Scottsdale Prices rise steadily

The Median Sales Price in Scottsdale for the 3rd quarter this year was $569,450, up 6% from Q3 2017 and up 17% from Q3 2016.

I sound like a broken record lately when talking about seasonality, but look at the pattern of this chart: Q1 goes up, Q2 goes up, Q3 goes down, and Q4 goes down (or in 2016 was mostly flat.) It’s been very consistent over the last few years.

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- Chris Butterworth

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

 

Gilbert Prices rise again in September

While Wednesday’s chart showed the median sales price in Phoenix has cooled off with the weather, that hasn’t been the case in Gilbert - where the Median Price per Square Foot has increased sharply throughout the 3rd quarter.

September’s median of $163.08 / sqft is up 9% since the beginning of the year. It’s also up 9% since Sept 2017 (in the last year), and it’s up 16% since Sept 2016 (over the last 2 years).

Another trend we can see is that the line has been relatively flat from September through February in each of the last two years. If that trends holds true again we can expect prices to level off over the next few months before ramping up again next spring.

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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.

 

Are Phoenix Prices Declining?

The Median Sales Price in Phoenix has declined for three months in a row. (cue Chicken Little and “the sky is falling…”)

Let’s take a step back and look at the bigger picture:

  • The overall trend over the last 21 months slopes upward.

  • The Median Sales Price for Sept 2018 is $262,000, which is 9% higher than the $241,000 median price in Sept 2017. (and 16% higher than Jan 2017.) So prices are up Year over Year.

  • The Median Sales Price dipped in August and September last year, too. This looks like a seasonal trend.

I will start to worry if we get to March next spring and prices aren’t rising from their winter lows. In the meantime, let’s take it in stride; tell Chicken Little the sky will stay right where it is.

- Chris Butterworth

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.

 

Mesa prices continue to rise

The Median Price per Square Foot in Mesa rose (again) in Q3 ‘18, to $156.32 / sqft. This marks the 17th consecutive quarterly increase for the measurement. The last decrease was in Q2 2014, which dropped a scant 1.2% from Q1 2014.

- 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 rise 8%

The Median Sales Price in Maricopa County is up 8.6% from last year: $285,000 in Sept 2018 compared with $262,500 in Sept 2017.

The shape of the chart is what we’ve come to expect throughout the Greater Phoenix area, with prices running upwards in the spring and summer months, before retreating a little bit during the fall and winter.

- Chris Butterworth

 

What else can I do for you?

 Learn about my full-featured  eNewsletter service .

Learn about my full-featured eNewsletter service.

  Read my blog  about using email and building a tribe.

Read my blog about using email and building a tribe.

 
 

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.