There was a slight decline this month in the median of the home price of $375,000. This was only down 5.8 percent. However, the media sold price is up a whopping 11.9 percent from last June. This could be the result of fewer listings on the market. New listings are down 10.6 percent along with a decrease in new contracts which is at 14 percent for a total of 802 new transactions in June. The summer months tend to slow down, but we are still seeing great recovery progress from 2012. We anticipate a wonderful fall with all of the great activity we’ve seen this year so far.
Considering a purchasing or selling a property in Scottsdale? Take advantage of the great market conditions and get your home listed for sale before the snow birds and students return in the fall.
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.