– Scottsdale Luxury Home Market Performance for December 2019 –
The luxury home market in Scottsdale closed out the year with a fantastic performance. Sales were outstanding in most price points.
This luxury market report covers homes with values in excess of $1 million. To show more detail, these homes have been split into four price points.
Each month, we look at the following sales activities:
Active – How many homes were for sale at the end of the month.
UCB (Under Contract Accepting Backup Offers) – How many homes were under contract, but still accepting backup offers at the end of the month.
Pending – How many pending sales there were at the end of the month.
Sold – The number of homes sold each month.
– DECEMBER 2019 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory was down slightly at the end of the year as sales ramped up and listings expired.
– UCB Scottsdale Home Sales: The number of UCB contracts was down to 21. This is not surprising due to the holidays,
– Pending Scottsdale Home Sales: Pending sales also fell in December to 29 for the same reason.
– Scottsdale Homes Sold: Sales jumped 28.3% between November and December, after a 39.4% jump between October and November. December had the most sales of the past 12 months
– Sales Price to Listed Price: 95.7% – On average buyers saw a discount off of list price of 4.3%.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: The number of homes for sale fell 8.8% to close out the month with 166 homes.
– UCB Scottsdale Home Sales: UCBs fell to thirteen, about where they were this same time last year.
– Pending Scottsdale Home Sales: Pending sales were actually up in this price point. At the end of December, there were 17 pendings.
– Scottsdale Homes Sold: Twenty-two homes closed. This is ahead of the 12 month average.
– Sales Price to Listed Price: 95.1% – On average, buyers saw a discount off of list price of 4.9%.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory was pretty level and only fell by a few homes.
– UCB Scottsdale Home Sales: UCB contracts closed out the month at seven. This is slightly lower and is below the 12 month average.
– Pending Scottsdale Home Sales: The number of pending sales stayed level between November and December.
– Scottsdale Homes Sold: Home sales fell almost by half after an incredibly strong November. This is the only price point where sales dipped in December.
– Sales Price to Listed Price: 95.4% – On average, buyers saw a discount off of list price of 4.6%.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: The number of homes for sale over $3 million remained level.
– UCB Scottsdale Home Sales: The number of UCB contracts doubled after coming in at four for the past three months.
– Pending Scottsdale Home Sales: Pending contracts were down by two at the end of December.
– Scottsdale Homes Sold: Nine homes sold in December, making it one of the top sales months of the year.
– Sales Price to Listed Price: 93.4% – On average, buyers saw a discount off of list price of 6.6%.
If you would like additional detail 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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Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2020 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 ©2020 Heather Tawes Nelson | Joyce Tawes
