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Scottsdale AZ Luxury Home Market – May 2024

June 25, 2024 By Heather Tawes Nelson

– Scottsdale Luxury Home Market Performance for May 2024 –

For the most part, luxury home sales activity in Scottsdale slowed in May. We do see things start to slow down as the weather gets warmer, so this is not a complete surprise. And, we did see some impressive numbers in April.

This report covers Scottsdale’s luxury home market. To be included, the homes had to have list prices of one million dollars or more. We have broken the information into four price ranges to show greater detail.

– MAY 2024 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

– Active Scottsdale Homes on the Market: Inventory increased slightly to 239, making it the second highest month in the past year.
– UCB Scottsdale Home Sales: After March posted a huge number of UCB contracts, we have been seeing new UCB contract activity slow.
– Pending Scottsdale Home Sales: The number of pending sales also decreased, ending the month at 40. This is just ahead of the 12 month average.
– Scottsdale Homes Sold: Although homes sales fell in May when compared to April, there was still significant activity. May had the 3rd highest number of sales in the past twelve months.
– Sales Price to Listed Price: 96.8% – On average, buyers saw a discount of 3.2% off of list price.

Scottsdale Homes Priced Between $1,500,000 – $1,999,999

Scottsdale home sales between 1.5 and 2 million May 2024

– Active Scottsdale Homes on the Market: After a drop between March and April, inventory was back up at the end of May to 168.
– UCB Scottsdale Home Sales: We saw a big drop in the number of UBC contracts in May when compared to a very impressive April.
– Pending Scottsdale Home Sales: The number of pending contracts also fell in May after a very strong April.
– Scottsdale Homes Sold: The increased activity in UCBs and pendings led to a fantastic sales month for this price point. There were 66 sales and we have not seen a number like this in the past year.
– Sales Price to Listed Price: 96.4% – On average, buyers saw a discount of 3.6% off of list price.

Scottsdale Homes Priced Between $2,000,000 – $2,999,999

Scottsdale home sales between 2 and 3 million May 2024

– Active Scottsdale Homes on the Market: The number of homes for sale moved closer to the 200 level by the end of the month. However, this is still well above the 12 month average of 169.
– UCB Scottsdale Home Sales: The number of UCBs dropped to 24 by the end of the month, which is still ahead of the 12 month average.
– Pending Scottsdale Home Sales: Pendings fell slightly in May, but still turned in a strong performance.
– Scottsdale Homes Sold: Home sales also saw a slight decrease, but were incredibly strong when comparing them to the last 12 months.
– Sales Price to Listed Price: 96.0% – On average, buyers saw a discount of 4.0% off of list price.

Scottsdale Homes Priced $3,000,000+

Scottsdale home sales over 3 million May 2024

– Active Scottsdale Homes on the Market: Inventory dropped sharply in May. Since sales activity was not that intense, I think this can be attributed to people pulling their homes off of the market for the warmer months.
– UCB Scottsdale Home Sales: After a so-so April, UCB contracts were back up in May to 26.
– Pending Scottsdale Home Sales: We also saw some increased activity for pending contracts.
– Scottsdale Homes Sold: Home sales were down quite a bit compared to an amazing April, but still in good shape.
– Sales Price to Listed Price: 95.4% – On average, buyers saw a discount of 4.6% 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:

911 Listings

$1,286,000 6310 E LUDLOW Drive
Scottsdale, AZ 85254 6310 E LUDLOW Drive
Scottsdale, AZ 85254Listing office: DPR Realty LLC

$2,250,000 7262 E BAKER Drive
Scottsdale, AZ 85266 7262 E BAKER Drive
Scottsdale, AZ 85266Listing office: Compass

$6,750,000 10040 E HAPPY VALLEY Road, 1040
Scottsdale, AZ 85255 10040 E HAPPY VALLEY Road, 1040
Scottsdale, AZ 85255Listing office: Realty ONE Group

$1,725,000 8171 E JUAN TABO Road
Scottsdale, AZ 85255 8171 E JUAN TABO Road
Scottsdale, AZ 85255Listing office: Real Broker

$1,450,000 7492 E RED BIRD Road
Scottsdale, AZ 85266 7492 E RED BIRD Road
Scottsdale, AZ 85266Listing office: Coldwell Banker Realty

$1,550,000 12113 E SAHUARO Drive
Scottsdale, AZ 85259 12113 E SAHUARO Drive
Scottsdale, AZ 85259Listing office: Two Brothers Realty & Co

Gated Eagles Glen, Views, 3 En-suites plus large master retreat, near hiking trails

$2,300,000 10270 E SADDLE HORN Trail E
Scottsdale, AZ 85255 10270 E SADDLE HORN Trail E
Scottsdale, AZ 85255Listing office: RE/MAX Fine Properties

$1,649,000 21112 N 74TH Place
Scottsdale, AZ 85255 21112 N 74TH Place
Scottsdale, AZ 85255Listing office: Realty ONE Group

$1,599,000 30765 N 77TH Way
Scottsdale, AZ 85266 30765 N 77TH Way
Scottsdale, AZ 85266Listing office: Russ Lyon Sotheby's International Realty

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Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2024 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 ©2024 Heather Tawes Nelson | Joyce Tawes

The Sweet Spot for Buying Luxury Homes

June 22, 2024 By Heather Tawes Nelson

If you’ve been looking for a home at the high end of your market, but haven’t found the right one, you may have put your search on hold. But according to recent data, now may be the time to jump back in. Here’s why.

There Are More Luxury Homes To Choose From

What’s considered the top-end of the market, or a luxury home, will always vary by location. But generally speaking, they are homes that are valued in the top 5% of any given market. According to a recent report from the Institute for Luxury Home Marketing, the selection of luxury homes is increasing (see graph below):

As the graph shows, there are considerably more single-family luxury homes available now than there were a year ago. In fact, there are even more than there were just a month ago. This means you should have a wider variety of top-of-the-line homes to choose from, each with unique features and styles.

Whether you were searching for the latest design elements, like modern kitchens with chef-grade appliances, a breathtaking view, or integrated smart home technology, more luxury inventory means you should have an easier time finding one that matches your taste and lifestyle.

