North Scottsdale Real Estate Market Statistics & Analysis

The data presented in these Real Estate Market Statistics & Analysis pages provide a broad view of the market. Individual properties are unique.  Don’t let analysis paralysis keep you on the sidelines. Consult a Realtor who lives and works in the area. Contact Us

Click here for Overall North Scottsdale Real Estate Market.

Real Estate Market Statistics & Analysis by Area Map

Brief Explanation Of Market Analysis

Listing Status

This Doughnut Chart show the number of current active listings; listings currently under contract; and closed listings within the past 6 months. This gives you an idea of relative market velocity – the rate at which homes are coming to the market and being sold in a given period of time.

Price / Sq Ft

This Bar Chart shows the average Price Per Square Foot  for home(s) closing in each month.  High-priced or low-priced closings, and/or few closings can greatly affect the average Price Per Square Foot.

Number of Sales

This Bar Chart shows the number of home closings in each month. Seasonal changes are expected.

Sales Volume

This Bar Chart shows the total value of all home(s) closed in each month. High-priced or low-priced home closings, and/or few closings can greatly affect the monthly sales volume.

% Asking Price

This Bar Chart shows the average for the sales in each month, of sales price verse asking price (at closing) as a percentage.

Days On Market

This Bar Chart shows the average Days On Market (DOM) of all closings in each month. DOM comes from the MLS listing under which the home was sold. DOM for a listing is days the home was on the market before the listing status became the ‘Pending’  status. DOM from any previous listings/attempts to sell the home are not included.

Square Feet

This Bar Chart shows the average Square Feet of all closings in each month.  Very Large or small size home closings, and/or few closings can greatly affect the monthly average Square Feet.

Sale Price

This Bar Chart shows the average Sale Price of all home(s) closed in each month. High-priced or low-priced home closings, can greatly affect the monthly average Sale Price.

Months of Supply – TBD

Months of supply is the measure of how many months it would take for the current inventory of homes on the market to sell, given the current pace of home sales. For example, if there are 50 homes on the market and 10 homes selling each month, there is a 5 month supply of homes for sale. Months of supply is a good indicator of whether a particular real estate market is favoring buyers or sellers. Typically, a market that favors sellers has less than 6 months of supply, while more than 6 months of supply indicates an excess of homes for sale that favors buyers.

Home Sales By Type

This table breaks down the home closings for the past six (6) months by the Type Of Sale. Sale types include Lender-Owned properties; Short Sales (distressed sale); and all others closings are considered normal resales in this table. 

Quarterly Real Estate Summary

This table provides a snapshot summary of home sales for the past, and two previous quarters.

Six Month Real Estate Trends And Statistics

This table provides a summary of high, low, and average for home sales for the past six (6) months.

Note:

Summary above is based on information from the Arizona Regional Multiple Listing Service (ARMLS) where cooperating brokers share listing information. Excluded from the data above are home sales not found in ARMLS and sales by brokers who choose not to market their listing(s) on the internet. All information should be verified by the recipient.