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Based upon the Tempe Real Estate MLS SOLD data comparisons for July 2010 versus a year ago July 2009, Sales volume is DOWN 4%, average SOLD price is down 13% while the average Days On Market to find the buyer has DECREASED from 101 days to 99 days.

The average sales price for Single Family Detached Tempe homes for sale in July 2010 as compared to the previous month is DOWN to $201,701 while the average sales price for
Tempe Condos/Town homes/Lofts for sale is UP to $142,514.

Tempe real estate market has improved and is a Seller's market with a 5.2 month supply of unsold Tempe homes based upon the current absorption rate and the average days on market of 3.3 months. The fact prices for attached and detached Tempe homes for Sale are up over last month and have nearly returned to where they were a year ago portends well for Tempe real estate.

The Tempe is a very desirable location close to downtown Phoenix and ASU with the rapid transit connections to the Phoenix Metroplex. Building around Tempe Town Lake, ASU and I10 is transformational with luxurious multi-million dollar Tempe condos and penthouses having been built!

Tempe is in a unique central location between the strongest employment areas in Phoenix, Scottsdale and Chandler. The fact that Tempe contains the nation's 5th largest airport and the largest U.S. university complex only enhances its appeal to residents and employers. The new Light Rail Commuter system running 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 Tempe homes for sale in established neighborhoods with 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.


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
Tempe Homes for Sale during July 2010

Statistical Market Analysis

Status

# Listings List Volume Sold Volume   List Price Sold Price Sale/List Price Agent Days On Market Cumulative Days On Market

Active

823

186,888,742

0

Low
Avg
High

10,000
227,082
7,750,000

0
0
0

0.00
0.00
0.00

0
114
846

0
127
889

AWC-Seller Written Instructions

106

18,010,314

0

Low
Avg
High

39,900
169,909
650,000

0
0
0

0.00
0.00
0.00

7
143
616

7
149
696

AWC-Contingent Offers

33

5,508,300

0

Low
Avg
High

49,900
166,918
495,000

0
0
0

0.00
0.00
0.00

17
129
421

13
140
489

Pending

183

32,628,650

0

Low
Avg
High

38,900
178,299
1,075,000

0
0
0

0.00
0.00
0.00

1
72
680

0
103
680

Closed

157

29,826,010

28,517,625

Low
Avg
High

28,900
189,975
1,295,000

25,000
181,641
1,275,000

0.65
0.97
1.85

0
79
393

0
99
598

Overall

1,302

272,862,016

28,517,625

Low
Avg
High

10,000
209,571
7,750,000


 
 


 
 

0
106
846

0
123
889

Versus

Tempe Real Estate Sold Market Statistics Affecting
Tempe Homes Sold during July 2009

Statistical Market Analysis

Status

# Listings List Volume Sold Volume   List Price Sold Price Sale/List Price Agent Days On Market Cumulative Days On Market

Closed

164

36,135,082

34,285,096

Low
Avg
High

32,000
220,336
735,000

15,000
209,055
670,000

0.47
0.96
1.14

1
81
461

1
101
485

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.

Tempe real estate agent, Sam Elam, specializes homes for sale Tempe, Chander homes, Gilbert homes, Mesa homes and Scottsdale homes for sale AZ (Photo)
Sam Elam
Tempe Real Estate Agent and Associate Broker
Full time Phoenix REALTOR® since 1990
ABR, CRS, GRI, e-PRO
Prudential Arizona Properties
3701 E. Baseline Road, Suite F-102, Gilbert, AZ 85234


 (480) 213-1799  Cell
      (480) 467-4900  Office 
           (800) 592-3360  Toll Free 
Sam Elam - Phoenix Real Estate agent specializing in Phoenix real estate investment, Phoenix luxury homes, Arizona active adult communities and Phoenix residential real estate.Email Sam
 your Tempe real estate questions for expert advice.


Prudential Arizona Properties serving:

 • Cave Creek  • Chandler  • Gilbert  • Mesa  • Fountain Hills  
• Phoenix - Biltmore   • Scottsdale - Kierland   • Scottsdale - Pinnacle Peak