Looking at the 2021 Scottsdale housing market gives a glimpse into one of the most dynamic real estate markets in the entire state of Arizona. The variety of the city’s housing stock and the explosion of new builds and construction provide an exceptionally wide array of choices for home buyers. Scottsdale is a highly desirable place to live and raise a family. As a result, the city’s population growth speaks to its vibrancy and desirability both within the local market and nationally. Being a real estate agent in Scottsdale makes for one of the best and most exciting professions in the city.
Comparing 2021 Scottsdale Housing Market Statistics
Keller Williams Arizona Realty looks at a variety of sources to fully understand trends and directions in the real estate market. These sources include:
- ARMLS – Arizona Regional Multiple Listing Service
- City of Scottsdale
- Scottsdale Area Association of Realtors
By leveraging a number of resources, a truer and more accurate view of the 2021 Scottsdale housing market comes to light.
Keller Williams Arizona Realty Versus ARMLS
Home buyers and sellers can learn a lot about brokerages, markets, and performance by looking at actual market data. ARMLS data is readily available to members to help them better understand the market and their own brokerage performance. Examining 2021 data shows the following:
|Category||Keller Williams Arizona Realty||ARMLS|
|Average Days on Market||32||34|
|Sales to List Ratio||100.17%||99.92%|
|Average Sold Price||$615,118||$530,533|
*Based on information from ARMLS. 12/1/2021-12/31/2021
What Does This Mean for the 2021 Scottsdale Housing Market?
In general, the data from ARMLS shows the following about Keller Williams Arizona Realty versus the market in total:
- Homes listed through KWAZ sell faster than the market by an average of two days.
- Sellers receive prices higher than the list price for their homes sold through KWAZ.
- On average, sellers through KWAZ can expect their home to sell at prices about 16% higher than than the market average.
Does the Data Show Anything Different at Other Sources?
Looking at other sources, we can see similar patterns. For example, Realtor.com shows average days on market for Scottsdale by month.
Clearly, homes listed through KWAZ sell faster than the market average at both ARMLS and Realtor.com.
Scottsdale Area Association of Realtors
As for the Scottsdale Area Association of Realtors, data through November 2021 shows an average of 32.2 average days on the market for 11 months. This is closer to the average for KWAZ. However, the 2021 average sales price ranges from $831K to $968K. What accounts for the difference here? KWAZ real estate agents have listings and sales outside of Scottsdale, and prices vary by market. However, choosing to look at just the 2021 Scottsdale housing market slice of data shows comparable performance.
What You Should Do About the 2021 Scottsdale Housing Market
Home sellers should consider a wide range of factors when choosing where they should list their home. First, brokerages with proven success should be foremost on their minds. Second, they should consider the breadth of the brokerage’s capabilities. Keller Williams Arizona Realty is a franchise of Keller Williams, one of the most successful real estate organizations in the world. With an instantly recognizable name and powerful marketing and technology behind the scenes, Keller Williams Arizona Realty is at the top of the local market and continues to grow. This is what makes working at KWAZ such an exciting prospect.
Clients consider KWAZ to be the best Scottsdale real estate brokerage, and for good reason. Our success in the 2021 Scottsdale housing market proves that our approach works. We have a simple but power approach: Customers always come first. This is clearly stated in our beliefs, and is an integral part of our culture. We focus on fairness, consistency, customers, and success. No other brokerage has this level of commitment. We call our beliefs “WI4C2TES.” If you are a current real estate agent looking for the most successful Scottsdale real estate brokerage, contact us. You will learn how our commitment to customer success will increase your business.