The present housing market in Scottsdale is down with high active listings and low sales volume. The median home price in Scottsdale currently stands at $385,000. With 7.4 months of supply, Scottsdale's inventory levels remain relatively tight. Sales volume is down 39% compared to seasonal expectations. A significant 35.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 9.6% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Scottsdale market with the affordability index at 21.3. Based on current market indicators, home prices in Scottsdale are projected to increase by approximately 82.0% over the next month.
Scottsdale, AZ has a total population of 301,724 residents. The area is predominantly White (73.1%), with Asian residents representing 3.9%. The area shows moderate demographic diversity. As a large population center, Scottsdale, AZ offers diverse community resources and amenities.
Crime analysis for Scottsdale, AZ shows 11,892 total incidents across all categories. The most prevalent crime type is Property Crime (63.8% of all incidents). This is followed by Others at 18.2%. The overall crime rate in Scottsdale, AZ is relatively high, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.
Market predictions for Scottsdale, AZ show an upward trend in home prices, with values increasing by 10.6%. This represents a significant price movement in the market. The current median home price in Scottsdale, AZ is approximately $774,793.102. Based on current trends, home prices in Scottsdale, AZ are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Scottsdale, AZ features 8 investment hotspots with varying levels of activity. With an average nightly rate of $173, the market offers mid-range pricing opportunities. Guest satisfaction is good with an average rating of 4.1/5. With an average hotspot score of 0.77, these areas show good investment opportunities. With 75 hotels, the area has a moderate level of accommodation options.
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