– Scottsdale Luxury Home Market Performance for March 2025 –
Sales activity picked up in March, particularly in the $3 million and above segment.
This report tracks sales activity of luxury homes priced at $1 million or more in Scottsdale. There are four metrics we track and we have segmented the data into four price ranges.
– MARCH 2025 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory continues to climb and we hit the highest level we have seen in the past year.
– UCB Scottsdale Home Sales: UCB contracts were up 24.6% when compared to February and this is by far the highest they have been in the last 12 months.
– Pending Scottsdale Home Sales: Pendings fell in March, but still came in ahead of the 12 month average.
– Scottsdale Homes Sold: Sales almost hit the 100 mark in March.
– Sales Price to Listed Price: 96.5% – On average, buyers saw a discount of 3.5% off of list price.
Scottsdale Homes Priced Between $1,500,000 – $1,999,999
– Active Scottsdale Homes on the Market: The number of homes for sale in this price point continues to increase.
– UCB Scottsdale Home Sales: UCB contracts came in one ahead of February.
– Pending Scottsdale Home Sales: The number of pending contracts at the end of the month was 39. This is the highest they have been in the past year.
– Scottsdale Homes Sold: Home sales were up 18.8% compared to February.
– Sales Price to Listed Price: 96.8% – On average, buyers saw a discount of 3.2% off of list price.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: The number of homes for sale increased again. We have seen a steady climb in inventory since December.
– UCB Scottsdale Home Sales: The number of UCB contracts was up compared to February, but I was hoping to see them in the 30s.
– Pending Scottsdale Home Sales: Pendings were up as well, but they were more muted than expected.
– Scottsdale Homes Sold: This is the only price band where sales fell month-over-month. And with fewer contracts in the pipeline, April may be muted as well.
– Sales Price to Listed Price: 95.4% – On average, buyers saw a discount of 4.6% off of list price.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: Inventory in this price point continues to increase. We are almost 100 homes ahead of the 12 month average.
– UCB Scottsdale Home Sales: March closed out with the highest number of UCB contracts we have seen in the past year.
– Pending Scottsdale Home Sales: After an insane February, pending sales dropped sharply in March. We would expect them to be in the 30s at this time of year.
– Scottsdale Homes Sold: Sales jumped 55% in March! There were 60 sales of homes priced at $3 million or more. This is the highest we have seen them in the past year.
– Sales Price to Listed Price: 96.4% – On average, buyers saw a discount of 3.6% off of list price.
If you would like additional details on home sales activity, please visit our Scottsdale Luxury Home Market Reports page and click on the downloadable “Scottsdale Market Trends” report.
Search Scottsdale Luxury Homes for Sale
Here is a sample of some luxury homes that are currently for sale:
MLS IDX Listing Disclosure © 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2025 and can change at any time. The analysis looks at single-family luxury resale homes in Scottsdale AZ over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties expressed or implied.
Copyright ©2025 Heather Tawes Nelson | Joyce Tawes
