Phoenix East Valley August 2014 Housing Market Update
Ahwatukee, Chandler, Gilbert, Mesa & Tempe
Median Sold Price (August 2013 – August 2014)
August 2014 Real Estate Market Highlight:
- Active Listing (Inventory), except Gilbert has Decreased compare to July 2014
- Median Sold Price has Decreased slightly, except Chandler compare to July 2014
- Overall Number of Homes Sold is Decreased, except Chandler compare to July 2014
- Overall DOM (Days on Market) has Increased, except Tempe compare to July 2014
- Observation: Leading towards Buyer’s Market
- Buyer has more negotiation power to buy
- Seller has to price competitively to sell
August 2014 Update & Statistics
| Ahwatukee | Chandler | Gilbert | Mesa | Tempe | |
| New | 137 | 390 | 530 | 581 | 127 |
| Pending | 63 | 249 | 280 | 388 | 85 |
| Sold | 98 | 351 | 398 | 474 | 129 |
| Current Active | 419 | 1063 | 1427 | 1581 | 319 |
| Median Sold Price compare to last month | -1.6% | +0.4% | -0.5% | -2.5% | -1.0% |
As 9/2/14. source armls. Information is deemed to be reliable, but is not guaranteed.
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