– Scottsdale Luxury Home Market Performance for April 2019 –
The Scottsdale luxury home market enjoyed an excellent month in April. Sales were very strong and the pipeline of homes under contract was also quite good.
This report dives into Scottsdale’s luxury home market. All of these homes are priced at $1 million or more. To show additional detail, the sales figures have been split into four price ranges.
We track these four items 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 pending sales at the end of the month.
Sold – How many homes sold during the month.
– APRIL 2019 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory was up to 269 at the end of the month, just slightly ahead of the 12 month average.
– UCB Scottsdale Home Sales: Thirty-nine homes were in UCB status at the end of April, down one from March.
– Pending Scottsdale Home Sales: Pending sales were up again to 40. This is the highest is has been in the past year.
– Scottsdale Homes Sold: Sales jumped to 49 in April. This is still trailing behind where we were last year at the same time, though.
– Sales Price to Listed Price: 95.4% – On average buyers saw a discount off of list price of 4.6%.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: The number of homes for sale fell 9% between March and April.
– UCB Scottsdale Home Sales: UCB contracts were level with March at nineteen.
– Pending Scottsdale Home Sales: Pending home sales saw a healthy 37.5% increase. This is the highest this has been in the past year.
– Scottsdale Homes Sold: Home sales also saw a huge (82.4%) jump in April.
– Sales Price to Listed Price: 95.4% – On average, buyers saw a discount off of list price of 4.6%.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: The number of homes for sale stayed level with the previous month.
– UCB Scottsdale Home Sales: UCB contracts also stayed level.
– Pending Scottsdale Home Sales: Pending sales were up 28.6% and this was the highest we have seen them in the past 12 months.
– Scottsdale Homes Sold: Fifteen homes sold in April. This is down over March and this price point was the only one to see a decrease in sales.
– Sales Price to Listed Price: 93.7% – On average, buyers saw a discount off of list price of 6.3%.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: The number of homes for sale dropped slightly to 159. This is still ahead of the 12 month average though.
– UCB Scottsdale Home Sales: UCB contracts doubled between March and April. This figure is two times the 12 month average.
– Pending Scottsdale Home Sales: Pending sales fell by half, which due to the large number of homes selling in April.
– Scottsdale Homes Sold: Ten homes sold in April, making this the second best sales month in the past year.
– Sales Price to Listed Price: 93.8% – On average, buyers saw a discount off of list price of 4.2%
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 5/1/2019 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