Rising Luxury Home Prices Can Help You Build Wealth

Another important factor to consider is that luxury home prices are on the rise. According to HousingWire, luxury home prices have increased by 8.7% over the past year. That’s why:

“People with the means to buy high-end homes are jumping in now because they feel confident prices will continue to rise . . . They’re ready to buy with more optimism and less apprehension.”

This means buying before prices climb higher – and while more inventory is on the market – may be your sweet spot. Because home prices are rising, owning a home could help you build more generational wealth over time. On the other hand, if you wait to buy, you might end up paying more for the same home later on as luxury prices continue to rise.

Bottom Line

With growing inventory and rising prices, you have a greater selection of luxury homes to choose from and an opportunity in front of you. Let’s connect today.

Want to see the higher-end homes that are available in our area? Here is a selection of some luxury homes:

1,069 Listings

$1,286,000 6310 E LUDLOW Drive
Scottsdale, AZ 85254 6310 E LUDLOW Drive
Scottsdale, AZ 85254Listing office: DPR Realty LLC

$6,750,000 10040 E HAPPY VALLEY Road, 1040
Scottsdale, AZ 85255 10040 E HAPPY VALLEY Road, 1040
Scottsdale, AZ 85255Listing office: Realty ONE Group

$1,815,900 12871 E North Lane
Scottsdale, AZ 85259 12871 E North Lane
Scottsdale, AZ 85259Listing office: Camelot Homes, Inc.

$2,250,000 7262 E BAKER Drive
Scottsdale, AZ 85266 7262 E BAKER Drive
Scottsdale, AZ 85266Listing office: Compass

$1,875,000 7180 E KIERLAND Boulevard, 1015
Scottsdale, AZ 85254 7180 E KIERLAND Boulevard, 1015
Scottsdale, AZ 85254Listing office: Berkshire Hathaway HomeServices Arizona Properties

Berkshire Hathaway HomeServices Arizona Properties

$1,350,000 4645 N 65TH Street
Scottsdale, AZ 85251 4645 N 65TH Street
Scottsdale, AZ 85251Listing office: HomeSmart

$1,725,000 8171 E JUAN TABO Road
Scottsdale, AZ 85255 8171 E JUAN TABO Road
Scottsdale, AZ 85255Listing office: Real Broker

$2,895,000 19992 N 101st Place
Scottsdale, AZ 85255 19992 N 101st Place
Scottsdale, AZ 85255Listing office: Ventana Fine Properties

$1,699,000 7180 E KIERLAND Boulevard, 1012
Scottsdale, AZ 85254 7180 E KIERLAND Boulevard, 1012
Scottsdale, AZ 85254Listing office: Platinum Living Realty

$1,450,000 7492 E RED BIRD Road
Scottsdale, AZ 85266 7492 E RED BIRD Road
Scottsdale, AZ 85266Listing office: Coldwell Banker Realty

$1,550,000 12113 E SAHUARO Drive
Scottsdale, AZ 85259 12113 E SAHUARO Drive
Scottsdale, AZ 85259Listing office: Two Brothers Realty & Co

$2,300,000 10270 E SADDLE HORN Trail E
Scottsdale, AZ 85255 10270 E SADDLE HORN Trail E
Scottsdale, AZ 85255Listing office: RE/MAX Fine Properties

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Your Equity Could Make a Move Possible

June 18, 2024 By Heather Tawes Nelson

Many homeowners looking to sell feel like they’re stuck between a rock and a hard place right now. Today’s mortgage rates are higher than the one they currently have on their home, and that’s making it harder to want to sell and make a move. Maybe you’re in the same boat.

But what if there was a way to offset these higher borrowing costs? There is. And the money you need probably already exists in your current home in the form of equity.

What Is Equity?

Think of equity as a simple math equation. Freddie Mac explains:

“. . . your home’s equity is the difference between how much your home is worth and how much you owe on your mortgage.”

Your equity grows as you pay down your loan over time and as home prices climb. And thanks to the rapid home price appreciation we saw in recent years, you probably have a whole lot more of it than you realize.

The latest from the Census and ATTOM shows more than two out of three homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity (shown in blue in the chart below):

That means the majority of homeowners have a game-changing amount of equity right now.

How Your Equity Can Help Fuel Your Move

After you sell your house, that equity can help you move without worrying as much about today’s mortgage rates. As Danielle Hale, Chief Economist for Realtor.com says:

“A consideration today’s homeowners should review is what their home equity picture looks like. With the typical home listing price up 40% from just five years ago, many home sellers are sitting on a healthy equity cushion. This means they are likely to walk away from a home sale with proceeds that they can use to offset the amount of borrowing needed for their next home purchase.”

To give you some examples, here are a few ways you can use equity to buy your next home:

Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy your next home without having to take out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates.
Make a larger down payment: Your equity could also be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much at today’s rates.

The First Step: Determine How Much Equity You Have in Your Home

Want to find out how much equity you have? To do that, you’ll need two things:

The current mortgage balance on your home
The current value of your home

You can probably find the mortgage balance on your monthly mortgage statement. To understand the current market value of your house, you can pay hundreds of dollars for an appraisal, or you can contact a local real estate agent who will be able to present to you, at no charge, a professional equity assessment report (PEAR).

Once you’ve connected with a trusted local agent and run the numbers, you’re one step closer to making a move you may not have thought was realistic – all thanks to your equity.

Bottom Line

If you want to find out how much equity you have and talk more about how it can make your next move possible, let’s connect.

Phoenix and Scottsdale AZ Luxury Condo Sales – May 2024

June 15, 2024 By Heather Tawes Nelson

Luxury Condo Sales in Scottsdale and Phoenix – May 2024

May was a solid month for Scottsdale and Phoenix’s luxury condo market. Sales activity was up and we saw some new contracts and pendings.

For this report, all of the condominiums had list prices of $1 million or more.


