Market Update — March 2026
By Anne Sostman | The Scottsdale Agent | License SA718853000
March 2026
Market
Update.
Scottsdale & Paradise Valley Real Estate
Peak season delivered. Scottsdale SFR closings jumped 20% year over year to 496, Paradise Valley posted $315.2M in sales volume on 52 SFR transactions, and both markets showed the kind of activity that only arrives when serious buyers and well-positioned sellers meet. Here is what the March data shows.
— Anne Sostman, March 2026
March 2026 ARMLS Data
Scottsdale & Paradise Valley
All Dwelling Types
Year-Over-Year Comparison
Published by Anne Sostman
Market Overview
Peak Season
Delivered.
March is the month the Scottsdale and Paradise Valley luxury market builds toward all year, and this March performed. Scottsdale SFR closings reached 496 up 20% year over year and the strongest monthly total of 2026 so far. Total SFR volume hit $856.8M, a 21% increase from March 2025. Average sale price came in at $1,727,376, essentially flat year over year which in context means price held even as volume expanded significantly, a sign of a well-functioning market rather than a speculative one.
Paradise Valley’s month was genuinely strong across the board. Fifty-two SFR closings up 15% year over year at an average of $6,060,613 produced $315.2M in total volume, a 37% increase from March 2025. Unlike January’s composition-driven average, March’s figure reflects consistent transaction depth at the high end. One note to track: under contract pulled back in both markets year over year, which sets expectations for April closings.
By Market
Scottsdale vs.
Paradise Valley.
Both markets posted strong March results. The full data for each market tells a more complete story than the headline numbers alone.
| Scottsdale
Volume Strong.
Pricing Steady. Scottsdale’s SFR market delivered its best closing month of the year. 496 transactions at a stable average price reflects a market where both sides found agreement at scale. The attached segment continued to soften townhouse closings fell 11%, apartment closings 14% but those segments serve a different buyer profile than the luxury SFR market, which performed well above the prior year on every volume metric.
SFR active listings: 2,372 (up 6% YOY)
SFR sold: 496 (up 20% YOY)
Avg SFR sale price: $1,727,376 (flat YOY, +0%)
SFR total volume: $856.8M (up 21% YOY)
New SFR listings: 640 (down 3% YOY) | Under contract: 285 (down 28% YOY)
|
Paradise Valley
52 Closings.
$315M in Volume. Paradise Valley’s March was its strongest month of 2026. Fifty-two SFR closings at $6.06M average up 18% year over year produced $315.2M in total volume, a 37% increase from March 2025. With 52 transactions supporting the average, this is not a figure distorted by one or two outlier sales. The luxury end of Paradise Valley is functioning at genuine depth. Under contract pulled back 15% year over year, which is worth monitoring but does not diminish the March result.
SFR active listings: 292 (up 8% YOY)
SFR sold: 52 (up 15% YOY)
Avg SFR sale price: $6,060,613 (up 18% YOY)
Total SFR volume: $315.2M (up 37% YOY)
New SFR listings: 55 (down 3% YOY) | Under contract: 27 (down 15% YOY)
|
What This Means
For Sellers and
Buyers.
March’s results read differently depending on your position. The volume story is strong. The pipeline story warrants attention. Here is the direct read for each side.
| For Sellers
Strong Market.
Narrowing Window. March’s closing volume is the best news in this report for sellers. Buyers were active, they transacted, and prices held. The caution is in the pipeline: under contract in Scottsdale fell 28% year over year. That means the buyers who closed in March were the ones who committed in February. The sellers who will have a strong April and May are the ones who are on market, or coming to market now. The spring window is open, but it is not unlimited.
496 Scottsdale SFR closings the market is transacting at scale
Pricing is stable well-positioned homes are selling at or near ask
Under contract down 28% YOY April closings will be softer; act now
Off-market options available through the Private Client Network
|
For Buyers
Pipeline Softened.
Opportunity Opened. The drop in under contract activity in both Scottsdale and Paradise Valley means inventory that did not move in March is carrying into April. That is a real opportunity for buyers who are prepared and patient not because the market is weakening, but because motivated sellers whose homes did not sell in peak season will be more willing to negotiate than they were in February. Pricing is stable, which means waiting does not improve your entry point. But selectivity now has more to work with than it did a month ago.
Scottsdale under contract down 28% unsold inventory carrying into April
PV active inventory up 8% more choices in the luxury market than last year
Pricing stable not declining, but not accelerating either
Off-market access through the Private Client Network for properties not yet listed
|
Looking Ahead
What to Watch
in April.
Four indicators that will define whether March’s strong results carry into the back half of spring or begin to moderate.
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