-July 2021 Scottsdale Homes for Sale and Home Sales –
Home sales keep plugging along in Scottsdale. However, we are seeing lower sales numbers and fewer contracts. On a positive note for buyers, inventory has been increasing (although slightly).
SCOTTSDALE HOME SALES ACTIVITY – JULY 2021
Each month, we track the four sales metrics seen below:
– Single-family homes for sale – Orange Line – How many homes were for sale at the end of the month.
– Under contract, but accepting backup offers (UCB) – Gray Line – How many homes were in UCB status at the end of the month.*
– Pending home sales – Yellow Line – How many pending contracts there were at the end of the month.*
– Home Sales – Blue Line – How many homes were sold during the month.
JULY 2021 RESULTS
- Scottsdale Homes for Sale: Inventory was up another 6% by the end of the month. This is not a huge increase, but it is good news for the large number of homebuyers looking to purchase. We are still at very low inventory levels. For instance, in the $1 million and under price point, the number of sales compared to the number of homes listed, came in at 148.8%.
- UCB (Under contract, accepting backup offers): UCBs were up very slightly at the end of July, however, this lower than we have been seeing over the past year.
- Pending Homes Sales in Scottsdale: Pending sales were down to the lowest level we have seen in the past year. They have been falling off since the high in March.
- Scottsdale Home Sales: The number of home sales was down to 520 in July. This is the lowest we have seen in the past year, but it is still a decent performance for a summer month.
Here are two more metrics we track on a monthly basis:
Percent Change Month Over Month – This gives you an idea of how things are performing relative to the previous month. For example, pending sales were down 22.4% in July compared to June.
Sales Price to List Price – This compares average sales prices with the average asking prices of homes. In July, home buyers were seeing a discount off of list price of only 0.5%. Homes with list prices up to $1.5 million came in at 100%.
*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.
Curious about your buying power? Click on the link to learn more.
Search Scottsdale AZ Homes for Sale
Here is a sampling of some of the homes on the market, or click the link above to see all of the homes for sale.
Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2021. Information deemed reliable, but not guaranteed. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright © 2021 Heather Tawes Nelson | Joyce Tawes
