Mesa pricing continues upward trend

Interesting that the median sales price in Mesa has followed the exact same $20,000 per year increase as Maricopa County as a whole, although the actual numbers are different. From $232,000 at the beginning of 2017, to $252,000 in November 2017, to $272,000 last month - the median sales has continued its upward 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.

 

Maricopa County shows steady price appreciation

A quick look at the Median Sales Price in Maricopa County over the last couple years shows a steady increase of $20,000 YoY for each of the last 2 Novembers: $250,000 in 2016, $270,000 in 2017, and $290,000 in 2018.

It also looks like prices peaked at about $295,000 in the spring-summer. If the seasonal trend continues and the overall market stays healthy, I would expect to cross the $300,000 barrier 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.

 

Tempe prices up 11%

Tempe’s median sales price in November 2018 was $319,500, up 11% from $286,500 in Nov ‘17.

Pricing has been relatively flat over the last 7-8 months, but there was a big spike in the few months before that. Pulling back and looking at the longer term makes it easy to see how steady the price-increase trend has been.

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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.

 

Peoria Prices are up big in November

The median sales price in Peoria was up 12% in November, compared with the same month last year, and up 31% over the last 4 years. The trendline has clearly pointed upward, with most of 2018 at or above the $300,000 mark.

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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.

 

Phoenix prices march upward in November

Comparing the median price per square foot for November sales in Phoenix, the trend has shown a steady climb of $9 - $11 / sqft each year over the last 3 years.

* By looking at the same month’s sales over time, we remove seasonality from the chart, so we’re only comparing this November against prior Novembers, rather than against the higher priced summer months from earlier in the 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.