Real Estate Market Update | Metro Phoenix | January 2021 versus December 2020

Real Estate Market Update | Metro Phoenix | January 2021 versus December 2020

Metro Phoenix

Average Sales Price: December 2020 – $690,761 vs. January 2021 – $697,152 = 1% increase

Average Days On Market: December 2020 – 50 vs. January 2021 – 49 / 2% decrease

Average Sale Price Per Square Foot: December 2020 – $252.12 vs. January 2021 – $260.56 = 3% increase

Sale to List Price Ratio: December 2020 – 97.78% vs. January 2021 – 98.29% = 1% increase

Number of Sold Listings: December 2020 – 893 vs. January 2021 – 614 = 31% decrease

Months Supply of Inventory: December 2020 – 1.72 vs. January 2021 – 2.41 = 40% increase

Mortgage Rate: December 2020 – 2.95% vs. January 2021 – 2.93% = 1% decrease

Top 10 Sales:

  • $14,500,000 6111 N Nauni Valley Dr, Paradise Valley AZ
  • $7,137,000 5339 E San Miguel Ave, Paradise Valley AZ
  • $5,250,000 6215 N Yucca Rd, Paradise Valley AZ
  • $5,200,000 9038 N 54th Pl, Paradise Valley AZ
  • $5,100,000 6697 E Cactus Wren Rd, Paradise Valley AZ
  • $5,100,000 7535 N Clearwater Pkwy, Paradise Valley AZ
  • $4,500,000 5842 N 38th Pl, Paradise Valley AZ
  • $4,300,000 4971 E Palomino Rd, Phoenix AZ
  • $3,900,000 6658 E Indian Bend Rd, Paradise Valley AZ
  • $3,800,000 4921 E Arroyo Verde Dr, Paradise Valley AZ

GrantVanDyke #VanDykeRealtyGroup #MetroPhoenixRealEstate

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