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July 2014 Real Estate stats for 85254 Scottsdale

July 2014 saw a total of 82 home sales in the 85254 Zip code of Scottsdale.  As of this writing there are 301 active listings and 118 under contract within 85254, so the inventory levels are at 3.67 months worth of supply based on the July 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 480-236-7374. 

Total June sales: 82
Average Price Per foot: $174.50
Sale price as a percentage of list price: 96%
Average sale price: $375,279
Average Days on market: 86
This breaks down by type as follows:

Single Family Detached Homes
Sales: 66
Average Price Per foot: $176.54
Sale price as a percentage of list price: 97%
Average sale price: $409,015
Average Days on market: 82


Condos and Townhomes:
Total sales :8
Average Price Per foot: $166.07
Sale price as a percentage of list price: 95%
Average sale price: $236,119
Average Days on market: 102

Prices for all properties ranged from $104K for a 1/1, 747 sq. ft. condo to $1.1M for a for a 4/4, 3723sq.ft. single family  home.  Single family properties saw a decrease in most indicators, while condos and townhomes saw a sharp jump in July.

Adam Tarr PC
Citywide Real Estate
480-236-7374

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