Mesa AZ Real Estate January 2016 Housing Market Update ~ Phoenix East Valley Real Estate

Mesa AZ January 2016 Housing Market Update & Statistics

January 2016 Mesa AZ Real Estate Market Highlight:

Active listing (Inventory) had Increased 11.8% from December 2015
January 2016 Average Sold Price in Mesa was $241,542 and had Decreased 1.2% from December 2015
Median Sold Price in January 2016 was $209,000 and had Decreased 5.0% from December 2015
96% of Single Family Detached Homes sold are Traditional Sale
Most expensive home sold in January 2016 in Mesa was sold for $1,375,000 Click here to view

Mesa AZ January 2016 Housing Market Update

Here are Mesa AZ Real Estate – Single Family Detached Home statistics for January 2016. 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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January 2016 Mesa AZ Housing Closed Sales Report Analysis
We saw a 34.1% decrease in the number of Single Family Homes sold in January 2016 compared to the prior month. The statistics show that we had 355 residential Single Family Detached Homes sold in January 2016 in Mesa AZ compared to 539 in December 2015. This compares to 357 homes sold in January of last year.

In January 2016, we also see Days on Market (DOM) has increased 4.2% from last month. It average took 75 days to get your Mesa AZ home sold in January 2016.

January 2016 Mesa AZ Average Sold Price Analysis
January 2016 Average Sold Price for Single Family Detached Homes in Mesa AZ is $241,542, compare to $244,405 from prior month. The Average Sold Price in January 2015 was $233,390 and had increased about 3.5% from a year ago.

Mesa Single Family Home Average Sold Price for January 2016 was $241,542
Click here to view Mesa AZ Real Estate Listing under $240,000
Single Family Detached Homes Median Sold Price in January 2016
January 2016 Median Sold Price was $209,000 compare to $219,900 in December. This compare to $195,000 in January 2015. Based on Median Sold Price, that's about 7.2% appreciation from a year ago.

Both of Median Sold Price and Average Sold Price statistic indicate Buyer are paying more for a Single Family Detached Homes in Mesa AZ compare to a year ago.

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.

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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, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation.