Scottsdale Housing Market: Prices | Trends | Forecasts 2022
According to NeighborhoodScout's data, Scottsdale appreciation rates were 11.80 percent in the most recent quarter, which equates to an annual appreciation rate of 56.21%. Is Scottsdale going to be one of the hottest real estate markets for investors in 2022 & 2023? Let's take a look at the latest Scottsdale housing market trends. In May 2022, Scottsdale home prices were up 20.7% compared to last year, selling for a median price of $845K. On average, homes in Scottsdale sell after 24 days on the market compared to 28 days last year. How Much Are Sellers Asking For To Sell a House in Scottsdale? Scottsdale is a seller's market, which means that there are more buyers than available homes. Scottsdale Real Estate Market Forecast 2022-2023 Let us look at the price trends recorded by Scottsdale over the past few years. Scottsdale's Job Market Scottsdale is also an emerging tech market, with companies GoDaddy, Yelp, Paypal, Indeed.com, and Paradigm Tech all opening offices downtown. Scottsdale's Tourist Market Scottsdale is famous among locals for its Fashion Square Mall. The Diverse Scottsdale Rental Market The Scottsdale housing market has a more diverse rental market than just catering to those who can't afford to buy a single-family home.