There are currently 3,741 Phoenix homes for sale, 2,551 in Scottsdale and 401 in Paradise Valley. The 3,741 homes for sale in Phoenix have been on the market an average of 83 days and the median list price is $299,900 while the weighted average price per square foot is $190.90. Metro Phoenix area home sales activity during January 23rd to January 29th, 2017: Phoenix: The median sales price Continue Reading
Market Statistics
What is Happening in the Phoenix Real Estate Market?
[youtube id="V4A1yLCT_Qs?rel=0"] Curious about what is going on in the Phoenix real estate market? This post and video will give you some insight! Here at The Joe Janus Real Estate we are paid subscribers of the Cromford Report and utilize it to stay on top of the Phoenix real estate market. Why do you ask? Simple really, Michael Orr. He is the Director of the Center for Real Estate Theory and Continue Reading
September 2015 Metro Phoenix Area Real Estate Report
Here is a rundown of the key stats in the Phoenix real estate market for September 2015 (we only look at single family home sales): There is 3 months of inventory in Phoenix as a whole. However, the million dollar plus club is currently running with 19.88 months of inventory. The median home price that sold in Phoenix in September was $214,000; up from $213,000 in August. A total of 1,345 home Continue Reading
August 2015 Metro Phoenix Area Real Estate Report
The housing market in Phoenix, AZ has been great this summer! Home prices and number of home sales are up while the average days on market is down in August this year as compared to August 2014. Here is a rundown of the key stats in the Phoenix real estate market for August 2015 (we only looked at single family home sales): The median home price that sold in Phoenix in August was $213,000; this Continue Reading
July 2015 Metro Phoenix Area Real Estate Report
It is typical for the number of home sales to dip during the hot summer months in Phoenix. This is considered our "off season". While other parts of the country slow down in the winter because of the cold, snowy weather, we slow down in the summer because people aren't out and about looking for homes and sweating in the hot summer heat. Across the range of home prices you see a decline in the Continue Reading
June 2015 Metro Phoenix Area Real Estate Report
There has been a lot of buzz and activity in the Phoenix real estate market recently. Millennials and boomerang buyers have started buying. A metric we can use to gauge if we are in a seller's or buyer's market is absorption rate*. The absorption rate is the rate at which homes are being sold in an area. The higher the absorption rate, the quicker homes are selling. Absorption rates above 20% are Continue Reading
