Mesa AZ Housing Market Trends Report March 2016

March 2016 Mesa AZ Real Estate Market Highlight:

Active listing (Inventory) had Increased 4.0% from February 2016
March 2016 Average Sold Price for Single Family Home in Mesa was $241,968 and had Decreased 2.3% from February 2016
Median Sold Price in March 2016 was $215,000 and had Decreased 2.3% from February
96% of Single Family Detached Homes sold in March 2016 are Traditional Sale
Most expensive home sold in March 2016 in Mesa was sold for $900,000 Click here to view

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Here are Mesa AZ Real Estate – Single Family Detached Home statistics for March 2016. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Mesa AZ provided by the FlexMLS system.

March 2016 Mesa AZ Housing Closed Sales Report Analysis
We saw a 37.7% increased in the number of Single Family Homes sold in March 2016 compared to the prior month. The statistics show that we had 632 residential Single Family Detached Homes sold in March 2016 in Mesa AZ compared to 459 in February 2016. This compares to 613 homes sold in March of last year.

In March 2016, we see Days on Market (DOM) has decreased 8.1% from previous month. It average took 68 days to get your Mesa AZ home sold in March 2016.

March 2016 Mesa AZ Average Sold Price Analysis
March 2016 Average Sold Price for Single Family Detached Homes in Mesa AZ is $241,968, compare to $247,723 from February. That’s about 2.3 decreased from a month ago. The Average Sold Price in March 2015 was $238,230 and had appreciated about 1.6% from a year ago.

The average sold price per sq/ft in March 2016 was $129, compare to $128 in February and $117 a year ago.

Mesa Single Family Home Average Sold Price for March 2016 was $241,968. Click here to view Mesa AZ Real Estate Listing under $240,000 Single Family Detached Homes Median Sold Price in March 2016
2016 March Median Sold Price was $215,000 compare to $220,000 in February. This compare to $205,000 in March 2015. Based on Median Sold Price, that’s about 4.9% increased from a year ago.

Both of Median Sold Price and Average Sold Price statistic indicate Buyer are paying more for a Single Family Detached Homes in Mesa AZ compare to a year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Selling Your Home in Mesa AZ?
Contact or call Swee Ng at 480.721.6253 today to discuss your potential Mesa AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

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Swee Ng, Realtor specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Mesa AZ area, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation.

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