North Scottsdale Real Estate – February 2012 Homes for Sale Report

You can either watch the video or read the blog. The content is the same.

This report covers all of North Scottsdale Real Estate: included in the category are Single Family, Patio Homes, Townhomes and Condos in the following zip codes; 85258, 85259, 85268, 85260, 85255, 85262, 85266, 85377, 85331, 85050, 85054, and 85254. The total supply of North Scottsdale homes for sale is 2892 (2/12/12) – This is more than 20% below the measurement for a year ago.

Homes under contract is 1469: this number is slightly off from the numbers last year due to low supply for sale.

North Scottsdale homes for sale sold for January 2012 was 541, compared to 537 last year. Last year’s sales were the second best ever.

North Scottsdale real estate prices for the month were measured at $148.77/sf. This was 3.6% higher, defined as appreciation, than last year.

The Breakdown
Single Family Homes: we sold 405 in North Scottsdale Real Estate for an average of $151.77/sf

Townhomes and Condos: we sold 136 in North Scottsdale Homes for Sale for an average of $139.84/sf

North Scottsdale Foreclosures: 344 Homes for Sale. This is a 50% decrease in Foreclosures.

North Scottsdale Foreclosures under Contract – 825. Last year we had over 1000 under contract.

North Scottsdale Foreclosures sold in January was 212 vs 274 last year.

North Scottsdale Foreclosures price for Homes sold in January was $123.78 vs $122.75 for the same period last year.

This made it a clean sweep for appreciation in all categories measured. North Scottsdale Real Estate all neighborhoods price per sq. ft: single family and patio homes average price per sq. ft; townhomes and condos average price per sq. ft; North Scottsdale Foreclosures average price per sq. ft. All saw prices rises year over year.

All price indicators continue demonstration current and future appreciation as inventory remains very low and demand remains very high.

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