Scottsdale AZ Luxury Home Market – August 2025

– Scottsdale Luxury Home Market Performance for August 2025 –

The luxury home market in Scottsdale experienced a mixed performance in August, with some segments performing well and others less so.

This report explores Scottsdale’s luxury home market. To be included, the homes needed to have been listed at $1 million or more.  We have split the data into four price-based segments to show additional detail. 

– AUGUST 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 fall.
– UCB Scottsdale Home Sales: The number of UCBs saw a nice 30.2% rebound in August after a sluggish July.
– Pending Scottsdale Home Sales: Pendings also saw a decent 15.7% increase. Both of these bode well for sales in September.
– Scottsdale Homes Sold: August was the worst sales month of the past year by a long shot. Only fifty-seven homes sold, compared to the 12-month average of eighty-one.
– Sales Price to Listed Price: 94.2% – On average, buyers saw a discount of 5.8% off of list price.

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

– Active Scottsdale Homes on the Market: The number of homes for sale dropped again. However, this aligns with what we observed around the same time in 2024.
– UCB Scottsdale Home Sales: UCBs experienced a significant drop after a strong July performance.
– Pending Scottsdale Home Sales: Pending sales closed out the month up by one, but still below the 12 month average.
– Scottsdale Homes Sold: August was a great month for home sales in this price point. Fifty homes sold, coming in just ahead of the 12 month average.
– Sales Price to Listed Price: 96.4% – On average, buyers saw a discount of 3.6% 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 fell to the second-lowest level it has been in the past year.
– UCB Scottsdale Home Sales: The number of UCBs fell by 15% between July and August.
– Pending Scottsdale Home Sales: Conversely, pending contracts were up 20.8% month-over-month.
– Scottsdale Homes Sold:  August was a terrible month for home sales in this price point. Only twenty-two homes sold. The next closest poor performance month had thirty-one sales.
– Sales Price to Listed Price: 94.2% – On average, buyers saw a discount of 5.8% off of list price.

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Scottsdale Homes Priced $3,000,000+

– Active Scottsdale Homes on the Market: Inventory fell for the fourth month in a row. However, this aligns with what we observed last year around this time.
– UCB Scottsdale Home Sales: UCB contracts rebounded nicely (28.6%) in August after two lackluster preceding months.
– Pending Scottsdale Home Sales: Pending sales were off slightly and have been falling for a few months.
– Scottsdale Homes Sold: Home sales were also down, coming in at the second-lowest number of monthly sales in the past year.
– Sales Price to Listed Price: 93.7% – On average, buyers saw a discount of 6.3% 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 9/1/2025 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