Price per Square Foot

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.

 

Tempe prices up 9% in 1st Quarter

The chart shows Tempe’s price per square foot has risen consistently over the last few years, with most of the growth coming in the 1st and 2nd quarters, while the 3rd and 4th quarters tend to level out. 1st Quarter 2019 had a median $184.50 / sqft, 8.9% higher than last year’s median $169.62.

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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.

 

Fountain Hills Pricing nearing peak levels

The Median Price per Square Foot was up 7% YoY in Fountain Hills in February, reaching $217.65/sqft. This is only 11% off the all-time February peak of $244.21 in Feb 2006.

Keep in mind that Fountain Hills doesn’t have a lot of monthly sales volume, which means there will be more variance from month to month. That being said, we aren’t too far away from seeing record high pricing in Fountain Hills if prices continue to trend upward.

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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 Pricing Up 8% in February

Chandler pricing remained strong in February, with the median price per square foot up more than 8% YoY compared with Feb ‘18 ($178.81 vs $164.77 last year), and up 14% from 2 years ago ($157.31 in Feb ‘17.)

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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.