Scottsdale Real Estate Market

Top Scottsdale Homes with Pools Under $400,000

July 31, 2018 By Heather Tawes Nelson

Having a private pool is great to have, particularly during the hot summer months. But with Scottsdale’s wonderful weather, you can almost enjoy your pool year-round.

Today, we are featuring homes for sale in Scottsdale that not only have pools, but are priced $400,000 or less.

These homes can be found in several of Scottsdale’s neighborhoods, including the Kierland area, Central Scottsdale as well as many offerings in the Old Town/Downtown Scottsdale region.

Want to See Any of These or Something Else?

Simply contact us with what you are looking for and we will be happy to help!

Or you can search all Scottsdale Homes for Sale here.

Disclaimer: Data from ARMLS. Information subject to change.

Scottsdale AZ Luxury Home Market – June 2018

July 21, 2018 By Heather Tawes Nelson

– Scottsdale AZ Luxury Home Market Performance for June 2018 –

Scottsdale’s luxury home market had another good month, although activity was slower as we moved into the low season. All of the homes in this report had asking prices of $1 million or more. The sales data is split into four different price bands as the various price points perform differently.

We are tracking the four components below:
Active – The number of homes on the market at the end of the month.
UCB (Under Contract Accepting Backup Offers) – The number of homes under contract, but still accepting backup offers at the end of the month.
Pending – The number of homes in pending status at the end of the month.
Sold – How many homes sold that month.

– JUNE 2018 –

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

– Active Scottsdale Homes on the Market: Inventory fell to 109 at the end of June. This is below the 12 month average of 132 homes.
– UCB Scottsdale Home Sales: UCB activity fell as well to five homes. While this is lower than the last two months, it is still a good showing.
– Pending Scottsdale Home Sales: Pending sales fell to three. This is below the 12 month average of five pendings.
– Scottsdale Homes Sold: After a record sales month in May, June sales were still very strong at eight.
– Sales Price to Listed Price: 94.9% – On average, buyers saw a discount off of list price of 5.1%

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

– Active Scottsdale Homes on the Market: Inventory was down a little over 11% compared to May.
– UCB Scottsdale Home Sales: UCB homes ended the month at 9. This was of the slowest months for this metric.
– Pending Scottsdale Home Sales: Pending sales still came in strong at thirteen.
– Scottsdale Homes Sold: An unbelievable 27 homes sold in June in this price point. This is the highest it has been by far in the past year.
– Sales Price to Listed Price: 94.6% – On average, buyers saw a discount off of list price of 5.4%.

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

– Active Scottsdale Homes on the Market: Homes for sale in this price point fell to 144.
– UCB Scottsdale Home Sales: UCB’s stayed in more or less the same place they have been for the past several months.
– Pending Scottsdale Home Sales: Pendings posted another strong month and closed out June at fourteen.
– Scottsdale Homes Sold: After a fantastic May, sales fell to twelve, which is a strong number for this price point.
– Sales Price to Listed Price: 88.7% – On average, buyers saw a discount off of list price of 11.3%.

Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: At the end of June, there were 109 homes for sale priced over $3 million.
– UCB Scottsdale Home Sales: UCBs ended the month at five, which is just ahead of the 12 month average.
– Pending Scottsdale Home Sales: Pending sales fell sharply from seven to three at the end of June.
– Scottsdale Homes Sold: After a record-breaking month in May, sales were down to eight in June. This was the second highest they have been in the past year.
– Sales Price to Listed Price: 94.9% – On average, buyers saw a discount off of list price of 5.1%.

May 2018 was one of the best sales months the luxury home market in Scottsdale has ever seen. And, although June showed the impact of seasonal slowdowns, it still posted some strong sales figures. Based on UCBs and pending activity, July should be a quieter month.

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.

Search Scottsdale Luxury Homes for Sale

Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2018 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 ©2018 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – June 2018

July 17, 2018 By Heather Tawes Nelson

– Luxury Condo Sales in Scottsdale and Phoenix – June 2018 –

Here are the sales results for the luxury condo market in Scottsdale and Phoenix for the month of June. For the purposes of this report, I am defining luxury condos as those on the market with asking prices of $1 million or more.

ACTIVE LISTINGS AT THE END OF JUNE

The number of units for sale fell again in June to end the month at forty-four. (Compared to fifty-eight for sale at the end of April.) Twenty-six of the units were located in and eighteen were located in Phoenix.

Both the lowest and highest priced units on the market were located in Scottsdale.

The most expensive condo for sale was priced at $2,999,999 and was located in the Plaza Lofts at Kierland community. This 4,059 square foot home had three bedrooms and three and one-half bathrooms.

