August 2014 Metro Phoenix Real Estate Report
Here is our synopsis of key numbers in the market:
- Month-over-month the number of home sales in Phoenix has been less than the same months in 2013 and 2012.
- On average, homes in Phoenix went under contract in 56 days of being listed and contracts closed within 39 days of acceptance.
- Price per square foot in Phoenix has flattened out between $121.50 and $123.50 per square foot for the last 7 months.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market | Ratio of SP to LP |
| Chandler | 352 | $132.91 | $290,170 | $297,892 | 67 | 97.41% |
| 85224 | 53 | $123.62 | $221,696 | $226,913 | 73 | 97.70% |
| 85225 | 71 | $125.22 | $211,023 | $215,283 | 53 | 98.02% |
| 85226 | 40 | $139.13 | $277,726 | $283,751 | 55 | 97.88% |
| 85248 | 41 | $149.54 | $388,012 | $400,648 | 84 | 96.85% |
| 85249 | 85 | $130.31 | $328,214 | $338,650 | 70 | 96.92% |
| 85286 | 62 | $138.21 | $330,508 | $338,464 | 72 | 97.65% |
| Gilbert | 394 | $127.38 | $295,516 | $303,167 | 74 | 97.48% |
| 85233 | 63 | $128.46 | $260,880 | $266,363 | 44 | 97.94% |
| 85234 | 70 | $127.79 | $296,079 | $303,845 | 66 | 97.44% |
| 85295 | 66 | $122.84 | $287,460 | $296,958 | 87 | 96.80% |
| 85296 | 72 | $124.82 | $256,550 | $261,942 | 60 | 97.94% |
| 85297 | 68 | $126.25 | $303,357 | $312,494 | 81 | 97.08% |
| 85298 | 55 | $135.83 | $385,457 | $394,346 | 110 | 97.75% |
| Glendale | 336 | $104.43 | $195,263 | $200,353 | 64 | 97.46% |
| 85301 | 32 | $74.13 | $119,861 | $121,184 | 65 | 98.91% |
| 85302 | 44 | $87.62 | $155,477 | $162,933 | 82 | 95.42% |
| 85303 | 31 | $88.44 | $160,692 | $163,423 | 71 | 98.33% |
| 85304 | 35 | $102.21 | $170,886 | $174,326 | 63 | 98.03% |
| 85305 | 16 | $102.91 | $221,344 | $226,338 | 55 | 97.79% |
| 85306 | 18 | $101.13 | $153,050 | $156,222 | 65 | 97.97% |
| 85307 | 12 | $85.65 | $151,550 | $156,683 | 53 | 96.72% |
| 85308 | 107 | $121.31 | $238,990 | $246,248 | 59 | 97.05% |
| 85310 | 41 | $123.15 | $250,790 | $254,680 | 59 | 98.47% |
| Mesa | 471 | $115.13 | $226,138 | $231,472 | 62 | 97.70% |
| 85201 | 20 | $106.06 | $183,091 | $187,419 | 81 | 97.69% |
| 85202 | 37 | $123.88 | $205,030 | $206,053 | 58 | 99.50% |
| 85203 | 23 | $104.10 | $214,104 | $220,426 | 58 | 97.13% |
| 85204 | 30 | $105.98 | $169,275 | $172,580 | 33 | 98.08% |
| 85205 | 50 | $112.52 | $199,767 | $205,006 | 63 | 97.44% |
| 85206 | 32 | $112.23 | $208,723 | $213,956 | 69 | 97.55% |
| 85207 | 68 | $131.14 | $258,737 | $263,704 | 60 | 98.12% |
| 85208 | 43 | $104.31 | $165,220 | $168,428 | 47 | 98.10% |
| 85209 | 51 | $113.18 | $229,809 | $236,967 | 55 | 96.98% |
| 85210 | 22 | $108.86 | $185,936 | $188,116 | 54 | 98.84% |
| 85212 | 56 | $112.59 | $271,399 | $274,864 | 83 | 98.74% |
| 85213 | 22 | $115.77 | $332,652 | $356,712 | 78 | 93.26% |
| 85215 | 17 | $136.83 | $327,459 | $333,471 | 69 | 98.20% |
| Paradise Valley | 19 | $274.55 | $1,234,500 | $1,433,316 | 139 | 86.13% |
| 85253 | 19 | $274.55 | $1,234,500 | $1,433,316 | 139 | 86.13% |
| Phoenix | 1210 | $123.50 | $248,158 | $255,086 | 69 | 97.28% |
| 85003 | 3 | $222.99 | $356,167 | $365,967 | 85 | 97.32% |
| 85004 | 2 | $220.48 | $356,500 | $356,500 | 205 | 100.00% |
| 85006 | 16 | $114.93 | $154,781 | $156,975 | 66 | 98.60% |
| 85007 | 8 | $163.44 | $293,438 | $308,419 | 134 | 95.14% |
| 85008 | 22 | $106.17 | $157,736 | $159,905 | 79 | 98.64% |
