Scottsdale & Phoenix
Luxury Real Estate Market Insights
Expert analysis, trend data, and insider commentary from Kimberley Doering — Scottsdale's Top 1% luxury specialist.
Luxury Market
Trend Indicators
Real-time data from Scottsdale's most active luxury corridors — updated quarterly by Kimberley's team.
$1.85M
+8.2%Median Luxury Sale Price
Scottsdale 85255 & 85266 ZIP codes
Year-over-year appreciation in prime Scottsdale luxury corridors continues to outpace national averages.
24
-11 daysAvg. Days on Market
Homes priced $1M–$3M
Well-priced luxury homes are moving faster than ever, with multiple-offer scenarios returning in key communities.
97.4%
+1.2ptsList-to-Sale Price Ratio
Luxury segment, last 12 months
Sellers are achieving near-asking prices, reflecting strong buyer demand and limited inventory in top-tier communities.
312
-18%Active Luxury Listings
Greater Scottsdale $1M+
Inventory compression is creating a competitive landscape for buyers, particularly in gated and golf communities.
Community-by-Community Snapshot
| Community | Median Price | Avg. DOM | Market Condition | Tier |
|---|---|---|---|---|
| Silverleaf / DC Ranch | $4.2M | 38 days | Strong Seller | Ultra-Luxury |
| Paradise Valley | $3.8M | 42 days | Balanced | Premier |
| Arcadia | $2.1M | 19 days | Hot Seller | High Demand |
| McCormick Ranch | $1.4M | 22 days | Seller | Active |
| Gainey Ranch | $1.7M | 28 days | Seller | Active |
| Troon / Pinnacle Peak | $2.6M | 35 days | Balanced | Stable |
* Data reflects trailing 90-day averages across MLS-listed properties. Source: ARMLS / Redfin data.
60%+
of $2M+ Scottsdale sales
are all-cash transactions
$900
Max $/sqft
New Custom Builds
+22%
Build Cost Growth
Since 2022
Scottsdale & Phoenix
Market Analysis
Inventory Compression Driving Premiums
Active listings in the $1M–$5M range have declined 18% year-over-year, creating a supply-demand imbalance that continues to push prices upward in Scottsdale's most coveted zip codes. Buyers entering the market today face meaningful competition for move-in-ready estates.
Out-of-State Migration Sustaining Demand
California, Illinois, and New York buyers continue to relocate to the Phoenix metro at elevated rates, drawn by Arizona's tax advantages, lifestyle, and relative affordability at the luxury tier. This migration pattern has been a consistent demand driver since 2020 and shows no signs of reversing.
New Construction Commanding Record Premiums
Custom and semi-custom builds in Troon, Silverleaf, and the Pinnacle Peak corridor are achieving $600–$900 per square foot — a 22% increase over 2022 baselines. Buyers willing to wait 12–18 months for delivery are locking in significant equity upside.
Interest Rate Resilience in the Luxury Segment
Unlike the entry-level market, luxury buyers are largely cash-flush or rate-insensitive. Over 60% of Scottsdale transactions above $2M in the past year were all-cash, insulating the high-end segment from mortgage rate volatility and keeping velocity strong.
Kimberley's
Market Commentary
Kimberley Doering
Redfin Principal Premier Agent
The buyers who win in today's Scottsdale market are the ones who come prepared — pre-approved, decisive, and working with an agent who has real relationships with listing agents. In the $1.5M–$3M range, the best homes are often gone before they hit the public portals.
With inventory down 18% and cash buyers dominating, hesitation is the single biggest mistake I see buyers make. My job is to make sure my clients are positioned to move the moment the right property appears.
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Market Report
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