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February 2020 Scottsdale AZ Housing Market Update

📈 February 2020 Scottsdale AZ Real Estate Housing Market Trends Report, Statistics and House Value

Here are February 2020 Scottsdale AZ housing market trends report for single family detached home and statistics. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Scottsdale AZ provided by the FlexMLS system.

February 2020 Scottsdale AZ Real Estate Housing Market Update Highlight:
  • New listings in February 2020 had decreased about 10.3% from a year ago
  • February 2020 Average Sold Price for Single Family Home in Scottsdale is $902,587 and had increased about 15.6% from February 2019
  • Median Sold Price in February 2020 is $685,000, which had increased 17.1% from a year ago
  • Almost all of single family home sold in Scottsdale in February 2020 are regular sales.
  • Most expansive home in Scottsdale sold in February 2020 is sold for $8,000,000

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February 2020 Scottsdale AZ Housing Closed Sales Report Analysis

We saw about 21.8% increased in the number of Single Family Homes sold in February 2020 compared to a year ago. The statistics show that we had 452 single family homes sold in February 2020 in Scottsdale AZ compared to 371 in February 2019.

In February 2020, we saw 93 days on Market (DOM), compare to 112 a year ago. It took average 93 days to get your Scottsdale single home sold in February 2020.

February 2020 Scottsdale Median Sold Price for Single Family Homes

February 2020 median sold price for single family home was $685,000. Compare to a year ago, February 2019 median sold price was $585,000. The median sold price for single family home in Scottsdale has increased about 17.1% from a year ago.

February 2020 Scottsdale Median Sold Price was $685,000
Click here to view Homes for Sale in Scottsdale AZ Under $675,000

Scottsdale AZ February 2020 Average Sold Price Analysis

February 2020 Average Sold Price for single family homes in Scottsdale AZ is $902,587. Compare to last year February average sold price $780,621, the average sold price has appreciate about 15.6% from a year ago.

There are 118 million dollars homes sold in Scottsdale in February 2020.

February 2020 Scottsdale Average Sold Price was $902,587
Click here to view Homes for Sale in Scottsdale AZ Under $900,000

February 2020 Scottsdale AZ Average Sold Price Per Square Feet

The average sold price per square feet in February 2020 in Scottsdale is $281 per square feet.

February 2020 Average Price Per Square Feet was $281
Click here to view Homes for Sale Under $250 Per Square Feet Scottsdale AZ

Based on statistics on both of Median Sold Price and Average Sold Price, Buyers are paying more for a Single Family Homes in Scottsdale AZ compare to a year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Did You Know?
A 1% increase in interest rates, can reduce buying power almost to 10%!! Read How rising interest rates will impact housing affordability?

Wondering how much house you can afford?

Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.


Selling Your Home in Scottsdale AZ

Contact or call Swee Ng at 480.721.6253 today to discuss your potential Scottsdale AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

What My Home in Scottsdale is Worth Today?

New Listing in Last 24 hour Scottsdale AZ

Homes for Sale Scottsdale AZ
Homes for Sale Under $200,000Homes for Sale $600,000 - $700,000
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Homes for Sale $400,000 - $500,000Homes for Sale $900,000 - $1,000,000
Homes for Sale $500,000 - $600,000Homes for Sale Over $1,000,000
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Swee Ng, Realtor specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.If you are looking to buy or sell your home in Scottsdale AZ area, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation. I hope that you will put my experience, knowledge, service and professionalism to work for you.

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Summary
Article Name
February 2020 Scottsdale AZ Housing Market Update
Description
February 2020 Scottsdale AZ Housing Market Update, Statistics and House Value. Average Sold Price for Single Family Home in Scottsdale is $902,587 and had increased about 15.6% from February 2019.
Author
Publisher Name
Swee Ng Realtor® with HomeSmart
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