– Scottsdale Luxury Home Market Performance for March 2026 –
March was one of the strongest months we have seen in a while for luxury homes in Scottsdale.
In this report, we examine the luxury home market in Scottsdale. To be included, all of these homes had to have been priced at $1,000,000 or higher. To show more detail, we’ve broken the information into four different price bands.
– MARCH 2026 –
Scottsdale Homes Priced Between $1,000,000 – $1,499,999
– Active Scottsdale Homes on the Market: Inventory passed the 300 mark in March and closed out the month at 310 homes for sale.
–UCB Scottsdale Home Sales: UCB activity fell slightly in March, but still turned in the second-highest month of the past year.
– Pending Scottsdale Home Sales: Pending sales were up again, marking the highest we have seen them in the past year. In fact, you would have to go back to February 2023 to see a similar statistic.
– Scottsdale Homes Sold: Sales were up 28.3% over February. And the last time we saw a sales volume like this was March of 2022.
– 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 increased in March and came in well ahead of the 12-month average
–UCB Scottsdale Home Sales: UCB contracts fell slightly in March to 37. However, this is still ahead of the 12-month average.
– Pending Scottsdale Home Sales: The number of pending contracts also fell in March to 28.
– Scottsdale Homes Sold: Sales were very strong, coming in at 77 homes sold during the month.
– Sales Price to Listed Price: 96.7% – On average, buyers saw a discount of 3.3% off of list price.
Scottsdale Homes Priced Between $2,000,000 – $2,999,999
– Active Scottsdale Homes on the Market: Inventory was up just slightly over February.
–UCB Scottsdale Home Sales: There was decent UCB contract activity; however, it was down from February.
– Pending Scottsdale Home Sales: Following a very strong February, pending contracts were down in March. However, they still came in ahead of the 12-month average.
– Scottsdale Homes Sold: Even though new contract activity was down in March, the actual sales activity was gangbusters. Sales were up 41.9% over February. I have been tracking this data since 2007 and this is the highest sales month in this price point by a long shot.
– Sales Price to Listed Price: 95.8% – On average, buyers saw a discount of 4.2% off of list price.
Scottsdale Homes Priced $3,000,000+
– Active Scottsdale Homes on the Market: The number of homes for sale remained in the four hundreds in March. We are at almost 100 homes above the 12-month average.
– UCB Scottsdale Home Sales: UCB contracts were more or less level with February’s numbers.
– Pending Scottsdale Home Sales: Pendings were down slightly in March, but still turned into solid performance.
–Scottsdale Homes Sold: Sixty-one homes sold in March. This was also the highest number of sales we have seen in this price point, dating back to 2007.
– Sales Price to Listed Price: 95.8% – On average, buyers saw a discount of 4.2% 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 4/1/2026 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 ©2026 Heather Tawes Nelson | Joyce Tawes
Leave a Reply