Below are the Phoenix and Scottsdale real estate appreciation rates. This data is provided by the Cromford Report, the leading authority on residential market data. 
Phoenix Real Estate
- Annual Appreciation: -8.3% (Values are dropping/increasing at this rate.)
- Recent Appreciation Trend: -2.0% (The drop/increase in value is getting better or worse at this rate.)
- 4,625 Active Homes Listed For Sale: 47.87% Short Sales, 16.54% Foreclosures & 35.59% Normal Sale.
- 1,894 Homes Sold Monthly: 24.18% Short Sales, 47.94% Foreclosure, & 27.88% Normal Sale.
- Annual Appreciation: -5.0%
- Recent Appreciation Trend: -5.0%
- 1,979 Active Homes Listed For Sale: 25.42% Short Sales, 6.06% Foreclosures & 68.52% Normal Sale.
- 397 Average Homes Sold Monthly: 22.25% Short Sales, 25.53% Foreclosure, & 52.22% Normal Sale.
Paradise Valley Real Estate /Cave Creek/Fountain Hills
- Annual Appreciation: -12.6%, -2.0%, +
1.7% - Recent Appreciation Trend: -14.1%, +5.8%, -7.6%
Overall Market Data (Data from Maricopa, Pinal and Yavapai County)
- Annual Appreciation: -6.4%
- Annual Sales: +21.0%
- Active Listings: -39.0% (Inventory has decreased/increased at this rate.)
- Average Days On Market: 120 days
- Average Active Listing Price is $135.35/Sq.Ft. vs Sold Price of $82.28/Sq.Ft. (Price reductions of 39.21% are normally made before the home sells.)
Click to see more information about Scottsdale real estate trends. Call us to schedule an appointment to view any homes in Scottsdale.
Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com
Voted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2023. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.
