If you’re wondering how the Scottsdale housing market is performing this summer, you’re not alone. In this article, we’re taking a closer look at the numbers behind the headlines, focusing specifically on single-family home trends across North Scottsdale.
While activity tends to slow during the heat of summer, both buyers and sellers still have meaningful opportunities worth exploring. This means it’s not all doom and gloom for sellers. Properties are still selling, values have held, and certain price points remain competitive. However, buyers now have more leverage than they’ve had in recent seasons, making this an ideal window for well-informed house hunting.
According to the Cromford Report as of July 4th, Scottsdale’s overall market index is 92.6, reflecting a slight dip of 1% from last month’s reading of 93.6. While this signals a more balanced environment leaning toward buyer-friendly conditions, single-family homes in Scottsdale have still appreciated 4.3% over the past year.
Let’s take a closer look at how the North Scottsdale zip codes are performing when we focus solely on single-family detached homes:
85255 Market Snapshot
- Active Listings: 281
- Under Contract: 73
- Closed Since June 1st: 76
- Average Days on Market (DOM): 80
- Average Price per Square Foot: $602.09
- Highest Priced Sale: $25,000,000
85255 continues to be one of the most sought-after areas in North Scottsdale, with consistent buyer activity and a solid number of properties closing, even during the summer lull.
85266 Market Snapshot
- Active Listings: 138
- Under Contract: 19
- Closed Since June 1st: 30
- Average DOM: 83
- Average PPSF: $627.07
- Highest Priced Sale: $8,350,000
The 85266 zip code, with its larger lot sizes and custom homes, has seen a slower pace of activity but is holding value well. Fewer homes under contract means buyers have more negotiating room.
85262 Market Snapshot
- Active Listings: 251
- Under Contract: 55
- Closed Since June 1st: 36
- Average DOM: 118
- Average PPSF: $593.39
- Highest Priced Sale: $10,670,000
With a higher number of active listings and the longest average days on market, 85262 offers excellent opportunities for buyers looking for custom or luxury properties at potentially more favorable terms.
What This Means for You
If you’re a buyer, especially in the luxury or move-up market, the current conditions provide an excellent chance to secure a home with less competition and more flexible pricing. With more homes on the market and longer days on market, buyers now have increased negotiating power.
For sellers, pricing and presentation remain critical, but it’s important to remember that appreciation over the past year means you’re still in a strong position. This is especially true if your home shows well and is priced appropriately for today’s market.
As always, I’m here to help you navigate the numbers behind the headlines and make sense of what the market is really doing. Whether you’re considering a move this summer or want to plan ahead for fall, I’m happy to be a resource for honest insights and strategic guidance.
If you’re thinking about buying or selling in Scottsdale, let’s talk. I’d love the opportunity to earn your business and help you make your next move with confidence.
