Home Home & Design Homes Phoenix Real Estate Market Report January 2014

Phoenix Real Estate Market Report January 2014

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Let’s look at all Valley sales from January 1, 2014 compared to January 1, 2013 using Michael Orr’s Cromford Report, data taken from ARMLS and insight from Allison Cahill.  

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Monthly Sales: 5,892 versus 6,650 last year and is down 11.4% from last year, but up 12.4% from last month.  

Monthly Average Sales Price Per Square Foot:  $126.47 versus $109.61 last year which is up 15.4% from last year and up 2.8% from last month.

Monthly Median Sales Price:  $184,900 versus $155,000 last month and up 19.3% from last year.

Area of the Month-Scottsdale 85258 Market Report as of January 1, 2014

Active Sale Per Month: 22 compared to last month, 29

Sales Per Square Foot: $213 compared to last month, $218

Average Price: $513,000 compared to last month, $597,000