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 September was $340,000, up 19.3% from $285,000 in September of 2019 and up 1.5% from $335,000 last month. The average sales price in September was $432,974, up 26.9% from $341,125 in September of 2019 and up 6.2% from $407,796 last month. September 2020 ASP was at highest level compared to September of 2019 and 2018. (see more market report below photos)
We can currently see (1443) Homes available in Phoenix today.
Phoenix Arizona Homes ~ Newest Listings
Phoenix Arizona Homes ~ Monthly Market Report
September property sales were 1,620, up from 1,487 in September of 2019 and 3.3% higher than the 1,569 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 12,940 are running -5.5% behind last year’s year-to-date sales of 13,698.
The total inventory of properties available for sale as of September was 2,062, up 33.5% from 1,545 last month and down -17.1% from 2,487 in September of last year. September 2020 Inventory was at the lowest level compared to September of 2019 and 2018.
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 September was 27, down from 29 days last month and down from 38 days in September of last year. The September 2020 DOM was at its lowest level compared with September of 2019 and 2018.
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 September 2020 selling price per square foot of $209 was up 2.0% from $205 last month and up 17.4% from $178 in September 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 September 2020 selling price vs list price of 99.2% was up from 98.9% last month and up from 97.0% in September 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 🙂