Homes $1,000,000.00 or more Sold in Scottsdale, Arizona Everyday on Average, for the last 45 Days…

Hi there, James M. Swartz here with another installment of information about the current market conditions in the Scottsdale real estate market. Yes the figures are in and the title is correct.  I just pulled all the closed sales in the city of Scottsdale since March 1st, 2009.  There were 356 closed sales from 03/01/2009 -04/16/2009.  The price range is from the lowest sale of $77,000.00, for a 3 bed 2 bath home with 736 sq ft, on .017 acres, to $5,700,000.00 for a 4bed 3 bath Custom with 8,985 sq ft on2.55 acres.  Now that is a wide range in sales price.

Now let’s go through the homes sales in the range between the high and low price.  There was actually 31 homes that sold in the $200,000.00 or less range, 73 homes that sold between $201,000.00-$300,000.00,  80 homes that sold between $303,00.00-$400,000.00, 51 homes between $401,000.00-$500,000.00, 25 homes between $505,000.00-$599,000.00, 17 homes between $610,000.00-$700,000.000, 13 homes between $705,000.00-$800,000.00, 12 homes between $825,000.00-$900,000.00, 8 homes between $940,000.00-$1,000,000.00, another 32 homes from $1,050,000.00-$1,950,000.00, 10 homes between $2,025,000.00-$3,000,000.00, 1 home at $3,500,000.00, and 1 at $4,150,000.00 and again the top at $5,700,000.00.

That is a pretty good spread of home prices.  The largest group of homes was 80, and they were in the price range between the 303K-400K.  There were 104 homes at 300K or less.  The most impressive figures I think are the homes that sold for 1 million or more.

There were 45 homes that sold for over 1 million dollars.  That is an average of one million dollar home sold a day for the last 45 days.  That is a figure that the news media should really get ahold of and start talking about.  I believe that if the media would start talking about  sales like those, in stead of the amount of foreclosures, we would start to see an economy that is getting better, rather than the doom and gloom that they are always talking about.

So let us continue with the rest of the current market conditions in the city of Scottsdale, Arizona.  Currently there are 1,396 homes on the market that are $1,000,000.00 or more with the most expensive listing being $15,900,000.00. There are 833 of those listings that are  between $1,000,000.00-$2,000,000.00.   There are 501 pending sales as I write, in the city of Scottsdale, and  the price range is between $110,000.00-$6,850,000.00.  There are 58 of those pending sales that are 1 million or more in price.

In conclusion, I feel that the real estate market in Scottsdale Arizona is alive and well.  I feel that in any city, anywhere in the world, when there is a home on average, that is one million dollars or more, that sells everyday, there are people out there that have the money to loan, people making enough money to buy, and homes being built to sell.  I hope that this information has been something for you to think about and to see that all is not doom and gloom.  Remember, if you are in the market for buying or selling a property, Az Realty Results is the company to use.  We can be found on the web at www.AzRealtyResults.com .

I hope you make it a fantastic day.

James M. Swartz