Scottsdale, AZ had in increase in the number of listings in the last month along with the average sold price. Based on the price per square foot of active listings versus four months ago, sellers are starting to realize where the market is at and lowering their prices.
Scottsdale: 3,208 Active Inventory
| February 2010 |
January 2010 |
Last Quarter (Dec '09) |
|
| Active Listings |
3,208 |
3,022 |
4,240 |
| Pending |
482 |
446 |
264 |
| Sales |
292 |
324 |
195 |
| Active Price Per Square Foot |
$290 |
$296 |
$366 |
| Sold Price Per Square Foot |
$202 |
$188 |
$264 |
| Average Sold $ |
$638,758 |
$538,565 |
$747,567 |
| Average Sold Square Footage |
3,156 |
3,011 |
2,827 |
Based on information from Arizona MLS & Cromford Report from the first week of the month. Information deemed reliable but not guaranteed
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Andy Zeal is a Realtor® at HomeSmart International Real Estate in Scottsdale, Arizona and author of the real estate blog AZintheValley.
For additional information regarding the Arizona real estate market call 480-540-2291 or visit www.LuxuryintheValley.com
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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