– Scottsdale Luxury Home Market Performance for September 2019 –
September was a pretty decent month for Scottsdale luxury home sales. While some price points saw sales activity fall, others saw increases.
In this report, we look at luxury homes in Scottsdale, which we are defining as those with list prices of $1 million or more. We separated the data into four price bands to show additional detail.
Each month, we look at four different sales statuses.
Active – How many homes were for sale at the end of the month.
UCB (Under Contract Accepting Backup Offers) – How may properties 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.
– SEPTEMBER 2019 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory was up for the second month in a row, although it still came in under the 12 month average.
– UCB Scottsdale Home Sales: The number of UCBs saw a nice jump to close out the month at 30. This is ahead of the 12 month average by one.
– Pending Scottsdale Home Sales: Pending sales also saw a healthy jump in September.
– Scottsdale Homes Sold: There were thirty-three homes that sold, a nice improvement from August.
– 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 in this price range increased in September.
– UCB Scottsdale Home Sales: UCB contracts fell to nine. This is similar to where they were last year at the same time.
– Pending Scottsdale Home Sales: The number of pending sales was up by one at the end of the month.
– Scottsdale Homes Sold: Only nine homes sold in September. This is by far the lowest we have seen this figure in the past year.
– Sales Price to Listed Price: 95.0% – On average, buyers saw a discount off of list price of 5%.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory increased over 10% between August and September.
– UCB Scottsdale Home Sales: UCBs fell by one to close out the month at six.
– Pending Scottsdale Home Sales: Pending sales held their own coming in at thirteen. This is just below the 12 month average.
– Scottsdale Homes Sold: Sales decreased for the second month in a row, closing out the month at nine.
– Sales Price to Listed Price: 94.4% – On average, buyers saw a discount off of list price of 5.6%.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: After staying level for the past two months, inventory increased by 10 homes by the end of the month.,
– UCB Scottsdale Home Sales: The number of UCBs was up by one contract. This is similar to where this figure was at this time last year.
– Pending Scottsdale Home Sales: Pending sales saw quite a large jump, more than doubling August’s performance. We typically see numbers like this during the high season.
– Scottsdale Homes Sold: There were no sales in September in the $3+ million range. However, with seven pendings and four UCBs, October’s sales figure should improve quite a bit.
– Sales Price to Listed Price: N/A
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 10/1/2019 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
