Happy February! With January and the colder weather behind us the Valley is starting to heat up and so is the real estate market. Let’s take a look at how the Scottsdale real estate market faired in January. New listings are up a whopping 106% from December with a total of 1,250 new listings vs. 605 in December. New contracts were also up from December by 32.9% however closed sales dropped 25.9% from the previous month, 464 in January vs. 626 in December. The median sale is up slightly from $360,000 in December to $385,000 in January. January closed with a tremendous spike in new listings and new contracts – buyers on the fence are strongly encouraged to take advantage of the current low interest rates and loads of inventory! 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 Joe@ScottsdaleRealEstateTeam.com. You can also visit https://www.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.