Phoenix Arizona Homes
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Beautiful Phoenix Arizona Homes are easy to find with this powerful Map Search below. Your Search Results will appear below showing the “Newest Listings” first.
Our Median Sales Price in August was $410,000, up 22.4% from $335,000 in August of 2020 and down -1.2% from $415,044 last month. The average sales price in August was $508,137, up 24.5% from $407,990 in August of 2020 and up 1.1% from $502,503 last month. August 2021 ASP was at highest level compared to August of 2020 and 2019. (see more market report below photos)
We can currently see (1289) Homes available in Phoenix today.
Phoenix Arizona Homes ~ Newest Listings
Phoenix Arizona Homes ~ Monthly Market Report
August property sales were 1,461, down from 1,566 in August of 2020 and -4.9% lower than the 1,537 sales last month. August 2021 sales were at their lowest level compared to August of 2020 and 2019. August YTD sales of 12,227 are running 8.0% ahead of last year’s year-to-date sales of 11,318.
The total inventory of properties available for sale as of August was 1,734, up 14.2% from 1,519 last month and up 14.3% from 1,517 in August of last year. August 2021 Inventory was at a mid range compared to August of 2020 and 2019.
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 17, up from 16 days last month and down from 29 days in August of last year. The August 2021 DOM was at its lowest level compared with August of 2020 and 2019.
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 2021 selling price per square foot of $262 was up 0.4% from $261 last month and up 27.8% from $205 in August of last year.
Selling Price (vs) Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their 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 2021 selling price vs list price of 101.5% was down from 102.4% last month and up from 99.0% 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 – We are located next to Paradise Valley (See Map Here) ~ You can also find us at Scottsdale Homes 🙂