There are currently 3,936 Phoenix homes for sale (down 21 from last week), 2,646 in Scottsdale and 427 in Paradise Valley. Those 3,936 homes for sale in Phoenix have been on the market an average of 88.88 days and the median list price is $295,000.
Phoenix area home sales activity during 3/23/15 to 3/29/15:
- Phoenix: The median sales price for 337 single family homes that sold in Phoenix was $197,000 and the average was $242,950. Average days on market was 68.36 and they sold for 97.6% of asking price.
- Scottsdale: The median sales price for 106 single family homes that sold in Scottsdale was $459,500 and the average was $633,172. Average days on market was 116.59 and they sold for 94.69% of asking price.
- Paradise Valley: The median sales price for the seven single family homes that sold in Paradise Valley was $1,500,000 and the average was $1,947,143. Average days on market was 155.86 and they sold for 91.29% of asking price.
Here is a graph showing the number of sales that occurred last week in Phoenix by price range. As we can see, homes priced $575,000 and below are the ones that are really selling. The “sweet spot” is really those homes selling for $275,000 and below. But, homes in the $275,001 to $400,000 are doing well also.
Below is a line graph showing the number of weekly home sales in Phoenix over the past 12 weeks. The general trend is up, which is a good thing!
Let me know if you would like to discuss home buying and selling strategy further. I love this stuff!
The table below and analysis above provide a Metro Phoenix Real Estate Market Update for single family home sales in Paradise Valley, Phoenix, and Scottsdale, AZ during the week of 3/23/15 to 3/29/15.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market | Ratio of SP to LP |
| Paradise Valley | 7 | $368.01 | $1,947,143 | $2,133,000 | 155.86 | 91.29% |
| 85253 | 7 | $368.01 | $1,947,143 | $2,133,000 | 155.86 | 91.29% |
| Phoenix | 337 | $122.68 | $242,950 | $248,827 | 68.36 | 97.64% |
| 85003 | 2 | $195.97 | $412,500 | $447,000 | 64.00 | 92.28% |
| 85006 | 3 | $137.93 | $154,167 | $158,333 | 22.33 | 97.37% |
| 85007 | 3 | $145.47 | $151,000 | $154,600 | 34.00 | 97.67% |
| 85008 | 3 | $140.57 | $169,633 | $170,633 | 20.00 | 99.41% |
| 85009 | 6 | $73.24 | $87,100 | $91,337 | 22.67 | 95.36% |
| 85013 | 5 | $128.47 | $219,900 | $230,440 | 55.00 | 95.43% |
| 85014 | 5 | $142.46 | $252,800 | $258,580 | 40.00 | 97.76% |
| 85015 | 4 | $134.79 | $235,450 | $243,742 | 68.75 | 96.60% |
| 85016 | 10 | $218.46 | $460,190 | $475,360 | 66.40 | 96.81% |
| 85017 | 2 | $83.70 | $108,500 | $111,450 | 35.50 | 97.35% |
| 85018 | 6 | $236.12 | $841,667 | $871,650 | 177.00 | 96.56% |
| 85019 | 5 | $88.39 | $119,180 | $122,080 | 53.00 | 97.62% |
| 85020 | 10 | $149.53 | $273,878 | $278,040 | 56.00 | 98.50% |
| 85021 | 3 | $146.59 | $341,667 | $346,667 | 37.33 | 98.56% |
| 85022 | 12 | $117.15 | $239,950 | $247,983 | 69.33 | 96.76% |
| 85023 | 12 | $107.37 | $203,788 | $206,675 | 61.67 | 98.60% |
| 85024 | 11 | $142.74 | $283,001 | $289,373 | 57.82 | 97.80% |
| 85027 | 9 | $123.75 | $191,200 | $192,589 | 30.22 | 99.28% |
| 85028 | 7 | $157.41 | $349,929 | $364,129 | 158.71 | 96.10% |
| 85029 | 14 | $95.48 | $159,986 | $149,264 | 106.93 | 107.18% |
| 85031 | 12 | $68.90 | $104,447 | $104,358 | 40.25 | 100.08% |
| 85032 | 21 | $142.05 | $266,648 | $278,238 | 69.52 | 95.83% |
| 85033 | 13 | $76.59 | $115,531 | $117,712 | 48.54 | 98.15% |
| 85035 | 9 | $81.33 | $117,767 | $117,733 | 34.78 | 100.03% |
| 85037 | 16 | $79.54 | $120,519 | $121,813 | 59.94 | 98.94% |
| 85040 | 10 | $79.24 | $109,130 | $113,070 | 35.90 | 96.52% |
| 85041 | 11 | $88.53 | $186,282 | $189,831 | 89.91 | 98.13% |
| 85042 | 9 | $95.17 | $204,306 | $212,878 | 65.33 | 95.97% |
| 85043 | 10 | $88.75 | $154,348 | $156,220 | 63.40 | 98.80% |
| 85044 | 16 | $153.68 | $355,369 | $371,700 | 51.88 | 95.61% |
| 85045 | 2 | $157.72 | $291,250 | $303,250 | 52.00 | 96.04% |
| 85048 | 20 | $145.81 | $297,815 | $301,702 | 97.10 | 98.71% |
| 85050 | 11 | $166.27 | $374,764 | $381,509 | 56.27 | 98.23% |
| 85051 | 6 | $94.02 | $123,000 | $122,717 | 123.33 | 100.23% |
| 85053 | 6 | $120.83 | $149,500 | $152,200 | 60.50 | 98.23% |
| 85054 | 1 | $162.42 | $261,500 | $270,000 | 65.00 | 96.85% |
| 85083 | 12 | $129.97 | $328,275 | $335,983 | 87.50 | 97.71% |
| 85085 | 14 | $126.59 | $342,339 | $351,764 | 90.07 | 97.32% |
| 85086 | 6 | $126.63 | $313,150 | $317,058 | 97.17 | 98.77% |
| Scottsdale | 106 | $210.44 | $633,172 | $668,688 | 116.59 | 94.69% |
| 85250 | 6 | $196.11 | $381,000 | $398,817 | 74.00 | 95.53% |
| 85251 | 8 | $191.53 | $362,125 | $368,213 | 83.50 | 98.35% |
| 85254 | 18 | $181.73 | $381,889 | $389,633 | 67.67 | 98.01% |
| 85255 | 21 | $235.70 | $756,202 | $788,343 | 162.19 | 95.92% |
| 85257 | 12 | $151.67 | $239,750 | $247,667 | 80.58 | 96.80% |
| 85258 | 5 | $213.60 | $634,320 | $651,780 | 73.80 | 97.32% |
| 85259 | 7 | $216.36 | $613,857 | $627,200 | 48.57 | 97.87% |
| 85260 | 12 | $211.93 | $771,875 | $804,975 | 115.83 | 95.89% |
| 85262 | 13 | $271.43 | $1,254,223 | $1,406,292 | 229.85 | 89.19% |
| 85266 | 4 | $225.58 | $816,500 | $852,725 | 142.25 | 95.75% |
| Grand Total | 450 | $147.17 | $361,378 | $377,037 | 81.08 | 95.85% |
We hope that you find the data in these Phoenix real estate market updates helpful. Please contact us if you are looking to buy or sell a home in metro Phoenix. We would love to help! 602.620.6267
*The data analyzed is from the Arizona Regional Multiple Listing Service (ARMLS).
The Joe Janus Real Estate – Trusted Real Estate Professionals Helping You Live You in Phoenix, Scottsdale and Paradise Valley, Arizona | info@joejanus.com | 602.620.6267
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