632 luxury homes are under contract across Scottsdale, Paradise Valley, and Phoenix.
Despite mortgage rates above 6.5%, buyer demand remains steady and luxury values continue to hold up well.
The market has become more balanced, but well-positioned homes are still attracting.
One of the biggest mistakes sellers are making right now:
Pricing based on yesterday’s market instead of today’s market.
Today’s buyers are informed, patient, and highly value-conscious.
Phoenix inventory is approaching 20,000 active listings.
More inventory = more buyer choice.
Homes that are priced correctly and presented well are still selling.
The market hasn't stopped moving. Buyers are simply becoming more selective.
#ScottsdaleRealEstate#PhoenixHomes
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Luxury buyer activity remained strong in May.
📈 Pending sales: +27% YoY
🏡 Closed sales: +15.5% YoY
📉 Active inventory: -9.5% YoY
Read the full May Luxury Market Report:
https://t.co/KMYp3cn5ER
Days on market in Scottsdale luxury real estate is becoming less about demand and more about strategy.
Turnkey + correctly priced = strong activity.
Overpriced or dated = sitting.
"Open House This Weekend"
18545 N 96th Way, Scottsdale
Saturday & Sunday | 11 AM–2 PM
Windgate Ranch luxury living featuring sweeping McDowell Mountain views, heated pool & spa, putting green, Control4 automation, loft bar, bonus room, and seamless indoor-outdoor living.
$2.89M
@DDuggan21 Defend your honor and right: "I visited the president and feel no shame or regret. I am not responsible for others feelings of being offended" 🎤 - Drop
Luxury inventory remains elevated across Scottsdale, Paradise Valley & Phoenix.
What's interesting?
Luxury sales are still running ahead of last year.
Buyers haven't disappeared—they're simply more selective and negotiating more carefully.
Pricing and presentation are crucial
The Scottsdale/Phoenix market continues to normalize.
Buyers have more options today, and many homes are taking ~55–60 days to sell depending on area and price point.
The homes still moving quickly, yet today's buyers are much more selective.
#ScottsdaleRealEstate
One big difference between Paradise Valley and North Scottsdale:
Scottsdale is generally easier to price because the comparable sales are more consistent.
PV is more nuanced because homes are larger, more customized, and far more unique from one property to the next.
@dig_deeper1 Cure period notice can be sent. Transaction can be cancelled within 3 days of delivery if buyer does not perform. Loan close dates are often delayed. Depending on the seller circumstances, it may benefit them to provide more time and get it closed.