Scottsdale AZ Luxury Home Market – April 2025

– Scottsdale Luxury Home Market Performance for April 2025 –

Sales activity came in lower than anticipated in April. Typically, April is a very strong month for sales, but this year, activity was muted. 

This analysis looks at home sales activity for million dollar plus homes in Scottsdale. To show more detail, we have split the information into four price bands. 

– APRIL 2025 –

Scottsdale Homes Priced Between $1,000,000 – $1,499,999

– Active Scottsdale Homes on the Market: The number of homes for sale in this price point continues to climb and we are at the highest level we have seen in the past year.
– UCB Scottsdale Home Sales: After a very strong March, UCB contracts fell sharply. However, this was the third highest month of UCBs in the past 12 months.
– Pending Scottsdale Home Sales: Pendings fell again in April, coming in lower than we would have expected.
– Scottsdale Homes Sold: March was an excellent month for home sales. Over 100 homes sold, coming in way ahead of the 12 month average of 82.
– Sales Price to Listed Price: 96.5% – On average, buyers saw a discount of 3.5% off of list price.

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Scottsdale Homes Priced Between $1,500,000 – $1,999,999

– Active Scottsdale Homes on the Market: Inventory leveled out in April after months of increases.
– UCB Scottsdale Home Sales: UCBs were strong in April, coming in at the second-highest level in the past year.
– Pending Scottsdale Home Sales: Pending contracts fell in April after a strong March. However, April posted a strong month and came well ahead of the 12 month average.
– Scottsdale Homes Sold: Home sales in April were level with March, posting a second month of strong sales.
– Sales Price to Listed Price: 96.0% – On average, buyers saw a discount of 4.0% off of list price.

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Scottsdale Homes Priced Between $2,000,000 – $2,999,999

– Active Scottsdale Homes on the Market: Inventory continued to increase in April. We are now very well above the 12 month average.
– UCB Scottsdale Home Sales: UCB activity was more or less level, coming in one less than March.
– Pending Scottsdale Home Sales: Pending contracts were up slightly by the end of the month.
– Scottsdale Homes Sold: Home sales came in lower in April and this is not what we would expect for this time of year.
– Sales Price to Listed Price: 95.7% – On average, buyers saw a discount of 4.3% off of list price.

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Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory continues to creep upward. This is the highest is has ever been and is almost 100 homes above the 12 month average.
– UCB Scottsdale Home Sales: After an impressive performance in March, UCB contracts fell in April. However, it was the third-highest month in the past year.
– Pending Scottsdale Home Sales: Pending sales were level with March. Again, we would expect to see this figure in the 30’s this time of year.
– Scottsdale Homes Sold: After an unprecedented March, sales fell in April. However, this was another great sales month.
– Sales Price to Listed Price: 95.5% – On average, buyers saw a discount of 4.5% off of list price.

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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:

Disclaimer: Information deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 5/1/2025 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