Happy May everyone! Can you believe we are already on the brink of summer? Summer in Scottsdale means scorching temperatures but as far as the real estate market goes activity is starting to cool down. New listings and new contracts in April were down when compared with March 2014, 5.2% and 5% respectively. The hot sellers’ market is slowly shifting and we anticipate the next few months to see less activity. The good news is that the median home price in Scottsdale has jumped from March and now sits at $415,000 (March was $385,000). Also, the number of closed sales has jumped 13.1% from March. What does this all mean? The lower inventory of listings and uptick of closed sales makes for an excellent sellers’ market, however the lower number of new contracts mean less closings in the coming months. During these up and down activity months it is more important than ever to consult a real estate professional that knows the Scottsdale market.
Considering a purchasing or selling a property in Scottsdale? Call Joe and Linda Szabo – The Scottsdale Real Estate Experts!
We hope that you enjoy reading and analyzing the Scottsdale Luxury Home Report and should you have any questions or comments, please feel free to Contact Joe Szabo at 480.688.2020 or email him directly at [email protected]. You can also visit https://scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results.