Scottsdale's luxury market remains one of the most dynamic in the country. Median prices in premium neighborhoods are holding steady while inventory loosens, which means buyers are finding real opportunities for the first time in years. Here's what the numbers say.
Key Numbers
- Median luxury price: $1.2M, up 3.2% year over year
- Average days on market: 42 days
- Months of inventory: 4.1, up from 2.8 last year
- Price per square foot: $475 in North Scottsdale
What This Means for Buyers
The inventory increase is good news. Buyers have more negotiating power than they've had in years, and sellers are more willing to consider terms, credits, and repairs. But the best properties, the ones with mountain views, prime locations, and modern finishes, still move quickly and often draw multiple offers.
The window between rising inventory and the next price surge is where smart buyers find their best deals.
My Advice
If you're considering a purchase in Scottsdale, get pre-qualified and start viewing properties now. The market is balanced enough to negotiate, but not so slow that the best homes sit around waiting. Reach out for a personalized buyer consultation.