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February 2016 Real Estate Stats Phoenix, AZ 85254

February 2016 saw a total of 72 home sales in the 85254 Zip code of Scottsdale.  As of this writing there are 294 active listings and 149 under contract within 85254, so the inventory levels are at 4.08 months worth of supply based on the February 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 ResortCrackerJax Family Fun Center, Orange Tree Resort, Excelling Paradise Valley Unified School District and 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 480-236-7374480-236-7374

Total February sales: 72
Average Price Per foot: $208.04

Sale price as a percentage of list price: 97%
Average sale price: $566,030
Average Days on market: 79


This breaks down by type as follows:

Single Family Detached Homes
Sales: 59
Average Price Per foot: $201.62
Sale price as a percentage of list price: 98%
Average sale price: $607,982
Average Days on market: 78


Condos and Townhomes:
Total sales :13
Average Price Per foot: $237.17
Sale price as a percentage of list price: 95%
Average sale price: $375,630
Average Days on market: 84

Prices for all properties ranged from $103,320 for a 1/1, 753 sq. ft. condo  to $4M for a  5/6.5, 7891 sq.ft. custom single family detached home . 


Adam Tarr PC
Citywide Real Estate
480-236-7374

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