October 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 October was $195,000.
- The number of sales in October 2014 was only 24 less than the sales in October 2013
- On average, homes in Phoenix went under contract in 53.46 days of being listed and contracts closed within 43.27 days of acceptance.
- Home prices remain flat with hardly any change in the average price per square foot in the last 9 months.
| City/Zip | # of Sales | Avg Price/SqFt | Avg Sold Price | Average List Price | Avg Days on Market | Ratio of SP to LP |
| Chandler | 283 | $136.14 | $312,861 | $320,777 | 66 | 98% |
| 85224 | 36 | $130.05 | $249,614 | $255,733 | 62 | 98% |
| 85225 | 62 | $130.34 | $219,387 | $223,232 | 46 | 98% |
| 85226 | 34 | $141.37 | $265,617 | $268,708 | 48 | 99% |
| 85248 | 26 | $166.80 | $489,910 | $503,405 | 69 | 97% |
| 85249 | 80 | $131.11 | $360,902 | $370,947 | 85 | 97% |
| 85286 | 45 | $136.29 | $340,240 | $351,839 | 77 | 97% |
| Gilbert | 349 | $125.76 | $276,721 | $282,386 | 82 | 98% |
| 85233 | 41 | $127.19 | $271,776 | $277,690 | 62 | 98% |
| 85234 | 70 | $126.49 | $261,264 | $268,170 | 68 | 97% |
| 85295 | 50 | $119.74 | $254,610 | $259,583 | 73 | 98% |
| 85296 | 69 | $125.10 | $249,906 | $254,351 | 75 | 98% |
| 85297 | 56 | $121.06 | $278,317 | $282,131 | 87 | 99% |
| 85298 | 63 | $133.72 | $342,613 | $350,265 | 120 | 98% |
| Glendale | 250 | $105.64 | $201,201 | $205,176 | 63 | 98% |
| 85301 | 27 | $76.51 | $128,816 | $129,935 | 45 | 99% |
| 85302 | 24 | $99.04 | $157,040 | $157,052 | 58 | 100% |
| 85303 | 26 | $88.97 | $163,265 | $169,365 | 78 | 96% |
| 85304 | 35 | $96.15 | $182,862 | $188,097 | 61 | 97% |
| 85305 | 7 | $99.70 | $237,486 | $238,243 | 75 | 100% |
| 85306 | 23 | $107.68 | $187,130 | $190,761 | 53 | 98% |
| 85307 | 11 | $96.47 | $166,218 | $168,855 | 52 | 98% |
| 85308 | 69 | $123.62 | $257,835 | $263,380 | 69 | 98% |
| 85310 | 28 | $125.88 | $243,675 | $247,991 | 70 | 98% |
| Mesa | 497 | $117.19 | $226,159 | $231,246 | 70 | 98% |
| 85201 | 13 | $111.71 | $182,254 | $188,854 | 77 | 97% |
| 85202 | 26 | $115.81 | $217,402 | $222,069 | 59 | 98% |
| 85203 | 37 | $110.87 | $216,552 | $221,407 | 57 | 98% |
| 85204 | 56 | $109.35 | $184,275 | $186,802 | 71 | 99% |
| 85205 | 50 | $115.00 | $182,186 | $185,862 | 60 | 98% |
| 85206 | 44 | $113.47 | $193,239 | $197,224 | 70 | 98% |
| 85207 | 69 | $134.46 | $331,389 | $342,535 | 91 | 97% |
| 85208 | 40 | $107.69 | $175,820 | $179,272 | 55 | 98% |
| 85209 | 48 | $116.04 | $228,164 | $233,733 | 72 | 98% |
| 85210 | 14 | $112.94 | $180,804 | $186,475 | 85 | 97% |
| 85212 | 47 | $116.63 | $256,646 | $259,719 | 72 | 99% |
| 85213 | 29 | $115.31 | $234,620 | $237,958 | 77 | 99% |
| 85215 | 24 | $135.33 | $257,808 | $263,883 | 63 | 98% |
| Paradise Valley | 28 | $369.76 | $1,851,772 | $1,997,469 | 186 | 93% |
| 85253 | 28 | $369.76 | $1,851,772 | $1,997,469 | 186 | 93% |
| Phoenix | 1189 | $125.96 | $247,298 | $254,304 | 69 | 97% |
| 85003 | 7 | $213.46 | $356,571 | $373,500 | 88 | 95% |
| 85004 | 1 | $201.94 | $395,000 | $399,000 | 135 | 99% |
| 85006 | 11 | $160.63 | $187,632 | $198,009 | 38 | 95% |
| 85007 | 13 | $136.21 | $249,615 | $257,514 | 74 | 97% |
| 85008 | 26 | $113.07 | $166,869 | $170,135 | 44 | 98% |
| 85009 | 21 | $77.65 | $86,374 | $88,095 | 49 | 98% |
