Tempe Real Estate

Metro Phoenix Real Estate Market Update: 2/2/15 - 2/8/15 Median and Average sold prices for 2/2/15 to 2/8/15: The median sales price for single family homes that sold in Phoenix was $189,900 and the average was $237,679. The median sales price for single family homes that sold in Scottsdale was $421,000 and the average was $730,433. The median sales price for single family homes that sold in Continue Reading

January 2015 Metro Phoenix Real Estate Report Here is our synopsis of key numbers in the market: The median home price that sold in Phoenix in January was $188,750. This is down from $204,450 in December. The number of sales in January 2015 was only 44 less than the sales in January 2014, but 320 less than December 2014. On average, homes in Phoenix went under contract in 66 days of being Continue Reading

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 Continue Reading

The Metro Phoenix real estate market is in limbo. Buyer demand is low and there has not been much new inventory to hit the market. While the number of sales are less than last year's numbers, the market has shifted to more normal with traditional sales comprising a higher percentage of the transaction mix. Investment activity, short sales and foreclosures have declined significantly. Median and Continue Reading