– Scottsdale Luxury Home Market Performance for March 2019 –
Sales activity in the Scottsdale luxury market stayed strong during the month of March,
This report takes a look at the previous year’s home sales activity by month. It also divides the market into four price ranges to show more detail.
There are four items we track:
Active – How many homes were for sale at the end of the month.
UCB (Under Contract Accepting Backup Offers) – How many homes were under contract, but still accepting backup offers at the end of the month.
Pending – How many pending sales there were at the end of the month.
Sold – The number of homes sold that month.
– MARCH 2019 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory fell in March, due to fewer homes coming onto the market coupled with strong sales activity.
– UCB Scottsdale Home Sales: Forty homes were in UCB status, the highest it has been since last Spring.
– Pending Scottsdale Home Sales: Pending sales jumped over 58% to 38 at the end of the month. This is well ahead of the 12 month average of 30.
– Scottsdale Homes Sold: Sales fell slightly in March to 35. This is below the 12 month average and quite a bit lower than last Spring.
– Sales Price to Listed Price: 95.7% – On average, buyers saw a discount off of list price of 4.3%.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: Inventory was up slightly to 245 at the end of March.
– UCB Scottsdale Home Sales: UCB homes were up to nineteen, the second highest we have seen in the past 12 months.
– Pending Scottsdale Home Sales: Pending sales were up by one at the end of the month.
– Scottsdale Homes Sold: Home sales were up slightly to seventeen, putting them on par with the 12 month average.
– Sales Price to Listed Price: 94.9% – On average, buyers saw a discount off of list price of 5.1%.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Active listings jumped 13.6% between the end of February and March.
– UCB Scottsdale Home Sales: UCB homes remained level at thirteen, tying for the highest level in the past 12 months.
– Pending Scottsdale Home Sales: Pending sales fell slightly to fourteen after an incredible February.
– Scottsdale Homes Sold: Seventeen homes sold, which is amazing for this price point. The last time we were even close to that was May 2018.
– Sales Price to Listed Price: 94.3% – On average, buyers saw a discount off of list price of 5.7%.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory t the end of March was up to 167.
– UCB Scottsdale Home Sales: The number of UCB contracts fell to six, on par with the 12 month average.
– Pending Scottsdale Home Sales: Pending homes sales stayed level at ten, a very strong performance.
– Scottsdale Homes Sold: Home sales were also level, coming in at eight.
– Sales Price to Listed Price: 94.4% – On average, buyers saw a discount off of list price of 5.6%
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 4/1/2019 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 ©2019 Heather Tawes Nelson | Joyce Tawes
