2016 February Tempe AZ Real Estate Market Highlight:
- Active listing (Inventory) had Increased 17.5% from January 2016
- 2016 February Average Sold Price in Tempe was $272,072 that was 8.2% Decreased from January 2016
- Median Sold Price in February 2016 was $242,000 and had Decreased 8.0% from January 2016
- 97% of Single Family Detached Homes sold in February 2016 are Traditional Sale
- Most expensive home sold in 2016 February in Tempe AZ was sold for $865,000 Click here to view
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Here are Tempe AZ Real Estate Single Family Detached Home statistics for February 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 Tempe AZ provided by the FlexMLS system.
2016 February Tempe AZ Closed Sales Report Analysis
We saw a 9.1% increase in the number of closed sales in February 2016 compared to the prior month. The statistics show that we had 90 residential Single Family Detached Homes sold in February 2016 in Tempe AZ compared to 99 in January. This compares to 98 closed sales in February of last year. In todays market sellers need to continue to be diligent in pricing when putting their homes on market for sale.
Based on statistic data, 2016 February Days on Market (DOM) is 70 compare to 72 in January. It take about 70 days to get your Tempe AZ home sold in February 2016.
Tempe AZ February 2016 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in February 2016 was $272,072. This Average Sold Price has decreased 8.2% from January. Compare to February 2015 Average Sold Price $250,371, that was about 8.7% appreciation from a year ago.
2016 February Median Sold Price for Single Family Detached Homes in Tempe AZ was $242,000. This median sold price is about 8.0% decreased from January. Compare to January 2015 Median Sold Price $226,250, that about 7.0% appreciation from 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 Tempe AZ
Contact Us or call Swee Ng, Tempe Real Estate Agent at 480.721.6253 today to discuss your potential Tempe 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 Tempe AZ area, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation.