Scottsdale Residential Report- data for month of June
Homes priced from $400,000 to $999,999 saw a significant increase in homes sold from the prior month. However the bulk of these sales were from homes under contract 30- 60 days prior as we have entered the slower summer months and I expect sales to start reflecting that in the next month. Inventory actually increased from the prior month
Generally it is still a buyer’s market as buyers are only buying the best and brightest and all want a “good deal”.
Homes priced from $1 million to $1.5 million saw sales same as prior month with new listings actually slowing down and inventory decreasing a slight amount.
Homes priced from $1.5 million to $2 million saw a drop in sales, however inventory decreased.
Homes priced over $2 million saw sales remain same as the prior month and a drop in inventory. The high end has seen surprisingly brisk sales over the last 3 months.
The high end still has a high level of inventory and this is where the best deal can be made as the pressure on the high end has been steady for sometime with high carry costs.
Homes priced from $400,000 to $999,999 saw a significant increase in homes sold from the prior month. However the bulk of these sales were from homes under contract 30- 60 days prior as we have entered the slower summer months and I expect sales to start reflecting that in the next month. Inventory actually increased from the prior month
Generally it is still a buyer’s market as buyers are only buying the best and brightest and all want a “good deal”.
Homes priced from $1 million to $1.5 million saw sales same as prior month with new listings actually slowing down and inventory decreasing a slight amount.
Homes priced from $1.5 million to $2 million saw a drop in sales, however inventory decreased.
Homes priced over $2 million saw sales remain same as the prior month and a drop in inventory. The high end has seen surprisingly brisk sales over the last 3 months.
The high end still has a high level of inventory and this is where the best deal can be made as the pressure on the high end has been steady for sometime with high carry costs.
