The market continues to improve for sellers. Sold properties are up 34% over January 2023; this increase is much more positive than the industry expected in the fourth quarter of 2022. The contract ratio for all areas & types has risen above 60% as of March 1st, showing signs of a market heating up again. […]
Demand weakened, as it always does during the holiday season, which is why our supply took a 24% jump this month. However weak demand does not necessarily make a market crash. Excess supply is what really drives prices down hard, and we’re simply not seeing that. The downward pricing trend is actually weakening. Asking prices […]
According to Flex-MLS, the Marketplace for MetroPhoenix Residential Properties, in Quarter 4, 2022 versus Quarter 4, 2021: The Number of SOLD listings decreased by 28% to 6,545 units, with a top sale of $21,000,000 at 6015 E Cameldale Way, in Paradise Valley. The Average Sales Price increased by 14% to $939,524, moving the Average Price […]
If you’re thinking about Buying or Selling residential real estate, it’s important to understand the current market trends. According to Flex-MLS, the Marketplace for MetroPhoenix Residential Properties, in November 2022 versus October 2022: The Number of SOLD listings decreased by 20% to 333 units with a top sale of $13,500,000 at 6453 E Luke Avenue, […]
Metro Phoenix | October 2022 vs October 2021 Average Sales Price: September 2022 > $867,615 vs October 2022 > $825,130 = 5% decrease Average Days On Market: September 2022 > 52 vs October 2022 > 59 = 13% increase Average Sale Price Per Sq Foot: September 2022 > $342.85 vs October 2022 > $337.73 = 1% […]
Metro Phoenix Average Sales Price: Q3 2021 > $756,951 vs Q3 2022 > $857,765 = 13% increase Average Days On Market: Q3 2021 > 32 vs Q3 2022 > 43 = 34% increase Average Sale Price Per Square Foot: Q3 2021 > $304.51 vs Q3 2022 > $349.96 = 15% increase Sale to List Price […]
According to Flex-MLS, the Marketplace for MetroPhoenix Residential Properties, in August 2022 versus July 2022, the number of SOLD listings increased by 11% to 488 units with a top sale of $7,800,000 at 5431 E Exeter Boulevard, in Phoenix. The Average Sales Price increased by 2% to $863,057, moving the Average Price Per Sq Foot […]
Metro Phoenix | July 2022 vs June 2022 Average Sales Price: June 2022 > $973,771 vs July 2022 > $843,185 = 13% decrease Average Days On Market: June 2022 > 28 vs July 2022 > 30 = 7% increase Average Sale Price Per Square Foot: June 2022 > $371.05 vs July 2022 > $356.32 = […]
Metro Phoenix Average Sales Price: Q2 2021 > $881,382 vs Q2 2022 > $1,001,466 = 14% increase Average Days On Market: Q2 2021 > 33 vs Q2 2022 > 29 = 12% decrease Average Sale Price Per Square Foot: Q2 2021 > $305.31 vs Q2 2022 > $377.93 = 24% increase Sale to List Price […]
Metro Phoenix | May 2022 vs April 2022 Average Sales Price: April 2022 > $1,058,141 vs May 2022 > $963,175 = 9% decrease Average Days On Market: April 2022 > 31 vs May 2022 > 27 = 13% decrease Average Sale Price Per Square Foot: April 2022 > $386.77 vs May 2022 > $373.66 = […]
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