– Scottsdale AZ Luxury Home Market Performance for June 2015 –
Scottsdale’s luxury home market had a very strong June in terms of pendings and sales. This was a nice way to head into Scottsdale’s warmer months.
This report takes a look at the local luxury home market, which is being defined as single-family homes with list prices of $1 million or more. For additional levels of detail, this data has been broken into four price segments.
Each of the price segments includes the following information:
Active – The number of homes for sale at the end of the month.
Pending – The number of pending sales at the end of the month,
Sold – The number of homes that sold that month.
– June 2015 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Active listings dropped 20.5% over the end of May. This large drop is something we see seasonally as owners take their homes off of the market during the slower months.
– Pending Scottsdale Home Sales: Pending sales were solid at 26. This is ahead of the 12 month average of 23.
– Scottsdale Homes Sold: Thirty-four homes sold in June, a strong performance for this price range.
– Sales Price to Listed Price: 94.4% – This is pretty standard for this segment.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: Inventory dropped again last month. The almost 20% drop brought this figure to under the 12 month average.
– Pending Scottsdale Home Sales: Pendings stayed level at 16. This is a solid performance that is ahead of the 12 month average of 13.
– Scottsdale Homes Sold: Nineteen homes sold in June, this highest this been in a year and almost double the 12 month average of 10.
– Sales Price to Listed Price: 94.7% – This figure tends to move a bit, but this is about where we would expect it.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: As we saw elsewhere, inventory was down at the end of June to 151.
– Pending Scottsdale Home Sales: Pending sales were up by one at the end of the month to seven.
– Scottsdale Homes Sold: Six homes sold in June, which is below the 12 month average of eight.
– Sales Price to Listed Price: 92.9% – This is s a little lower than we have been seeing recently.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: We saw an 18.6% decrease in inventory by the end of the month.
– Pending Scottsdale Home Sales: Pending sales were level with May at nine. This is ahead of the 12 month average of six.
– Scottsdale Homes Sold: Eight homes sold for over $3 million in June. This is twice the 12 month average.
– Sales Price to Listed Price: 91.2% – This is the first time this figure has been in the 90’s% since November 2014.
The luxury home market in Scottsdale had an excellent month. With the exception of the $2-$3 million price range, sales and pendings were very strong. And, with the solid pending inventory, July should also post some good numbers.
If you would like additional detail on home sales activity, please visit my Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.
Search Scottsdale Luxury Homes for Sale
Disclaimer: Information deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2015 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There June 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 implied or expressed.
Copyright © 2015 Heather Tawes Nelson | Joyce Tawes
