South Scottsdale Real Estate Market Statistics: Week Ending 8/14/17

by Administrator 16. August 2017 10:22
Week Ending 8/14/17      
  85257 85251 85250
Median List Price $345,000 $469,450 $473,500
Price/Foot (Active) $207.00 $262.00 $230.00
Average Days on Market 64 110 86
% of Properties with Price Decrease 61% 51% 54%
% Relisted 6% 3% 8%
% Price Increase (Flip) 2% 2% 4%
Median House Size 1,689 1,986 2,223
Median Lot Size 4,500-6,500 8,000-10,000 6,500-8,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2.5 2
Market Action Index** 42.1 38.2 45.5
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Real Estate Markets Stats Week Ending 7/27/17

by Administrator 26. July 2017 05:47
Week Ending 7/24/17      
  85257 85251 85250
Median List Price $365,000 $467,450 $459,000
Price/Foot (Active) $208.00 $266.00 $229.00
Average Days on Market 64 102 99
% of Properties with Price Decrease 57% 47% 41%
% Relisted 5% 3% 12%
% Price Increase (Flip) 3% 4% 4%
Median House Size 1,729 1,940 2,194
Median Lot Size <4500 8,000-10,000 6,500-8,000
Medium Bedrooms 3 3 3
Medium Bathrooms 2 2 2
Market Action Index** 44.7 40.7 43.2
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Real Estate Market Stats: Week of July 3

by Administrator 5. July 2017 14:25
Week Ending 7/3/17      
  85257 85251 85250
Median List Price $365,000 $479,000 $440,000
Price/Foot (Active) $208.00 $273.00 $230.00
Average Days on Market 72 108 97
% of Properties with Price Decrease 57% 46% 49%
% Relisted 9% 5% 7%
% Price Increase (Flip) 5% 7% 5%
Median House Size 1,729 1,951 2,120
Median Lot Size <4500 8,000-10,000 4,500-6,500
Medium Bedrooms 3 3 3
Medium Bathrooms 2 2.5 2
Market Action Index** 41 41.1 41.3
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Real Estate Market Statistics Week June 26, 2017

by Administrator 28. June 2017 10:12
Week Ending 6/26/17      
  85257 85251 85250
Median List Price $369,900 $489,000 $475,000
Price/Foot (Active) $210.00 $270.00 $233.00
Average Days on Market 76 104 100
% of Properties with Price Decrease 60% 45% 45%
% Relisted 9% 6% 5%
% Price Increase (Flip) 6% 6% 5%
Median House Size 1,715 1,980 2,148
Median Lot Size <4500 8,000-10,000 8,000-10,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2.2 2
Market Action Index** 40.9 40 40.5
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Real Estate Market Statistics Week June 19, 2017

by Administrator 21. June 2017 09:03
Week Ending 6/19/17      
  85257 85251 85250
Median List Price $370,000 $489,000 $470,000
Price/Foot (Active) $210.00 $268.00 $236.00
Average Days on Market 74 98 96
% of Properties with Price Decrease 62% 46% 50%
% Relisted 9% 5% 3%
% Price Increase (Flip) 4% 8% 5%
Median House Size 1,732 1,974 2,124
Median Lot Size <4500 8,000-10,000 4,500-6,500
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2 2
Market Action Index** 40.7 39.6 39.9
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Real Estate Market Statistics Week June 12, 2017

by Administrator 14. June 2017 13:19
Week Ending 6/12/17      
  85257 85251 85250
Median List Price $368,800 $479,950 $450,000
Price/Foot (Active) $209.00 $252.00 $235.00
Average Days on Market 65 96 87
% of Properties with Price Decrease 57% 57% 44%
% Relisted 8% 5% 2%
% Price Increase (Flip) 4% 4% 5%
Median House Size 1,722 2,112 2,116
Median Lot Size <4500 8,000-10,000 8,000-10,000
Medium Bedrooms 3 4 3
Medium Bathrooms 2 2 2
Market Action Index** 41.2 39.4 40.1
       
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Homes Real Estate Stats Ending June 5, 2017

by Administrator 7. June 2017 17:26
Week Ending 6/5/17      
  85257 85251 85250
Median List Price $360,000 $504,995 $457,500
Price/Foot (Active) $210.00 $270.00 $236.00
Average Days on Market 63 99 94
% of Properties with Price Decrease 48% 58% 37%
% Relisted 7% 4% 4%
% Price Increase (Flip) 3% 7% 3%
Median House Size 1,676 2,043 2,023
Median Lot Size <4500 8,000-10,000 <4500
Medium Bedrooms 3.0 4.0 3.0
Medium Bathrooms 2.0 2.5 2.0
Market Action Index** 41.1 36.5 37.7
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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South Scottsdale Homes Real Estate Stats Ending May 29, 2017

