November 2014 Metro Phoenix Real Estate Report
Here is our synopsis of key numbers in the market:
- The median home price that sold in Phoenix in November was $190,000. This is down from $195,000 in October.
- The number of sales in November 2014 was only 14 less than the sales in November 2013, but 233 less than October 2014.
- On average, homes in Phoenix went under contract in 58.75 days of being listed and contracts closed within 38.32 days of acceptance.
- We saw the largest decline in the price per square foot, month over month, in the last three years (since James started tracking data). The average price per square foot in Phoenix was $2.37 less in November 2014 than it was the month prior.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Avg List Price | Avg Days on Market | Ratio of SP to LP |
| Avondale | 84 | $91.13 | $174,284 | $178,202 | 61 | 97.80% |
| 85323 | 37 | $82.49 | $145,343 | $150,008 | 69 | 96.89% |
| 85392 | 47 | $97.94 | $197,067 | $200,398 | 56 | 98.34% |
| Cave Creek | 44 | $165.80 | $429,091 | $446,638 | 100 | 96.07% |
| 85331 | 44 | $165.80 | $429,091 | $446,638 | 100 | 96.07% |
| Chandler | 227 | $134.38 | $274,289 | $281,504 | 66 | 97.44% |
| 85224 | 34 | $127.35 | $223,756 | $229,051 | 50 | 97.69% |
| 85225 | 52 | $121.64 | $202,241 | $207,674 | 54 | 97.38% |
| 85226 | 34 | $141.43 | $234,000 | $238,932 | 65 | 97.94% |
| 85248 | 17 | $162.04 | $332,965 | $342,783 | 86 | 97.14% |
| 85249 | 54 | $133.83 | $352,028 | $362,832 | 85 | 97.02% |
| 85286 | 36 | $140.52 | $319,818 | $326,966 | 64 | 97.81% |
| Gilbert | 331 | $125.80 | $275,671 | $282,153 | 78 | 97.70% |
| 85233 | 42 | $128.63 | $234,714 | $240,133 | 61 | 97.74% |
| 85234 | 56 | $124.63 | $265,106 | $271,265 | 78 | 97.73% |
| 85295 | 55 | $117.82 | $262,294 | $268,078 | 81 | 97.84% |
| 85296 | 53 | $124.67 | $249,751 | $253,541 | 55 | 98.50% |
| 85297 | 61 | $119.77 | $273,458 | $279,296 | 62 | 97.91% |
| 85298 | 64 | $138.49 | $346,861 | $357,769 | 120 | 96.95% |
| Glendale | 212 | $107.00 | $204,331 | $209,618 | 74 | 97.48% |
| 85301 | 20 | $79.86 | $130,040 | $132,905 | 74 | 97.84% |
| 85302 | 42 | $91.91 | $156,123 | $160,018 | 63 | 97.57% |
| 85303 | 21 | $90.09 | $153,304 | $155,028 | 78 | 98.89% |
| 85304 | 17 | $104.22 | $204,350 | $207,497 | 50 | 98.48% |
| 85305 | 12 | $116.60 | $225,450 | $228,925 | 75 | 98.48% |
| 85306 | 15 | $100.84 | $192,900 | $204,303 | 80 | 94.42% |
| 85307 | 3 | $95.98 | $202,000 | $209,633 | 51 | 96.36% |
| 85308 | 60 | $125.55 | $255,289 | $262,224 | 84 | 97.36% |
| 85310 | 22 | $128.66 | $270,209 | $277,414 | 78 | 97.40% |
| Goodyear | 115 | $113.62 | $259,546 | $265,169 | 106 | 97.88% |
| 85338 | 65 | $104.78 | $227,257 | $231,599 | 113 | 98.13% |
