Surprise Arizona Homes
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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.
Our Median Sales Price in July was $300,000, up 13.2% from $265,000 in July of 2019 and up 3.4% from $290,000 last month. The average sales price in July was $314,304, up 9.9% from $285,969 in July of 2019 and up 1.1% from $310,990 last month. July 2020 ASP was at highest level compared to July of 2019 and 2018.
We can currently see (291) homes available in Surprise today. (inventory is falling)
Surprise Arizona Homes ~ Newest Listings
Surprise Arizona Homes – Monthly Market Report
Our July property sales were 430, up from 363 in July of 2019 and 18.8% higher than the 362 sales last month. July 2020 sales were at their highest level compared to July of 2019 and 2018. July YTD sales of 2,319 are running -3.8% behind last year’s year-to-date sales of 2,410.
The total inventory of properties available for sale as of July was 352, up 26.2% from 279 last month and down -23.1% from 458 in July of last year. July 2020 Inventory was at the lowest level compared to July 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 July was 33, down from 36 days last month and down from 38 days in July of last year. The July 2020 DOM was at its lowest level compared with July 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 July 2020 selling price per square foot of $161 was up 3.9% from $155 last month and up 13.4% from $142 in July 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 July 2020 selling price vs list price of 99.0% was up from 98.7% last month and up from 98.0% in July 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 Paradise Valley Homes 🙂