Fall may be quickly approaching but with the triple digits still in the forecast it doesn’t feel like it will be cooling down any time soon. Fortunately activity in the Scottsdale real estate market is picking up! Let’s take a glance at how the Scottsdale real estate market faired in August. New listings are up from July with a total of 705 new listings vs. 687 in July. New contracts are also up slightly with 638 total. This is great news for the coming months as we will start to see an increase in closed sales. Current closed sales are also down this month, as expected, based on the previous month’s activity. The median sale price remained constant for the first time in several months, which is a nice change from the downward movement from the previous months. We are optimistic about the market improving as the weather cools down (hopefully!). 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.