12:03 PM
Swee Ng
Phoenix East Valley June 2014 Housing Market Update
Posted on July 2, 2014June 2014 Real Estate Market Highlight:
- Active Listing (Inventory) has increased almost double compare to June 2013
- Median Sold Price has increased slightly in Gilbert, Mesa and Tempe from compare to May 2014
- Overall Number of Homes Sold is decreased, except Tempe
- Overall DOM (Days on Market) has increased compare to June 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 (June 2013 - June 2014)
June 2014 Market Update & Statistics
| Ahwatukee | Chandler | Gilbert | Mesa | Tempe | |
| New | 148 | 458 | 560 | 640 | 163 |
| Pending | 72 | 220 | 326 | 378 | 89 |
| Sold | 118 | 355 | 477 | 554 | 128 |
| Current Active | 463 | 1216 | 1497 | 1652 | 371 |
| Median Sold Price compare to last month | -2.4% | -1.7% | +3.7% | +4.1% | +6.7% |
As 7/1/14. source armls. Information is deemed to be reliable, but is not guaranteed.
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