Scottsdale Real Estate Market Update - #5

20JulyMarket Update, Real Estate, Scottsdale

This update comes via data in the new FlexMLS system, which is due to be released on July 28, 2008.  Until FlexMLS goes live, the data is being updated once a day with the data that is in Tempo.  Some data discrepancies may exist, but in spot checking, it seems more than accurate enough for the reporting on this blog.

Currently, Scottsdale has 3915 homes for sale, down by 15; 335 home sales are pending, down by 4; and 301 homes were sold in the last 30 days, down by 5. This results in 13.0 months of supply. As well, Scottsdale has 1785 condos for sale, up by 101; 150 condo sales are pending, down by 4; and 134 condos were sold in the last 30 days, up by 6, resulting in 13.3 months of supply. The following is a breakdown of single family homes statistics for the 6 price categories I’ve selected for Scottsdale:

Price Homes for Sale Sales Pending Sold
$0-$300,000 217 red-up-arrow 4 54 green-up-arrow 4 40 green-up-arrow 1
$300,001 - $500,000 728 red-up-arrow 8 108green-up-arrow 1 100 red-down-arrow 1
$500,001 - $750,000 879 green-down-arrow 20 71 red-down-arrow 7 79 red-down-arrow 2
$750,001 - $1,000,000 632 green-down-arrow 3 31 red-down-arrow 3 40 green-up-arrow 4
$1,000,001 - $2,000,000 837 green-down-arrow 1 56 green-up-arrow 2 33 red-down-arrow 6
$2,000,001+ 622 green-down-arrow 3 15 red-down-arrow 1 9 red-down-arrow 1

*Notes: All data via ARMLS, and is deemed reliable, but is not guaranteed. All sold properties were sold in the last 30 days. The following trend indicators are relative to the previous week’s update:

green-up-arrow Positive move upward green-down-arrow Positive move downward

red-down-arrow Negative move downward red-up-arrow Negative move upward

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Filed under: Market Update, Real Estate, Scottsdale

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