– Scottsdale Luxury Home Market Performance for January 2025 –
Inventory and sales of luxury homes in most cases were up again as we are in the midst of the high season.
This report takes a look at the luxury home market’s performance in Scottsdale. The data has been broken down into four price bands to show additional detail.
– JANUARY 2025 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: The number of homes for sale was down by one in February.
– UCB Scottsdale Home Sales: There was a 19.6% increase in UCB contracts between January and February.
– Pending Scottsdale Home Sales: Pendings sales were also up, with a 5.9% increase.
– Scottsdale Homes Sold: Sales jumped to the second highest level we have seen in the past year.
– Sales Price to Listed Price: 99.2% – On average, buyers saw a discount of 0.8% off of list price.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: Inventory continued to climb to the highest level we have seen in the last 12 months.
– UCB Scottsdale Home Sales: After a very strong January, UCB contracts fell, but they still came in at the third highest performance.
– Pending Scottsdale Home Sales: Pendings sales jumped to the highest level we have seen in the past year.
– Scottsdale Homes Sold: The number of homes sold was up 21.2% over January and it was a great month.
– Sales Price to Listed Price: 96.1% – On average, buyers saw a discount of 3.9% off of list price.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory continued to climb in this price range to the highest level we have seen in the past year.
– UCB Scottsdale Home Sales: After a strong January, UCB contracts were down 44% in February.
– Pending Scottsdale Home Sales: After a very weak January, pending contracts were up 34.5% in February. However, this seems a little sluggish for this time of year.
– Scottsdale Homes Sold: Sales were up slightly, coming in ahead of the 12 month average.
– Sales Price to Listed Price: 95.6% – On average, buyers saw a discount of 4.4% off of list price.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory continues to climb, clocking in at new high levels.
– UCB Scottsdale Home Sales: After a huge rebound in January, UCB contracts were down 18.5% in February.
– Pending Scottsdale Home Sales: Pending sales almost doubled in February, coming in 44% higher.
– Scottsdale Homes Sold: Sales fell quite a bit in February, which comes as a surprise. I would have expected them to be somewhere in the 30’s.
– Sales Price to Listed Price: 93.9% – On average, buyers saw a discount of 6.1% off of list price.
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.
Search Scottsdale Luxury Homes for Sale
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 3/1/2025 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
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