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Swee Ng
Phoenix East Valley Housing Market Update May 2014
Last updated on June 3, 2014May 2014 Real Estate Market Highlight:
- Active Listing (Inventory) has increased slightly in Chandler and Gilbert compare to April 2014
- Median Sold Price has increased slightly in Ahwatukee, Chandler, Gilbert and Mesa from April 2014
- Overall Number of Homes Sold is increased
- Overall DOM (Days on Market) has increased compare to May 2013
- Observation: Leading towards Buyer's Market
- Buyer has more negotiation power to buy
- Seller has to price competitively to sell
Ahwatukee, Chandler, Gilbert, Mesa & Tempe
Median Sold Price (May 2013 - May 2014)
May 2014 Market Update & Statistics
| Ahwatukee | Chandler | Gilbert | Mesa | Tempe | |
| New | 162 | 569 | 652 | 726 | 155 |
| Pending | 71 | 243 | 346 | 424 | 93 |
| Sold | 126 | 338 | 435 | 566 | 132 |
| Current Active | 472 | 1182 | 1547 | 1693 | 355 |
| Median Sold Price compare to last month | +6.5% | +4.7% | +0.7% | +4.1% | -0.4% |
As 6/2/14. source armls. Information is deemed to be reliable, but is not guaranteed.
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