2017 April Phoenix AZ Housing Market Trends Report and Home Price
- New Listing had Decreased 2.9% from April 2016
- April 2017 Average Sold Price for Single Family Home in Phoenix AZ was $288,478
- Median Sold Price in April 2017 was $230,000
- Most expensive homes sold in April 2017 was sold for $3,200,000
Based on April statistic, we saw 1,632 single family homes sold in Phoenix AZ compare to 1,492 of last year. That’s about 9.4% increased from April 2016.
Median Sold Price of Single Family Homes Sold in Phoenix AZ in April 2017
The median sold price for single family detached home in Phoenix AZ in April 2017 was $230,000. Compare to last year, median sold price in April 2016 was $228,400. That’s about 0.7% appreciation from a year ago.
2017 April average sold price in Phoenix AZ was $288,478 compare to $274,049 a year ago. That’s about 5.3% increased from April 2016.
Educated and savvy buyers understand that a competitive market gives them fewer options for home choices – even when inventory increases. Although this may vary from zipcode to zipcode and from price range to price range, buyers need to make sure they are fully informed regarding the specific market in which they have an interest. This will give them the best chance of being competitive when making an offer.
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.
If you are considering buying a home in Phoenix there is a sufficient inventory of homes to choose from and having a good real estate agent who understands the market is a must. Interest rates are still low so don’t wait too long on the sidelines; many listings when priced correctly are starting to sell within a few days of hitting the market.
Contact or call me at 480.721.6253 if you’re interested in knowing what your Phoenix home is worth in today’s real estate market or so we can discuss your housing needs. I look forward to talking to you and assisting with your real estate needs.
Also read:
Ahwatukee April 2017 Housing Market Trends Report
Chandler AZ April 2017 Housing Market Trends Report
Gilbert AZ April 2017 Housing Market Trends Report
Mesa AZ April 2017 Housing Market Trends Report
Tempe AZ April 2017 Housing Market Trends Report
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Selling your home in Phoenix Arizona
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Phoenix 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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