January 2017 Scottsdale Arizona real estate market update

Can you believe it’s already February? Let’s take a look at how the Scottsdale real estate market faired in January.  New listings are up 63.9% from December with a total of 1,111 new listings vs. 678.  The new listings in January were driven by homeowners waiting until after the holidays to list their home.  New contracts were up in January by 51.0%.  The median sale is up from $399,000 in December to $410,000 in January.  January closed with some motivating numbers – Sellers on the fence are strongly encouraged to take advantage of the low inventory and high demand! During these up and down activity months it is more important than ever to consult a real estate professional that knows the Paradise Valley market. If you’re considering to purchase or sell a property in Scottsdale we invite you to reach out to Joe and Linda Szabo with The Szabo Group – The Scottsdale Real Estate Experts! They and their team are more than happy to assist you with any of your real estate needs.     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.