Peoria Prices are up Year over Year

The Median Sales Price in Peoria was $316,000 in the 2nd Qtr this year, up almost 7% compared with Q2 2018 and a robust 38% over the last 5 years.

Although we have seen some signs of pricing weakness lately - mostly at the higher end of the pricing scale, the big-term picture shows pricing has held strong over the last several years.

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- Chris Butterworth

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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Buckeye turns in strong 2nd quarter

The Median Sales Price in Buckeye reached $240,000 in the 2nd Qtr 2019, up 9% YoY from 2018’s $220,706 in the same period, and up 20% over the last 2 years (since the $200,000 median sales price in Q2 2017.)

The trend in Buckeye is very similar to what we saw in Gilbert last week: looking at longer time periods (quarterly vs monthly numbers) over a longer time horizon (going back to 2015 or further) shows a very positive pricing 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.

 

Gilbert Prices rise higher in 2nd Qtr

The Median Price per Square Foot in Gilbert reached $165.96/sqft in Q2 ‘19, up from $157.63/sqft in Q2 ‘18 and $144.58/sqft in Q2 ‘17.

Sometimes we get caught up in the month-to-month fluctuations, but when we take a step back and look at the bigger picture - quarterly numbers over a multi-year timeline, the trend looks pretty solid.

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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.

 

2nd Quarter shows strength in Surprise

After a relatively anemic first quarter (see Surprise pricing pauses upward trend), prices shot higher again in the 2nd quarter, with the median sales price in Surprise reaching $267,000 in Q2 ‘19.

Comparing the 2nd Quarter YoY against the same time period in prior years, the median sales price has increased approximately $12,000, $20,000, and $17,000 in the last three years.. Not too shabby.

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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 pricing continues trend in 2nd Qtr

The Median Sales Price for the 2nd Quarter was $277,000 in Phoenix, up slightly YoY from $269,000 in Q2 2018. But Q2 ’18 capped a strong run where prices were up 17% over 18 months from Q4 ’16. It makes sense that the market can cool off a little bit while still having an upward trend (green line).

However, it also appears that most of the price appreciation occurs between Q1 and Q2. (that 18-month run last year was the exception.) If this trend holds true, we won’t see prices increase much until 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.