The Scottsdale real estate market in 85254 is on fire, offering sellers unprecedented opportunities and challenging buyers to act fast in a fiercely competitive environment. With median home prices at $1,050,000 and inventory shrinking to just 139 homes, the question isn’t whether the market is thriving—it’s how you can take advantage of it.
J. Todd Simpson & Charli - Russ Lyon Sotheby’s International Real Estate.
A Low Inventory Market Driving Strong Demand
In 85254, low inventory is fueling competition among buyers. Over the past 30 days:
Single-Family Homes: Of the 147 listed, 115 sold, with prices ranging from $306 to $746 per square foot.
Condos and Townhomes: 115 were listed, and 40 were sold in the same period, with prices ranging from $297/ft to $1,632/ft in Kierland.
With days on market as low as 35 for competitively priced homes, buyers are snapping up properties almost as fast as they’re listed.
What’s Driving the Market’s Strength?
Scottsdale’s 85254 remains in a “Slight Seller’s Advantage” zone and the fundamentals remain rock-solid:
High Demand Meets Low Supply: With fewer homes available, buyers must compete, often leading to quicker sales and strong offers for sellers.
Premium Price Per Square Foot: At $459/ft on average, Scottsdale homes are commanding impressive values.
Rental Appeal: A median rent of $4,805 underscores this area’s desirability for investors.
What Buyers and Sellers Should Know
For Sellers: Now is the time to list. Homes in 85254 are selling swiftly and at strong prices. The luxury market, with homes priced at $2M+, sees spacious properties with premium features selling for as high as $1,032/ft. Mid-tier homes, priced around $1.25M, are just as desirable, offering family-friendly layouts and strong demand. Even with Thanksgiving and Christmas just around the corner, a market where there is less than 41 days of active and available inventory - NOW may be the time to list before the Spring Rush of BUYERS and SELLERS.
For Buyers: With sold homes ranging from $306 to $746/Sq.ft. opportunities exist to find a home that fits your budget—but you need to act quickly. The most affordable homes are selling within days, while higher-end properties still are attracting multiple offers. Does this mean that you have to compete with other buyers- yes. However, the right Agent can help mitigate that competition and give you the buyers edge.
A Market Primed for Growth
The Scottsdale real estate market in 85254 isn’t just thriving—it’s setting the stage for future price appreciation. Low inventory and robust demand suggest that if you’re considering buying, waiting could cost you. Sellers, this is your moment to capitalize on the market’s strength before inventory levels rise or conditions shift.
Are you ready to seize the opportunity in Scottsdale's premier market? Whether you’re looking to buy, sell, or invest, now is the time to act.
85254 Summary of the Market Conditions:
Single Family Homes: 147 for sale /115 Pending or under contract - Less than a 30-day supply of inventory in this market.
Homes SOLD in last 30 days: Low End $297/ft High End $746/ft
~what does this mean for your? Take your homes sq footage of living space (2,000sf) multiply it by a number between the low and high end ($422) X (2,000)= $844,000 (+-) depending on condition, location, and upgrades.
Stay informed and make your move before this dynamic market changes - J Todd Simpson
J Todd Simpson
Russ Lyon Sotheby’s International Real Estate
(480)465-1504
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