Every month we publish a Metro Phoenix real estate market report so as to provide you with as much information as possible when it comes to selling or buying a home. The information can seem a bit overwhelming, but we are here to help!
- Compared to May of 2013, the number of homes sold in Metro Phoenix* was down 1,085 homes. That is, the number of homes sold in May 2014 was only 80.49% of the same period last year. Paradise Valley saw the biggest decrease with only 58.49% of May 2013 sales.
- The price per square foot in Phoenix increased 9.98% over May 2013, while Mesa saw the largest gain of 11.7%.
- Days on Market: On average, homes across the valley are taking longer to sell than the year before. The average increase was 15 days.
- Ratio of original list price to sold price: In Phoenix during May 2014 homes sold at 92.4% of original list price. Paradise Valley homes sold at 88.65% of original list price while Tempe had the highest ratio of 94.46%
The table below contains a breakdown of the housing sales for May 2014 by city and zip code:
| City/Zip | # of Sales | Average Price/SqFt | Average Sold Price | Average Original List Price | Average Days on Market |
| Chandler | 378 | $132.48 | $272,855 | $289,517 | 58 |
| 85224 | 54 | $129.81 | $206,836 | $214,678 | 34 |
| 85225 | 105 | $120.12 | $191,095 | $198,690 | 50 |
| 85226 | 52 | $139.44 | $265,118 | $273,561 | 43 |
| 85248 | 33 | $155.28 | $396,308 | $425,898 | 74 |
| 85249 | 69 | $131.89 | $360,133 | $398,932 | 68 |
| 85286 | 65 | $138.14 | $310,638 | $325,792 | 80 |
| Gilbert | 445 | $127.03 | $275,077 | $296,097 | 68 |
| 85233 | 66 | $122.81 | $231,980 | $291,870 | 62 |
| 85234 | 69 | $128.10 | $289,199 | $308,722 | 72 |
| 85295 | 70 | $123.26 | $252,540 | $261,691 | 56 |
| 85296 | 98 | $121.75 | $248,005 | $263,174 | 73 |
| 85297 | 58 | $122.37 | $287,196 | $296,328 | 61 |
| 85298 | 84 | $141.97 | $339,335 | $355,969 | 77 |
| Glendale | 333 | $101.35 | $192,921 | $210,071 | 64 |
| 85301 | 38 | $67.43 | $95,852 | $100,703 | 64 |
| 85302 | 41 | $85.40 | $138,393 | $187,988 | 71 |
| 85303 | 32 | $87.72 | $139,634 | $145,702 | 52 |
| 85304 | 35 | $94.02 | $173,800 | $184,847 | 72 |
| 85305 | 16 | $99.17 | $270,588 | $297,506 | 91 |
| 85306 | 29 | $102.55 | $180,107 | $195,369 | 73 |
| 85307 | 2 | $87.82 | $151,050 | $154,975 | 17 |
| 85308 | 110 | $118.71 | $234,506 | $246,580 | 55 |
| 85310 | 30 | $125.35 | $290,823 | $314,253 | 71 |
| Mesa | 689 | $113.34 | $203,361 | $215,415 | 64 |
| 85201 | 40 | $101.70 | $144,395 | $152,735 | 71 |
| 85202 | 59 | $107.34 | $171,218 | $177,344 | 52 |
| 85203 | 36 | $113.76 | $232,629 | $241,767 | 54 |
| 85204 | 60 | $109.34 | $155,640 | $162,030 | 53 |
| 85205 | 67 | $109.62 | $199,667 | $214,158 | 65 |
| 85206 | 69 | $108.25 | $172,893 | $184,349 | 74 |
| 85207 | 78 | $130.19 | $287,756 | $306,856 | 62 |
| 85208 | 61 | $101.12 | $147,950 | $158,434 | 61 |
| 85209 | 77 | $119.98 | $211,873 | $225,378 | 85 |
| 85210 | 27 | $97.38 | $144,780 | $154,267 | 42 |
| 85212 | 47 | $113.83 | $255,002 | $268,416 | 58 |
| 85213 | 33 | $117.06 | $264,531 | $282,140 | 61 |
| 85215 | 35 | $137.54 | $251,721 | $265,986 | 72 |
| Paradise Valley | 31 | $289.75 | $1,210,527 | $1,365,542 | 172 |
| 85253 | 31 | $289.75 | $1,210,527 | $1,365,542 | 172 |
| Phoenix | 1736 | $118.65 | $217,650 | $232,317 | 68 |
| 85003 | 6 | $220.63 | $270,833 | $297,217 | 72 |
| 85004 | 5 | $184.89 | $280,600 | $294,700 | 74 |
