Scottsdale Real Estate Report – October 20, 2008
by Dru Bloomfield on October 20, 2008
Here are the latest Altos Research real estate market updates for all Scottsdale zip codes. These freshly updated reports are in a one page executive summary format. If you’d like the more detailed report for your zip code that includes an overview for the whole of Scottsdale, please call or email me.
This week’s update:
85262 – Listing prices have been decreasing. Days on market is increasing. Inventory is decreasing.
85266 – Median list price steady. Days on market and number of homes available increasing.
85255 – Median list price and days to sell are holding steady. Inventory tightening.
85260 – Median list price steady. Days on market increasing. Inventory tightening.
85254 – List price trending down. Days on market and inventory are increasing.
85259 – Listing prices and days on market are holding steady. Number of homes on market is decreasing.
85258 – Listing prices are holding steady. Days on market up. Inventory down.
85250 – List prices trending upward. Days on market decreasing. Inventory tightening.
85251 – Listing prices trending upward. Days on market decreasing. Inventory decreasing.
85257 – List prices holding steady. Days on market increasing. Inventory decreasing.
Assessment: Northern Scottsdale, particularly in the 85259, 85260, 85255, and 85266 zip codes, are still experiencing a market that heavily favors buyers, while activity in southernmost Scottsdale (85257) is holding steady with the improvements we have seen over the past several months.
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