Scottsdale, AZ 85259 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's median sold price is $1,199,500, which serves as the primary indicator of realized market value and suggests recent transactions are centered near this level; this represents a relatively stable price point given available metrics.
2. There is a notable spread between $1,475,000 median listing price and the median sold price, which may indicate pricing friction and sellers setting higher expectations relative to recent transaction outcomes; pricing gap may require concessions in negotiations.
3. Market velocity is slower as evidenced by median days on market of 334, which points to extended marketing times and slower sales velocity that may increase buyer negotiating leverage.
4. Market context shows median price per square foot of $406 alongside a neutral market temperature and elevated interest rate pressure (current local 30‑year fixed rates ~6.63%), which together suggest steady per‑unit valuation but tempered buyer affordability and interest rate headwinds for price growth.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.