Here are the Scottsdale Arizona home sales figures for the month of November 2012. This report looks at single-family homes only.
The home sales activity has been broken into three categories based on status and how things have been changing from month to month. It has been further broken down into the last 12 months of sales data:
– Scottsdale homes on the market at the end of November are shown in red.
– Pending homes sales at the end of November are shown in green.
– Completed Home sales for the month of November are shown in purple.
Below is a chart depicting active, pending and completed Scottsdale home sales over the past 12 months.
This first part of the chart below illustrates how levels of inventory change month over month. As an example, the number of active homes on the market was up 5.7% over October.
The second part shows the sales price to list price ratio. This is a quick way to see what kind of discounts buyers got off of asking prices on average. For November, we came in at 4.6%.
November 2012 Highlights for Scottsdale AZ Homes for Sale:
- Active Scottsdale Homes for Sale: Inventory was up again in November to 1,568 homes. This is about where we were in the Spring of 2012. I believe this increase is in response to the market picking up, inventory being down and sellers being more optimistic as we head into the high season. Price appreciation may have also allowed some sellers to gain back some equity that had been lost, making it an opportune time to list the home.
- Pending Homes Sales in Scottsdale: Pending home sales were flat compared to October at 432.
- Scottsdale Homes Sold: Sales of homes were off slightly (1%) to 386, which is where they were at the beginning of the year. Based on the pending number, I estimate sales will be about the same in December as well.
- Sales Price to List Price Ratio: We have been hovering in this range for the entire year. So on average, buyers could expect to see a 4-5% discount off of the asking price of a home. However, this tends to vary by price point. Generally, on lower priced homes, you will see more competition and little to no discount, whereas you may be able to get a larger discount on a luxury home.
In summary, November was an OK month for the Scottsdale AZ real estate market. Inventory increased which is a positive for buyers. Pending sales stayed on track and home sales were only down minimally. Based on what we would expect with seasonality, I anticipate it being somewhat quiet over the next month or two and then picking up as we move into the Spring.
Search Scottsdale AZ Homes for Sale
Disclaimer: Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2012 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 may 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 © 2012 Heather Tawes Nelson