Luxury Condo Market - May 2024
Phoenix and Scottsdale AZ
	All Luxury Condos	Scottsdale Luxury Condos	Phoenix Luxury Condos
Units on the Market
- Number of Units for Sale	84	68	16
- Average Asking Price	$2,298,858	$2,508,351	$1,408,511
- Average Asking Price Per Sq. Ft.	$957.84	$1,042.50	$598.03
- Average Days on Market*- Active	126	133	97

UCB Sales (Under Contract - Accepting Backup Offers)
- Number of Units UCB	5	0	5
- Average UCB Price	$1,298,397	N/A	$1,298,397
- Average UCB Price Per Sq. Ft.	$690.75	N/A	$690.75

Pending Sales
- Number of Units Pending	123	122	1
- Average Pending Price	$2,813,635	$2,828,337	$1,020,000
- Average Pending Price Per Sq. Ft.	$1,007.07	$1,011.11	$514.89

Luxury Condo Sales
- Number of Units Sold	14	8	6
- Average Sales Price	$1,884,866	$1,874,375	$1,898,853
- Sales Price to List Price	97.5%	93.9%	102.7%
- Average Sold Sq. Feet	2,254	2,139	2,407
- Average Sales Price per Sq. Ft.	$816.00	$874.00	$738.66
- Average Days on Market* - Sold	69	77	59
- Highest Sale Price	$4,500,000	$4,030,000	$4,500,000
- Lowest Sale Price	$1,100,000	$1,100,000	$1,100,000
- Percentage of Total Sales	100%	57%	43%

ACTIVE LISTINGS AT THE END OF MAY

May closed with 84 luxury condos on the market. This down from the previous month.

A unit in ICON at Silverleaf continues to be the highest-priced unit for sale. It is the final penthouse unit and the asking price is $12,900,000. It has four bedrooms, four and one-half bathrooms and 6,288 square feet.

The lowest-priced luxury condo has held this spot for a few months now. Priced at one million, this Optima Camelview Village unit has two bedrooms and bathrooms and 1,233 square feet.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

The number of UCB contracts fell again to five at the end of May. As was the case last month, all of them were located in Phoenix.

UCB Condos in Scottsdale

There were no UCB contracts in Scottsdale at the end of the month.

UCB Condos in Phoenix

The Residences at 2211 Camelback – Two bedrooms and bathrooms, 2,074 square feet, Asking price was $1,100,000.
Toscana at Desert Ridge
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,262,389.
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,280,049.
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,292,596.
- Two bedrooms, two and one-half bathrooms, 2,025 square feet. Asking price was $1,556,951.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Pending inventory continues to climb. In May, it reached a new high of 123. This can be attributed to a number of projects under development.

