Real Estate Market Update | Metro Phoenix | February 2021 versus January 2021

Real Estate Market Update | Metro Phoenix | February 2021 versus January 2021

Metro Phoenix

Average Sales Price:  January 2021 – $698291 vs February 2021 – $807336 = 16% increase

Average Days On Market: January 2021 – 49 vs February 2021 – 50 = 2% increase

Average Sale Price Per Square Foot: January 2021 – $260.96 vs February 2021 – $279.54 = 7% increase

Sale to List Price Ratio: January 2021 – 98.29% vs February 2021 – 98.66% = 0% No Change

Number of Sold Listings: January 2021 – 611 vs February 2021 – 707 = 16% increase

Months Supply of Inventory: January 2021 – 2.47 vs February 2021 – 2.09 = 15% decrease

Mortgage Rate: January 2021 – 2.93% vs February 2021 – 3.18% = 9% increase

  • Top 10 Sales
  • $9,500,000 6721 E Cheney Dr, Paradise Valley AZ
  • $8,400,000 7425 N Ironwood Dr, Paradise Valley AZ
  • $5,499,000 6264 E Joshua Tree Ln, Paradise Valley AZ
  • $5,250,000 6655 N 66th Pl, Paradise Valley AZ
  • $5,200,000 5102 N Tamanar Way, Paradise Valley AZ
  • $4,400,000 6200 E Hummingbird Ln, Paradise Valley AZ
  • $4,250,000 5333 E Via Los Caballos, Paradise Valley AZ
  • $4,150,000 4535 N 49th Pl, Phoenix AZ
  • $3,895,000 5525 E Lincoln Dr, #116, Paradise Valley AZ
  • $3,595,000 7000 N 57th Pl, Paradise Valley AZ

GrantVanDyke #VanDykeRealtyGroup #MetroPhoenixRealEstate

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