| 85012 | 3 | $189.76 | $538,333 | $574,633 | 141 | 94% |
| 85013 | 33 | $165.34 | $329,828 | $342,514 | 58 | 96% |
| 85014 | 17 | $162.08 | $250,085 | $256,171 | 50 | 98% |
| 85015 | 24 | $110.31 | $160,660 | $163,235 | 70 | 98% |
| 85016 | 29 | $191.14 | $410,374 | $426,684 | 95 | 96% |
| 85017 | 19 | $73.46 | $97,947 | $99,421 | 55 | 99% |
| 85018 | 48 | $250.60 | $671,260 | $703,230 | 102 | 95% |
| 85019 | 12 | $68.94 | $106,248 | $108,125 | 71 | 98% |
| 85020 | 32 | $156.92 | $349,597 | $361,546 | 80 | 97% |
| 85021 | 37 | $144.25 | $323,100 | $339,496 | 70 | 95% |
| 85022 | 41 | $131.77 | $279,548 | $287,157 | 67 | 97% |
| 85023 | 35 | $114.90 | $207,797 | $213,736 | 59 | 97% |
| 85024 | 36 | $135.81 | $258,344 | $265,362 | 66 | 97% |
| 85027 | 33 | $110.47 | $187,192 | $189,778 | 55 | 99% |
| 85028 | 42 | $153.85 | $321,699 | $332,360 | 81 | 97% |
| 85029 | 34 | $93.61 | $157,247 | $159,704 | 82 | 98% |
| 85031 | 16 | $66.38 | $96,575 | $92,388 | 46 | 105% |
| 85032 | 78 | $131.63 | $243,473 | $249,864 | 72 | 97% |
| 85033 | 33 | $81.08 | $107,233 | $109,839 | 39 | 98% |
| 85034 | 2 | $48.99 | $41,000 | $39,400 | 57 | 104% |
| 85035 | 31 | $75.65 | $110,008 | $112,197 | 68 | 98% |
| 85037 | 54 | $83.87 | $136,047 | $137,836 | 51 | 99% |
| 85040 | 19 | $77.75 | $106,753 | $108,860 | 47 | 98% |
| 85041 | 64 | $83.15 | $144,596 | $146,052 | 77 | 99% |
| 85042 | 23 | $102.51 | $184,339 | $185,092 | 43 | 100% |
| 85043 | 26 | $93.39 | $145,243 | $146,688 | 50 | 99% |
| 85044 | 38 | $148.74 | $299,153 | $304,582 | 86 | 98% |
| 85045 | 11 | $154.58 | $359,945 | $367,626 | 84 | 98% |
| 85048 | 37 | $147.99 | $362,435 | $369,743 | 68 | 98% |
| 85050 | 52 | $161.64 | $314,076 | $320,884 | 67 | 98% |
| 85051 | 42 | $83.81 | $124,047 | $125,631 | 67 | 99% |
| 85053 | 32 | $103.69 | $174,828 | $179,850 | 69 | 97% |
| 85054 | 1 | $147.47 | $292,000 | $299,900 | 198 | 97% |
| 85083 | 23 | $125.58 | $302,886 | $311,051 | 59 | 97% |
| 85085 | 22 | $128.77 | $329,895 | $338,053 | 84 | 98% |
| 85086 | 30 | $138.63 | $354,427 | $366,140 | 100 | 97% |
| 85087 | 1 | $121.56 | $374,900 | $379,900 | 64 | 99% |
| Scottsdale | 338 | $208.79 | $598,509 | $622,731 | 103 | 96% |
| 85250 | 10 | $213.95 | $479,590 | $493,430 | 68 | 97% |
| 85251 | 12 | $176.30 | $299,958 | $313,208 | 72 | 96% |
| 85254 | 61 | $176.60 | $433,826 | $446,261 | 84 | 97% |
| 85255 | 71 | $247.79 | $829,939 | $864,242 | 111 | 96% |
| 85257 | 26 | $162.45 | $266,767 | $276,296 | 54 | 97% |
| 85258 | 35 | $219.46 | $579,140 | $596,250 | 110 | 97% |
| 85259 | 34 | $199.89 | $663,792 | $696,462 | 121 | 95% |
| 85260 | 47 | $197.68 | $507,243 | $528,365 | 107 | 96% |
| 85262 | 22 | $244.81 | $857,526 | $903,532 | 175 | 95% |
| 85266 | 20 | $228.69 | $801,539 | $838,211 | 97 | 96% |
| Tempe | 94 | $135.29 | $267,693 | $276,345 | 65 | 97% |
| 85281 | 16 | $134.47 | $205,322 | $210,394 | 54 | 98% |
| 85282 | 30 | $121.51 | $227,060 | $235,013 | 62 | 97% |
| 85283 | 30 | $133.72 | $237,843 | $243,427 | 81 | 98% |
| 85284 | 18 | $161.61 | $440,604 | $458,719 | 51 | 96% |
| Grand Total | 3028 | $135.56 | $304,215 | $313,842 | 75 | 97% |
*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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