Scottsdale remains one of the most dynamic luxury markets in the Southwest. Fueled by relocation buyers, investors, and long-term residents, demand continues to outpace supply. Prices for homes above $1M have steadily risen year-over-year, particularly in golf course communities and custom new-build estates. For both buyers and sellers, understanding these shifts is critical to making smart, timely decisions.
Year-over-Year Price Trends
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Median sales prices for million-dollar homes in Scottsdale have increased steadily, with stronger gains in North Scottsdale golf course and guard-gated communities.
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Design-forward new builds and renovated homes command premium prices, often selling quickly or off-market.
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Homes with Camelback or McDowell Mountain views consistently rank among the top tier for appreciation.
Inventory & Buyer Demand
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Limited inventory continues to put upward pressure on pricing.
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Relocation from feeder markets like California, Chicago, and New York keeps demand strong.
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Luxury homes under $2.5M often attract competitive interest, while estates above $3M show increasing activity from high-net-worth buyers.
What This Means for Buyers & Sellers
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Buyers: Act quickly and lean on local expertise to access off-market opportunities.
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Sellers: Limited supply means your timing is advantageous — correct pricing and presentation can lead to record-setting results.
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