Real Estate Market Update | Metro Phoenix | April 2020 vs March 2020

Real Estate Market Update | Metro Phoenix | April 2020 vs March 2020

Metro Phoenix

Average Sales Price
March 2020 – $605515
April 2020 – $618807
2% Increase

Average Days On Market
March 2020 – 65
April 2020 – 63
3% Decrease

Average Sale Price Per Square Foot
March 2020 – $227.27
April 2020 – $224.37
1% Decrease

Sale to List Price Ratio
March 2020 – 97.27%
April 2020 – 96.31%
1% Decrease

Number of Sold Listings
March 2020 – 744
April 2020 – 622
16% Decrease

Months Supply of Inventory
March 2020 – 3.19
April 2020 – 3.64
14% Increase

Mortgage Rate
March 2020 – 3.75%
April 2020 – 3.51%
6% Decrease

Top 10 Sales

  1. $17,500,000 5780 N SAGUARO RD, Paradise Valley, AZ
  2. $9,500,000 7755 N FOOTHILL DR, Paradise Valley, AZ
  3. $6,314,650 6439 E LUKE RD, Paradise Valley, AZ
  4. $5,800,000 6646 N LOST DUTCHMAN DR, Paradise Valley, AZ
  5. $4,988,000 5665 E MOCKINGBIRD LN, Paradise Valley, AZ
  6. $4,100,000 2205 E COLTER ST, Phoenix, AZ
  7. $3,850,000 6151 N YUCCA RD, Paradise Valley, AZ
  8. $3,375,000 4545 N LAUNFAL AVE, Phoenix, AZ
  9. $2,808,725 4565 E LAFAYETTE BLVD, Phoenix, AZ
  10. $2,550,000 7547 N EUCALYPTUS DR, Paradise Valley, AZ

#GrantVanDyke #VanDykeRealtyGroup #PhoenixRealEstate

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