Scottsdale Pending Luxury Condos

The Mark Condominiums – Three bedrooms, two and one-half bathrooms, 1,811 square feet. Asking price was $1,200,000.
Optima Camelview – Three bedrooms, three and one-half bathrooms, 3,233 square feet. Asking price was $2,795,000.
Optima Kierland
- Two bedrooms and bathrooms, 1,387 square feet. Asking price was $1,224,999.
- Two bedrooms, two and one-half bathrooms, 1,535 square feet. Asking price was $1,445,000.
- Two bedrooms, two and one-half bathrooms, 1,754square feet. Asking price was $1,695,000.
Portico Scottsdale Condominiums – This is a new development in North Scottsdale.
- Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,025,000.
- Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,060,000.
- Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,064,650.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,444,500.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,475,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,495,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,505,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,587,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,658,500.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,660,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,664,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,718,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,730,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,733,400.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,743,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,744,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,769,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,814,400.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,845,750.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,899,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,935,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $2,007,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $2,016,950.
Ascent at the Phoenician – This is another fantastic development underway.
- One bedroom, one and one-half bathrooms, 1,698 square feet. Asking price was $1,450,000.
- One bedroom, one and one-half bathrooms, 1,698 square feet. Asking price was $1,475,000.
- Two bedrooms, two and one-half bathrooms, 1,789 square feet. Asking price was $1,600,000.
- Two bedrooms, two and one-half bathrooms, 1,847 square feet. Asking price was $1,600,000.
- Two bedrooms, two and one-half bathrooms, 1,789 square feet. Asking price was $1,650,000.
- Two bedrooms, two and one-half bathrooms, 1,847 square feet. Asking price was $1,650,000.
- One bedroom, two bathrooms, 1,519 square feet. Asking price was $1,725,000.
- One bedroom, two bathrooms, 1,519 square feet. Asking price was $1,725,000.
- Two bedrooms, two and one-half bathrooms, 2,346 square feet. Asking price was $1,875,000.
- Two bedrooms, two and one-half bathrooms, 2,547 square feet. Asking price was $1,925,000.
- Two bedrooms, two and one-half bathrooms, 2,346 square feet. Asking price was $1,950,000.
- One bedroom, two bathrooms, 1,896 square feet. Asking price was $1,975,000.
- Two bedrooms, two and one-half bathrooms, 2,547 square feet. Asking price was $1,995,000.
- Two bedrooms, two and one-half bathrooms, 1,767 square feet. Asking price was $2,025,000.
- Two bedrooms, two and one-half bathrooms, 2,374 square feet. Asking price was $2,050,000.
- Two bedrooms and bathrooms, 1,847 square feet. Asking price was $2,075,000.
- One bedroom, two bathrooms, 1,677 square feet. Asking price was $2,100,000.
- One bedroom, two bathrooms, 1,678 square feet. Asking price was $2,100,000.
- One bedroom, two bathrooms, 1,678 square feet. Asking price was $2,175,000.
- Two bedrooms, two and one-half bathrooms, 2,589 square feet. Asking price was $2,175,000.
- One bedroom, two bathrooms, 1,677 square feet. Asking price was $2,195,000.
- Two bedrooms and bathrooms, 2,157 square feet. The asking price was $2,225,000.
- Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,285,000.
- Two bedrooms, three bathrooms, 2,244 square feet. Asking price was $2,325,000.
- Two bedrooms, three bathrooms, 2,157 square feet. Asking price was $2,350,000.
- Two bedrooms and bathrooms, 2,294 square feet. Asking price was $2,385,000.
- Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,395,000.
- Two bedrooms, two and one-half bathrooms, 1,848 square feet. Asking price was $2,395,000.
- Two bedrooms, three bathrooms, 2,294 square feet. Asking price was $2,395,000.
- Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,395,000.
- Two bedrooms, three bathrooms, 2,157 square feet. Asking price was $2,425,000.
- Two bedrooms and bathrooms, 2,068 square feet. Asking price was $2,485,000.
- Two bedrooms, two and one-half bathrooms, 2,160 square feet. Asking price was $2,485,000.
- Two bedrooms, three bathrooms, 2,510 square feet. Asking price was $2,550,000.
- Two bedrooms, two and one-half bathrooms, 1,848 square feet. Asking price was $2,625,000.
- Two bedrooms, three bathrooms, 2,593 square feet. Asking price was $2,695,000.
- Two bedrooms, three bathrooms, 2,318 square feet. Asking price was $2,695,000.
- Two bedrooms and bathrooms, 2,157 square feet. Asking price was $2,750,000.
- Two bedrooms, two and one-half bathrooms, 2,160 square feet. Asking price was $2,795,000.
- Two bedrooms and bathrooms, 2,579 square feet. Asking price was $2,850,000.
- Two bedrooms, three bathrooms, 2,294 square feet. Asking price was $2,875,000.
- Two bedrooms and bathrooms, 2,318 square feet. Asking price was $2,950,000.
- Two bedrooms and bathrooms, 2,683 square feet. Asking price was $2,985,000.
- Two bedrooms. three bathrooms, 2,510 square feet. Asking price was $2,995,000.
- Two bedrooms. three bathrooms, 2,599 square feet. Asking price was $2,995,000.
- Two bedrooms, three bathrooms, 2,497 square feet. Asking price was $3,050,000.
- Two bedrooms, three bathrooms, 2,592 square feet. Asking price was $3,100,000.
- Two bedrooms, three bathrooms, 2,527 square feet. Asking price was $3,275,000.
- Two bedrooms, three bathrooms, 2,326 square feet. Asking price was $3,375,000.
- Two bedrooms and bathrooms, 2,318 square feet. Asking price was $3,385,000.
- Two bedrooms, three bathrooms, 2,510 square feet. Asking price was $3,395,000.
- Two bedrooms and bathrooms, 2,592 square feet. Asking price was $3,525,000.
- Two bedrooms, three bathrooms, 2,576 square feet. Asking price was $3,585,000.
- Two bedrooms and bathrooms, 2,526 square feet. Asking price was $3,695,000.
- Three bedrooms, three and one-half bathrooms, 3,867 square feet. Asking price was $3,975,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,100,000.
- Three bedrooms, four bathrooms, 3,037 square feet. Asking price was $4,150,000.
- Three bedrooms, four bathrooms, 3,200 square feet. Asking price was $4,295,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,450,000.
- Three bedrooms, three bathrooms, 3,141 square feet. Asking price was $4,475,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,500,000.
- Three bedrooms, four bathrooms, 3,166 square feet. Asking price was $4,595,000.
- Three bedrooms and bathrooms, 3,200 square feet. Asking price was $4,725,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,750,000.
- Three bedrooms, three bathrooms, 3,141 square feet. Asking price was $4,750,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,895,000.
- Three bedrooms, three and one-half bathrooms, 3,945 square feet. Asking price was $4,950,000.
ICON at Silverleaf – Currently under construction.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $1,995,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,150,000.
- Two bedrooms, two and one-half bathrooms, 2,750 square feet. Asking price was $2,375,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,500,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,600,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,625,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,700,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,750,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,800,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,900,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,900,000.
- Three bedrooms and bathrooms, 3,157 square feet. Asking price was $2,995,000.
- Three bedrooms, three and one-half bathrooms, 3,170 square feet. Asking price was $2,995,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,175,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,195,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,200,000.
- Three bedrooms, four bathrooms 3,157 square feet. Asking price was $3,350,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,600,000.
- Three bedrooms, four bathrooms, 3,867 square feet. Asking price was $3,600,000.
- Three bedrooms, four bathrooms, 3,329 square feet. Asking price was $3,900,000.
- Five bedrooms, five and one-half bathrooms, 5,534 square feet. Asking price was $5,400,000.
- Five bedrooms, five and one-half bathrooms, 5,534 square feet. Asking price was $5,985,000.
- Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $6,900,000.
- Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $7,700,000.
- Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $7,718,000.
- Four bedrooms, four and one-half bathrooms, 5,534 square feet. Asking price was $8,000,000
- Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $8,350,000.

Phoenix Pending Luxury Condos

Summit at Copper Square – Three bedrooms and bathrooms, 1,981 square feet. Asking price was $1,020,000.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Fourteen condos sold in May. They were almost evenly split between Scottsdale and Phoenix.

Scottsdale Luxury Condo Sales

Reserve Scottsdale – Three bedrooms, two and one-half bathrooms, 2,639 square feet. Asking price was $1,299,500 and it sold for $1,265,000.
Scottsdale Waterfront Residences
- Two bedrooms, two and one-half bathrooms, 1,919 square feet. Asking price was $1,550,000 and it closed for $1,525,000.
- Three bedrooms, three and one-half bathrooms, 3,898 square feet. Asking price was $4,495,000 and it sold for $4,030,000.
- Two bedrooms, two and one-half bathrooms, 2,092 square feet. Asking price was $2,295,000 and it closed for $2,150,000.
Optima Kierland
- Two bedrooms, two and one-half bathrooms, 1,579 square feet. Asking price was $1,700,000 and it sold for $1,525,000.
- Two bedrooms and bathrooms, 1,258 square feet. Asking price was $1,140,000 and it sold for $1,100,000.
Optima Camelview – Three bedrooms and bathrooms, 1,953 square feet. Asking price was $1,995,000 and it sold for $1,925,000.
Oasis at Gainey Ranch – Two bedrooms and bathrooms, 1,776 square feet. Asking price was $1,495,000 and it sold for $1,475,000.

