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Phoenix Real Estate Market Report August 2013

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Let’s look at all Valley sales from August 1, 2013 compared to August 1, 2012 using Michael Orr’s Cromford Report and data taken from ARMLS.

Monthly Sales: 8,108 versus 7,208 last year. This is up 12.5% from last year and down 1.9% from 8,263 last month.

Monthly Average Sales Price Per Square Foot: $118.88 versus $98.55 last year which is up 20.6% ,but down .4% from $119.29 last month.

Monthly Median Sales Price: $185,000 versus $145,000 last year which is up 26.9% and up 2.2% from $180,000 last month.

 

July Sales:

178 HUD Sales

487 REO Sales

1,061 Short Sales

6,232 Regular Sales

 

City of the Month-Arcadia

Market Report as of August 1, 2013

Sales in Arcadia-85018

Active Sale Per Month: 64 compared to last month 65

Sales Per Square Foot: $233 compared to last month $216

Average Price: $587,000 compared to last month $517,000

 

A Look at the Different Markets in the Valley

Based on Price Points

According to Allison Cahill, Realtor with RE/MAX Platinum Living, “Buyers and sellers need to be aware of what the market is doing based on the price point that they fall in. “ Here are the numbers from the Cromford Report and ARMLS: 

Homes under $100,000-502 active listings versus 765 in August , 2012. The price per square foot is $53.88 which is up 14.6% since last year.

Homes from $100,000-199,999-3,922 active listings compared with 3,202 in August, 2012. The price per square foot is $87.94 which is up 11.9%.

Homes from $200,000-399,999- 5,046 active listings versus only 3,407 in August, 2012. The price per square foot is up 9.6% to $120.11.

Homes from $400,000-799,999- 2,298 versus 1,542 last year. The price per square foot is $161 which is up 5.9%.

Homes from $800,000 and up- 1,316 versus 1,163 last year. The price per square foot is up 4.8% and the price per square foot is $258.79.

 

For more information on our market, contact Allison Cahill.