| 85009 | 16 | $63.58 | $85,597 | $90,152 | 34 | 94.95% |
| 85012 | 5 | $194.24 | $519,240 | $540,300 | 73 | 96.10% |
| 85013 | 28 | $152.78 | $267,211 | $279,089 | 84 | 95.74% |
| 85014 | 17 | $142.90 | $203,241 | $208,376 | 27 | 97.54% |
| 85015 | 27 | $110.97 | $158,277 | $164,625 | 66 | 96.14% |
| 85016 | 39 | $183.45 | $377,204 | $389,956 | 80 | 96.73% |
| 85017 | 16 | $74.40 | $95,309 | $97,456 | 46 | 97.80% |
| 85018 | 36 | $243.98 | $767,722 | $799,089 | 94 | 96.07% |
| 85019 | 16 | $76.00 | $112,544 | $115,078 | 56 | 97.80% |
| 85020 | 24 | $168.97 | $403,648 | $415,803 | 109 | 97.08% |
| 85021 | 27 | $128.39 | $272,624 | $280,716 | 63 | 97.12% |
| 85022 | 42 | $129.45 | $276,772 | $284,502 | 79 | 97.28% |
| 85023 | 35 | $125.04 | $282,046 | $289,362 | 57 | 97.47% |
| 85024 | 33 | $133.01 | $264,133 | $271,007 | 54 | 97.46% |
| 85027 | 41 | $112.48 | $170,987 | $175,467 | 48 | 97.45% |
| 85028 | 30 | $169.67 | $393,347 | $412,482 | 75 | 95.36% |
| 85029 | 40 | $100.57 | $163,463 | $166,272 | 78 | 98.31% |
| 85031 | 16 | $59.82 | $91,327 | $91,366 | 29 | 99.96% |
| 85032 | 72 | $129.91 | $218,211 | $224,582 | 76 | 97.16% |
| 85033 | 19 | $77.83 | $105,667 | $105,587 | 91 | 100.08% |
| 85034 | 1 | $33.81 | $40,000 | $69,500 | 49 | 57.55% |
| 85035 | 28 | $81.07 | $112,325 | $115,374 | 49 | 97.36% |
| 85037 | 56 | $87.02 | $131,962 | $132,999 | 44 | 99.22% |
| 85040 | 13 | $82.91 | $119,953 | $121,132 | 62 | 99.03% |
| 85041 | 78 | $81.60 | $154,129 | $157,380 | 68 | 97.93% |
| 85042 | 35 | $99.72 | $185,510 | $188,874 | 49 | 98.22% |
| 85043 | 34 | $85.24 | $154,152 | $158,262 | 62 | 97.40% |
| 85044 | 38 | $144.81 | $271,558 | $278,961 | 89 | 97.35% |
| 85045 | 11 | $151.99 | $388,209 | $398,209 | 74 | 97.49% |
| 85048 | 49 | $147.39 | $342,297 | $351,642 | 87 | 97.34% |
| 85050 | 50 | $163.61 | $328,979 | $337,334 | 52 | 97.52% |
| 85051 | 39 | $82.88 | $136,143 | $137,409 | 65 | 99.08% |
| 85053 | 31 | $101.16 | $171,727 | $174,455 | 51 | 98.44% |
| 85054 | 3 | $181.51 | $369,333 | $379,667 | 45 | 97.28% |
| 85083 | 41 | $129.99 | $311,983 | $318,093 | 72 | 98.08% |
| 85085 | 34 | $127.85 | $340,779 | $348,044 | 80 | 97.91% |
| 85086 | 39 | $138.20 | $352,144 | $362,555 | 103 | 97.13% |
| Scottsdale | 362 | $203.01 | $600,717 | $626,663 | 94 | 95.86% |
| 85250 | 18 | $179.36 | $351,628 | $361,610 | 86 | 97.24% |
| 85251 | 32 | $208.58 | $582,754 | $597,428 | 43 | 97.54% |
| 85254 | 62 | $177.12 | $458,644 | $476,234 | 85 | 96.31% |
| 85255 | 70 | $237.46 | $832,436 | $874,469 | 121 | 95.19% |
| 85257 | 35 | $156.97 | $265,754 | $273,973 | 48 | 97.00% |
| 85258 | 23 | $221.33 | $617,500 | $646,056 | 99 | 95.58% |
| 85259 | 38 | $198.44 | $569,262 | $589,978 | 104 | 96.49% |
| 85260 | 39 | $189.96 | $537,386 | $571,246 | 94 | 94.07% |
| 85262 | 30 | $248.18 | $1,023,571 | $1,069,626 | 143 | 95.69% |
| 85266 | 15 | $200.15 | $598,315 | $616,733 | 100 | 97.01% |
| Tempe | 129 | $139.73 | $291,340 | $299,747 | 63 | 97.20% |
| 85281 | 23 | $149.63 | $234,033 | $241,817 | 46 | 96.78% |
| 85282 | 48 | $125.85 | $235,159 | $243,085 | 66 | 96.74% |
| 85283 | 31 | $134.01 | $225,363 | $230,912 | 48 | 97.60% |
| 85284 | 27 | $162.57 | $515,785 | $528,858 | 87 | 97.53% |
| Grand Total | 3273 | $132.15 | $296,199 | $306,158 | 71 | 96.75% |
*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.
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