🌟🏡 Discover the dynamic balance of Scottsdale's luxury real estate! In March 2024, homes sold for an impressive 96.98% of list price with a healthy 20% Sales Ratio. Dive into our April Market Report for more insights! 📈

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Jeremy Poehls - 480-MANSION (480.626.7466)
Real Broker LLC
[email protected]
www.mansionarizona.com

🌵 Welcome to our April Luxury Market Report, featuring the latest updates from Scottsdale, Arizona's affluent real estate scene. I'm Jeremy Poehls, your guide to navigating these opulent waters. This March, Scottsdale maintained a balanced market with a strong sales ratio of 20%. A total of 1020 properties were listed, and 202 found their new owners. The most active price band ranged between $1.7 to $1.9 million, marking 25 sales, while the highest inventory was noted in the luxury tier of $4.5 million and above, with 170 properties available.

📊 The market has shown significant growth with the median sales price climbing to $1.8 million, a notable 14% increase from last year’s $1.58 million. Despite a 1% dip in total sales, the inventory surged by 34% compared to last year, pointing to more choices for potential buyers. Days on Market slightly increased to 53 days, from 51 last March, reflecting a slight slowdown in buyer decision-making. This steady rise in inventory since last August marks a significant shift from the long-standing seller's market to a more balanced scenario.

🔔 Scottsdale's luxury market is adjusting to its new equilibrium, offering both challenges and opportunities. Stay tuned and subscribe to catch the latest trends and our exclusive Luxury Home Tours. Hit the bell icon to never miss an update from this vibrant market! 🏠🌟