Scottsdale AZ Real Estate Market Sales Activity - Includes Short Sales and Foreclosures
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Using data from the Arizona Regional MLS (ARMLS), I pulled together a series of charts to show sales activity for Scottsdale AZ real estate for the first three quarters of 2009.
I looked at all of the Scottsdale single-family resale activity and then broke the information into three classifications:
- Non-Distressed Sales - These are your traditional, "regular" home sales.
- Short Sales - These are where the homeowner is trying to sell the home for less than is owed with the lender's approval.
- Foreclosures - These are homes the lender has foreclosed upon and now owns. You will see them referenced as "Lender-Owned".
The information varies quarter over quarter, but the trends remain more or less the same. Traditional sales make up the majority of the homes on the market, but they represent about only half of the home sales. Foreclosures (or Lender-Owned homes) are less than 10% of the homes on the market, yet they represent almost a third of the sales. Short Sales are pretty even in terms of percentage of homes on the market and percentage of sales.
Below you will see Scottsdale AZ real estate performance broken out by quarter for the year 2009. The final chart is a summary of the first three quarters of 2009.
| Scottsdale Single-Family Resale Performance - Q1 2009 |
| Property Type | Active Listings | % of Total | Pending Sales | % of Total | Homes Sold | % of Total |
| Non-Distressed | 3,177 | 81% | 189 | 48% | 296 | 49% |
| Short Sales | 497 | 13% | 86 | 22% | 93 | 15% |
| Lender-Owned | 264 | 7% | 117 | 30% | 219 | 36% |
| TOTAL | 3,938 | 100% | 392 | 100% | 608 | 100% |
| | | | | | | |
| Property Type | Avg. Sold Price | Avg. Sq Feet (Sold) | Avg. Price per Sq. Ft. (Sold) | Cumulative Days on Market (Sold) | List Price to Sales Price | |
| Non-Distressed | $822,219 | 3,167 | $225.75 | 187 | 89% | |
| Short Sales | $494,776 | 3,037 | $157.22 | 209 | 94% | |
| Lender-Owned | $372,289 | 2,500 | $141.83 | 132 | 94% | |
| TOTAL | $611,022 | 2,907 | $185.37 | 170 | 91% | |
| * ARMLS data pulled 4/1/2009 | | | | | |
| Scottsdale Single-Family Resale Performance - Q2 2009 |
| Property Type | Active Listings | % of Total | Pending Sales | % of Total | Homes Sold | % of Total |
| Non-Distressed | 2,324 | 80% | 281 | 49% | 583 | 53% |
| Short Sales | 406 | 14% | 145 | 25% | 180 | 17% |
| Lender-Owned | 176 | 6% | 150 | 26% | 327 | 30% |
| TOTAL | 2,906 | 100% | 576 | 100% | 1090 | 100% |
| | | | | | | |
| Property Type | Avg. Sold Price | Avg. Sq Feet (Sold) | Avg. Price per Sq. Ft. (Sold) | Cumulative Days on Market (Sold) | List Price to Sales Price | |
| Non-Distressed | $653,108 | 2,909 | $201.95 | 172 | 91% | |
| Short Sales | $474,923 | 2,915 | $154.10 | 205 | 93% | |
| Lender-Owned | $383,931 | 2,698 | $139.17 | 138 | 95% | |
| TOTAL | $611,022 | 2,907 | $185.37 | 170 | 91% | |
| * ARMLS data pulled 7/1/2009 | | | | | |
| Scottsdale Single-Family Resale Performance - Q3 2009 |
| Property Type | Active Listings | % of Total | Pending Sales | % of Total | Homes Sold | % of Total |
| Non-Distressed | 2,207 | 78% | 237 | 45% | 561 | 52% |
| Short Sales | 431 | 15% | 171 | 33% | 187 | 17% |
| Lender-Owned | 194 | 7% | 114 | 22% | 337 | 31% |
| TOTAL | 2,832 | 100% | 522 | 100% | 1085 | 100% |
| | | | | | | |
| Property Type | Avg. Sold Price | Avg. Sq Feet (Sold) | Avg. Price per Sq. Ft. (Sold) | Cumulative Days on Market (Sold) | List Price to Sales Price | |
| Non-Distressed | $588,482 | 2,899 | $189.62 | 167 | 91% | |
| Short Sales | $489,810 | 3,073 | $154.24 | 244 | 88% | |
| Lender-Owned | $412,195 | 2,830 | $140.04 | 112 | 96% | |
| TOTAL | $518,313 | 2,911 | $168.46 | 163 | 95% | |
| * ARMLS data pulled 10/1/09 | | | | | |
| Scottsdale Single-Family Resale Performance - Q1 Through Q3 2009 |
| Property Type | Active Listings | % of Total | Pending Sales | % of Total | Homes Sold | % of Total |
| Non-Distressed | 2,207 | 78% | 237 | 45% | 1442 | 52% |
| Short Sales | 431 | 15% | 171 | 33% | 445 | 16% |
| Lender-Owned | 194 | 7% | 114 | 22% | 887 | 32% |
| TOTAL | 2,832 | 100% | 522 | 100% | 2774 | 100% |
| | | | | | | |
| Property Type | Avg. Sold Price | Avg. Sq Feet (Sold) | Avg. Price per Sq. Ft. (Sold) | Cumulative Days on Market (Sold) | List Price to Sales Price | |
| Non-Distressed | $663,032 | 2,961 | $202.19 | 174 | 91% | |
| Short Sales | $482,592 | 2,990 | $154.50 | 224 | 91% | |
| Lender-Owned | $391,025 | 2,695 | $139.99 | 126 | 95% | |
| TOTAL | $548,017 | 2,881 | $174.91 | 167 | 92% | |
* ARMLS data pulled 10/1/09 | | | | | |
Disclaimer: Information herein deemed reliable but not guaranteed. Data was pulled from the Arizona Regional MLS (ARMLS) and can change at any time. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2009 Heather Tawes Nelson