– Scottsdale Luxury Home Market Performance for November 2019 –
November was an impressive month for sales in the luxury market. Instead of tapering off, we saw sales surge ahead in most of the price points.
This report covers sales activity for homes with list prices of $1 million or more. To show additional detail, the sales data has been broken into four different price ranges.
We track each of the following 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 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.
– NOVEMBER 2019 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: The number of homes for sale in this price point was pretty level between October and November.
– UCB Scottsdale Home Sales: UCBs were down at the end of November after seeing a huge spike in October.
– Pending Scottsdale Home Sales: Pending sales were up an impressive 54.2%.
– Scottsdale Homes Sold: Sales also saw a huge jump, coming in 39.4% more than October.
– Sales Price to Listed Price: 96.3% – On average buyers saw a discount off of list price of 3.7%.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: Inventory was up slightly at the end of the month, but still below the 12 month average.
– UCB Scottsdale Home Sales: UCB contracts were up to the second highest level we have seen this year and up over 26% compared to the previous month.
– Pending Scottsdale Home Sales: Pending sales were down slightly, but came in on par with the 12 month average.
– Scottsdale Homes Sold: An impressive nineteen homes sold in this price range in November.
– Sales Price to Listed Price: 94.6% – On average, buyers saw a discount off of list price of 5.4%.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: The number of homes for sale was up 5.6% compared to the end of October.
– UCB Scottsdale Home Sales: The number of UCB homes fell to eight.
– Pending Scottsdale Home Sales: Pending sales saw some good momentum, closing out the month at thirteen.
– Scottsdale Homes Sold: Home sales in this price point hit the highest levels we have seen in the past year with nineteen 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: Inventory was up slightly over November.
– UCB Scottsdale Home Sales: UCB contracts stayed level for the third month in a row.
– Pending Scottsdale Home Sales: Pending sales were up by two, coming in ahead of the 12 month average.
– Scottsdale Homes Sold: Six homes sold in November, which is good to see in this typically slower time of year.
– Sales Price to Listed Price: 95.1% – On average, buyers saw a discount off of list price of 4.9%.
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 12/1/2019 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
