Tempe Real Estate and Tempe Homes for Sale

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.

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.