As we enter the holiday season our Metro Phoenix Real Estate Market Update is, well, uninspiring. This is when the housing market in Metro Phoenix tends to usually slow down, and this year is no different. The latest economists’ reports indicate that home sales will remain sluggish through the remainder of 2014 and will hopefully pick up in the early part of 2015. Our data analysis is inline with that assertion.
Median and Average sold prices for 11/10/14 to 11/16/14:
- The median sales price for single family homes that sold in Phoenix was $194,000 and the average was $253,389.
- The median sales price for single family homes that sold in Scottsdale was $450,000 and the average was $627,772.
- The median sales price for single family homes that sold in Paradise Valley was $1,310,000 and the average was $1,702,522.
The below graphs, tables and analysis provide a Metro Phoenix Real Estate Market Update for single family home sales in Phoenix, Scottsdale, Paradise Valley, Chandler, Gilbert, Glendale, Mesa and Tempe AZ during the week of 11/10/14 to 11/16/14. This data can give you insight into your home’s value or where you may want to concentrate your home search if you are looking to buy a home in Metro Phoenix. It helps you identify average home values, average price per square foot and how long, on average, homes are taking to sell by zip code in Metro Phoenix, AZ.
The table at the bottom of this post breaks down the single family home sales that occurred between 11/10/14 – 11/16/14 by zip code.
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) 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.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market | Ratio of SP to LP |
| Chandler | 58 | $131.50 | $278,549 | $286,154 | 60 | 97.34% |
| 85224 | 5 | $129.27 | $226,158 | $227,798 | 38 | 99.28% |
| 85225 | 15 | $106.69 | $200,263 | $208,900 | 57 | 95.87% |
| 85226 | 9 | $131.85 | $214,700 | $218,400 | 50 | 98.31% |
| 85248 | 3 | $184.28 | $315,333 | $328,967 | 121 | 95.86% |
| 85249 | 17 | $137.68 | $379,185 | $388,632 | 73 | 97.57% |
| 85286 | 9 | $144.49 | $299,628 | $307,243 | 42 | 97.52% |
| Gilbert | 74 | $124.30 | $262,835 | $268,316 | 57 | 97.96% |
| 85233 | 8 | $129.25 | $255,691 | $260,938 | 57 | 97.99% |
| 85234 | 14 | $123.59 | $228,355 | $232,668 | 56 | 98.15% |
| 85295 | 17 | $119.51 | $247,165 | $251,371 | 64 | 98.33% |
| 85296 | 13 | $125.96 | $255,492 | $258,431 | 29 | 98.86% |
| 85297 | 10 | $122.03 | $270,180 | $276,510 | 45 | 97.71% |
| 85298 | 12 | $128.70 | $331,859 | $342,714 | 89 | 96.83% |
| Glendale | 50 | $106.12 | $211,484 | $217,340 | 84 | 97.31% |
| 85301 | 5 | $78.61 | $142,240 | $144,560 | 76 | 98.40% |
| 85302 | 8 | $86.81 | $152,100 | $153,975 | 46 | 98.78% |
| 85303 | 6 | $94.44 | $162,980 | $164,967 | 95 | 98.80% |
| 85304 | 2 | $106.77 | $240,000 | $253,725 | 60 | 94.59% |
| 85305 | 4 | $115.41 | $282,500 | $287,000 | 11 | 98.43% |
| 85306 | 5 | $106.23 | $172,520 | $184,880 | 56 | 93.31% |
| 85307 | 1 | $109.74 | $293,000 | $320,000 | 143 | 91.56% |
| 85308 | 13 | $112.98 | $238,747 | $245,843 | 151 | 97.11% |
| 85310 | 6 | $144.55 | $299,833 | $304,467 | 51 | 98.48% |
| Mesa | 106 | $116.30 | $215,764 | $221,436 | 62 | 97.44% |
| 85201 | 6 | $116.35 | $164,917 | $168,133 | 121 | 98.09% |
| 85202 | 2 | $119.37 | $165,500 | $163,950 | 5 | 100.95% |
| 85203 | 11 | $123.96 | $266,153 | $269,619 | 59 | 98.71% |
| 85204 | 11 | $100.92 | $177,173 | $181,927 | 60 | 97.39% |
| 85205 | 11 | $103.25 | $163,018 | $164,345 | 48 | 99.19% |
| 85206 | 7 | $125.06 | $192,843 | $204,986 | 63 | 94.08% |
| 85207 | 9 | $138.92 | $351,822 | $374,192 | 44 | 94.02% |
| 85208 | 12 | $107.98 | $159,900 | $162,804 | 69 | 98.22% |
| 85209 | 13 | $113.01 | $200,677 | $203,331 | 64 | 98.69% |
| 85210 | 4 | $118.23 | $233,313 | $242,450 | 37 | 96.23% |
