Mesa

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.

 

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.

 

Prices Rise across the East Valley

The Median Sales Price rose across the East Valley in April, when compared YoY with April 2018. Chandler, Gilbert and Mesa rose modestly (3-5%), while Tempe’s median price rose sharply (8%) from $310,000 in Apr ‘18 to $335,885 in Apr ‘19.

It’s also interesting to see the median prices bunched together so closely, with Chandler, Gilbert, and Tempe all within a couple thousand dollars of each other. I’m not sure exactly what this means, if anything, but it’s unusual compared with other time periods and other parts of the Valley.

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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 Hits Record High in April

I’ve wondered aloud many times over the last month or two whether the market might be slowing down, as prices across the board have not been rising this spring the way we would normally expect them to. Except in Mesa!

The Median Sales Price in Mesa was $280,000 in April - the highest median price ever for the city! And this is on the heels of an upward trend in February and March. So, while prices are flattening out in some parts of the Valley, that hasn’t been the case in Mesa.

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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 6% in 1st Quarter

This is a great chart showing the Median Sales Price in Mesa, by quarter, over the last few years. Notice we basically have 3 flat lines, with each one being a little bit higher on the chart than the last one. This shows that each year, prices tend to move higher in the 2nd Quarter and then remain basically flat for the next 3 quarters.

The median sales price was $273,500 in Q1, up 6% from $258,000 in Q1 2018 and over 26% from $216,000 in Q1 2016.

We should be starting to see prices increase this month, if things hold to trend again this year. Feel free to drop me an email if you want to share anecdotal information - otherwise I’ll have to wait to see what the data shows over the next couple of months.

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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.