Scottsdale Residential Market Report

Scottsdale Residential Market Report – data for month of February

Homes priced from $500,000 to $1 million
Homes in this price range saw inventory rise slightly and a modest increase in sales from the prior month.

Homes priced 1 million to $1.5 million

Homes in this price range saw inventory remain flat with a slight increase in sales.

Homes priced $1.5 million to $2 million

Homes in this range saw inventory rise slightly and sales remained the same as prior month at 6 home sales.
Homes priced over $2 million

The upper end saw inventory post a modest gain and sales were actually up from prior month.
Clearly the lions share of home sales is in the under $1 million price range. However I have noticed a marked rise in interest in the high end as well, especially in the more exclusive communities. Several media sources are citing lower foreclosure notices and trustee sales with some increase in median prices.