– Scottsdale Homes for Sale and Home Sales in September 2015 –
The September real estate market showed mixed results in September. Inventory was up as were sales.
SCOTTSDALE HOME SALES ACTIVITY – SEPTEMBER 2015
Below is a chart that maps out the past 12 months of Scottsdale home sales activity.
– Single-family homes on the market are depicted by the red line.*
– Pending home sales are depicted by the green line.*
– Completed home Sales are depicted by the purple line.
SEPTEMBER 2015 RESULTS
- Active Scottsdale Homes for Sale: I had anticipated that inventory would drop or stay flat in September due to seasonality, but we actually saw the number of homes for sale increase by over 100 units.
- Pending Homes Sales in Scottsdale: Pending sales were down at the end of September to 277. This is the lowest we have seen pendings since the beginning of the year, but as this is typically a slow time of year, it is not too concerning.
- September Home Sales in Scottsdale: Sales were up 6.4% over August to just under 400. This was positive to see.
This next set of information covers two more items related to the Scottsdale real estate market.
The top section is a look at how things are changing month over month. As you can see, the inventory of active homes was up 6.1% over August, while pending sales were down 8%.
The lower section is a comparison of how much homes sold for relative to their asking prices. So in September, homebuyers on average saw a 3.7% discount off list prices.
Scottsdale’s real estate sales activity was mixed in September. I was surprised to see inventory increase, but actual sales activity was solid.
Search Scottsdale AZ Homes for Sale
*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 10/1/2015 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 September 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
