Scottsdale offers world-class amenities, for anyone who
lives or visits. There are top-rated school districts with a majority of them
obtaining “excelling” status, as well as many charter a private schools. State-of-the-art libraries are spread
throughout the city, including Arabian Library, Palomino Library, Mustang
Library, and Scottsdale Public Library. For those that love to shop, there are
a vast array of top-notch shopping areas, including Kierland, Scottsdale
Quarter, Scottsdale Fashion Square, Scottsdale Promenade and the future One
Scottsdale.
For ease with commuting in and out of Scottsdale, Scottsdale
Municipal Airport, one of the country’s busiest airports, is located in the
heart of North Scottsdale. Surrounding the airport, is the Scottsdale Airpark,
a business hub, home to hundreds of small and large businesses, that serve the
cities residents and tourists.
Scottsdale also offers popular tourist attractions,
including Taliesin West, a collection of buildings that has become a national
historical landmark, developed by famed architect, Frank Lloyd Wright. For
equine enthusiasts, as well as car buffs, Westworld is home to numerous horse
shows, as well as the annual Barrett
Jackson car auction.
Scottsdale is home to many public parks and recreation
areas, including a short distance to Saguaro Lake and Bartlett Lake.
Surrounding the Scottsdale area are the beautiful McDowell Mountains and
Pinnacle Peak.
Accessibility to most anywhere in the Valley is easily
performed by close access to the Loop 101 and SR 51 freeways.
Arts and entertainment abound, by visiting the Scottsdale
Center for the Performing Arts.
Scottsdale also offers top-rated hospitals and health care
facilities, including the Mayo Clinic and Mayo Hospital, and Scottsdale Health
Care system
Scottsdale, AZ – Real Estate Market Data – October 2012
Click here for full report – Scottsdale Market Data
Property Sales
October Property sales were 592, up 4.8% from 565 in October of 2011 and 6.1% higher than the 558 sales last month. October 2012 sales were at their highest level compared to October of 2011 and 2010. October YTD sales of 6,702 are running 0.2% ahead of last year’s year-to-date sales of 6,686.
Prices
The Median Sales Price in October was $320,000, up 8.5% from $295,000 in October of 2011 and up 1.6% from $315,000 last month. The Average Sales Price in October was $414,342, up 9.0% from $379,981 in October of 2011 and up 5.0% from $394,499 last month. October 2012 ASP was at the highest level compared to October of 2011 and 2010.
Inventory & MSI
The Total Inventory of Properties available for sale as of October was 2,547, up 10.5% from 2,305 last month and down 13.4% from 2,941 in October of last year. October 2012 Inventory was at its lowest level compared with October of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2012 MSI of 4.3 months was at its lowest level compared with October of 2011 and 2010.
Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for October was 56, down 18.8% from 69 days last month and down 31.7% from 82 days in October of last year. The October 2012 DOM was at its lowest level compared with October of 2011 and 2010.
To search for real estate throughout Arizona, go to www.AZmoves.com
Back to top
Back to top
Back to top
Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
