About Tempe Arizona Homes
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Tempe Arizona Homes are found North of Chandler, West of Mesa, and on the South Side of Scottsdale, 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.
June Property sales were 214, down 6.6% from 229 in June of 2017 and 13.4% lower than the 247 sales last month. June 2018 sales were at their lowest level compared to June of 2017 and 2016. June YTD sales of 1,188 are running 0.8% behind last year’s year-to-date sales of 1,197.
The Median Sales Price in June was $289,450, up 9.2% from $265,000 in June of 2017 and down 3.5% from $300,000 last month. The Average Sales Price in June was $309,197, up 8.3% from $285,628 in June of 2017 and down 0.8% from $311,720 last month. June 2018 ASP was at the highest level compared to June of 2017 and 2016.
The Total Inventory of Properties available for sale as of June was 388, up 29.3% from 300 last month and down 3.2% from 401 in June of last year. June 2018 Inventory was at its lowest level compared with June 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 June was 27, equal to 27 days last month and down 12.9% from 31 days in June of last year. The June 2018 DOM was at its lowest level compared with June 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 June 2018 Selling Price per Square Foot of $181 was up 1.7% from $178 last month and up 10.1% from 165 in June 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 June 2018 Selling Price vs Original List Price of 97.4% was down from 98.1% last month and up from 97.1% in June of last year.
Whether you’re thinking about buying or selling, you can contact me directly to discuss your local market. I’d love to be your trusted real estate advisor if you’re looking to make a change this year. Please feel free to contact me with any questions, as I will be happy to hear from you – Thanks!! (480)208-7955
Corey Frederic –
Coldwell Banker Residential Brokerage
Sorry, there are no listings in Tempe, AZ at this time.