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Market Data Graphics for all Property Types - Updated Monthly
(Glide your pointer along the graph trend line to see the actual numerical value)
The Phoenix Arizona real estate market has a seasonal predictability as the graphs below show. It is important to note these graphs are a composite of market performance for all property types, all price ranges and all areas. Contact Sam for a clear picture of real estate market performance where you currently live or would like to live.
Seasonal patterns may affect the outcome for buyers and sellers. Different types of residential property have peak sales time when there are more buyers for that particular type of property and a better time to sell quickly for more money versus languishing on the market and continually having to reduce your asking prices to attract the too few buyers looking in your area.
There are always more qualified buyers for lower priced properties causing them to sell more quickly than higher priced properties. Areas with older, lower priced homes are going to have much different performance graphs than those homes in areas with large and expensive custom homes. Therefore, Average Days on Market will be less in lower priced neighborhoods and greater in higher priced neighborhoods, assuming these properties are listed at fair market value. We know homes priced below market often sell more quickly than overpriced homes.
To discover the value of your home, it is necessary to drill down to your city, your zip code and your neighborhood to see how homes like yours, in your same subdivision or near your home, have performed to determine your home's fair market value by a like for like comparison of similar homes.Wondering when is the best time to buy or sell a particular property to maximize sales price? Call me and I will show you.
Arizona Multiple Listing Service 5 Year Average Closed Sales Price
Arizona Multiple Listing Service 5 Year History of Active Listings and Closed Sales
Arizona Multiple Listing Service 5 Year History of Median SOLD Price
Arizona Multiple Listing Service 5 Year History of Average Days on Market