Scottsdale AZ Single Family Home Sales – June 2024

– June 2024 Scottsdale Homes for Sale and Home Sales –

As the temperatures go up, we tend to see sales activity fall. June was no exception. Activity on almost all fronts slowed.

SCOTTSDALE HOME SALES ACTIVITY –  JUNE 2024

Below are four sales metrics that we track monthly:

– Single-family homes for sale – Orange Line – The number of homes on the market at the end of the month.
– Under contract, but accepting backup offers (UCB) – Gray Line -How many UCB contracts were at the month’s end.
– Pending home sales – Yellow Line – The number of pendings there were at the end of the month.*
– Home Sales – Blue Line – The number of home sales during the month.

JUNE 2024 RESULTS

• Scottsdale Homes for Sale: Inventory dropped 8.2% between the end of May and the end of June. Some of this could be attributed to people taking their homes off of the market or waiting to list their homes when it is cooler.
• UCB (Under contract, accepting backup offers): UCB contracts were the only sales category that increased in June. The month closed out at 177, which is ahead of the 12 month average of 162.
• Pending Homes Sales in Scottsdale: Pending contracts slipped for the third month in a row. After five months in the 200+ range, we closed out June with 195.
• Scottsdale Home Sales: Home sales saw a decrease of 24.1% in June. And based on lower UCB figures, I anticipate July will come in even lower.

Below are two more sales-related items that we keep an eye on:

Percent Change Month Over Month – This simply compares the current month’s activity to the previous month’s activity. For instance, UCB contracts were up 1.1% when comparing May to June.

Sales Price to List Price – This metric gives you a quick idea of home prices and how much sellers are willing to negotiate. In June, the sales price to list price came in at 96.5%. That means on average, buyers saw a 3.5% discount off of asking prices.

*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.

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Search All Scottsdale AZ Homes for Sale

Here are some homes in Scottsdale currently for sale:

1,928 Listings

$795,000 3106 N 70TH Street, 2004
Scottsdale, AZ 85251 3106 N 70TH Street, 2004
Scottsdale, AZ 85251Listing office: HomeSmart

$465,000 11500 E COCHISE Drive, 1063
Scottsdale, AZ 85259 11500 E COCHISE Drive, 1063
Scottsdale, AZ 85259Listing office: Keller Williams Arizona Realty

$1,395,000 5632 E EMILE ZOLA Avenue
Scottsdale, AZ 85254 5632 E EMILE ZOLA Avenue
Scottsdale, AZ 85254Listing office: Berkshire Hathaway HomeServices Arizona Properties

$537,500 5414 N 78TH Place
Scottsdale, AZ 85250 5414 N 78TH Place
Scottsdale, AZ 85250Listing office: HomeSmart

$1,024,995 7498 E TIMBERLANE Court
Scottsdale, AZ 85258 7498 E TIMBERLANE Court
Scottsdale, AZ 85258Listing office: Barrett Real Estate

$575,000 4810 N 74TH Place
Scottsdale, AZ 85251 4810 N 74TH Place
Scottsdale, AZ 85251Listing office: HomeSmart

$359,000 4800 N 68TH Street, 293
Scottsdale, AZ 85251 4800 N 68TH Street, 293
Scottsdale, AZ 85251Listing office: HomeSmart

$875,000 6419 E PARADISE Lane
Scottsdale, AZ 85254 6419 E PARADISE Lane
Scottsdale, AZ 85254Listing office: Compass

$1,640,000 7235 E Paradise Drive
Scottsdale, AZ 85260 7235 E Paradise Drive
Scottsdale, AZ 85260Listing office: West USA Realty

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MLS IDX Listing Disclosure © 2024

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2024. 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 © 2024 Heather Tawes Nelson | Joyce Tawes