| 85395 | 50 | $125.11 | $301,521 | $308,810 | 98 | 97.64% |
| Mesa | 412 | $119.37 | $229,783 | $232,972 | 62 | 98.63% |
| 85201 | 20 | $115.95 | $178,195 | $180,935 | 56 | 98.49% |
| 85202 | 17 | $117.43 | $191,229 | $194,947 | 50 | 98.09% |
| 85203 | 30 | $111.73 | $240,464 | $244,744 | 65 | 98.25% |
| 85204 | 44 | $104.94 | $166,640 | $171,034 | 56 | 97.43% |
| 85205 | 51 | $112.65 | $205,888 | $208,245 | 54 | 98.87% |
| 85206 | 31 | $114.09 | $210,229 | $218,016 | 45 | 96.43% |
| 85207 | 41 | $140.54 | $332,118 | $348,057 | 72 | 95.42% |
| 85208 | 38 | $107.03 | $170,780 | $175,483 | 62 | 97.32% |
| 85209 | 47 | $139.14 | $243,912 | $225,554 | 59 | 108.14% |
| 85210 | 12 | $113.48 | $183,938 | $188,975 | 70 | 97.33% |
| 85212 | 43 | $112.87 | $271,480 | $276,239 | 78 | 98.28% |
| 85213 | 20 | $119.53 | $277,860 | $281,345 | 62 | 98.76% |
| 85215 | 18 | $145.74 | $293,556 | $305,128 | 87 | 96.21% |
| Paradise Valley | 21 | $398.57 | $1,802,614 | $1,879,843 | 180 | 95.89% |
| 85253 | 21 | $398.57 | $1,802,614 | $1,879,843 | 180 | 95.89% |
| Peoria | 172 | $115.93 | $249,072 | $256,840 | 75 | 96.98% |
| 85345 | 55 | $96.76 | $155,749 | $160,036 | 55 | 97.32% |
| 85381 | 21 | $110.24 | $219,314 | $222,778 | 102 | 98.45% |
| 85382 | 41 | $121.32 | $223,578 | $229,144 | 55 | 97.57% |
| 85383 | 55 | $133.25 | $372,761 | $387,295 | 101 | 96.25% |
| Phoenix | 956 | $123.59 | $248,228 | $256,873 | 72 | 96.63% |
| 85003 | 6 | $242.78 | $478,583 | $495,917 | 46 | 96.50% |
| 85006 | 11 | $131.04 | $168,668 | $168,386 | 43 | 100.17% |
| 85007 | 11 | $150.36 | $217,636 | $225,745 | 56 | 96.41% |
| 85008 | 24 | $110.88 | $163,792 | $170,842 | 88 | 95.87% |
| 85009 | 13 | $67.11 | $78,146 | $81,350 | 42 | 96.06% |
| 85012 | 7 | $166.21 | $480,571 | $523,986 | 110 | 91.71% |
| 85013 | 22 | $161.40 | $346,674 | $358,545 | 101 | 96.69% |
| 85014 | 8 | $177.73 | $281,925 | $287,275 | 85 | 98.14% |
| 85015 | 28 | $112.69 | $169,437 | $172,632 | 82 | 98.15% |
| 85016 | 31 | $200.87 | $456,663 | $489,606 | 75 | 93.27% |
| 85017 | 26 | $69.47 | $92,138 | $93,281 | 70 | 98.77% |
| 85018 | 34 | $234.77 | $691,338 | $731,344 | 75 | 94.53% |
| 85019 | 19 | $81.42 | $120,668 | $121,032 | 45 | 99.70% |
| 85020 | 17 | $160.50 | $323,938 | $342,431 | 90 | 94.60% |
| 85021 | 20 | $136.46 | $291,137 | $299,145 | 87 | 97.32% |
| 85022 | 39 | $128.60 | $244,839 | $250,749 | 78 | 97.64% |
| 85023 | 25 | $114.66 | $212,288 | $217,061 | 54 | 97.80% |
| 85024 | 27 | $138.25 | $255,107 | $258,941 | 54 | 98.52% |
| 85027 | 32 | $118.66 | $175,720 | $179,681 | 39 | 97.80% |
| 85028 | 19 | $155.65 | $336,957 | $344,184 | 74 | 97.90% |
