State of the Scottsdale Luxury Home Market

With the housing market booming in recent months, it’s no wonder the Scottsdale luxury market is hotter than ever! A recent Market Update Report has produced various figures for luxury home sales in April. The statistics yielded for single family home sales are impressive, so let’s take a look:

 

  • The median sales price was $1.65 million, up by $124,000 since the previous year
  • The average days on the market decreased to 32 days, roughly 66% faster than the previous year
  • On average, luxury homes are selling for at least list price
  • 83% of all transactions were sales, making it quite the seller’s market

 

As you can see, the luxury market in Scottsdale is really thriving. If you’d like to buy or sell a luxury home in Scottsdale, or have any other questions, I’m here for you! Feel free to give me a call at 480-355-8645 and we can discuss the current market and what that means for you.

About the Author
Gina is an Associate Broker with RE/MAX Fine Properties and the Team Leader for The Gina McKinley Group. She is dedicated to selling homes in Arizona and passionate about providing the ultimate customer service experience through her expertise in the field.