Peoria

1st Quarter prices higher in Peoria

The Median Price per Square Foot was $152.19 in Peoria last quarter, up 5.6% YoY compared with $144.36 in Q1 2018, and up 35.7% since Q1 2014.

It’s also nice to see consistent, steady increases rather than large jumps upward - which are often not sustainable. 2017 was the only year with double-digit appreciation; all other years show a modest increase over the previous 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.

 

Peoria prices keep moving higher

The Median Price per Square Foot reached $153.97 in Peoria last month, a 6% increase YoY from last February.

An optimist would see the slope of the chart continuing upward, and would point to the last few years showing strong price appreciation in each of the six-month periods following February. A cynic might notice that last month’s 6% YoY is smaller than the YoY comparison from prior Februaries (7% in 2018 and 11% in 2017.)

Your humble chart marker is looking at the past results and not forecasting future performance, so I’ll simply point them both out.

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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.

 

2018 Median Sales Price for Select Cities

This chart is a recap of the last month’s charts, showing a comparison of the various cities’ median sales prices for 2018. It’s interesting to see the variance among the cities, yet notice that even with all the ups and downs, the difference between the lowest and highest is only $83,500*.

* Not included is Scottsdale, because the $570,000 median sales price there was so high it made the chart much less impactful by comparison.

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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 joins the $300,000 club in 2018

The median sales price in Peoria was $300,000 in 2018 - the first year it’s ever reached that threshold. The growth was 8.3% YoY compared with $277,000 in 2017, 5.3% higher than the previous high of $285,000 in 2006, and up 216% from the low point of $139,000 in 2011.

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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.

 

2018 Sales Volume by City

The chart above is sorted by sales volume. Below, I’ve taken the same chart and sorted the cities alphabetically. You can decide which one works best for you.

AZ 190111 - all cities vol by city.jpg

Phoenix is far and away the leader of the Greater Phoenix Area, with 3-10 times (or more) the number of sales as most other suburbs. Mesa is the 2nd largest suburb, followed by Scottsdale, Gilbert, Chandler, and Glendale.

You’ll notice the East Valley cities typically have more volume than their West Valley counterparts, but there are also more West Valley cities dividing up the land. Overall the sales volume in the East and West Valley is fairly similar.

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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.