Phoenix Luxury Condo Sales

Two Biltmore Estates – Four bedrooms, three and one-half bathrooms, 3,950 square feet. Asking price was $4,125,000 and it sold for $4,500,000.
Toscana at Desert Ridge
- Two bedrooms, two and one-half bathrooms, 1,781 square feet. Asking price was $1,248,181 and it sold for list price.
- Two bedrooms, two and one-half bathrooms, 2,025 square feet. Asking price was $1,394,396 and it sold for $1,394,397.
- Three bedrooms, three and one-half bathrooms, 2,171 square feet. Asking price was $1,150,000 and it sold for $1,100,000.
Fairway Lodge at the Biltmore – Three bedrooms, two and one-half bathrooms, 2,329 square feet. Asking price was $1,625,000 and it sold for $1,600,000.
Portland on the Park – Two bedrooms, two and one-half bathrooms, 2,185 square feet. Asking price was $1,550,000 and it sold for list price.

Learn More About Phoenix and Scottsdale Luxury Condos

Search Phoenix and Scottsdale Luxury Condos for Sale

Currently Listed Luxury Condos for Sale

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79 Matches Found

Listings Per Page

Open House $1,875,000

7180 E KIERLAND Boulevard, 1015, Scottsdale, AZ

Active
2BD 2BA 1,698SF

Last Modified: 7:43pm, November 22, 2024

Listing Office: Berkshire Hathaway HomeServices Arizona Properties

$1,699,000

7180 E KIERLAND Boulevard, 1012, Scottsdale, AZ

Active
2BD 2BA 1,461SF

Last Modified: 7:32pm, November 22, 2024

Listing Office: Platinum Living Realty

$4,495,000

6311 E PHOENICIAN Boulevard, 18, Scottsdale, AZ

Active
3BD 3.5BA 3,188SF

Last Modified: 7:10pm, November 22, 2024

Listing Office: Compass

$2,800,000

5587 E EDWARD Lane, Paradise Valley, AZ

Active
3BD 3BA 2,502SF

Last Modified: 3:16am, November 22, 2024

Listing Office: RETSY

New Listing $2,695,000

15215 N KIERLAND Boulevard, 531, Scottsdale, AZ

Active
2BD 2.5BA 2,162SF

Last Modified: 12:36am, November 22, 2024

Listing Office: Compass

$1,020,000

7157 E RANCHO VISTA Drive, 1012, Scottsdale, AZ

Active
2BD 2BA 1,528SF

Last Modified: 9:22pm, November 21, 2024

Listing Office: The Brokery

$2,095,000

15215 N KIERLAND Boulevard, 536, Scottsdale, AZ

Active
2BD 2.5BA 2,086SF

Last Modified: 7:41pm, November 21, 2024

Listing Office: Signature Properties

$1,298,000

7127 E RANCHO VISTA Drive, 2001, Scottsdale, AZ

Active
3BD 2BA 1,781SF

Last Modified: 3:40pm, November 21, 2024

Listing Office: Realty ONE Group

$1,345,900

7147 E RANCHO VISTA Drive, 5002, Scottsdale, AZ

Active
2BD 2BA 1,533SF

Last Modified: 11:52pm, November 20, 2024

Listing Office: HomeSmart

$1,575,000

7151 E Rancho Vista Drive, 2006, Scottsdale, AZ

Active
3BD 2BA 2,222SF

Last Modified: 10:39pm, November 20, 2024

Listing Office: The Agency

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Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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Disclaimer: Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2024 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. Information deemed reliable, but not guaranteed. There may be new condo 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 ©2024 Heather Tawes Nelson | Joyce Tawes

Quick Video Update of the Scottsdale Real Estate Market – May 2024

June 12, 2024 By Heather Tawes Nelson

– May 2024 Scottsdale Housing Market Video –

Here is a quick video overview of the Scottsdale, Arizona single-family home real estate market that covers the month of May.

May 2024 – Video

Scottsdale Active Listings

The inventory of homes for sale was down slightly by the end of the month.

May ended with 1,225 homes for sale. This is a 2.5% decrease when compared to April and an impressive 25.6% increase over the same time last year. Scottsdale had been struggling with very low inventory, so it is nice to see more homes for sale.

Average List Price for Scottsdale Homes

I used to use median listing price data, but I no longer have accurate access to that information. Instead, I will track average listing prices. (Technically, the median price is a better indicator since the average price can skew one way or the other due to extremely low or extremely high list prices, but this will still give you a decent idea of the prices of homes in Scottsdale.)

The average list price in Scottsdale saw a decrease for the first time in a while. At the end of the month, it came in just over $2.5 million. This represents a 4.9% decrease in average list price compared to April and a 4.9% increase when compared to May 2023.

Days on Market

Days on Market, (also referred to as DOM,) is a quick and simple way to get a feel for a market. A high DOM means homes are taking longer to sell and a low DOM means homes are selling faster.

May’s Days on Market was 71 which is a pretty solid number. When we had the market dip a while back, it was not unusual to see this number in the 100+ range. And during the real estate frenzy we experienced recently, you could see it in the 30 range.

May’s DOM was down 4.1% from April and down 2.8% from May 2023.

Average Sales Price for Scottsdale Homes

The average sales price in May fell compared to April

May’s average sales price in Scottsdale came in just over $1.5 million. Compared to April, the average sales price was 7.6% lower. However, it was up 5.0% over May 2023.

Number of Homes Sold

This last section covers home sales in Scottsdale.

After a respectable April, we did see sales fall by 4.0% in May to 402. This is also well below May 2023 and represents a 12.9% decrease.

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel.

Interested in other stats for our market? Visit our Real Estate Market Update page.

Here Are Some Scottsdale Homes Currently For Sale

2,095 Listings

$1,286,000 6310 E LUDLOW Drive
Scottsdale, AZ 85254 6310 E LUDLOW Drive
Scottsdale, AZ 85254Listing office: DPR Realty LLC

$2,250,000 7262 E BAKER Drive
Scottsdale, AZ 85266 7262 E BAKER Drive
Scottsdale, AZ 85266Listing office: Compass

$475,000 7407 E FILLMORE Street
Scottsdale, AZ 85257 7407 E FILLMORE Street
Scottsdale, AZ 85257Listing office: Real Broker

$6,750,000 10040 E HAPPY VALLEY Road, 1040
Scottsdale, AZ 85255 10040 E HAPPY VALLEY Road, 1040
Scottsdale, AZ 85255Listing office: Realty ONE Group

$949,000 7955 E SOLANO Drive
Scottsdale, AZ 85250 7955 E SOLANO Drive
Scottsdale, AZ 85250Listing office: RE/MAX Excalibur

