Mesa AZ 2016 February Housing Market Trends Report

Swee Ng

9 years ago

February 2016 Mesa AZ Real Estate Market Highlight:

Active listing (Inventory) remains same as January 2016
2016 February Average Sold Price in Mesa was $247,723 and had Increased 2.6% from January 2016
Median Sold Price in February 2016 was $220,000 and had Increased 5.3% from January 2016
93% of Single Family Detached Homes sold in February 2016 are Traditional Sale
Most expensive home sold in February 2016 in Mesa was sold for $1,070,000 Click here to view

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Here are Mesa AZ Real Estate Single Family Detached Home statistics for 2016 February. 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.

February 2016 Mesa AZ Housing Closed Sales Report Analysis
We saw a 29.3% increased in the number of Single Family Homes sold in February 2016 compared to the prior month. The statistics show that we had 459 residential Single Family Detached Homes sold in February 2016 in Mesa AZ compared to 355 in December 2015. This compares to 439 homes sold in February of last year.

In 2016 February, we also see Days on Market (DOM) has decreased 1.3% from last month. It average took 74 days to get your Mesa AZ home sold in February 2016.

2016 February Mesa AZ Average Sold Price Analysis
2016 February Average Sold Price for Single Family Detached Homes in Mesa AZ is $247,723, compare to $241,542 from prior month. The Average Sold Price in February 2015 was $232,396 and had appreciated about 6.6% from a year ago.

Mesa Single Family Home Average Sold Price for February 2016 was $247,723. Click here to view Mesa AZ Real Estate Listing under $240,000 Single Family Detached Homes Median Sold Price in February 2016
February 2016 Median Sold Price was $220,000 compare to $209,900 in January. This compare to $195,000 in February 2015. Based on Median Sold Price, that’s about 12.8% appreciation 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 todays 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.