Tempe AZ Real Estate Market Trends Report June 2016

Swee Ng

8 years ago

Tempe AZ Real Estate Housing Market Trends Report and Home Price June 2016

June 2016 Tempe AZ Real Estate Market Highlight:

Active listing (Inventory) had Decreased 16.2% from May 2016
June 2016 Average Sold Price for Single Family Home in Tempe was $293,720 that was 12.1% Decreased from May
Median Sold Price in June 2016 was $267,500 and had Increased 0.9% from May
99% of Single Family Detached Homes sold in June 2016 are Traditional Sale
Most expensive home sold in June 2016 in Tempe AZ was sold for $799,000 Click here to view

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Here are Tempe AZ Real Estate Single Family Detached Home statistics for June 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.

June 2016 Tempe AZ Closed Sales Report Analysis
We saw a 15.9% increase in the number of homes sold in June 2016 compared to the prior month. The statistics show that we had 168 residential Single Family Detached Homes sold in June 2016 in Tempe AZ compared to 145 in May. This compares to 139 closed sales in June of last year.

Based on statistic data, June 2016 Days on Market (DOM) is 67 compare to 72 last month. It take about 67 days to get your Tempe AZ home sold in June 2016.

Housing Market Trends Report by Tempe zipcode

Tempe AZ Zipcode	Median Sold Price	Average Sold Price
Tempe AZ 85281	$248,250	$264,312
Tempe AZ 85282	$245,000	$253,539
Tempe AZ 85283	$269,000	$289,320
Tempe AZ 85284	$420,000	$426,312

Tempe AZ June 2016 Average Sold Price Analysis
Average Sold Price for Single Family Detached Homes in June 2016 was $293,720. This Average Sold Price has decreased 12.1% from May. Compare to June 2015 Average Sold Price $288,873, that was about 1.7% appreciation from a year ago.

The average sold price per sq/ft in June 2016 was $157 per sq/ft. This compare to $161 per sq/ft in May and $148 per sq/ft from a year ago.

June 2016 Tempe AZ Median Sold Price Analysis
June 2016 Median Sold Price for Single Family Detached Homes in Tempe AZ was $267,500. This median sold price is about increased 0.9% from May. Compare to June 2015 Median Sold Price $255,000, that about 4.9% appreciation from a year ago.

June 2016 Tempe AZ Single Family Home Median Sold Price for was $267,500. Click here to view Tempe AZ Real Estate Listing under $250,000 Based on statistics data, we can see that Buyers today are paying more to buy a house 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 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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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 job. Contact Us today for complimentary and no obligation consultation.

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