Tempe AZ Housing Market Trends April 2015
April 2015 Tempe AZ Real Estate Market Highlight:
- Active listing (Inventory) has Decreased 1.0% from March 2015
- Average Sold price has Increased 4.2% from March 2015
- 96% of Single Family Detached Homes sold are Traditional Sale
- Most expensive home sold in April 2015 in Tempe was sold for $1,080,000 Click here to view
Here are Tempe AZ Real Estate Single Family Detached Home statistics for April 2015. 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.
Closed Sales Report Analysis:
We saw a 18.3% increase in the number of closed sales in April 2015 compared to the prior month. The statistics show that we had 123 residential Single Family Detached Homes sold in April 2015 in Tempe compared to 104 in March 2015. This compares to 114 closed sales in April of last year. In todays market sellers need to continue to be diligent in pricing and staging their homes for sale.
Average Sold Price Analysis:
April 2015 Average Sold Price for Single Family Detached Homes in Tempe AZ is $293,338. This Average Sold Price has increased 4.2% from March 2015. This is because most expensive home sold in April 2015 was sold at $1,080,000 compare to March, was sold for $761,250. It is important for Seller and Buyer to refer to Median Sold Price instead of Average Sold Price. If there are multiples millions homes sold in particular months, the Average Sold Price will be high.
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 House Value 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, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.