Hello again. WLH here! We’re back with a Scottsdale real estate update. In recent months, we’ve informed you about the latest in Scottsdale communities, such as Silverleaf and Optima Kierland. Today, we look at year-over-year stats for the entire Scottsdale real estate market. Before we get started, we point to point out how much work we put into our content. Of course we use AI, but not like most others. At WLH, we have our own IN-HOUSE AI department. And we love having the ability to get granular as need be. Having said that, we hope you enjoy.
Let’s address the current status of active listings in Scottsdale.
Despite prevailing talks of a summer inventory increase, the actual decrease is part of an annual trend we’ve observed.
The inventory change needs a timestamp for clarity.
Contrary to the forecasted rise, the decrease in active listings is in line with our yearly observations around this time.
Interest rates are a pivotal aspect of the market.
Rates have indeed risen from the same period last year, but astute buyers are still locking in favorable rates.
The median price per square foot tells its own story.
After a brief downturn last year, the market is experiencing a steady climb back to its usual appreciation rates.
Understanding the supply levels can give us foresight into the market direction.
The current supply level indicates a seller’s market, though it does not suggest an overly competitive environment.
The time homes spend on the market can reveal much about buyer behavior.
The decrease in days on market from the previous year highlights a faster-moving market. With that said, inventory has been rising across ‘The Valley’.
Examining the market by price ranges offers tailored insights.
Each price bracket interacts differently with the market forces, presenting unique challenges. And opportunities!
Here’s a quick roundup of the essential points from our latest Scottsdale real estate analysis:
Our in-depth look provides clarity on the current market trends, emphasizing how each segment offers distinct opportunities and challenges
As we conclude, remember that Williams Luxury Homes is deeply embedded in the Scottsdale market. For us? Real estate is a passion. Every member of our boutique brokerage is HAND PICKED. We have a certain way of doing business, and we are selective with whom we bring on board. We
Eager to stay updated with Scottsdale real estate? Please keep checking back. Here on LUXE BLOG, we post an INCREDIBLE amount of helpful, relevant content. From AI-crunched stats to new listings and MUCH other good stuff, our content will empower you. Like we said earlier, real estate is our passion. And when you love something, it becomes your mission to help others. At least that’s how we see it. See you next time.