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August 2012 Home sales for 85254 in Scottsdale

August 2012 saw a total of 101 home sales in the 85254 Zip code of Scottsdale.  As of this writing there are  153 active listings and 166 under contract within 85254, so the inventory levels have dropped to just 1.56 months worth of supply based on the August sales.  85254 encompasses an area roughly bounded by Shea Blvd on the south,Tatum Blvd on the west, Bell Rd and the CAP canal on the north and Scottsdale Road on the East in Scottsdale and NE Phoenix.   Some of the main attractions and destinations in 85254 include Kierland Commons, Westin Kierland Resort, CrackerJax Family Fun Center, Orange Tree Resort, Excelling Paradise Valley Unified School District adn Scottsdale School District schools and much more.  85254 has long been called the "magic zip code" in the real estate business for it's desirability.  For more information on the area as well as available homes, please  call me at 480-236-7374.

Total August sales: 98
Average Price Per foot: $150.36
Sale price as a percentage of list price: 99%
Average sale price: $331.280
Average Days on market: 56

This breaks down by type as follows:

Single Family Detached Homes
Sale: 88
Average Price Per foot: $144.33
Sale price as a percentage of list price: 99%
Average sale price: $331,278
Average Days on market: 54

Condos and Townhomes:
Total sales : 10
Average Price Per foot: $203.41
Sale price as a percentage of list price: 98%
Average sale price: $331,300
Average Days on market: 74

Prices for all properties ranged from $85K for a 1/1 condo to $1.225M for a for a condo at Kierland.

Adam Tarr PC
Citywide Real Estate
480-236-7374

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