Luxury Real Estate Market – Scottsdale 2013

Let’s check out the luxury market. What’s going on in the luxury market is this;  Inventory is sitting right about at 6 months of inventory. There’s about 1200 homes priced over $1M. So we’re really going to be just talking about stuff that’s 7 digits and higher.

Last year in 2012 we sold 192 homes, so that’s going to put us in inventory right around 6 months. Now of course if you listened to me before the luxury market has about 1 or 1 1/2 months of homes that just are simply not priced to sell.

We’re finally starting to see prices finally peak above the last two year’s trend. I mean we were seeing prices between $250 a square foot to about $305 a square foot. But in December, and now in January we’re starting to see the trend peak up. It’s not coincidental we’re starting to see inventory trend down.

Now, if your talking about homes over $2M, it’s a little different. We’ve got about maybe 15 months of inventory. And we sold about 1/3 of the homes over $2M and it’s a little bit slower so there’s still some opportunity there if your looking for a deal. But as far as the $1M homes go I’m seeing them move in a week, if it’s a spectacular unit.

That’s the luxury market for you.

Tags:

Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Ready to talk? Call us today.

480-500-1738
  • #1 AZ Real Estate Team

  • Best REALTOR® In The Valley 2017

    - Nominee

    Finalists will be announced in October 2016

  • Top Ranked Real Estate Team

    - Phoenix Business Journal

    2015, 2016

  • Top 10 Buyer’s Agent

    - by Sales Volume

    Homes & Land Magazine 2015, 2016

  • Top 10 Producing Agent

    - by Sales Volume

    Homes & Land Magazine 2011, 2012, 2013, 2014, 2015

  • Top 1% of REALTORS®

    - in Maricopa County by Sales Volume

    Arizona Regional MLS 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016

  • Real Estate Agent of the Year

    - Finalist

    AZ Business Magazine – 2014

  • #1 Real Estate Team

    - in Arizona

    Ranking Arizona – 2014

  • #1 Agent by Sales Volume

    - in Arizona

    Realty One Group, North Scottsdale Office -2015, 2016 Realty One Group, Scottsdale Office - 2011, 2012, 2013, 2014 Realty One Group, National - April 2014

  • Gold Zone Award

    - in Arizona

    Realty One Group, National - 2014, 2015, 2016

  • Real Trends

    (National REALTOR® Rankings)

    Best Real Estate Agents in America 2014

See More
  • Date: 09/12/2018

    Source: Zillow

    First, what a lovely human being! I was very lucky to have found Janet before I left the east coast. We were in touch constantly - Read More

  • Date: 09/12/2018

    Source: Zillow

    Gina was on it from the minute I talked to her about what we were looking for. We were from out of town so she - Read More

  • Date: 09/12/2018

    Source: Zillow

    Alex is extremely knowledgeable, attentive, and a pleasure to work with! He is personable yet professional and puts your needs above his own. As an - Read More

  • Date: 09/07/2018

    Source: Zillow

    Gina was there for us from viewing different types of homes (condos, townhomes, and houses), writing our offer, and all the way through the final - Read More

  • Date: 09/05/2018

    Source: Zillow

    We had a nice experience working with Vicki and would highly recommend her. She provided excellent advice during our purchase of our home in Scottsdale. - Read More

See More