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Despite a moderate decrease in the number of sold listings, June 2023 proved to be a solid month for home sales in Metro Phoenix. Overall, June 2023 demonstrated positive indicators for home sales in Metro Phoenix, favoring home sellers. The market showcased resilience, with an increase in average sales prices and a decrease in available inventory, highlighting the lucrative opportunities for those looking to sell their properties. – Grant Van Dyke
Metro Phoenix
Average Sales Price: Q2 2022 > $1,001,776 vs Q2 2023 > $1,059,272 = 6% increase
Average Days On Market: Q2 2022 > 30 vs Q2 2023 > 65 = 117% increase
Average Sale Price Per Square Foot: Q2 2022 > $377 vs Q2 2023 > $369 = 2% decrease
Sale to List Price Ratio: Q2 2022 > 100.35% vs Q2 2023 > 96.96% = 3% decrease
Number of Sold Listings: Q2 2022 > 1944 vs Q2 2023 > 1629 = 16% decrease
Months Supply of Inventory: Q2 2022 > 1.88 vs Q2 2023 > 1.8 = 4% decrease
Mortgage Rate: Q2 2022 > 5.85% vs Q2 2023 > 6.84% = 17% increase
Top 10 Sales
$23,500,000 5636 E Mockingbird Ln, Paradise Valley
$18,000,000 5665 E Caballo Dr, Paradise Valley
$13,250,000 5113 N Wilkinson Rd, Paradise Valley
$12,500,000 5104 N Wilkinson Rd, Paradise Valley
$12,300,000 5029 E Desert Park Ln, Paradise Valley
$11,550,000 7070 N 59th Place, Paradise Valley
$11,000,000 7777 N Saguaro D, Paradise Valley
$10,995,000 3617 E Camino Sin Nombre, Paradise Valley
$10,500,000 8345 N Morning Glory Rd, Paradise Valley
$10,500,000 7606 N 65th Street, Paradise Valley
