Here is our synopsis of key numbers in the market:
- Compared to July of 2013, the number of homes sold in Metro Phoenix* was down 250 homes.
- On average, homes in Phoenix went under contract in 56 days of being listed and contracts closed within 42 days of acceptance.
- There was an ever so slight downtick of 43 cents in the average price per square foot since last month. This demonstrates that appreciation is leveling off and we won’t be seeing double-digit gains this year. In fact, experts predict prices will increase approximately 3% in 2014.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market | Ratio of Sold to LP |
| Chandler | 338 | $133.05 | $292,737 | $300,315 | 64 | 97.48% |
| 85224 | 38 | $123.98 | $234,053 | $239,304 | 48 | 97.81% |
| 85225 | 79 | $125.00 | $204,196 | $208,158 | 58 | 98.10% |
| 85226 | 56 | $139.43 | $261,383 | $265,677 | 47 | 98.38% |
| 85248 | 26 | $154.53 | $443,911 | $459,131 | 69 | 96.69% |
| 85249 | 70 | $133.14 | $348,409 | $359,591 | 82 | 96.89% |
| 85286 | 69 | $133.89 | $338,431 | $347,562 | 74 | 97.37% |
| Gilbert | 463 | $127.47 | $279,510 | $285,048 | 66 | 98.06% |
| 85233 | 64 | $127.42 | $251,582 | $257,100 | 56 | 97.85% |
| 85234 | 92 | $125.93 | $270,242 | $276,282 | 60 | 97.81% |
| 85295 | 91 | $124.88 | $279,926 | $285,008 | 62 | 98.22% |
| 85296 | 80 | $126.18 | $249,783 | $254,078 | 67 | 98.31% |
| 85297 | 66 | $126.05 | $283,089 | $288,683 | 61 | 98.06% |
| 85298 | 70 | $135.66 | $347,283 | $354,141 | 93 | 98.06% |
| Glendale | 316 | $106.09 | $199,336 | $203,828 | 64 | 97.80% |
| 85301 | 32 | $74.17 | $115,195 | $118,042 | 58 | 97.59% |
| 85302 | 36 | $91.57 | $153,393 | $159,838 | 52 | 95.97% |
| 85303 | 30 | $90.98 | $158,048 | $161,629 | 56 | 97.78% |
| 85304 | 40 | $101.89 | $179,289 | $182,422 | 68 | 98.28% |
| 85305 | 11 | $100.12 | $189,363 | $193,227 | 49 | 98.00% |
| 85306 | 26 | $98.62 | $169,940 | $172,904 | 71 | 98.29% |
| 85307 | 2 | $88.94 | $144,000 | $147,450 | 63 | 97.66% |
| 85308 | 102 | $122.53 | $245,903 | $251,099 | 65 | 97.93% |
| 85310 | 37 | $127.23 | $270,197 | $275,789 | 78 | 97.97% |
| Mesa | 510 | $114.15 | $229,817 | $235,243 | 66 | 97.69% |
| 85201 | 24 | $101.69 | $170,258 | $172,583 | 48 | 98.65% |
| 85202 | 25 | $114.02 | $200,150 | $204,076 | 53 | 98.08% |
| 85203 | 37 | $108.18 | $208,039 | $211,889 | 60 | 98.18% |
| 85204 | 49 | $104.37 | $165,628 | $167,132 | 49 | 99.10% |
| 85205 | 46 | $113.73 | $227,423 | $231,572 | 73 | 98.21% |
| 85206 | 37 | $112.87 | $200,523 | $206,437 | 54 | 97.14% |
| 85207 | 57 | $133.95 | $299,494 | $312,637 | 71 | 95.80% |
| 85208 | 51 | $105.52 | $181,921 | $186,492 | 69 | 97.55% |
| 85209 | 47 | $114.07 | $234,564 | $240,982 | 80 | 97.34% |
| 85210 | 18 | $103.88 | $181,486 | $186,011 | 56 | 97.57% |
| 85212 | 54 | $110.51 | $264,738 | $267,906 | 79 | 98.82% |
| 85213 | 42 | $122.63 | $311,629 | $319,481 | 74 | 97.54% |
| 85215 | 23 | $131.44 | $278,180 | $283,454 | 75 | 98.14% |
| Paradise Valley | 40 | $297.34 | $1,414,586 | $1,531,176 | 167 | 92.39% |
| 85253 | 40 | $297.34 | $1,414,586 | $1,531,176 | 167 | 92.39% |
| Phoenix | 1314 | $123.02 | $241,207 | $248,323 | 71 | 97.13% |
| 85003 | 4 | $123.46 | $209,213 | $219,450 | 82 | 95.33% |
| 85004 | 1 | $208.50 | $339,025 | $329,000 | 76 | 103.05% |
| 85006 | 22 | $128.79 | $148,782 | $152,309 | 37 | 97.68% |
| 85007 | 15 | $144.36 | $258,287 | $263,400 | 80 | 98.06% |
