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Scottsdale Market Report – March 2019

Here is a look at the real estate market report for the Scottsdale, AZ area.

Contents hide
1 Average Price for Homes and Condos Sold in Scottsdale by Month
2 Predictions for the Scottsdale Housing Market in 2019
3 Existing Scottsdale Home Sales
4 Average Days on Market for Scottsdale
5 Scottsdale Listing Statistics
6 Scottdale’s Average List Price to Close Price
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Average Price for Homes and Condos Sold in Scottsdale by Month

The average sale price for single-family homes and condos in Scottsdale in March 2019 is $606,258. In March 2018, the average sale price was $574,180, which shows a year over year increase of 5.6%.

Month-Year Average Sale Price
March-19 $606,258
February-19 $603,154
January-19 $600,397
December-18 $580,689
November-18 $580,099
October-18 $593,546
September-18 $568,114
August-18 $577,751
July-18 $547,587
June-18 $611,939
May-18 $610,141
April-18 $585,918

The average sale price for rental listings in Scottsdale in March 2019 was $2194, which is just slightly higher than March 2018, $2187. January 2019 average sale price for rentals was $2242, and February 2019 average rental sale price was $2307.

Predictions for the Scottsdale Housing Market in 2019

Scottsdale is located within Maricopa County, reported by US Census data to be one of the fastest growing counties in the US, with the highest number in the country for net growth. The annual population increase will continue to keep demand strong and supply low, which is good news for the Scottsdale homeowner concerned about rising home values. However, the market continues to be a challenge for the first-time home buyer, with fewer homes at the lower end of the market.

Existing Scottsdale Home Sales

In March 2019 768 single-family homes, condos and townhomes were sold in Scottsdale. Total properties sold in Scottsdale in March 2018 sold was 879.

Single Family Homes 455
Patio Homes 41
Condos/Townhomes 271
Lofts 1

Average Days on Market for Scottsdale

The average days on market for homes, condos and townhouses in Scottsdale for March 2019 is 96, which is down slightly from a year ago.


Days on Market is the average number of days sold listings were on the market.

Scottsdale Listing Statistics

The total number of new listings in Scottsdale in March 2019 was 1119, with a total of 3103 active, and 768 sold, showing our current inventory is just slightly higher than last March. Sales were slightly lower this time last year.

Month New Active Sold Months Of
Inventory
19-Mar 1119 3103 768 4.04
19-Feb 1009 3011 617 4.88
19-Jan 1244 2757 495 5.57
18-Dec 587 2610 558 4.68
18-Nov 862 2682 589 4.55
18-Oct 1033 2480 595 4.17
18-Sep 884 2299 552 4.16
18-Aug 863 2266 709 3.2
18-Jul 702 2331 756 3.08
18-Jun 909 2579 853 3.02
18-May 937 2815 960 2.93
18-Apr 1089 3004 871 3.45
18-Mar 1212 3027 879 3.44

Scottdale’s Average List Price to Close Price

The average original list price is 97% of the close price for homes in Scottsdale and the same for condos/townhomes.

Please visit the Cactus Valley Realty website for the National, Maricopa County, and the greater Phoenix Metro Area real estate market report .

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  • Scottsdale Market Report – April 2019

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