$1,875,000 7180 E KIERLAND Boulevard, 1015
Scottsdale, AZ 85254 7180 E KIERLAND Boulevard, 1015
Scottsdale, AZ 85254Listing office: Berkshire Hathaway HomeServices Arizona Properties

$849,900 8201 E CYPRESS Street
Scottsdale, AZ 85257 8201 E CYPRESS Street
Scottsdale, AZ 85257Listing office: Compass

$725,000 7800 E Lincoln Drive, 1037
Scottsdale, AZ 85250 7800 E Lincoln Drive, 1037
Scottsdale, AZ 85250Listing office: Coldwell Banker Realty

$1,350,000 4645 N 65TH Street
Scottsdale, AZ 85251 4645 N 65TH Street
Scottsdale, AZ 85251Listing office: HomeSmart

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Disclaimer: Data deemed to be accurate, but is not guaranteed. Data was pulled from ARMLS on 6/1/2024.

Scottsdale AZ Single Family Home Sales – May 2024

June 10, 2024 By Heather Tawes Nelson

– May 2024 Scottsdale Homes for Sale and Home Sales –

After a somewhat lackluster April, we saw further declines in activity in May.

SCOTTSDALE HOME SALES ACTIVITY – MAY 2024

Each month, we review the sales activity for homes in Scottsdale. To glean a better understanding of the market, we track the following items on a monthly basis:

– Single-family homes for sale – Orange Line – How many homes were in active status at the end of the month.
– Under contract, but accepting backup offers (UCB) – Gray Line -The number of UCBs at the end of the month.
– Pending home sales – Yellow Line – How many pending contracts there were at the end of the month.*
– Home Sales – Blue Line – How many homes sold that month.

MAY 2024 RESULTS

Scottsdale Homes for Sale: The number of active listings fell slightly in May, but we are still in a healthier range in terms of the number of homes for sale.
UCB (Under contract, accepting backup offers): There was a steep decline in the number of UCB contracts in May. We had been in the 200+ range for several months, but UCBs fell to 175 in May. This is similar to where it was in June 2023.
Pending Homes Sales in Scottsdale: The number of pending contracts also fell steeply. We closed out the month with 216 pending sales, a 19% decrease compared to April.
Scottsdale Home Sales: Home sales were down moderately. We ended the month in the 400s, but based on UCB and pending action, I predict an upcoming decrease for June.

This next section has two more sales metrics that we track:

Percent Change Month Over Month – This metric tracks monthly activity and compares it to the previous month’s activity. As you can see, we are seeing slower activity on all fronts.

Sales Price to List Price – Here we compare the difference between what homes had been listed for compared to what they sold for. In May, we came in at 96.6%, which means that, on average, buyers saw a discount of 3.3% off of asking prices.

*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.

Curious about your buying power? Click on the link to learn more.

Search All Scottsdale AZ Homes for Sale

Here are some homes in Scottsdale currently for sale:

2,095 Listings

$6,750,000 10040 E HAPPY VALLEY Road, 1040
Scottsdale, AZ 85255 10040 E HAPPY VALLEY Road, 1040
Scottsdale, AZ 85255Listing office: Realty ONE Group

$1,815,900 12871 E North Lane
Scottsdale, AZ 85259 12871 E North Lane
Scottsdale, AZ 85259Listing office: Camelot Homes, Inc.

$1,286,000 6310 E LUDLOW Drive
Scottsdale, AZ 85254 6310 E LUDLOW Drive
Scottsdale, AZ 85254Listing office: DPR Realty LLC

$2,250,000 7262 E BAKER Drive
Scottsdale, AZ 85266 7262 E BAKER Drive
Scottsdale, AZ 85266Listing office: Compass

$475,000 7407 E FILLMORE Street
Scottsdale, AZ 85257 7407 E FILLMORE Street
Scottsdale, AZ 85257Listing office: Real Broker

$949,000 7955 E SOLANO Drive
Scottsdale, AZ 85250 7955 E SOLANO Drive
Scottsdale, AZ 85250Listing office: RE/MAX Excalibur

$1,875,000 7180 E KIERLAND Boulevard, 1015
Scottsdale, AZ 85254 7180 E KIERLAND Boulevard, 1015
Scottsdale, AZ 85254Listing office: Berkshire Hathaway HomeServices Arizona Properties

$849,900 8201 E CYPRESS Street
Scottsdale, AZ 85257 8201 E CYPRESS Street
Scottsdale, AZ 85257Listing office: Compass

$725,000 7800 E Lincoln Drive, 1037
Scottsdale, AZ 85250 7800 E Lincoln Drive, 1037
Scottsdale, AZ 85250Listing office: Coldwell Banker Realty

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Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2024. 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 © 2024 Heather Tawes Nelson | Joyce Tawes

Mid-Year Market Update for 2024: What Buyers and Sellers Need to Know

June 4, 2024 By Heather Tawes Nelson

Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024.^1,2,3 Unfortunately, persistent inflation has delayed the central bank’s timeline and kept the average 30-year mortgage rate hovering around 7% so far this year.²

While elevated mortgage rates have continued to dampen the pace of home sales and affordability, there have been some positive developments for frustrated homebuyers. Nationwide, the inventory shortage is starting to ease, and an uptick in starter homes coming on the market has helped to slow the median home price growth rate, presenting some relief to cash-strapped buyers.⁴

There are also signs that sellers are adjusting to the higher rate environment, as a growing number list their properties for sale.⁴ Still, economists say a persistent housing deficit—combined with tighter lending standards and historically high levels of home equity—will help keep the market stable.⁵

What does that mean for you? Read on for our take on this year’s most important real estate news and get a sneak peek into what analysts predict is around the corner for 2024.

MORTGAGE RATE CUTS WILL TAKE LONGER THAN EXPECTED

At its most recent meeting on May 1, the Federal Reserve announced that it would keep its overnight rate at a 23-year high in response to the latest, still-elevated inflation numbers.⁶

While mortgage rates aren’t directly tied to the federal funds rate, they do tend to move in tandem. So, while expected, the Fed’s announcement was further proof that a meaningful decline in mortgage rates—and a subsequent real estate market rebound—is farther off than many experts predicted.