| 85029 | 25 | $99.09 | $174,028 | $181,404 | 73 | 95.93% |
| 85031 | 11 | $64.86 | $113,582 | $119,291 | 49 | 95.21% |
| 85032 | 59 | $136.20 | $248,040 | $254,703 | 90 | 97.38% |
| 85033 | 25 | $76.95 | $108,736 | $110,372 | 59 | 98.52% |
| 85035 | 20 | $76.77 | $105,002 | $105,932 | 61 | 99.12% |
| 85037 | 48 | $86.56 | $133,535 | $136,466 | 57 | 97.85% |
| 85040 | 17 | $79.24 | $111,596 | $114,479 | 69 | 97.48% |
| 85041 | 46 | $82.99 | $156,199 | $158,287 | 74 | 98.68% |
| 85042 | 41 | $107.13 | $185,382 | $189,474 | 75 | 97.84% |
| 85043 | 22 | $80.65 | $149,829 | $154,186 | 44 | 97.17% |
| 85044 | 30 | $147.18 | $294,398 | $302,800 | 71 | 97.23% |
| 85045 | 9 | $140.17 | $323,333 | $329,539 | 74 | 98.12% |
| 85048 | 26 | $145.81 | $364,304 | $374,623 | 72 | 97.25% |
| 85050 | 33 | $151.90 | $353,567 | $363,185 | 105 | 97.35% |
| 85051 | 30 | $86.68 | $150,530 | $153,276 | 85 | 98.21% |
| 85053 | 25 | $104.57 | $180,829 | $183,105 | 62 | 98.76% |
| 85054 | 2 | $185.44 | $379,750 | $386,950 | 111 | 98.14% |
| 85083 | 27 | $131.24 | $356,289 | $363,007 | 72 | 98.15% |
| 85085 | 18 | $140.14 | $373,501 | $385,609 | 75 | 96.86% |
| 85086 | 23 | $131.71 | $405,937 | $443,363 | 100 | 91.56% |
| Scottsdale | 261 | $205.36 | $633,345 | $661,127 | 107 | 95.80% |
| 85250 | 18 | $187.49 | $440,883 | $458,775 | 90 | 96.10% |
| 85251 | 18 | $198.45 | $391,083 | $406,511 | 81 | 96.20% |
| 85254 | 46 | $171.32 | $390,078 | $404,567 | 92 | 96.42% |
| 85255 | 48 | $244.12 | $926,070 | $956,104 | 128 | 96.86% |
| 85257 | 26 | $153.32 | $258,018 | $266,062 | 71 | 96.98% |
| 85258 | 13 | $231.01 | $562,731 | $585,304 | 81 | 96.14% |
| 85259 | 21 | $223.09 | $813,576 | $856,105 | 115 | 95.03% |
| 85260 | 28 | $193.24 | $582,456 | $598,614 | 97 | 97.30% |
| 85262 | 24 | $245.64 | $992,582 | $1,069,379 | 153 | 92.82% |
| 85266 | 19 | $214.43 | $878,568 | $923,421 | 144 | 95.14% |
| Tempe | 67 | $139.52 | $266,171 | $273,436 | 64 | 97.34% |
| 85281 | 14 | $142.69 | $210,401 | $216,363 | 62 | 97.24% |
| 85282 | 27 | $132.00 | $210,425 | $215,189 | 69 | 97.79% |
| 85283 | 14 | $137.69 | $237,786 | $242,936 | 57 | 97.88% |
| 85284 | 12 | $154.88 | $489,783 | $506,661 | 64 | 96.67% |
| Grand Total | 2902 | $131.45 | $294,971 | $304,249 | 76 | 96.95% |
*The data analyzed is from the Arizona Regional Multiple Listing Service (ARMLS) for Avondale, Cave Creek, Chandler, Gilbert, Glendale, Goodyear, Mesa, Paradise Valley, Peoria, Phoenix, Scottsdale and Tempe, Arizona.
Joe Janus & James Plotnik, real estate agents and Realtors® specializing in the buying and selling of Distinctive Arizona Homes in Metro Phoenix, Scottsdale and Paradise Valley, Arizona.
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