Real Estate Market Update | Metro Phoenix | Q1 2021 versus Q1 2021

Real Estate Market Update | Metro Phoenix | Q1 2021 versus Q1 2021

Metro Phoenix

Average Sales Price: Q1 2020 – $611490 vs Q1 2021 – $786595 = 29% increase

Average Days On Market: Q1 2020 – 73 vs Q1 2021 – 46 = 37% decrease

Average Sale Price Per Square Foot: Q1 2020 – $227.38 vs Q1 2021 – $276.91 = 22% increase

Sale to List Price Ratio: Q1 2020 – 97.13% vs Q1 2021 – 98.83% = 2% increase

Number of Sold Listings: Q1 2020 – 1901 vs  Q1 2021 – 2158 = 14% increase

Months Supply of Inventory: Q1 2020 – 2.15 vs Q1 2021 – 1.49 = 30% decrease

Mortgage Rate Q1 2020: – 3.75% vs Q1 2021 – 3.33% = 11% decrease

Top 10 Sales

  • $14,500,000 6111 N Nauni Valley Dr, Paradise Valley AZ
  • $9,500,000 6721 E Cheny Dr, Paradise Valley AZ
  • $8,400,000 7425 N Ironwood Dr, Paradise Valley AZ
  • $7,137,000 5339 E San Miguel Ave, Paradise Valley AZ
  • $7,000,000 5602 N Wilkinson Rd, Paradise Valley AZ
  • $7,000,000 5320 N Casa Blanca Dr, Paradise Valley AZ
  • $6,900,000 4632 E Foothill Dr, Paradise Valley AZ
  • $5,499,000 6264 E Joshua Tree Ln, Paradise Valley AZ
  • $5,250,000 6215 N Yucca Rd, Paradise Valley AZ
  • $5,250,000 6655 N 66th Pl, Paradise Valley AZ

#GrantVanDyke​ #VanDykeRealtyGroup​ #MetroPhoenixRealEstate

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