In the midst of Arizona’s peak home selling season, it’s no surprise that the Scottsdale luxury home market is still going strong! Figures for June’s luxury home sales are out and can be seen here. To summarize the report, here are some highlights on single-family luxury home sales for the month:
The median sales price of luxury homes was $1,665,000
For single-family luxury homes selling from about $1-4 depending on the size, this is on par with this year’s prices.
Home sales increased by 170% compared to the previous year
This one is huge! That makes nearly three times as many homes sold in the month of June compared to 2020. It was very much a seller’s market in June, and this trend is likely to continue.
76% of inventory was sold for the month
Out of the total 326 homes in inventory, 248 were sold in June alone.
Homes spent about 66% less time on the market compared to last June
This is an incredible transaction time compared to 2020! Where homes once lasted a total of around 97 days on the market, they averaged 32 last month.
If you’re simply curious about what’s on the market or want to find a new luxury home of your own, I’m here for you! Feel free to give me a call at at 480-355-8645 for any questions you have about the current market. In addition, you can also check out our current listings to find a home that’s right for you.