Real Estate Market Update | MetroPhoenix | August 2021 vs July 2021

Real Estate Market Update | MetroPhoenix | August 2021 vs July 2021

Metro Phoenix: 

Average Sales Price: July 2021 – $783,153 vs August 2021 – $761,339 = 3% decrease 

Average Days On Market: July 2021 – 32 vs August 2021 – 35 = 9% increase 

Average Sale Price Per Square Foot: July 2021 – $305.49 vs August 2021 – $299.73 = 2% decrease 

Sale to List Price Ratio: July 2021 – 100.75% vs August 2021 – 99.54% = 1% decrease 

Number of Sold Listings: July 2021 – 781 vs August 2021 – 711 = 9% decrease 

Months Supply of Inventory: July 2021 – 2.14 vs August 2021 – 2.33 = 9% increase 

Mortgage Rate: July 2021 – 3.04% vs August 2021 – 3.04% = 0% No Change 

Top 10 Sales: 

$7,800,000 5000 E SKY DESERT LN, Paradise Valley, AZ 

$7,250,000 5801 E QUARTZ MOUNTAIN RD, Paradise Valley, AZ

$6,505,000 5035 N INVERGORDON RD, Paradise Valley, AZ 

$6,000,000 5505 N CASA BLANCA DR, Paradise Valley, AZ 

$5,610,319 5316 E PALOMINO RD, Phoenix, AZ 

$5,500,000 4603 N BORGATELLO LN, Phoenix, AZ 

$5,300,000 5701 E MOCKINGBIRD LN, Paradise Valley, AZ 

$4,686,600 7142 E IRONWOOD DR, Paradise Valley, AZ 

$4,500,000 5442 E CALLE DEL MEDIO, Phoenix, AZ 

$3,850,000 6801 E BERNEIL LN, Paradise Valley, AZ

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