Scottsdale Real Estate Market Appreciation Data Market summary By Yvonne McFadden
PHOTOS FROM 123RF
S
cottsdale is a city in Arizona known for its spa resorts and golf courses. In June, the city had 2541 homes available for sale. In May 2022, 2142 homes were sold compared to 1325 in May 2021. The city has quite a significant number of homes sold out than other cities in the United States of America. The median price of homes was $964K in May 2022, while in May 2021, the median price of homes was $864k. There is a change in the market day as in May 2022, and homes stayed in the market for approximately 33 days, while last year, homes stayed for 29 days. The schools in Scottsdales are 125 in total, with 57 being elementary,40 being middle, and 28 high schools, which shows that the town does not have any schooling deficit. Scottsdale has a rating of 7 out of 10 schools by excellent schools. WWW.THEPINMAGAZINE.COM
Out of the 2541 homes that are currently available for sale, 323 are new homes,124 are open to being seen, and 622 homes have reduced prices. Scottsdale is a seller market since many people want to buy homes, while fewer houses are available for sale. It shows an imbalance between demand and supply, thus leading to increased home prices in the town. MARKET TRENDS AND STATISTICS In June 2022, there was an increase in a market trend whereby homes sold at an average of $975 from $964 last month. Also, homes were sold at an average of $875 last year. There are possibilities of Scottsdale experiencing increased prices in Q3 of 2022. There also has been noted l
39
