North Scottsale 85262 85263 Real Estate Home Sales Trends 2013
North Scottsdale Homes Sales
North Scottsdale November Homes Real Estate sales were 58, down -24.7% from 77 in November of 2012 and 20.8% higher than the 48 sales last month. November 2013 sales were at a mid level compared to November of 2012 and 2011. November YTD sales of 812 are running -0.9% behind last year's year-to-date sales of 819.
North Scottsdale Homes Prices
The Median Sales Price in November of North Scottsdale Homes was $679,500, up 29.3% from $525,500 in November of 2012 and down -7.4% from $734,000 last month. The Average Sales Price in November was $745,389, up 1.2% from $736,602 in November of 2012 and down -33.9% from $1,127,533 last month. November 2013 ASP was at highest level compared to November of 2012 and 2011.
North Scottsdale Homes Inventory & MSI
The Total Inventory of North Scottsdale Homes available for sale as of November was 638, up 5.3% from 606 last month and up 11.5% from 572 in November of last year. November 2013 Inventory was at a mid range compared to November of 2012 and 2011.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2013 MSI of 11.0 months was at a mid range compared with November of 2012 and 2011.
North Scottsdale Homes Market Times
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for November was 95, down -13.6% from 110 days last month and up 2.2% from 93 days in November of last year. The November 2013 DOM was at a mid range compared with November of 2012 and 2011.
North Scottsdale Homes Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The November 2013 Selling Price per Square Foot of North Scottsdale Homes was $218 which was down -17.1% from $263 last month and up 4.3% from $209 in November of last year.
North Scottsdale Homes Selling Price vs Listing Price
The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The November 2013 Selling Price vs List Price of North Scottsdale Homes was 95.8% which was up from 95.7% last month and up from 95.4% in November of last year.
North Scottsdale Homes Inventory / New Listings / Sales
'This last view of the market combines monthly inventory of North Scottsdale Homes for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2013 was 122, down -34.1% from 185 last month and up 15.1% from 106 in November of last year.
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Based on information from Arizona Regional MLS, Inc. for the period 10/30/1999 through 11/30/2013. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
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