by Administrator 31. May 2017 14:40
Week Ending 5/29/17      
  85257 85251 85250
Median List Price $349,900 $519,975 $480,000
Price/Foot (Active) $207.00 $270.00 $238.00
Average Days on Market 75 94 94
% of Properties with Price Decrease 56% 56% 35%
% Relisted 6% 4% 4%
% Price Increase (Flip) 2% 7% 3%
Median House Size 1,662 2,075 2,148
Median Lot Size <4500 8,000-10,000 8,000-10,000
Medium Bedrooms 3.0 4.0 3.0
Medium Bathrooms 2.0 2.5 2.0
Market Action Index** 40.8 36.6 38.0
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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Best Days and Time to Sell Your Home

by Administrator 23. May 2017 11:32

The best time to put a house on the market, specifically, is a Saturday in early May.

Homes listed between May 1 and May 15 sold nine days faster and for 0.8 percent more than any other time of the year, on average, according to a Zillow study that surveyed the best time to list in 25 different metro areas.

In general across the U.S., the beat day of the week to list is a Saturday, when homes get 20 percent more views, followed by a Friday, when properties receive 14 percent more views.

Of course, all real estate is local, so markets very. In Seattle, homes listed in the ideal window, May 1 to May 15 sold for 2.5 percent more, the highest average sales premium. In that market, the ideal day is a Thursday. The lowest premiums occur in New York/northern New Jersey and the Miami/Fort Lauderdale area, which only see a 0.7 percent bump.

Additionally, plenty of markets have slightly different ideal two-week time frames. Miami's ideal time is as early as March 1 to March 15, while San Francisco's is as late as May 16 to May 31, and several markets ideal times are also in April, including Washington, D.C., Atlanta and Baltimore.

 

BEST DATES TO LIST A HOME, BY METROPOLITAN AREA

Metro Area 

Ideal Time Frame to List Home

Days Sold Faster than Average

Average Sales Premium (%)

Average Sales Premium ($)

Ideal Days of the Week to List

United States

May 1-15

9

0.8%

$1,500

Saturday

Los Angeles-Long Beach-Anaheim, CA 

April 16-30

15

1.0%

$5,600

Friday

Dallas-Fort Worth, TX 

May 1-15

9

1.3%

$2,400

Saturday

Miami-Fort Lauderdale, FL 

March 1-15

8

0.7%

$1,500

Saturday

San Francisco, CA 

May 16-31

5.5

1.3%

$10,200

Friday

Riverside, CA 

April1-15

15

1.1%

$3,400

Friday

Phoenix, AZ 

April 16-30

14.5

0.8%

$1,700

Saturday

Seattle, WA 

May 1-15

15

2.5%

$9,300

Thursday

San Diego, CA 

April 1-15

13

1.3%

$6,200

Saturday

Denver, CO 

May 1-15

8

1.7%

$5,600

Friday

Portland, OR 

May 1-15

16.5

2.0%

$6,300

Friday

Sacramento, CA 

April 1-15

17.5

2.0%

$6,600

Saturday

San Jose, CA 

May 1-15

9

1.6%

$14,900

Wednesday

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South Scottsdale Homes Real Estate Stats Ending May 1, 2017

by Administrator 2. May 2017 08:04
Week Ending 5/1/17      
  85257 85251 85250
Median List Price $349,800 $529,974 $475,000
Price/Foot (Active) $206.00 $272.00 $236.00
Average Days on Market 68 90 105
% of Properties with Price Decrease 55% 47% 52%
% Relisted 8% 6% 3%
% Price Increase (Flip) 1% 7% 3%
Median House Size 1,682 1,938 2,300
Median Lot Size 6500-8000 6500-8000 8,000-10,000
Medium Bedrooms 3.0 3.0 3.0
Medium Bathrooms 2.0 2.5 2.0
Market Action Index** 38.9 36.1 34.6
       
** NOTE: The Market Action Index measures the current rate of sale versus the amount of inventory. An Index above 30 implies a Seller's Market and below favors Buyers.

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About the author

Alyssa Samuelson is a licensed Arizona Realtor practicing since March, 2004. She is also the Designated Broker of Success Real Estate Group and its subsidiary, Apartment Source. Her team consists of two licensed agents, a licensed assistant and one unlicensed assistant. Together the Success Real Estate Group team has over 20 years of residential real estate experience in the Valley area. In addition to regular continuing educational classes required by the state, she has pursued a number of Realtor Designations in order to stay ahead of the market. Included among these Designations are: Certified Residential Specialist (CRS), Accredited Buyer Representative (ABR), Certified Distressed Property Expert (CDPE), Graduate Realtor Institute (GRI) and Short Sales and Foreclosures Certification (SFR). She works with buyers and sellers in both distressed and non-distressed transactions as well as specializes in assisting Sellers with short sale services. Success Real Estate Group also provides Landlord Rental Listing services.

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