Scottsdale Real Estate Home Prices for May 2014
Real estate market data for Scottsdale, AZ 85254, provided by Jane E. Daley of Scottsdale Real Estate.
Scottsdale AZ Home Prices 85254
Scottsdale real estate home prices for May 2014 is shown in the graph below and explains the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers were willing to pay). By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
We have made home prices in Scottsdale 85254 area available so you can see what is currently available on the market today.
Market Inventory Trends
The number of active listings in Phoenix (85054) dropped by 2.1% from the previous month.
The median number of days active properties have been listed is 63. This is significantly shorter than the national average. The median listing price is $400,000. Median household income in 85054 is $67,388 with 257 households earning between $35,000 to $40,000 annually.
If you are interested in how much current inventory is on the market in Scottsdale by community you can find that information by clicking on the link. We still have low inventory but days on market has increase slightly. Currently in the area of Scottsdale real estate 85254, homes have a median time of 63 as compared to 59 days on the market previously. Sellers are placing their home at fair market value and are selling their homes fairly quickly.
Do not expect home prices to run up as fast as they did, the new lending laws will tend slow that process down as the banks are no longer giving a loan to anyone with a pulse. Having said that, the low inventory is one indicator that prices should continue to rise albeit at a much slower rate than years past.
Find Homes for Sale in Scottsdale AZ
Visit our website to search for homes in Scottsdale or to be notified when Scottsdale homes come on the market.
NOTE: Some sales are not immediately available from public records. As they become available, the data are updated.
Article: Scottsdale Real estate Home Prices for May 2014
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