Scottsdale Land

Scottsdale Land Market Highlights

As of Jul 10, 2025, the land market in Scottsdale indicates substantial stability amidst moderate fluctuations.

• Currently, active listings have increased slightly to 199, compared to 195 three months ago.
• The average days on market (DOM) are notably high at 276 days, reflecting a slower-paced sales environment.
• Meanwhile, sold prices are averaging $734,500, down from $807,375, resulting in a noticeable reduction in price competitiveness.
• Months of inventory have expanded to 19.1, signaling potential opportunities for buyers as supply exceeds demand.

An In-Depth Look at the Scottsdale Land Market

The land market in Scottsdale, as of Jul 10, 2025, reveals some interesting dynamics that reflect both current realities and historical trends within the market.

• Active listings have risen to 199, up from 195 just three months ago, indicating a gradual increase in supply that may create a more favorable landscape for buyers who are willing to navigate the complexities of the current market. Over the past six months, active listings have climbed significantly from 140, which highlights an upward trend in available options for prospective buyers.
• The DOM stands at an elevated 276 days, reflecting an ongoing trend of properties lingering longer on the market. This figure has fluctuated over the past year, with a notable rise from 352 days twelve months ago. The slow turnaround may indicate either a stabilization in price expectations or a hesitance from buyers to commit in the current economic climate.
• Examine the interplay of pricing within this environment; sold prices have decreased to an average of $734,500, down from $807,375 three months prior. This decline suggests that although listings are available, buyers are exercising caution, prompting sellers to adjust their expectations. Sold prices further illustrate the hesitance in the market, given that they were an average of $873,571 six months ago, showing a trend of declining final sale prices.
• Additionally, the average price per square foot for sold listings has seen a reduction, currently at $9, down from $13 three months ago. This further underscores the downward movement in buyer willingness to meet hopeful price points.
• The inventory levels have resulted in high months of inventory at 19.1, significantly above the typical seller's market threshold of four months. This figure has increased substantially from just 6.0 months last July, indicating a significant shift towards a buyer's market. With inventory at this level, prospective buyers are presented with the opportunity for negotiation and strategic offers on their preferred properties.
• Overall, Scottsdale's land market currently reflects a blend of lengthy DOM, rising inventory, and adjusting prices, opening pathways for well-advised buyers to find favorable opportunities while necessitating that sellers stay competitive to attract interest.