| 85212 | 7 | $109.95 | $261,595 | $264,821 | 93 | 98.78% |
| 85213 | 5 | $113.03 | $275,180 | $276,340 | 50 | 99.58% |
| 85215 | 8 | $135.42 | $212,063 | $219,488 | 56 | 96.62% |
| Paradise Valley | 6 | $366.89 | $1,702,522 | $1,822,333 | 175 | 93.43% |
| 85253 | 6 | $366.89 | $1,702,522 | $1,822,333 | 175 | 93.43% |
| Phoenix | 270 | $125.03 | $253,389 | $263,201 | 76 | 96.27% |
| 85003 | 1 | $253.36 | $376,500 | $399,000 | 6 | 94.36% |
| 85006 | 3 | $168.03 | $160,608 | $157,800 | 28 | 101.78% |
| 85007 | 3 | $151.63 | $253,000 | $261,833 | 45 | 96.63% |
| 85008 | 7 | $110.21 | $139,100 | $143,186 | 180 | 97.15% |
| 85009 | 2 | $85.71 | $107,000 | $118,000 | 70 | 90.68% |
| 85012 | 2 | $185.40 | $788,000 | $917,200 | 191 | 85.91% |
| 85013 | 6 | $184.21 | $546,500 | $568,817 | 137 | 96.08% |
| 85014 | 4 | $163.63 | $233,350 | $235,350 | 87 | 99.15% |
| 85015 | 8 | $115.85 | $172,300 | $175,012 | 95 | 98.45% |
| 85016 | 11 | $190.67 | $391,841 | $428,391 | 72 | 91.47% |
| 85017 | 10 | $70.50 | $83,160 | $83,675 | 77 | 99.38% |
| 85018 | 8 | $239.05 | $692,938 | $750,300 | 80 | 92.35% |
| 85019 | 11 | $78.71 | $127,400 | $127,464 | 55 | 99.95% |
| 85020 | 2 | $280.17 | $625,000 | $669,000 | 258 | 93.42% |
| 85021 | 4 | $153.70 | $348,684 | $365,913 | 74 | 95.29% |
| 85022 | 13 | $129.00 | $241,310 | $249,100 | 96 | 96.87% |
| 85023 | 8 | $113.92 | $175,225 | $179,650 | 23 | 97.54% |
| 85024 | 8 | $141.24 | $259,738 | $261,188 | 51 | 99.44% |
| 85027 | 8 | $119.91 | $185,113 | $188,263 | 35 | 98.33% |
| 85028 | 8 | $144.92 | $317,500 | $325,863 | 78 | 97.43% |
| 85029 | 8 | $102.17 | $158,988 | $162,838 | 66 | 97.64% |
| 85031 | 3 | $58.91 | $132,300 | $134,300 | 25 | 98.51% |
| 85032 | 20 | $140.15 | $278,970 | $284,026 | 83 | 98.22% |
| 85033 | 8 | $82.86 | $127,875 | $130,586 | 56 | 97.92% |
| 85035 | 6 | $75.28 | $100,317 | $102,283 | 51 | 98.08% |
| 85037 | 13 | $90.23 | $121,046 | $123,954 | 43 | 97.65% |
| 85040 | 4 | $87.26 | $117,600 | $117,813 | 37 | 99.82% |
| 85041 | 9 | $87.93 | $152,533 | $153,978 | 106 | 99.06% |
| 85042 | 6 | $117.01 | $244,567 | $249,017 | 95 | 98.21% |
| 85043 | 11 | $76.45 | $142,294 | $149,162 | 40 | 95.40% |
| 85044 | 9 | $142.08 | $263,625 | $267,200 | 85 | 98.66% |
| 85045 | 1 | $111.25 | $254,000 | $254,900 | 84 | 99.65% |
| 85048 | 6 | $147.42 | $453,667 | $475,217 | 112 | 95.47% |
| 85050 | 7 | $147.51 | $300,229 | $305,357 | 50 | 98.32% |
| 85051 | 8 | $82.74 | $154,787 | $159,536 | 100 | 97.02% |
| 85053 | 4 | $113.60 | $203,625 | $212,225 | 85 | 95.95% |
| 85054 | 3 | $188.02 | $536,500 | $584,300 | 91 | 91.82% |
| 85083 | 8 | $124.60 | $346,313 | $352,275 | 72 | 98.31% |
| 85085 | 3 | $160.79 | $403,559 | $404,892 | 20 | 99.67% |
| 85086 | 6 | $119.85 | $442,983 | $456,442 | 124 | 97.05% |
| Scottsdale | 81 | $209.37 | $627,772 | $652,491 | 110 | 96.21% |
| 85250 | 8 | $186.42 | $375,313 | $389,800 | 52 | 96.28% |
| 85251 | 6 | $189.39 | $343,567 | $353,450 | 101 | 97.20% |
| 85254 | 14 | $158.10 | $410,179 | $427,700 | 93 | 95.90% |
| 85255 | 15 | $253.09 | $850,027 | $886,253 | 140 | 95.91% |
| 85257 | 4 | $155.61 | $237,500 | $256,225 | 71 | 92.69% |
| 85258 | 3 | $220.06 | $462,333 | $481,000 | 83 | 96.12% |
| 85259 | 10 | $229.40 | $869,610 | $910,180 | 94 | 95.54% |
| 85260 | 8 | $214.18 | $605,922 | $594,600 | 88 | 101.90% |
| 85262 | 6 | $247.79 | $882,475 | $935,000 | 234 | 94.38% |
| 85266 | 7 | $220.64 | $873,914 | $913,514 | 127 | 95.67% |
| Tempe | 16 | $145.02 | $331,448 | $345,493 | 113 | 95.93% |
| 85281 | 5 | $136.23 | $219,580 | $224,258 | 119 | 97.91% |
| 85282 | 7 | $138.72 | $216,337 | $227,129 | 122 | 95.25% |
| 85283 | 1 | $178.70 | $193,000 | $193,000 | 16 | 100.00% |
| 85284 | 3 | $163.15 | $832,633 | $874,567 | 114 | 95.21% |
| Grand Total | 661 | $135.70 | $308,372 | $319,470 | 77 | 96.53% |
Leave a Reply