“How long will it take to sell my house?”
I can count on this question in every listing appointment. And the short answer is, “Depends”.
Depends on:
- Where your house is located
- How you price it
- What kind of condition it’s in
- And a host of other external factors that buyers and sellers don’t have direct input into, like interest rates, tax incentives, consumer confidence, …..
Today, I’ve pulled some Altos Research housing data, to show you how long homes have been listed for sale in Scottsdale. In this first chart, for the whole of Scottsdale, you can see that number of days on the market peaked in July and has started a steady downward trend.
![clip_image001[15]](http://athomeinscottsdale.com/wp-content/uploads/2009/10/clip_image00115.gif "clip_image001[15]")
However, we all know that real estate is local, so I’ve done a quick comparison of the Median Days on Market for several Scottsdale zip codes.
First, from the southernmost part of the city, Scottsdale 85257, time to sell a house didn’t start decreasing until the September.
In Scottsdale 85258, where McCormick and Gainey Ranches are located, Days on Market matched the same pattern as the City of Scottsdale and started decreasing in July.
The same trend is true for Scottsdale zip code 85255, home to McDowell Mountain and DC Ranches, as well as Grayhawk.
However, moving northward toward Carefree and Cave Creek, you can see that the zip code 85266, home to many luxury homes and the community of Terravita, the number of days to sell a house still has not peaked.
When it comes times to sell your home, you will want to look a lot closer at statistics in your neighborhood. Some subdivisions sell much more quickly than others, so it’s imperative you have a good sense of what is going on close to home, as well as in the surrounding areas. Armed with current and relevant data, you and your agent can then price your house to sell, know just how long it might take.
Related Links – More Scottsdale Real Estate Statistics
To take a look at what is going on currently (as of the day your are reading this post), you can look at the following reports for the city of Scottsdale and then for each Scottsdale zip code:
Scottsdale Real Estate Statistics – Single Family Homes
- 85262 – North Scottsdale including Desert Mountain, north of Jomax and east of Pima Road
- 85266 – North Scottsdale including Terravita, north of Jomax and west of Pima (new zip code as of 7/1/2007)
- 85255 – North Scottsdale, including DC Ranch, Grayhawk, and McDowell Mountain Ranch
- 85260 – North Scottsdale, between Shea Boulevard and Bell Road
- 85254 – Scottsdale address, but located in City of Phoenix. North of Shea and South of the aqueduct.
- 85259 – North Scottsdale, mostly east of 104th Street and west of Fountain Hills
- 85258 – Central Scottsdale, including McCormick Ranch and Gainey Ranch
- 85250 – Central Scottsdale, between Chaparral and Indian Bend Roads
- 85251 – Downtown / South Scottsdale, between Chaparral and Thomas Roads
- 85257 – South Scottsdale, south of Thomas Road to the Tempe border
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