Thursday, August 11, 2016

Tempe AZ Housing Market Update July 2016

Pin It

Tempe AZ July 2016 Housing Market Trends Report, House Value and Real Estate Listings

July 2016 Tempe AZ Real Estate Market Highlight:
  • Active listing (Inventory) had Increased 26.1% from June 2016
  • July 2016 Average Sold Price for Single Family Home in Tempe was $297,087 that was 1.1% Increased from June
  • Median Sold Price in July 2016 was $270,000 and had Increased 0.9% from June
  • 97% of Single Family Detached Homes sold in July 2016 are Traditional Sale
  • Most expensive home sold in July 2016 in Tempe AZ was sold for $775,000 Click here to view

Tempe AZ July 2016 Housing Market Trends Report, House Value and Real Estate Listings

You might be interested:
Ahwatukee AZ Housing Market Report July 2016
Chandler AZ Housing Market Report July 2016
Gilbert AZ Housing Market Report July 2016
Mesa AZ Housing Market Report July 2016

Here are Tempe AZ Real Estate – Single Family Detached Home statistics for July 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 Tempe AZ provided by the FlexMLS system.

July 2016 Tempe AZ Closed Sales Report Analysis
We saw a 25.0% decrease in the number of homes sold in July 2016 compared to the prior month. The statistics show that we had 126 residential Single Family Detached Homes sold in July 2016 in Tempe AZ compared to 168 in June. This compares to 151 closed sales in July of last year.

Based on statistic data, June 2016 Days on Market (DOM) is 50 compare to 67 last month. It take about 50 days to get your Tempe AZ home sold in July 2016.

July 2016 Housing Market Trends Report by Tempe zipcode
Tempe AZ Zipcode Median Sold Price Average Sold Price
Tempe AZ 85281 $256,000 $272,322
Tempe AZ 85282 $264,000 $272,886
Tempe AZ 85283 $250,000 $252,408
Tempe AZ 85284 $420,000 $451,890

Tempe AZ July 2016 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in July 2016 was $297,087. This Average Sold Price has increased 1.1% from June. Compare to July 2015 Average Sold Price $285,669, that was about 3.8% appreciation from a year ago.

The average sold price per square feet in July 2016 was $154 per square feet. This compare to $157 per square feet in June and $147 per square feet from a year ago.

July 2016 Tempe AZ Median Sold Price Analysis
Median Sold Price for Single Family Detached Homes in July 2016 in Tempe AZ was $270,000. This median sold price is about increased 0.9% from June. Compare to July 2015 Median Sold Price $245,000, that about 10.2% appreciation from a year ago.

July 2016 Tempe AZ Single Family Home Median Sold Price for was $270,000
Click here to view Tempe AZ Real Estate Listing under $250,000

Based on statistics data, we can see that Buyers today are paying more to buy a house from 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.

Contact Swee Ng, Tempe Real Estate Agent, Realtor in Tempe AZ

Selling Your Home in Tempe AZ
Contact Us or call Swee Ng, Tempe Real Estate Agent at 480.721.6253 today to discuss your potential Tempe 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 Tempe AZ Home Worth?
Enter your home address below to Find Out Your Tempe Home Price Instantly
Tempe AZ New Listing Homes for Sale

Homes for Sale in Tempe AZ by Price Range
Homes For Sale by features Tempe AZ
Real Estate Listings & Homes for Sale by Tempe AZ zipcode:
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 Tempe AZ area, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation.

Search and view your dream homes for sale in Tempe AZ

Smarthome Amazon Alexa 'works with'
Twitter Delicious Facebook Digg Stumbleupon Favorites More

 
Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Premium Wordpress Themes