About Surprise Arizona Homes
Beautiful Surprise Arizona Homes are found in the North West area and are on the West side of Phoenix, Arizona. Your Search Results will appear below showing the “Newest Listings” first. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (635) homes available in Surprise today.
August Property sales were 319, down 5.6% from 338 in August of 2017 and 3.9% lower than the 332 sales last month. August 2018 sales were at their lowest level compared to August of 2017 and 2016. August YTD sales of 2,687 are running 0.2% behind last year’s year-to-date sales of 2,692.
The Median Sales Price in August was $249,900, up 8.7% from $230,000 in August of 2017 and down 1.4% from $253,500 last month. The Average Sales Price in August was $264,872, up 8.3% from $244,469 in August of 2017 and down 0.9% from $267,353 last month. August 2018 ASP was at the highest level compared to August of 2017 and 2016.
The Total Inventory of Properties available for sale as of August was 660, up 19.8% from 551 last month and up 13.6% from 581 in August of last year. August 2018 Inventory was at its highest level compared with August of 2017 and 2016.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for August was 40, up 14.3% from 35 days last month and equal to 40 days in August of last year. The August 2018 DOM was at its lowest level compared with August of 2017 and 2016.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The August 2018 Selling Price per Square Foot of $136 was up 0.3% from $136 last month and up 10.3% from 123 in August of last year.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The August 2018 Selling Price vs Original List Price of 97.5% was down from 98.0% last month and down from 97.8% in August of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955
Corey Frederic –
Coldwell Banker Residential Brokerage