February 2020 Phoenix AZ Real Estate Housing Market Trends Report, Statistics and House Value
Here are February 2020 Phoenix AZ Housing Market Update for Single Family Home and statistics. 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 Phoenix AZ provided by the FlexMLS system.
- New Listings had decreased about 6.2% compare to February 2019
- February 2020 average sold price for single family home in Phoenix AZ was $350,694, that is about 7.1% increased from a year ago
- Phoenix single family homes median sold price in February 2020 was $295,000, which had appreciate about 10.4% from February 2019
- Almost all of single family homes sold in Phoenix AZ in February 2020 are regular sale
- Most expensive homes sold in Phoenix AZ in February 2020 was sold for $2,950,000
You might be interested:
February 2020 Ahwatukee Housing Market Tends Report
February 2020 Chandler Housing Market Tends Report
February 2020 Gilbert Housing Market Tends Report
February 2020 Mesa Housing Market Tends Report
February 2020 Tempe Housing Market Tends Report
Number of Homes Sold in Phoenix AZ in February 2020
Based on February 2020 statistic, we saw 1,238 single family homes sold in Phoenix AZ compare to 1,108 of last February. That is about 11.7% increased of single family home sold in Phoenix compare to a year ago.
In February 2020, we saw 63 days on Market (DOM), compare to 69 in February 2019. It took average about 63 days to sell your home in Phoenix in February 2020.
Median Sold Price for Single Family Homes Sold in February 2020
The median sold price for single family home in Phoenix AZ sold in February 2020 was $295,000. Compare to last year, median sold price in February 2019 was $267,250. The median sold price for single family home in Phoenix has increased about 10.4% from a year ago.
Click here to view Homes for Sale Under $280,000 in Phoenix AZ
2020 February Average Sold Price of Single Family Homes Sold in Phoenix AZ
February 2020 average sold price for single family home in Phoenix AZ was $350,694. Compare to last year February at $327,313, the average sold price has increased about 7.1% from a year ago.
Click here to view Homes for Sale Under $325,000 in Phoenix AZ
There are 14 million dollar listings homes sold in February 2020.
2020 February Average Sold Price Per SQFT
The average sold price per square feet for single family home in February 2020 was $185.00 per square feet.
Click here to view Homes for Sale in Phoenix Under $150 per square feet
Based on the median sold price and average sold price statistic, buyer is paying more when buying single family home in Phoenix compare to one year ago.
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 zip code to zip code 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.
Affordable Financing Options Available
Several low down payment financing options including down payment assistance programs are available. Contact Us to find out what loan programs you qualify for. Learn more about how to buy a house in Phoenix AZ with a low down payment.
Wondering how much house I can afford?
Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.
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.
New Listing in Last 24 Hours Phoenix AZ
Just Reduced Price Homes for Sale Phoenix AZ
Search and view your dream home your way
Receive email alert as soon as a Phoenix property matching your criteria hits the market. Be one of the first to see new listings. Simply type in everything you want in a house and save your search here to be notified.
