Scottsdale, AZ 85262 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

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 $1,519,000, which should be treated as the primary indicator of realized market value and recent transaction activity; this level, when compared to asking expectations, appears to require sellers to be responsive to closing offers to avoid longer listing durations.
2. There is a meaningful listing-to-sale gap with the median listing price at $1,625,000, suggesting seller expectations are higher than recent transaction levels and may create pricing friction that slows deal execution.
3. Market velocity is slow: the median days on market is 109, which points to slower sales velocity and gives buyers increased negotiating leverage while sellers may need to adjust terms or pricing to accelerate transactions.
4. Price momentum and financing headwinds are negative: the price year-over-year trend is down (down), the market temperature is cold, rent growth is muted with the rent year-over-year trend flat, and interest rate pressure is elevated with typical local 30-year rates averaging 6.88%—a combination that supports conservative pricing and may prolong marketing times.

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.