| 85006 | 32 | $126.89 | $158,827 | $172,675 | 76 |
| 85007 | 17 | $122.00 | $195,053 | $194,540 | 73 |
| 85008 | 29 | $93.00 | $127,201 | $136,150 | 90 |
| 85009 | 30 | $71.53 | $102,170 | $109,080 | 53 |
| 85012 | 12 | $184.36 | $353,658 | $357,092 | 91 |
| 85013 | 43 | $145.73 | $234,572 | $254,621 | 69 |
| 85014 | 52 | $138.10 | $198,441 | $209,629 | 65 |
| 85015 | 67 | $86.85 | $123,078 | $139,646 | 98 |
| 85016 | 68 | $172.53 | $298,311 | $326,638 | 76 |
| 85017 | 39 | $60.50 | $79,344 | $84,091 | 116 |
| 85018 | 72 | $209.98 | $498,796 | $549,335 | 71 |
| 85019 | 27 | $60.20 | $95,785 | $101,467 | 61 |
| 85020 | 45 | $131.87 | $250,323 | $267,938 | 65 |
| 85021 | 35 | $122.52 | $218,503 | $268,817 | 84 |
| 85022 | 56 | $122.06 | $218,728 | $237,178 | 68 |
| 85023 | 33 | $114.66 | $216,158 | $228,887 | 76 |
| 85024 | 43 | $127.77 | $213,356 | $226,057 | 53 |
| 85027 | 57 | $108.18 | $159,937 | $171,954 | 55 |
| 85028 | 46 | $164.69 | $363,218 | $389,457 | 86 |
| 85029 | 48 | $95.25 | $158,014 | $169,821 | 58 |
| 85031 | 27 | $55.42 | $74,550 | $74,952 | 38 |
| 85032 | 104 | $119.17 | $187,733 | $200,038 | 66 |
| 85033 | 41 | $66.96 | $95,591 | $100,973 | 83 |
| 85034 | 2 | $108.77 | $136,500 | $139,500 | 60 |
| 85035 | 29 | $69.48 | $92,310 | $95,504 | 57 |
| 85037 | 64 | $85.32 | $130,051 | $135,204 | 55 |
| 85040 | 38 | $66.74 | $81,101 | $85,814 | 51 |
| 85041 | 71 | $76.89 | $156,958 | $165,395 | 64 |
| 85042 | 45 | $101.97 | $190,341 | $205,573 | 60 |
| 85043 | 51 | $83.19 | $143,661 | $146,808 | 49 |
| 85044 | 73 | $141.58 | $264,423 | $282,726 | 61 |
| 85045 | 11 | $147.65 | $363,291 | $395,773 | 129 |
| 85048 | 65 | $154.19 | $385,850 | $398,437 | 63 |
| 85050 | 62 | $166.34 | $354,434 | $366,962 | 59 |
| 85051 | 49 | $71.62 | $103,955 | $111,976 | 74 |
| 85053 | 33 | $94.75 | $151,083 | $159,040 | 59 |
| 85054 | 12 | $210.86 | $350,875 | $352,883 | 53 |
| 85083 | 29 | $124.97 | $296,979 | $312,955 | 77 |
| 85085 | 29 | $138.58 | $349,219 | $373,509 | 58 |
| 85086 | 39 | $137.34 | $353,218 | $356,356 | 87 |
| Scottsdale | 666 | $199.29 | $502,308 | $544,174 | 97 |
| 85250 | 50 | $177.19 | $341,951 | $367,292 | 91 |
| 85251 | 97 | $188.13 | $325,513 | $357,558 | 83 |
| 85253 | 6 | $210.65 | $276,917 | $288,300 | 112 |
| 85254 | 80 | $178.56 | $419,040 | $441,970 | 68 |
| 85255 | 109 | $243.90 | $797,348 | $880,778 | 119 |
| 85257 | 54 | $131.01 | $198,787 | $212,734 | 63 |
| 85258 | 69 | $212.43 | $444,615 | $470,553 | 90 |
| 85259 | 45 | $193.96 | $651,721 | $712,640 | 111 |
| 85260 | 86 | $178.64 | $370,693 | $395,702 | 88 |
| 85262 | 44 | $271.28 | $994,826 | $1,107,892 | 205 |
| 85266 | 26 | $217.58 | $668,346 | $672,221 | 76 |
| Tempe | 199 | $132.97 | $223,761 | $236,888 | 69 |
| 85281 | 60 | $143.79 | $193,785 | $208,599 | 83 |
| 85282 | 67 | $119.91 | $198,463 | $208,496 | 75 |
| 85283 | 49 | $124.47 | $200,323 | $211,616 | 53 |
| 85284 | 23 | $160.30 | $425,587 | $447,235 | 54 |
| Grand Total | 4477 | $132.38 | $273,473 | $293,672 | 72 |
*The data analyzed is from the Arizona Regional Multiple Listing Service (ARMLS) for Chandler, Gilbert, Glendale, Mesa, Paradise Valley, Phoenix, Scottsdale and Tempe, Arizona.
Joe Janus & James Plotnik, real estate agents and Realtors® specializing in the buying and selling of Distinctive Homes in Phoenix, Scottsdale and Paradise Valley, Arizona. This analysis does NOT include Mesa, AZ.
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