The lowest priced condo was listed for $1 million and was located in Optima Camelview. This unit had two bedrooms, two and one-half bathrooms and 1,955 square feet.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Both condos that were UCB at the end of June were located in Scottsdale.

Scottsdale Waterfront Residences: This penthouse was the most expensive unit on the market for a couple of months and then went under contract. Three bedrooms, three and one-half bathrooms, 3,940 square feet. Listed for $3,495,000.
Landmark Scottsdale: Three bedrooms, three and one-half bathrooms, 2,497 square feet. Listed for $1,325,000.

*UCB status means a condo has an accepted contract, but that the seller has requested that they accept backup offers. Most times you will see this status when the contract is in the inspection/due diligence period.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

June ended with six luxury condos in pending status. All six of these units were in pending status at the end of May as well.

Pending Condos in Scottsdale

All five of these homes are in communities under development.

Optima Kierland: Three bedrooms, three bathrooms, 1,709 square feet. Listed for $1,075,000.
Main Street Place: Two bedrooms, two and one-half bathrooms, 2,419 square feet. Listed for $1,450,000.
ICON at Silverleaf:
- Three bedrooms, three and one-half bathrooms, 3,170 square feet. Listed for $2,174,000.
- Three bedrooms, three bathrooms, 3,170 square feet. Listed for $2,074,000.
- Three bedrooms, three bathrooms, 3,170 square feet. Listed for $2,074,000.

Pending Condos in Phoenix

Esplanade Place: Two bedrooms, three bathrooms, 3,000 square feet. Listed for $1,324,000.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Six luxury condos sold in June and they were evenly divided between Scottsdale and Phoenix.

Scottsdale Luxury Condo Sales

Envy Residences (Scottsdale): Two bedrooms, two and one-half bathrooms, 2,208 square feet. It had been listed for $1,275,000 and sold for $1,195,000.
Enclave at the Borgata (Scottsdale): Two bedrooms, two bathrooms, 2,238 square feet. It had been listed for $1,180,000 and sold for $1,050,000.
Scottsdale Waterfront Residences (Scottsdale): Two bedrooms, two and one-half bathrooms, 2,117 square feet. It had been listed for $1,808,000 and sold for $1,700,000.

Phoenix Luxury Condo Sales

2 Biltmore Estates (Phoenix): Three bedrooms, three and one-half bathrooms, 3,892 square feet. It had been listed for $1,969,000 and sold for $1,925,000.
Portland On the Park: Three bedrooms, three bathrooms, 2,486 square feet. It had been listed for $1,196,500 and sold for $1,196,000.
Portland On the Park: Three bedrooms, three bathrooms, 2,486 square feet. It had been listed for $1,386,500 and sold for $1,345,000.

Learn More About Phoenix and Scottsdale Luxury Condos

Search Phoenix and Scottsdale Luxury Condos for Sale

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 7/1/2018 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 © 2018 Heather Tawes Nelson | Joyce Tawes

Quick Video Update of the Scottsdale Real Estate Market – June 2018

July 10, 2018 By Heather Tawes Nelson

– June 2018 Scottsdale Housing Market Video –

June 2018 – Video

Here is a one-minute video overview of the Scottsdale, Arizona real estate market for the month of June.

Scottsdale Active Listings

We start off by looking at the number of homes on the market in June. This first image s a year-over-year perspective.

Home inventory was down 19% between June 2018 and June 2017.

This is also a look at the number of homes on the market, but it is now looking month-over-month.

The number of homes for sale fell 11% by end of June compared to the end of May.

Median List Price for Scottsdale Homes

If you are not familiar with the median list price, it simply indicates the exact midpoint of prices of homes for sale in Scottsdale. Half are priced lower, and half are priced higher.

The median list price of homes in June was $899,000. This is $100K higher than it was a the same time last year.

Days on Market

Days on Market (or DOM) indicates how quickly or slowly homes are selling in a given market. If the DOM is very high, it indicates the market is slow. If the DOM is low, the market is moving at a faster pace.

The DOM for Scottsdale homes in June came in at 92. This is 14% lower than June 2017.

Median Sales Price for Scottsdale Homes

Here is the median price again, but this time we are examining what homes sold for.

Scottsdale’s median sale price in June came in over $604K. This is above June 2017’s $565K as well as higher than May 2018’s $572,500.

Number of Homes Sold

This final section covers the number of homes that sold.

The top image is a year-over-year comparison. You can see that sales were up 4% between June 2017 and June 2018.

