Mesa AZ 2016 August Housing Market Trends Report

Swee Ng

8 years ago

Mesa AZ 2016 August Housing Market Trends Report, House Value and Real Estate Listings

August 2016 Mesa AZ Real Estate Market Highlight:

Active listing (Inventory) had Increased 0.6% from July 2016
August 2016 Average Sold Price for Single Family Home in Mesa was $266,714 and had Increased 4.5% from July
Median Sold Price in August 2016 was $238,000 and had Increased 3.5% from July
96% of Single Family Detached Homes sold in August 2016 are Traditional Sale
Most expensive home sold in August 2016 in Mesa was sold for $1,825,000 Click here to view

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

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August 2016 Mesa AZ Housing Closed Sales Report Analysis
We saw a 0.9% increased in the number of Single Family Homes sold in August 2016 compared to the prior month. The statistics show that we had 590 residential Single Family Detached Homes sold in August 2016 in Mesa AZ compared to 585 in July 2016. This compares to 517 homes sold in August of last year.

In August 2016, we see Days on Market (DOM) remain same as previous month. It average took 67 days to get your Mesa AZ home sold in August 2016.

Mesa AZ August 2016 Average Sold Price Analysis
2016 August Average Sold Price for Single Family Detached Homes in Mesa AZ is $266,714 Compare to $255,311 in July, that’s about 4.5% increased from a month ago. The Average Sold Price in August 2015 was $249,104 and had increased about 7.1% from a year ago.

The average sold price per square feet in August 2016 was $133, compare to $134 a month ago. Compare to a year ago, August 2015 average sold price per square feet was $380.

2016 August Mesa Single Family Home Average Sold Price was $266,714. Click here to view Real Estate Listing and Homes for Sale in Mesa AZ Under $250,000 2016 August Single Family Detached Homes Median Sold Price in Mesa
August 2016 Median Sold Price was $238,000 compare to $230,000 in July. This compare to $214,000 in August 2015. The Median Sold Price for Single Family Home in Mesa AZ had appreciated about 11.2% from a year ago.

Based on statistics on both of Median Sold Price and Average Sold Price, Buyers 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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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.

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