“The housing market has always been interest rate sensitive. When rates go up, we tend to see less activity,” explained Realtor.com chief economist Danielle Hale in a recent article. “The housing market is even more rate sensitive now because many people are locked into low mortgage rates and because first-time buyers are really stretched by high prices and borrowing costs.”⁷

Many experts now speculate that the first benchmark rate cut will come no sooner than September, so homebuyers hoping for a cheaper mortgage will have to remain patient.

“We’re not likely to see mortgage rates decline significantly until after the Fed makes its first cut; and the longer it takes for that to happen, the less likely it is that we’ll see rates much below 6.5% by the end of the year,” predicted Rick Sharga, CEO at CJ Patrick Company, in a May interview.⁸

What does it mean for you? Mortgage rates aren’t expected to fall significantly any time soon, but that doesn’t necessarily mean you should wait to buy a home. A drop in rates could lead to a spike in home prices if pent-up demand sends a flood of homebuyers back into the market. Reach out to schedule a free consultation so we can help you chart the best course for your home purchase or sale.

BUYERS ARE GAINING OPTIONS AS SELLERS RETURN TO THE MARKET

There is a silver lining for buyers who have struggled to find the right property: More Americans are sticking a for-sale in their yard.⁹Given the record-low inventory levels of the past few years, this presents an opportunity for buyers to find a place they love—and potentially score a better deal.

In 2023, inventory remained scarce as homeowners who felt beholden to their existing mortgage rates delayed their plans to sell. However, a recent survey by Realtor.com shows that a growing number of those owners are ready to jump in off the sidelines.¹⁰

While the majority of potential sellers still report feeling “locked in” by their current mortgage, the share has declined slightly (79% now versus 82% in 2023). Additionally, nearly one-third of those “locked-in” owners say they need to sell soon for personal reasons, and the vast majority (86%) report that they’ve already been thinking about selling for more than a year.¹⁰

Renewed optimism may also be playing a part. “Both our ‘good time to buy’ and ‘good time to sell’ measures continued their slow upward drift this month,” noted Fannie Mae Chief Economist Doug Duncan in an April statement.¹¹

However, the current stock of available homes still falls short of pre-pandemic levels, according to economists at Realtor.com. “For the first four months of this year, the inventory of homes actively for sale was at its highest level since 2020. However, while inventory this April is much improved compared with the previous three years, it is still down 35.9% compared with typical 2017 to 2019 levels.”⁴

What does it mean for you? If you’ve had trouble finding a home in the past, you may want to take another look. An increase in inventory, coupled with relatively low buyer competition, could make this an ideal time to make a move. Reach out if you’re ready to search for your next home.

If you’re hoping to sell this year, you may also want to act now. If inventory levels grow, it will become more challenging for your home to stand out. We can craft a plan to maximize your profits, starting with a professional assessment of your home’s current market value. Contact us to schedule a free consultation.

HOME PRICES ARE RISING AT A MORE MANAGEABLE PACE

Homebuyers struggling with high borrowing costs have something else to celebrate. The national median home price has remained relatively stable over the past year, due to sellers bringing a greater share of smaller, more affordable homes to the market.⁴

In addition to offering cheaper homes, a recent survey found that home sellers are also adjusting their expectations when it comes to pricing. In many regions, just 12% anticipate a bidding war (down from 23% last year) and only 15% expect to sell above list price (versus 31% in 2023).¹⁰

But buyers shouldn’t expect a fire sale. According to Realtor.com’s April Housing Market Trends Report, “On an adjusted per-square-foot basis, the median list price grew by 3.8%, as homes continue to retain their value despite increased inventory compared with last year.”⁴

Dr. Selma Hepp, chief economist for the data firm CoreLogic, projects that home prices will keep rising at a gradual pace through the rest of 2024. “Spring home price gains are already off to a strong start despite continued mortgage rate volatility. That said, more inventory finally coming to market will likely translate to more options for buyers and fewer bidding wars, which typically keeps outsized price growth in check.”¹²

What does it mean for you? An increase in more affordable housing stock is great news, especially for first-time buyers. And with home values expected to keep rising, an investment in real estate could help you build wealth over time. Reach out to discuss your goals and budget, and we can help you decide if you’re ready to take your first step on the property ladder.

DESIRE TO OWN PERSISTS, BUT AFFORDABILITY REMAINS AN OBSTACLE

Surveys show that the American dream of homeownership is alive and well, despite the financial challenges. In fact, a recent poll by Realtor.com found that 55% of Millennial and 40% of Gen Z respondents believe that now is a good time to buy a home.¹³

According to Fannie Mae Chief Economist Doug Duncan, buyers are starting to adapt to the new economic reality. “With the historically low rates of the pandemic era now firmly behind us, some households appear to be moving past the hurdle of last year’s sharp jump in rates, an adjustment that we think could help further thaw the housing market. We noted in our latest monthly forecast that we expect to see a gradual increase in home listings and sales transactions in the coming year.”

The Realtor.com study also revealed that even a small drop in mortgage rates could give a big boost to homebuyer demand and affordability. In fact, 40% of the buyers polled would find a home purchase attainable if rates fall under 6%, and an additional 32% plan to enter the market if rates dip below 5%.^13I

But waiting for rates to drop isn’t the only approach that Americans are using to afford a home. A survey by U.S. News & World Report found that determined homebuyers are employing a variety of strategies, including shopping multiple lenders (52%), purchasing discount points to lower their rates (36%), and opting for adjustable-rate mortgages (36%). More than three-quarters of today’s buyers also hope to refinance to a lower rate in the future.¹⁴

Despite the obstacles, these respondents remain steadfast in their desire to own a home, listing financial benefits, stability, and more space as their top motivations for wanting to buy.¹⁴

What does it mean for you? If you’re dreaming of a new home, let’s talk. We can help you evaluate your options and connect you with a mortgage professional to discuss strategies you can use to make your monthly payments more affordable. And remember, in many cases, you can refinance if rates drop in the future.

If you have plans to sell, it will be crucial to enlist the help of a skilled agent who knows how to maximize your profit margins and draw in qualified buyers. Reach out for a copy of our multi-step Property Marketing Plan.

