Real Estate Market Update | MetroPhoenix | Quarter 3 2021 vs Quarter 3 2020

Real Estate Market Update | MetroPhoenix | Quarter 3 2021 vs Quarter 3 2020

Metro Phoenix Statistics

Average Sales Price: Q3 2020 > $631,892 vs. Q3 2021 > $761,466 = 21% increase

Average Days On Market: Q3 2020 > 58 vs. Q3 2021 > 32 = 45% decrease

Average Sale Price Per Square Foot: Q3 2020 > $239.00 vs. Q3 2021 > $304.74 = 28% increase

Sale to List Price Ratio: Q3 2020 > 97.56% vs. Q3 2021 > 99.71% = 2% increase

Number of Sold Listings: Q3 2020 > 2,628 vs. Q3 2021 > 2,216 = 16% decrease

Months Supply of Inventory: Q3 2020 > 1.56 vs. Q3 2021 > 1.55 = 1% decrease

Mortgage Rate: Q3 2020 > 3.05% vs. Q3 2021 > 3.17% = 4% increase

Top 10 Sales

$10,000,000 6101 E CACTUS WREN RD, Paradise Valley AZ

$8,500,000 5002 E VALLE VISTA WAY, Paradise Valley AZ

$7,800,000 5000 E SKY DESERT LN, Paradise Valley AZ

$7,600,000 5959 E HUMMINGBIRD LN, Paradise Valley AZ

$7,250,000 5801 E QUARTZ MOUNTAIN RD, Paradise Valley AZ

$6,875,000 5900 N HOMESTEAD LN, Paradise Valley AZ

$6,650,000 5901 E STELLA LN, Paradise Valley AZ

$6,505,000 5035 N INVERGORDON RD, Paradise Valley AZ

$6,050,000 6941 E BRONCO DR, Paradise Valley AZ

$6,010,000 3310 E STELLA LN, Paradise Valley AZ

#GrantVanDyke​​ #VanDykeRealtyGroup​​ #ParadiseValleyRealEstate #MetroPhoenixRealEstate

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