Based upon the Tempe Arizona Real Estate MLS SOLD data comparisons for January 2010 versus a year ago January 2009, Sales volume is UP 43%, yet the average SOLD price is DOWN 20% while the average Days On Market to find the buyer has DECREASED from 115 days to 91 days.
The average sales price for Single Family Detached homes in Tempe for sale in January 2010 as compared to the previous month is UP to $222,074 while the average sales price for Tempe Condos/Town homes/ Lofts for sale is DOWN to $99,092.
Tempe real estate market has improved and is a Buyer's market with a 8.7 month supply of unsold homes based upon the current absorption rate and the average days on market of 3 months.
The Tempe is a very desirable location close to downtown Phoenix with the rapid transit connections to the Phoenix Metroplex. Buildings around Tempe Town Lake, ASU and I10 area is transformational with luxurious multi-million dollar condo penthouses being built!
There's a wide choice of Homes in Tempe for Sale and the $8000 tax credit applies to First Time Home Buyers who have not owned a home in the last 3 years and a $6500 tax credit applies to those who have owned their same home for 5 of the last 8 years! But both tax credit programs EXPIRE this year! Escrow has to be opened by April 30, 2010 and close by June 30, 2010 to qualify.
Tempe is in a unique central location between the employment areas all around Tempe. The fact that Tempe contains the 5th largest airport and contains the largest university complex in the U.S. - only adds to its appeal. The new Light Rail Commuter system runs through the heart of Tempe and is already attracting the attention of Tempe home buyers and employers such as Google.
Tempe home buyers should consider the established neighborhoods in Tempe for sale, high availability of amenities and shorter commute times when shopping for a community to call home. The Tempe Town Lake district is an extremely popular "in spot" and you will love the sidewalk cafes to people watch just like they do in Paris. Tempe is a very good option well worth your serious consideration.
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Want to learn why Tempe is a great place to call home?
Contact me at 480-213-1799 or via email at Sam@SamElam.com |
Tempe Real Estate Market Statistics Affecting
Homes in Tempe for Sale during January 2010
Statistical Market Analysis
|
Active |
780 |
200,331,430 |
0 |
Low
Avg
High |
32,000
256,835
7,750,000 |
0
0
0 |
0.00
0.00
0.00 |
0
117
896 |
0
131
896 |
|
AWC-Seller Written Instructions |
94 |
16,829,144 |
0 |
Low
Avg
High |
29,900
179,033
990,000 |
0
0
0 |
0.00
0.00
0.00 |
4
133
635 |
3
145
635 |
|
AWC-Existing Option to Purchase |
2 |
270,000 |
0 |
Low
Avg
High |
70,000
135,000
200,000 |
0
0
0 |
0.00
0.00
0.00 |
37
116
196 |
37
116
196 |
|
AWC-Contingent Offers |
23 |
3,997,100 |
0 |
Low
Avg
High |
69,000
173,787
425,000 |
0
0
0 |
0.00
0.00
0.00 |
15
136
520 |
25
149
518 |
|
Pending |
171 |
32,730,649 |
0 |
Low
Avg
High |
39,900
191,407
995,000 |
0
0
0 |
0.00
0.00
0.00 |
1
68
619 |
0
88
619 |
|
Closed |
90 |
18,552,283 |
17,733,992 |
Low
Avg
High |
38,900
206,136
1,200,000 |
31,250
197,044
1,165,000 |
0.67
0.97
1.53 |
0
84
548 |
0
91
548 |
|
Versus
Tempe Real Estate Sold Market Statistics Affecting
Homes in Tempe AZ Sold during January 2009
Statistical Market Analysis
|
Closed |
51 |
13,539,268 |
12,604,140 |
Low
Avg
High |
71,299
265,476
999,000 |
79,500
247,140
785,000 |
0.78
0.95
1.12 |
6
93
337 |
7
115
337 | |
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About Tempe, Arizona ...
The Tempe community profile provides the town's history, employers, utilities and other data.
Tempe demographic data includes population studies, schools and employment in the area.
Tempe economic development in and around Sky Harbor Airport and ASU remains a vital economic engine within the Phoenix Metro area.
See the school achievement levels of schools in the Tempe Elementary School District, Kyrene Elementary School District (Tempe), Tempe High School District attended by Tempe and some Chandler students.
Fun attractions and things to do in the Tempe Mill District. |
Email Sam your Phoenix real estate questions for expert advice.