– Scottsdale AZ Luxury Home Market Performance for April 2018 –
Here are April’s results for Scottsdale’s luxury home market as well as data for the past year. To be included in this analysis, all of the homes had to have been on the market for $1 million or more.
Each of the following items are tracked on a monthly basis:
Active – The number of homes on the market at the end of the month.
UCB (Under Contract Accepting Backup Offers) – The number of homes that were under contract, but still accepting backup offers at the end of the month.
Pending – The number of homes in pending sale status at the end of the month.
Sold – How many homes sold over the course of the month.
– APRIL 2018 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory fell almost 11% between March and April to 306.
– UCB Scottsdale Home Sales: UCBs saw the highest point they have been in the past year. The month closed out with 49 homes in UCB status.
– Pending Scottsdale Home Sales: Pending sales fell a little bit, but it was still the second highest month we have seen in the past year.
– Scottsdale Homes Sold: April was another incredible sales month with 55 sales. This is also the second highest we have seen this figure in the past 12 months.
– Sales Price to Listed Price: 94.7% – On average, buyers saw a discount off of list price of 5.3%
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: Home inventory was up slightly to 252 by the end of the month.
– UCB Scottsdale Home Sales: UCB contracts closed out April at twelve. This is just ahead of the 12 month average of eleven.
– Pending Scottsdale Home Sales: Twelve homes were pending in April, which is a solid figure.
– Scottsdale Homes Sold: Fifteen homes sold, which is on par with the 12 month average.
– Sales Price to Listed Price: 95.2% – On average, buyers saw a discount off of list price of 4.8%.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory was down 6.3 at the end of April to 194.
– UCB Scottsdale Home Sales: There were nine UCB’s at the end of the month. This is tied as the top-performing month in the past year.
– Pending Scottsdale Home Sales: Pending sales saw a 38.5% jump to close out the month at eighteen. This is the highest we have seen this in the past year.
– Scottsdale Homes Sold: Ten homes sold in April, which is a solid performance.
– Sales Price to Listed Price: 93.4% – On average, buyers saw a discount off of list price of 6.6%.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: The number of homes for sale in this price point fell slightly compared to the end of March.
– UCB Scottsdale Home Sales: There were eleven homes in UCB status. This is by far and away the highest this has been and it represents a 175% jump over March.
– Pending Scottsdale Home Sales: Pending sales stayed level at seven.
– Scottsdale Homes Sold: Seven homes sold in this price range in April. Again, another solid performance.
– Sales Price to Listed Price: 92.5% – On average, buyers saw a discount off of list price of 7.5%.
The Scottsdale luxury home market had another great sales months. We saw great jumps in sales activity in some of the price points and the balance of them turned in solid performances.
If you would like additional detail on home sales activity, please visit our Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.
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Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 5/1/2018 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may 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 expressed or implied.
Copyright ©2018 Heather Tawes Nelson | Joyce Tawes
Some great listings on the market. April was a strong month after a build up start to the year. Looking forward to a strong May finish. Thanks for sharing.