The lower image is a month-over-month comparison. Sales fell 7% between May and June. May was a stellar sales month for Scottsdale and June was very strong as well.

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

Disclaimer: Data deemed to be accurate, but is not guaranteed.

Scottsdale AZ Single Family Home Sales – June 2018

July 3, 2018 By Heather Tawes Nelson

– June 2018 Scottsdale Homes for Sale and Home Sales –

Here is a quick look at the Scottsdale real estate market during the month of June 2018. While there was not as much activity as May, June still turned in a solid performance.

SCOTTSDALE HOME SALES ACTIVITY – JUNE 2018

This report takes a look at four different items related to Scottsdale home sales:

– Single-family homes for sale – How many homes were for sale at the end of the month is shown with the orange line.*
– Under contract, but accepting backup offers (UCB) – How many homes were in UCB status at the end of the month is shown with the grey line.*
– Pending home sales – How many home sales that were pending the end of the month is shown on the yellow line.*
– Home Sales – How many homes sold is shown on the blue line.

JUNE 2018 RESULTS

Scottsdale Homes for Sale: Inventory fell a little over 8% from the previous month. This was due to strong sales and homes coming off of the market during the warm summer months.
UCB (Under contract, accepting backup offers): UCB homes saw a pretty large decline after several strong months during the high season.
Pending Homes Sales in Scottsdale: Pending sales also fell for the same reason. They closed out the month at 283.
Scottsdale Home Sales: We saw another month of strong home sales in June. There were 552 home sales, making June the second highest sales month in the past year.

The following chart covers two more items we track on a monthly basis for Scottsdale home sales.

The top section shows how each item is performing relative to the previous month’s activity. For instance, pending sales were down 14.5% when compared to May’s pending sales.

The bottom section is a metric called Sales Price to List Price. It measures what homes sold for compared to the prices they were on the market for. In June, it came in at 96.1%, so on average, home buyers saw a 3.9% discount off of asking prices.

June was a strong month for the Scottsdale housing market. However, we are seeing signs of the summer slowdown as UCB and pending sales both fell.

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

Search Scottsdale AZ Homes for Sale

Here is a sampling of some of the homes on the market, or click the link above to see all of the homes for sale.

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2018. 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 © 2018 Heather Tawes Nelson | Joyce Tawes

Scottsdale AZ Luxury Home Market – May 2018

June 23, 2018 By Heather Tawes Nelson

– Scottsdale AZ Luxury Home Market Performance for May 2018 –

Here are the most recent numbers for the Scottsdale luxury home market, which I am defining as homes with list prices of or above $1 million. I have broken this data into four different price bands as the various price points perform differently.

May was a fantastic sales month, with some of the price bands reporting the highest level of sales that I have seen since I started tracking this in September of 2007.

We are tracking the four components below:
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 homes were pending at the end of the month.
Sold – The number of home sales over the course of the month.

– MAY 2018 –

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

– Active Scottsdale Homes on the Market: Inventory was down again at the end of the month as homes sold and sellers removed their homes from the market for the summer months.
– UCB Scottsdale Home Sales: UCB activity continued to be strong, posting the second highest month in the past year.
– Pending Scottsdale Home Sales: Pending sales were also down slightly, but they were still strong.
– Scottsdale Homes Sold: May was a record-breaking month for this price point. An incredible 61 homes sold in May.
– Sales Price to Listed Price: 95.5% – On average, buyers saw a discount off of list price of 4.5%

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

– Active Scottsdale Homes on the Market: The number of homes for sale dropped almost 12% between April and May to 222.
– UCB Scottsdale Home Sales: UCB were fantastic at 20. This is well ahead of any month in the past year and is a 66.7% increase over the prior month.
– Pending Scottsdale Home Sales: May closed out with sixteen homes in pending status. This is the highest it has been over the past twelve months.
– Scottsdale Homes Sold: There were eleven home sales, which is lower than we have been seeing, but with strong UCB and pending inventory, this should go back up in June.
– Sales Price to Listed Price: 93.3% – On average, buyers saw a discount off of list price of 6.7%.

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

– Active Scottsdale Homes on the Market: Inventory fell to 170 by the end of May, putting it on par with the twelve-month average.
– UCB Scottsdale Home Sales: UCB’s stayed level in May at nine, which a solid figure.
– Pending Scottsdale Home Sales: Pending sales were down a little to fifteen. This is the third highest we have seen them in the past year.
– Scottsdale Homes Sold: An incredible nineteen homes sold in May, almost double of the twelve-month average.
– Sales Price to Listed Price: 92.4% – On average, buyers saw a discount off of list price of 7.6%.