| 85008 | 26 | $115.93 | $173,796 | $178,508 | 90 | 97.36% |
| 85009 | 16 | $58.61 | $63,930 | $65,036 | 56 | 98.30% |
| 85012 | 6 | $196.87 | $518,917 | $533,500 | 42 | 97.27% |
| 85013 | 24 | $163.62 | $344,375 | $364,883 | 63 | 94.38% |
| 85014 | 21 | $146.51 | $234,677 | $241,290 | 76 | 97.26% |
| 85015 | 26 | $117.35 | $157,027 | $165,492 | 68 | 94.88% |
| 85016 | 35 | $171.13 | $313,029 | $327,861 | 77 | 95.48% |
| 85017 | 25 | $76.63 | $107,722 | $109,384 | 59 | 98.48% |
| 85018 | 50 | $240.80 | $625,424 | $651,738 | 95 | 95.96% |
| 85019 | 30 | $74.02 | $114,518 | $116,246 | 42 | 98.51% |
| 85020 | 28 | $167.49 | $406,824 | $419,613 | 91 | 96.95% |
| 85021 | 33 | $132.48 | $299,644 | $315,423 | 109 | 95.00% |
| 85022 | 47 | $131.03 | $300,226 | $311,289 | 81 | 96.45% |
| 85023 | 36 | $115.27 | $222,040 | $229,706 | 68 | 96.66% |
| 85024 | 49 | $137.58 | $243,123 | $248,797 | 70 | 97.72% |
| 85027 | 40 | $113.29 | $181,413 | $184,085 | 43 | 98.55% |
| 85028 | 26 | $154.71 | $332,401 | $345,200 | 111 | 96.29% |
| 85029 | 50 | $95.34 | $161,123 | $163,089 | 65 | 98.79% |
| 85031 | 13 | $75.01 | $105,446 | $106,969 | 54 | 98.58% |
| 85032 | 70 | $132.09 | $213,816 | $219,615 | 65 | 97.36% |
| 85033 | 39 | $79.55 | $111,286 | $111,856 | 51 | 99.49% |
| 85034 | 2 | $66.00 | $62,451 | $66,900 | 48 | 93.35% |
| 85035 | 25 | $75.98 | $101,075 | $101,570 | 55 | 99.51% |
| 85037 | 54 | $84.59 | $134,827 | $137,916 | 53 | 97.76% |
| 85040 | 32 | $82.81 | $135,525 | $138,269 | 64 | 98.02% |
| 85041 | 65 | $79.16 | $153,256 | $156,855 | 77 | 97.71% |
| 85042 | 32 | $102.47 | $186,100 | $193,665 | 66 | 96.09% |
| 85043 | 35 | $83.87 | $145,396 | $146,596 | 56 | 99.18% |
| 85044 | 55 | $145.96 | $282,705 | $287,934 | 66 | 98.18% |
| 85045 | 23 | $144.63 | $410,641 | $422,683 | 135 | 97.15% |
| 85048 | 45 | $146.92 | $326,766 | $332,484 | 73 | 98.28% |
| 85050 | 47 | $164.48 | $349,126 | $358,033 | 71 | 97.51% |
| 85051 | 36 | $85.45 | $133,467 | $136,241 | 76 | 97.96% |
| 85053 | 28 | $95.81 | $160,164 | $165,163 | 71 | 96.97% |
| 85054 | 5 | $206.07 | $443,400 | $457,200 | 105 | 96.98% |
| 85083 | 35 | $124.72 | $316,612 | $325,962 | 81 | 97.13% |
| 85085 | 38 | $128.48 | $335,658 | $343,801 | 70 | 97.63% |
| 85086 | 25 | $134.71 | $307,256 | $316,848 | 73 | 96.97% |
| Scottsdale | 395 | $203.74 | $578,139 | $599,949 | 98 | 96.36% |
| 85250 | 15 | $169.18 | $386,623 | $412,546 | 104 | 93.72% |
| 85251 | 32 | $195.58 | $408,002 | $423,359 | 61 | 96.37% |
| 85254 | 65 | $177.15 | $411,463 | $425,209 | 82 | 96.77% |
| 85255 | 74 | $237.47 | $786,778 | $812,658 | 99 | 96.82% |
| 85257 | 33 | $157.54 | $251,186 | $258,883 | 63 | 97.03% |
| 85258 | 37 | $220.07 | $595,103 | $611,527 | 114 | 97.31% |
| 85259 | 38 | $196.28 | $609,350 | $637,118 | 123 | 95.64% |
| 85260 | 49 | $201.10 | $546,999 | $571,272 | 96 | 95.75% |
| 85262 | 31 | $239.40 | $943,064 | $982,450 | 146 | 95.99% |
| 85266 | 21 | $215.19 | $716,262 | $744,783 | 117 | 96.17% |
| Tempe | 127 | $136.15 | $263,407 | $270,259 | 72 | 97.46% |
| 85281 | 22 | $134.68 | $213,873 | $220,205 | 56 | 97.12% |
| 85282 | 38 | $125.32 | $231,081 | $237,739 | 66 | 97.20% |
| 85283 | 40 | $133.95 | $247,815 | $252,899 | 73 | 97.99% |
| 85284 | 27 | $155.87 | $372,365 | $382,530 | 95 | 97.34% |
| Grand Total | 3503 | $133.34 | $298,002 | $307,369 | 73 | 96.95% |
*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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