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.