Scottsdale AZ Luxury Home Market – December 2024

– Scottsdale Luxury Home Market Performance for December 2024 –

The Scottsdale luxury home market had another mixed month of sales performance in December. This is pretty typical because many people take a break for the holidays. 

Every month, we track four sales metrics for luxury home sales in Scottsdale. In order to show better detail, we have split the data into four price ranges.

– DECEMBER 2024 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

– Active Scottsdale Homes on the Market: Inventory was down more than 20% by the end of the month. This is the lowest we have seen it in the past year. However, this is something we see annually as people take their homes off of the market for the holidays as well as listing agreements expiring at the end of the year.
– UCB Scottsdale Home Sales: UCBs fell to the lowest level we have seen in the past year.
– Pending Scottsdale Home Sales: Pendings sales were also lower, but the drop was not as dramatic as what we saw with UCBs.
– Scottsdale Homes Sold: Home sales in December were strong. Eighty homes sold which is above the 12 month average.
– Sales Price to Listed Price: 95.9% – On average, buyers saw a discount of 4.1% off of list price.

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Scottsdale Homes Priced Between $1,500,000 – $1,999,999

– Active Scottsdale Homes on the Market: As we will see across the board, the number of homes for sale declined in December.
– UCB Scottsdale Home Sales: After a poor performance in November, UCB contracts were up in December and turned in a solid performance.
– Pending Scottsdale Home Sales: Pending contracts were up by one at the end of December.
– Scottsdale Homes Sold: Sales in this price point were down in December after slower contract activity in November.
– Sales Price to Listed Price: 96.7% – On average, buyers saw a discount of 3.3% off of list price.

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Scottsdale Homes Priced Between $2,000,000 – $2,999,999

– Active Scottsdale Homes on the Market: Inventory was down in December, but it did not fall to levels like we saw during the summer months.
– UCB Scottsdale Home Sales: The number of UCBs was up in December and closed out the month on par with the 12 month average.
– Pending Scottsdale Home Sales: Pending sales were also up in December. This points to a decent sales month in January.
– Scottsdale Homes Sold: Home sales were up over 16% over November.
– Sales Price to Listed Price: 94.3% – On average, buyers saw a discount of 5.7% off of list price.

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Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory was down in this price range as well, but it was still above the 12 month average.
– UCB Scottsdale Home Sales: UCB contracts were down over 52% when compared to November.
– Pending Scottsdale Home Sales: Pending contracts were down slightly, but still turned in a very strong performance in December.
– Scottsdale Homes Sold: Sales saw a huge (51.4%) rebound in December. There were thirty-five sales of homes over $3 million.
– Sales Price to Listed Price: 95.3% – On average, buyers saw a discount of 4.7% off of list price.

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If you would like additional details 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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Here is a sample of some luxury homes that are currently for sale:

Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2025 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 ©2025 Heather Tawes Nelson | Joyce Tawes