Chandler Price per Square Foot - Going up

The Median Sales Price per Square Foot was up in Chandler last month (again) - both on a month-to-month and a year-over-year (YoY) basis. In fact, the median $/sqft has risen significantly over the last few years, from $143.41 in Oct’15 to $186.69 in Oct’19: that’s 30% appreciation in 4 years.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Avondale Prices are up big in October

The Median Sales Price in Avondale was $255,500 last month, up 11% YoY from $230,000 in Oct ‘18, and up 30% over the last 3 years (compared to $197,000 in Oct ‘16.)

As the more expensive areas continue to get more expensive, the less expensive areas can look like a better value. This increases demand, which then increases prices, and before long the less expensive areas also become more expensive.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

October was Strong in Gilbert

Seasonality be damned, at least in Gilbert. The Median Price per Square Foot in homes sold in Gilbert over the last 2 years has increased steadily, with almost every month reporting a higher price than the previous month.

The median price of $174.93 / sqft in October was 9.4% higher than the $159.36 / sqft median in October 2018, and 17% higher than October 2017.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Maricopa County Prices Surge in October

The Median Sales Price in Maricopa County was $315,000 in October, up $25,000 YoY from the $290,000 median price in Oct ‘18. In fact, this was the highest year-over-year gain in the last 5 years.

Sellers may be reaping the rewards of the Fed’s lower interest rates. Buyers, although paying higher prices, are at least getting low-rate mortgages. And if you’re neither buying nor selling, just sit back and enjoy the ride…

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Glendale shows steady price appreciation

The Median Sales Price in Glendale reached $268,000 for the 3rd Qtr 2019, up 7% YoY over Q3 ‘18 and up 35% over the last 4 years.

Taking away the “noise” of monthly ups and downs lets us make an easier comparison from one year to the next, and it becomes obvious to see the slow but steady price appreciation in Glendale over the last few years.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.