Mesa AZ July 2015 Housing Market Update ~ Phoenix East Valley Real Estate

Mesa AZ Housing Market Trends July 2015

July 2015 Mesa AZ Real Estate Market Highlight:

Active listing (Inventory) has Decreased 18.3% from June 2015
Average Sold Price has Decreased 0.3% from June 2015
Median Sold Price remain same at $215,000 as in June 2015
94% of Single Family Detached Homes sold are Traditional Sale
Most expensive home sold in July 2015 in Mesa was sold for $1,650,000 Click here to view

Here are Mesa AZ Real Estate – Single Family Detached Home statistics for July 2015. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Mesa AZ provided by the FlexMLS system.

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Closed Sales Report Analysis:
We saw a 0.5% increase in the number of closed sales in July 2015 compared to the prior month. The statistics show that we had 646 residential Single Family Detached Homes sold in July 2015 in Mesa compared to 643 in June 2015. This compares to 517 closed sales in June of last year. In July 2015, we also see Days on Market (DOM) has increased 17.5% from June. It average took 67 days to get your Mesa AZ home sold in July 2015 compare to 57 days in June 2015.

Average Sold Price Analysis:
July 2015 Average Sold Price for Single Family Detached Homes in Mesa AZ is $237,781. This Average Sold Price has decreased 0.3% from June 2015. This is because the most expensive home sold in July 2015 was sold for $1,650,000 compare to $1,387,000 in June 2015. It is important for Seller and Buyer to refer to Median Sold Price instead of Average Sold Price. If there are multiples millions homes sold in particular months, the Average Sold Price will be high.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Selling Your Home in Mesa AZ?
Contact or call Swee Ng at 480.721.6253 today to discuss your potential Mesa AZ House Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

What's My Mesa AZ Home Worth? Find out your Mesa House Value instantly for free www.PhoenixAZHouseValue.com

Swee Ng, Realtor specializing in win-win real estate transaction through great communication and fighting for his clients' best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Mesa AZ area, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.