Phoenix East Valley July 2014 Housing Market Update
Ahwatukee, Chandler, Gilbert, Mesa & Tempe
Median Sold Price (July 2013 – July 2014)
July 2014 Real Estate Market Highlight:
- Active Listing (Inventory) has increased almost double compare to June 2014
- Median Sold Price has increased slightly in Chandler, Gilbert, Mesa and Tempe compare to June 2014
- Overall Number of Homes Sold has increased, except Gilbert compare to June 2014
- Overall DOM (Days on Market) has increased compare to June 2014
- Observation: Leading towards Buyer’s Market
- Buyer has more negotiation power to buy
- Seller has to price competitively to sell
July 2014 Update & Statistics
| Ahwatukee | Chandler | Gilbert | Mesa | Tempe | |
| New | 142 | 429 | 510 | 675 | 144 |
| Pending | 70 | 245 | 290 | 372 | 86 |
| Sold | 123 | 337 | 463 | 517 | 129 |
| Current Active | 430 | 1129 | 1389 | 1656 | 335 |
| Median Sold Price compare to last month | -0.2% | +2.4% | +0.5% | +3.6% | 0% |
As 8/3/14. source armls. Information is deemed to be reliable, but is not guaranteed.
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