East Valley

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.

 

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.

 

Tempe shows stability for time on market

The Median Number of Days on the Market was 35 days for homes sold in Tempe last month. This was up just a day YoY from 34 days last May. The seasonal pattern shows longer times to sell in the fall/winter and shorter times in the spring/summer, but otherwise the market has been mostly consistent 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.

 

Gilbert Prices Push Higher (in May)

What a difference a month makes…

From May’18 - Apr’19 the pricing was absolutely flat. I was ready to talk about Gilbert being another part of the narrative of slowing appreciation across much of the Valley. Then I saw the numbers from May’19; now we’re going to talk about more consistent appreciation in Gilbert.

The Median Sales Price in Gilbert was $354,995 in May, up 6% YoY from $334,000 in May’18 and 16% from $305,000 in May’17.

True, pricing was flat for the 11 months preceding May’19, but pricing was also flat in the 11 months preceding May’16, and that didn’t stop the overall 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.

 

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.