Phoenix pricing continues trend in 2nd Qtr

The Median Sales Price for the 2nd Quarter was $277,000 in Phoenix, up slightly YoY from $269,000 in Q2 2018. But Q2 ’18 capped a strong run where prices were up 17% over 18 months from Q4 ’16. It makes sense that the market can cool off a little bit while still having an upward trend (green line).

However, it also appears that most of the price appreciation occurs between Q1 and Q2. (that 18-month run last year was the exception.) If this trend holds true, we won’t see prices increase much until 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.

 

Mesa Pricing is up in 2nd Qtr

The Median Price per Square Foot in Mesa was $162.68/sqft in the 2nd Quarter, up 6% YoY from Q2 2018. Looking at the rest of the chart shows very consistent growth, quarter after quarter, over the last 3-4 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.

 

Glendale prices rise in 2nd Qtr

Glendale’s Median Sales price grew 4% in the 2nd Qtr, compared YoY with Q2 2018. The median sales price of $260,400 shows a 32% growth over the last 4 years, since the $197,000 median price posted in Q2 2015.

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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.

 

Chandler shows strong growth in 2nd Qtr

The Median Sales Price in Chandler was $349,900 in the 2nd Quarter, up 6% YoY from Q2 2018 and up 23% over the last 3 years.

This price growth was good to see after the softness and potential concern we saw in the first quarter.

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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 Seasonal Sales Volume

The seasonality in the Maricopa County real estate market couldn’t be more obvious, or consistent. Lots of sales in April, May and June; not as many in December, January and February.

The highs have risen slightly higher each year, but the lows have gotten lower as well. Overall volume per year has remained relatively level over the last 3 years: up slightly in 2017 and then flat in 2018 and 2019 YTD.

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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.