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

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.  


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