January 2016 Tempe AZ Housing Market Update & Statistics
January 2016 Tempe AZ Real Estate Market Highlight:
- Active listing (Inventory) had Increased 6.9% from December 2015
- January 2016 Average Sold Price in Tempe was $296,364 that was 4.6% Increased from December 2015
- Median Sold Price in January 2016 was $263,000 and had Decreased 0.2% from December 2015
- 98% of Single Family Detached Homes sold in January 2016 are Traditional Sale
- Most expensive home sold in January 2016 in Tempe was sold for $715,900 Click here to view
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Here are Tempe AZ Real Estate Single Family Detached Home statistics for January 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.
January 2016 Tempe AZ Closed Sales Report Analysis
We saw a 3.1% increase in the number of closed sales in January 2016 compared to the prior month. The statistics show that we had 99 residential Single Family Detached Homes sold in January 2016 in Tempe AZ compared to 96 in December 2015. This compares to 96 closed sales in December 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, January 2016 Days on Market (DOM) is 72 compare to 75 in December. It take about 72 days to get your Tempe AZ home sold in January 2016.
Tempe AZ January 2016 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in January 2016 was $296,364. This Average Sold Price has increased 4.6% from December 2015. Compare to January 2015 Average Sold Price $268,574, that was about 10.4% appreciation from a year ago.
January 2016 Tempe AZ Median Sold Price Analysis
January 2016 Median Sold Price for Single Family Detached Homes in Tempe AZ was $263,000. This median sold price is 0.2% decreased from December 2015. Compare to January 2015 Median Sold Price $234,250, that about 12.3% 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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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 Tempe AZ area, I would like the opportunity to be interviewed for the jon. Contact Us today for complimentary and no obligation consultation.