– Pending Scottsdale Home Sales: Pending sales were the lowest we have seen in 2015 at 10.
– Scottsdale Homes Sold: Eleven homes sold in August, which was a nice rebound over July and is on track with the 12 month average.
– Sales Price to Listed Price: 94.8% – This is pretty on par for the price range.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory was down to 119 at the end of August, well below the 12 month average.
– Pending Scottsdale Home Sales: Pending sales stayed the same at five, posting two months in a row of low figures.
– Scottsdale Homes Sold: Five homes sold in August, an improvement over July, but still the second slowest month of the past 12 months.
– Sales Price to Listed Price: 93.4% – This is about where we figure.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory actually increased in this price range at the end of August.
– Pending Scottsdale Home Sales: Pending sales were level at five, just below the 12 month average of six.
– Scottsdale Homes Sold: No homes sold for over $3,000,000 in August.
– Sales Price to Listed Price: N/A
August was a decent month for luxury home sales in Scottsdale. Although we are in the middle of our seasonal slowdown, some of the price segments saw some nice improvements.
If you would like additional detail on home sales activity, please visit my Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.
Search Scottsdale Luxury Homes for Sale
Disclaimer: Information deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 9/1/2015 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There August be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2015 Heather Tawes Nelson | Joyce Tawes
