Mesa AZ Housing Market Report May 2016 ~ Phoenix East Valley Real Estate

Mesa AZ Housing Market Trends Report, Home Price and Statistic May 2016

May 2016 Mesa AZ Real Estate Market Highlight:

Active listing (Inventory) had Increased 22.7% from April 2016
Mesa Average Sold Price for Single Family Home in May 2016 was $260,315 and had Increased 5.4% from April 2016
Median Sold Price in May 2016 was $232,000 and had Increased 5.0% from April
96% of Single Family Detached Homes sold in May 2016 are Traditional Sale
Most expensive home sold in May 2016 in Mesa was sold for $1,190,000 Click here to view

Here are Mesa AZ Real Estate – Single Family Detached Home statistics for May 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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May 2016 Mesa AZ Housing Closed Sales Report Analysis
We saw a 7.4% increased in the number of Single Family Homes sold in May 2016 compared to the prior month. The statistics show that we had 652 residential Single Family Detached Homes sold in May 2016 in Mesa AZ compared to 607 in April 2016. This compares to 608 homes sold in May of last year.

In May 2016, we see Days on Market (DOM) has increased 25.0.% from previous month. It average took 75 days to get your Mesa AZ home sold in May 2016.

May 2016 Mesa AZ Average Sold Price Analysis
May 2016 Average Sold Price for Single Family Detached Homes in Mesa AZ is $260,315 Compare to $247,031 in April, that’s about 5.4% increased from a month ago. The Average Sold Price in May 2015 was $243,802 and had increased about 6.8% from a year ago.

The average sold price per sq/ft in May 2016 was $133, which is same as previous month. Compare to a year ago, May 2015 average sold price per sq/ft was $124.

Mesa Single Family Home Average Sold Price for May 2016 was $260,315.
Click here to view Real Estate Listing & Homes for Sale in Mesa AZ under $250,000
May 2016 Single Family Detached Homes Median Sold Price in Mesa
May 2016 Median Sold Price was $232,000 compare to $221,000 in April. This compare to $215,000 in May 2015. The Median Sold Price for Single Family Home in Mesa AZ had increased about 7.9% from a year ago.

Based on statistics on both of Median Sold Price and Average Sold Price, Buyers 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.

Selling Your Home in Mesa AZ?
Contact or call Swee Ng at 480.721.6253 today to discuss your potential Mesa AZ Home Price 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.

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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.

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