– Scottsdale Homes for Sale and Home Sales in August 2015 –
The Scottsdale real estate market finally showed signs of slowing in August. Although this trend is seasonal in nature, July had surprisingly strong sales.
SCOTTSDALE HOME SALES ACTIVITY – AUGUST 2015
The picture below shows you the past year’s stats related to local home sales.
– Single-family homes on the market are shown in red.*
– Pending home sales are shown in green.*
– Completed home Sales are shown in purple.
AUGUST 2015 RESULTS
- Active Scottsdale Homes for Sale: As expected the inventory of homes for sale dropped again. The number of homes for sale at the end of August was the lowest we have seen in the past year.
- Pending Homes Sales in Scottsdale: Pending sales were up slightly to 301. This is still a pretty solid figure for this time of year.
- August Home Sales in Scottsdale: Sales were down 22.8% over July to 375. Based on pending sales at the end of July and seasonal trends, this drop was expected.
The next graphic looks at a few other things related to the Scottsdale real estate market.
The top part illustrates how things are changing compared to the previous month. As you can see, active homes for sale and home sales were down between July and August, whereas pendings were up slightly.
The lower part is a comparison of what homes sold for versus what they had been listed for. So, in August, homes sold on average for 4.2% less than list price. This number has been pretty stable over the past year.
Overall, Scottsdale’s real estate market saw the seasonal slowdown take place. Inventory and sales were down. However, pending sales were stable, which means we could see similar sales figures for September.
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*Figures for active homes for sale and pending sales are based on the numbers at the end of the month.
Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 9/1/2015 and can change at any time. The analysis looks at single-family resale homes for sale and home sales in Scottsdale AZ over the last 12 months. Information deemed reliable, but not guaranteed. There August 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 © 2015 Heather Tawes Nelson | Joyce Tawes
