Scottsdale

Scottsdale Prices are Up, sort of

The Median Sales Price in Scottsdale was $590,000 in the first quarter this year, up 7.5% compared with the same quarter last year, and 26% over the last 4 years.

That being said, Q1 2019 is the only 1st quarter in the chart where prices aren’t higher than the previous quarter; the median sales price was flat from Q4 ‘18 to Q1 ‘19. Compare that to Q1 in 2016, 2017, and 2018, which were all higher than the preceding Q4.

We won’t know for a few months whether this cycle of price appreciation is slowing down, or if this is just a blip in the pattern.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

85262 in Scottsdale Tops $800,000

Taking a look at the Median Price by Zip Code in Scottsdale, and 3 things jumped out at me:

  • 85262 is EXPENSIVE, with a median sales price of $802,500 so far this year.

  • 85257 is the most affordable zip code in Scottsdale, yet this zip code’s median price of $335,000 is still higher than most of Maricopa County.

  • The change at the top end is significant. I pulled a similar chart last year which showed 85266, 85255, and 85262 all within a few thousand dollars of each other, hovering around the $700,000 mark. Today’s chart shows 85262 (Pinnacle Peak / Troon area) median price is $100,000 higher, while 85266 (North Scottsdale Road Corridor area) median has only increased by $30,000. Is this a sign of a future trend (and a potential investment opportunity), or is it a short-term blip based on looking at only 2 months’ worth of data? Time will tell…

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

2018 Median Sales Price for Select Cities

This chart is a recap of the last month’s charts, showing a comparison of the various cities’ median sales prices for 2018. It’s interesting to see the variance among the cities, yet notice that even with all the ups and downs, the difference between the lowest and highest is only $83,500*.

* Not included is Scottsdale, because the $570,000 median sales price there was so high it made the chart much less impactful by comparison.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Scottsdale Prices up 7.5% in 2018

Price appreciation in Scottsdale continued its upward trend in 2018, with a median sales price of $570,000, up 7.5% from the median price of $530,000 in 2017. The last 3 years have seen appreciation rates of 3.7%, 7.1%, and 7.5% Year over Year.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

2018 Sales Volume by City

The chart above is sorted by sales volume. Below, I’ve taken the same chart and sorted the cities alphabetically. You can decide which one works best for you.

AZ 190111 - all cities vol by city.jpg

Phoenix is far and away the leader of the Greater Phoenix Area, with 3-10 times (or more) the number of sales as most other suburbs. Mesa is the 2nd largest suburb, followed by Scottsdale, Gilbert, Chandler, and Glendale.

You’ll notice the East Valley cities typically have more volume than their West Valley counterparts, but there are also more West Valley cities dividing up the land. Overall the sales volume in the East and West Valley is fairly similar.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.