Mesa prices up 5%

The Median Sales Price per Square Foot in Mesa rose 5% YoY last month, from $153.65 in May ‘18 to $161.43 in May ‘19 - a nice increase to be sure, but slightly off from last year’s 9% increase over 2017’s number.

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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.

 

Cave Creek Pricing up again in May

The Median Price per Square Foot in Cave Creek has trended upward, slowly and steadily, over the last few years. May ‘19’s median was $205.93/sqft, up 5% YoY from May ‘18 ($196.12/sqft) and up 17% over the last 3 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.

 

Maricopa County still trending upwards

Although we’ve seen a couple pockets of softness around the Valley, Maricopa County as a whole is still showing an upward pricing trend, with May’s Median Sales Price of $308,000 up 4.4% YoY from $295,000 in May ‘18.

The seasonality of the trend is very similar from 2017-18 to 2018-19, although the percentage appreciation was a little higher last year.

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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 Prices Remain Flat

I pointed to some concerns about the pricing trend in Glendale a couple months ago (Mixed Signals in Glendale), and today’s follow-up chart confirms my suspicions.

Glendale’s Median Sales Price in May was up about 1% YoY from last May’s, $262,500 compared with $259,900 in May ‘18, after being down-to-flat for the entire 12 months in-between.

The high season isn’t over yet, so there’s still a chance for some price appreciation over the summer, but if we don’t see a bump in the next couple of months we could be in for a 2-year slowing trend…

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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.

 

More Homes Selling in Surprise

Sometimes the sales volume trend can be hard to see - the seasonality trend is obvious, but the overall trend gets hidden a little bit. But if you look at the April numbers, we can see 316 homes sold in April ‘16, then we were in the 330s in April ‘17 and April ‘18, before hitting 383 last month.

That’s approximately 20% more homes sold than 3 years ago, and more homes selling generally means more demand, which generally puts upward pressure on pricing. This is good news for Surprise.

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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.