Real Estate Market Update | Metro Phoenix | August 2020 vs July 2020

Real Estate Market Update | Metro Phoenix | August 2020 vs July 2020

Metro Phoenix

Average Sales Price: July 2020 – $632923 vs August 2020 – $618427 = 2% decrease

Average Days On Market: July 2020 – 60 vs August 2020 – 58 = 3% decrease

Average Sale Price Per Square Foot: July 2020 – $237.82 vs August 2020 – $238.1 = 0% No Change

Sale to List Price Ratio: July 2020 – 97.86% vs August 2020 – 97.18% = 1% decrease

Number of Sold Listings: July 2020 – 909 vs August 2020 – 829 = 9% decrease

Months Supply of Inventory: July 2020 – 2.32 vs August 2020 – 2.53 = 9% increase

Mortgage Rate: July 2020 – 3.30% vs August 2020 – 3.14% = 5% decrease

Top 10 Sales
$11,375,000 5625 E Nauni Valley DR, Paradise Valley AZ
$7,250,000 5212 E Exeter Blvd, Phoenix AZ
$5,950,000 5200 E Arcadia Ln, Phoenix AZ
$5,600,000 7801 N Calle Caballeros, Paradise Valley AZ
$4,400,000 6210 N 51st Pl, Paradise Valley AZ
$4,200,000 6835 E Bronco Dr, Paradise Valley AZ
$4,050,000 7055 E Stagecoach Pass, Carefree AZ
$3,950,000 5724 E Exeter Blvd, Phoenix AZ
$3,900,000 5301 E Via Los Caballos, Paradise Valley AZ
$3,850,000 6300 E Naumann Dr, Paradise Valley AZ

GrantVanDyke #VanDykeRealtyGroup #PhoenixRealEstate

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