Thursday, September 22, 2016

2016 August Tempe AZ Housing Market Update

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

2016 August Tempe AZ Real Estate Market Highlight:
  • Active listing (Inventory) had Decreased 7.0% from July 2016
  • August 2016 Average Sold Price for Single Family Home in Tempe was $281,808 that was 5.1% Decreased from July
  • Median Sold Price in August 2016 was $265,000 and had Decreased 1.9% from July
  • 94% of Single Family Detached Homes sold in August 2016 are Traditional Sale
  • Most expensive home sold in August 2016 in Tempe AZ was sold for $665,000 Click here to view

Tempe AZ 2016 August Housing Market Trends Report by Swee Ng, House Value and Real Estate Listings

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

Here are Tempe AZ Real Estate – Single Family Detached Home statistics for August 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.

August 2016 Tempe AZ Closed Sales Report Analysis
We saw a 1.6% decrease in the number of homes sold in August 2016 compared to the prior month. The statistics show that we had 128 residential Single Family Detached Homes sold in August 2016 in Tempe AZ compared to 126 in July. This compares to 121 closed sales in August of last year.

Based on statistic data, August 2016 Days on Market (DOM) is 59 compare to 50 last month. It take about 59 days to get your Tempe AZ home sold in August 2016.

Tempe AZ August 2016 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in August 2016 was $281,808. This Average Sold Price has decreased 5.1% from July. Compare to August 2015 Average Sold Price $287,769, that was about 2.1% decreased from a year ago.

The average sold price per square feet in August 2016 was $157 per square feet. This compare to $154 per square feet in July and $146 per square feet from a year ago.

View full August 2016 Tempe AZ Housing Market Trends Report
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.
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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 Tempe 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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