Real Estate Market Update | Metro Phoenix | Q2 2021 vs Q2 2020

Real Estate Market Update | Metro Phoenix | Q2 2021 vs Q2 2020

Metro Phoenix

Average Sales Price: Q2 2020 – $580,660 vs Q2 2021 – $889,540 = 53% increase

Average Days On Market: Q2 2020 – 59 vs Q2 2021 – 33 = 44% decrease

Average Sale Price Per Square Foot: Q2 2020 – $226.56 vs Q2 2021 – $306.54 = 35% increase

Sale to List Price Ratio: Q2 2020 – 96.90% vs Q2 2021 – 100.17% = 3% increase

Number of Sold Listings: Q2 2020 – 1,958 vs Q2 2021 – 2,552 = 30% increase

Months Supply of Inventory: Q2 2020 – 2 vs Q2 2021 – 1.32 = 34% decrease

Mortgage Rate: Q2 2020 – 3.42% vs Q2 2021 – 3.16% = 8% decrease

  • Top 10 Sales
  • $14,250,000 5335 N Invergordon Rd, Paradise Valley AZ
  • $13,500,000 5901 E Valley Vista Ln, Paradise Valley AZ
  • $12,100,000 5815 N Saguaro Rd, Paradise Valley AZ
  • $10,500,000 5841 E Indian Bend Rd, Paradise Valley AZ
  • $10,000,000 6000 E Cameldale Way, Paradise Valley AZ
  • $9,750,000 6022 E Cholla Ln, Paradise Valley AZ
  • $8,500,000 5825 E Starlight Way, Paradise Valley AZ
  • $8,100,000 5003 E Sky Desert Ln, Paradise Valley AZ
  • $7,825,000 6250 N Casa Blanca Dr, Paradise Valley AZ
  • $7,400,000 5416 E Desert Jewel Dr, Paradise Valley AZ

#GrantVanDyke​ #VanDykeRealtyGroup​ #MetroPhoenixRealEstate

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