WE’RE HERE TO GUIDE YOU

While national housing reports can give you a “big picture” outlook, much of real estate is local. And as local market experts, we know what’s most likely to impact sales and drive home values in your particular neighborhood. As a trusted partner in your real estate journey, we can guide you through the market’s twists and turns.

If you’re considering buying or selling a home in 2024, contact us now to schedule a free consultation. Let’s work together and craft an action plan to meet your real estate goals.

The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professional for advice regarding your individual needs.

Sources:

CBS News –
https://www.cbsnews.com/news/federal-reserve-rate-decision-pause-december-13/
Bankrate –
https://www.bankrate.com/mortgages/historical-mortgage-rates/
Fannie Mae –
https://www.fanniemae.com/media/50096/display
Realtor.com –
https://www.realtor.com/research/april-2024-data/
Bankrate –
https://www.bankrate.com/real-estate/is-the-housing-market-about-to-crash/
NPR –
https://www.npr.org/2024/05/01/1248454950/federal-reserve-inflation-interest-rates
Realtor.com –
https://www.realtor.com/news/trends/will-the-fed-cut-interest-rates-2024-housing-market/
The Mortgage Reports –
https://themortgagereports.com/32667/mortgage-rates-forecast-fha-va-usda-conventional
Fast Company –
https://www.fastcompany.com/91106568/housing-market-inventory-rising-across-country-maps
Realtor.com –
https://www.realtor.com/research/2023-q1-sellers-survey-btts/
Fannie Mae –
https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey
CoreLogic –
https://www.corelogic.com/press-releases/corelogic-us-annual-home-price-growth-slows-still-up-by-over-5-february/
Realtor.com –
https://www.realtor.com/research/america-dream-survey-feb-2024/
US News & World Report –
https://money.usnews.com/loans/mortgages/articles/2024-homebuyer-survey

Things to Do in Scottsdale – June 2024

May 31, 2024 By Heather Tawes Nelson

– Scottsdale Events June 2024 –

June is here and with it comes some new fun events and happenings all over the Valley, and state! Here are some you might want to check out:

602 Day at the Phoenix Zoo – June 2nd – The Phoenix Zoo is participating in 602 day for the first time. Buy zoo tickets for only $6.02! And the zoo will open at 6:02 AM! You must buy tickets in advance to take advantage of this special!
Flashlight Nights at the Desert Botanical Garden – Saturdays June 1st – September 14th – Experience the desert and night and have some family fun at the DBG! Explore the trails, enjoy drinks and treats and perhaps interact with desert critters. For the 21+ crowd, Sonoran Sippin’ will take place on June 21st.
Free Concerts at the McCormick Stillman Railroad Park – Sundays through June 23rd – We are down to the final concerts of the season This month will feature Mowtown & Top 40, and Elton John experience, Funk and R&B and wraps with a Glow Up party with a DJ. Each concert is free admission and there will be food trucks for anyone looking to purchase dinner or a treat.
Old Town Farmers’ Market – Saturdays through June – Head to Old Town Scottsdale to take advantage of the last month of the Farmers’ Market. Select from fresh organic produce, baked goods, prepared foods and so much more all while supporting local businesses.
Summer Fridays at Scottsdale Quarter – Starts June 21st – Oh to be a kid again! This kid-focused series brings the fun. There is a new theme each week from 10AM to 11AM and the first one will be Fiesta Friday. Kids can play in the fountain and there will be a DJ, treats and water toys to play with.
Arizona Children’s Learning and Play Festival – June 29th – WestWorld is hosting this event put on by the McDowell Sonoran Conservancy. Children and families will be immersed in learning, play and exploring. This event is free, but there is a $10 parking fee.
Old Town Scottsdale June Day s – June 1st through June 30th – What a great way to celebrate Scottsdale all month. Old Town has events and activities going all all through June. Some of them will be highlighted below, but be sure to check out the other offerings.
Pick Your Own Produce at Tolmachoff Farms – Select dates in June – Ready for incredibly fresh vegetables and fruit? Head over to Tolmachoff Farms in Glendale to pick your own. Offered on Wednesday, Friday and Saturday mornings, you will pay $3.00 per pound (with some exceptions.) And if you are not in the mood to pick your own, there is a produce stand that is open daily from 9 to 5, through mid-July.
Go Tubing on the Salt River – Open for the season – Pass the day and stay cool while floating down the Salt River. You can now make reservations in advance and they have special themed days. On June 8th, the theme is Salt River Pirates and on June 22nd, it is Super Heroes Splashdown. They even have a bus option for BYO tubers.

As always, this is just a partial list. Feel free to add any others in the comment section!

Blog

– Scottsdale Luxury Home Market Performance for May 2024 –

– MAY 2024 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

Scottsdale Homes Priced Between $1,500,000 – $1,999,999

Scottsdale Homes Priced Between $2,000,000 – $2,999,999

Scottsdale Homes Priced $3,000,000+

There Are More Luxury Homes To Choose From

Rising Luxury Home Prices Can Help You Build Wealth

Bottom Line

What Is Equity?

How Your Equity Can Help Fuel Your Move

The First Step: Determine How Much Equity You Have in Your Home

Bottom Line

Luxury Condo Sales in Scottsdale and Phoenix – May 2024

ACTIVE LISTINGS AT THE END OF MAY

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

UCB Condos in Scottsdale

UCB Condos in Phoenix

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Scottsdale Pending Luxury Condos

Phoenix Pending Luxury Condos

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Scottsdale Luxury Condo Sales

Phoenix Luxury Condo Sales

Currently Listed Luxury Condos for Sale

– May 2024 Scottsdale Housing Market Video –

May 2024 – Video

Scottsdale Active Listings

Average List Price for Scottsdale Homes

Days on Market

Average Sales Price for Scottsdale Homes

Number of Homes Sold

Here Are Some Scottsdale Homes Currently For Sale

– May 2024 Scottsdale Homes for Sale and Home Sales –

SCOTTSDALE HOME SALES ACTIVITY – MAY 2024

MAY 2024 RESULTS

Here are some homes in Scottsdale currently for sale:

– Scottsdale Events June 2024 –

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